Female directors and CSR disclosure in Bangladesh: the role of family affiliation

Pallab Kumar Biswas, Helen Roberts and Rosalind Heather Whiting

Meditari Accountancy Research, 2021, vol. 30, issue 1, 163-192

Abstract: Purpose - This paper aims to investigate the impact of female director affiliations to governing families on corporate social responsibility (CSR) disclosures in the context of Bangladeshi firms. Design/methodology/approach - This study uses a quantitative empirical research method grounded in Socioemotional Wealth (SEW) theory. Data was sourced from Bangladeshi publicly listed non-financial sector companies’ annual reports and stock exchange trading and publication reports and consists of 2,637 firm-year observations from 1996 to 2011. Pooled multivariate regression models are used to test the association between corporate social and environmental disclosure and female directors, and the family affiliation (or not) of those directors. Findings - The findings provide strong evidence that female directors who are affiliated to the governing family, founders and other board members reduce CSR disclosure in family firms; unaffiliated female board directors enhance CSR disclosure, and this effect is significant in both family and non-family firms. Research limitations/implications - Definitions of family firms and affiliated directors may lead to over-generalization in the results. Originality/value - The study highlights variation in the nature of female board appointments in emerging market family-controlled firms. The findings bring attention to the role of affiliated female director appointments in family ownership structures and speak directly to family business owners, advisors and policy makers about the importance of unaffiliated female directors as catalysts of improved CSR disclosure in family and non-family firms.

Keywords: Corporate governance; CSR disclosure; Socioemotional wealth; Female directors; Family affiliation (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:medarp:medar-10-2019-0587

DOI: 10.1108/MEDAR-10-2019-0587

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