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229763

The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies

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Last updated: 22 Jan 2023

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Abstract

The paper aims to examine the influence of governance structures on Corporate Social Responsibility Disclosures (CSRD) in Egypt. Specifically, it examines the extent to which ownership structures (institutional, managerial, block-holder, foreign, and governmental) and corporate board characteristics (size, independence, and CEO duality) impact CSRD of Egyptian publicly listed corporations. Using a sample of 88 firms from 2010 to 2017, the researchers find that foreign ownership, governmental ownership, and CEO duality have a positive effect on CSRD. Also, managerial ownership, the board size, and board independence have a negative influence on CSRD. Our results have important implications for policy makers and regulators to ensure improved governance structures. The results of the current study are robust to several tests and econometric analysis. Based on insights from neo-institutional theory, our findings generally support prior theoretical evidence that pressures exerted by external stakeholders and the government have a substantial effect in boosting firm-level CSR reporting as a legitimizing strategy in developing economies.

DOI

10.21608/cfdj.2022.229763

Keywords

Corporate Social Responsibility, Voluntary Disclosure, Corporate Governance, Ownership Structure - Emerging Economies, Egypt, Content Analysis

Authors

First Name

Mostafa Ibrahim Abdelhaim

Last Name

Elfeky

MiddleName

-

Affiliation

Faculty of commerce, Mansoura University

Email

m_i_elfeky@mans.edu.eg

City

Mansoura

Orcid

0000-0002-8256-6774

First Name

Hany Abdelrahman Elsayed

Last Name

Abdelaziz

MiddleName

-

Affiliation

Faculty of commerce, Damietta university

Email

hanyabdelrahman@du.edu.eg

City

-

Orcid

-

Volume

3

Article Issue

2

Related Issue

32919

Issue Date

2022-07-01

Receive Date

2022-04-08

Publish Date

2022-07-01

Page Start

363

Page End

418

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_229763.html

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https://cfdj.journals.ekb.eg/service?article_code=229763

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12

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

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Article

Created At

22 Jan 2023