The Impact of CEO Duality and Financial Performance on CSR Disclosure: Empirical Evidence from State-Owned Enterprises in China

Cosmina L. Voinea, Fawad Rauf, Khwaja Naveed and Cosmin Fratostiteanu
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Cosmina L. Voinea: Faculty of Management, Open Universiteit, P.O. Box 2960, 6401 DL Heerlen, The Netherlands
Fawad Rauf: Faculty of Management, Open Universiteit, P.O. Box 2960, 6401 DL Heerlen, The Netherlands
Khwaja Naveed: Faculty of Management, Open Universiteit, P.O. Box 2960, 6401 DL Heerlen, The Netherlands
Cosmin Fratostiteanu: Faculty of Economics and Business Administration, University of Craiova, 200396 Craiova, Romania

JRFM, 2022, vol. 15, issue 1, 1-17

Abstract: This paper studies the effects of a firm’s financial performance (FP) and chief executive officer’s (CEO) duality on the quality of corporate social responsibility (CSR) disclosure in the context of state-owned enterprises (SOEs) among Chinese A-share-registered companies. The results depict a negative relationship between CEO duality and CSR disclosure. Our results demonstrate that better-performing firms disclose CSR information more frequently and of higher quality compared with firms with poor financial performance. This role of financial performance in the quality of CSR disclosure is generally valuable in public enterprises; however, it is relatively sluggish in state-owned enterprises the outcomes indicate that the dual leadership structure reduces assessments and renders CEOs less liable to their stakeholders. Therefore, this study offers valuable information and details for regulators to improve corporate governance and CSR from the perspective of stakeholder theory.

Keywords: financial performance (FP); corporate social responsibility (CSR) disclosure; CSR reports; chief executive officer (CEO) duality; state-owned enterprises (SOEs); dual leadership structures (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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