CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia

Shaker Dahan AL-Duais, Ameen Qasem, Wan Nordin Wan-Hussin, Hasan Mohamad Bamahros, Murad Thomran and Abdulsalam Alquhaif
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Shaker Dahan AL-Duais: Accounting Department, Faculty of Administrative Sciences, Ibb University, Ibb 9674, Yemen
Ameen Qasem: Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
Wan Nordin Wan-Hussin: Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia (Kampus Kuala Lumpur), Kuala Lumpur 50300, Malaysia
Hasan Mohamad Bamahros: Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
Murad Thomran: Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
Abdulsalam Alquhaif: Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia

Sustainability, 2021, vol. 13, issue 21, 1-21

Abstract: Only a few studies have investigated the association between the characteristics of the chief executive officer (CEO) (i.e., tenure and local or expatriate) and corporate social responsibility (CSR) reporting. Our study adds to the fledgling literature by providing new evidence from Saudi Arabia. Given the dominance of family control among Saudi Arabian listed firms, additionally, this study examined the moderating effect of family ownership on the CEO-CSR relationship. Using CSR scores from Bloomberg database from 2010 to 2019 and ordinary least squares (OLS) regression, the findings reveal that the association between CEO tenure and CSR reporting is positively significant; however, the association between CEO nationality and CSR is not significant. In addition, the findings indicate that family ownership is an important contingency factor that explains the association between CEO tenure and CEO nationality, and CSR reporting. Our study contributes to an emerging line of CSR research that investigates the effects of foreign CEOs on CSR transparency, and supports prior evidence on the benefits to investors of having long-serving CEO and the costs of family entrenchment.

Keywords: CEO tenure; foreign CEO; family ownership; corporate social responsibility; Saudi vision 2030 (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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