Corporate governance and CSR disclosure: Evidence from French listed companies

Tarek Miloud

Global Finance Journal, 2024, vol. 59, issue C

Abstract: This study aims to analyze the determinants of sustainability disclosures. We hypothesize that good corporate governance is associated with better sustainability disclosures, as indicated by compliance with Global Reporting Initiative (GRI) standards. Using a sample from the French SBF 120 index for the period 2006–2017, we find that well-governed firms are more likely to provide sustainability reports consistent with the GRI guidelines. These reports are also more informative. In addition, we show that the effect of corporate governance is enhanced by the firm's size and mitigated by the firm's leverage. This suggests that good governance might not be sufficient to ensure greater accountability. The results have implications for the ability of financial markets to steer capital towards more sustainable enterprises.

Keywords: Corporate social responsibility; Global reporting initiative standards; Disclosure practices; Corporate governance; Board of directors; Determinants of CSR disclosure; Sustainability reporting (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:59:y:2024:i:c:s1044028324000152

DOI: 10.1016/j.gfj.2024.100943

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