Comprehensive board composition and corporate social responsibility disclosure: a case of Jordan before and after the Arab Spring crisis
Abstract
Purpose
The purpose of this paper is to examine the impact of social movements engendered by the Arab Spring crisis on the relationship between corporate social responsibility disclosure (CSRD) and corporate governance attributes, particularly board composition, considering the importance of governance after the Arab Spring event.
Design/methodology/approach
Content analysis was used to examine the extent and nature of CSRD in annual reports of Jordanian companies listed on the Amman Stock Exchange covering the period 2009–2016. A dynamic regression model using panel data is then undertaken for a sample of 114 listed companies over the period to analyse the potential impact of board composition on the level of CSRD.
Findings
The results reveal that there was a significant increase in the level of CSRD post-the Arab Spring crisis; and that governance appears to be a key driver. Specifically, board age, directors educated in business and/or accounting-related fields and foreign members are found to have a significant positive relationship with CSRD.
Originality/value
Looking at the Arab region pre- and after the Arab Spring helps to complete the global picture of how company governance can lead to improved CSR performance. Specifically, this region has been behind in developing rules and codes that include CSR. The results show that having a diverse board, with directors with expertise specific to the context, increases the effectiveness of stakeholder management through CSRD. The results, therefore, offer valuable insights for companies, policymakers and for the development of regulations.
Keywords
Acknowledgements
The authors would like to thank the Editors and anonymous reviewers for their helpful comments. Thanks also to Dr Laurence Lester for his advice on the statistical modelling.
Citation
Ghassab, E.E., Tilt, C. and Rao, K.K. (2024), "Comprehensive board composition and corporate social responsibility disclosure: a case of Jordan before and after the Arab Spring crisis", Meditari Accountancy Research, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/MEDAR-03-2023-1948
Publisher
:Emerald Publishing Limited
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