Ownership structure and environmental, social and governance performance disclosure: the moderating role of the board independence

Hamzeh Al Amosh and Saleh F.A. Khatib

Journal of Business and Socio-economic Development, 2021, vol. 2, issue 1, 49-66

Abstract: Purpose - The current study dealt with the ownership structure effect as a potential determinant of the environmental, social and governance (ESG) performance disclosure in the Jordanian context. Design/methodology/approach - Using the content analysis technique, data were collected and analyzed from a final sample of 51 annual reports of Jordanian industrial companies listed for 2012–2019. Findings - The results show that foreign ownership and state ownership play a critical role in disclosing the ESG performance. Also, the board's independence plays an influential role in improving disclosure quality, enhancing family ownership in disclosure. It also limits the negative role of block holder ownership and managerial ownership on the ESG disclosure. Originality/value - To the best of the authors' knowledge, this is the first study that deals with the role of ownership structure on the ESG disclosure level separately and collectively through the moderating role of board independence.

Keywords: Ownership structure; Board independence; ESG disclosure; Stakeholders; Legitimacy (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jbsedp:jbsed-07-2021-0094

DOI: 10.1108/JBSED-07-2021-0094

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