The Impact of Corporate Governance on Corruption Disclosure in European Listed Firms through the Implementation of Directive 2014/95/EU

María Inmaculada Alonso Carrillo, Alba María Priego De La Cruz and Montserrat Núñez Chicharro ()
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María Inmaculada Alonso Carrillo: Department of Business Administration, Castilla-La Mancha University, 13071 Ciudad Real, Spain
Alba María Priego De La Cruz: Department of Financial Economics, Accounting and Operations Management, Huelva University, 21002 Huelva, Spain

Sustainability, 2019, vol. 11, issue 22, 1-21

Abstract: The publication of Directive 2014/95/EU represents an important milestone related to the disclosure of non-financial information. This fact together with the role of the corporate governance guide firms towards achieving of an ethical, transparent, and responsible behavior. To contribute towards the understanding of this issue, this study investigates the relationship between corporate governance mechanisms and corporate social responsibility disclosure, namely, in corruption aspects relating to Directive 2014/95/EU. In so doing, a multiple regression analysis was carried out on a panel data sample of 198 European listed firms that are part of the EuroStoxx 200 index, in a studied period from 2014 to 2017. The findings reveal that outside directors and CEO duality impact positively and significantly on corruption disclosure. Therefore, this paper contributes to the existing research on corporate social responsibility disclosure, specifically, to the corruption disclosure literature by studying the corporate governance mechanisms that enhance these practices.

Keywords: corporate social responsibility disclosure; corruption disclosure; Directive 2014/95/EU; corporate governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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