Does Corporate Governance Affect Sustainability Disclosure? A Mixed Methods Study

Zeeshan Mahmood, Rehana Kouser, Waris Ali, Zubair Ahmad and Tahira Salman
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Zeeshan Mahmood: Department of Commerce, Bahauddin Zakariya University, Multan 60800, Pakistan
Rehana Kouser: Department of Commerce, Bahauddin Zakariya University, Multan 60800, Pakistan
Waris Ali: Department of Business Administration, University of Sahiwal, Sahiwal 57000, Pakistan
Zubair Ahmad: Institute of Management Sciences, Bahauddin Zakariya University, Multan 60800, Pakistan
Tahira Salman: Department of Commerce, Bahauddin Zakariya University, Multan 60800, Pakistan

Sustainability, 2018, vol. 10, issue 1, 1-20

Abstract: This research paper aims to understand the impact of corporate governance (CG) on economic, social, and environmental sustainability disclosures. This paper adopted an explanatory sequential mixed methods approach. The data regarding corporate governance and sustainability disclosure were collected from top 100 companies listed on the Pakistan Stock Exchange (PSE) for the period ranging from 2012 to 2015. In addition to the quantitative data, we collected qualitative data through interviews with five board members of different companies. Overall, our results indicate that CG elements enhance sustainability disclosures. This study concludes that a large board size consisting of a female director and a CSR committee (CSRC) is better able to check and control management decisions regarding sustainability issues (be they economic, environment, or social) and resulted in better sustainability disclosure. This paper, through quantitative and qualitative analysis, provides a methodological and empirical contribution to the literature on corporate governance and sustainability reporting in emerging and developing countries.

Keywords: corporate governance; corporate sustainability; sustainability reporting; mixed methods; global reporting initiative; developing countries; Pakistan (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

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