How Do Remuneration Committees Affect Corporate Social Responsibility Disclosure? Empirical Evidence from an International Perspective

Inmaculada Bel-Oms and José Ramón Segarra-Moliner
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Inmaculada Bel-Oms: Department of Corporate Finance, Faculty of Economics, University of Valencia, 46022 Valencia, Spain
José Ramón Segarra-Moliner: Quality Management, Universitat Jaume I de Castellón, 12071 Castellón, Spain

Sustainability, 2022, vol. 14, issue 2, 1-13

Abstract: The main goal of this study is to analyze whether the existence of remuneration committees tend to disclose more corporate social responsibility (CSR) information. In addition, we test the moderating role played by the proportion of independent directors on boards of directors with the relationship between the constitution of remuneration committees and CSR disclosure. Previous research does not appear to have addressed these questions. The research questions proposed are tested using an international sample of 28,610 listed companies, and we took into consideration information on industrial companies from the Middle East, developed Asian and Pacific countries, both emerging and developed European countries, Africa, Latin America and North America. These findings provide evidence that the existence of remuneration committees is more likely to disclose CSR information, and the existence of independent board members positively moderates the association between the existence of remuneration committees and CSR disclosure. We expand on earlier empirical literature concerning corporate governance and CSR issues.

Keywords: remuneration committees; corporate social responsibility; agency theory (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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