Foreign directors and CSR disclosure: evidence from France

Rim Khemiri (), Nadia Ben Farhat Toumi () and Yosra Fourati Makni
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Rim Khemiri: LARSH - Laboratoire de Recherche Sociétés & Humanités - UPHF - Université Polytechnique Hauts-de-France - INSA Hauts-De-France - INSA Institut National des Sciences Appliquées Hauts-de-France - INSA - Institut National des Sciences Appliquées
Nadia Ben Farhat Toumi: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], UEVE - Université d'Évry-Val-d'Essonne
Yosra Fourati Makni: FSEG Sfax - Faculté des Sciences Economiques et de Gestion de Sfax - Université de Sfax - University of Sfax

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Abstract: The aim of this paper is to analyze the impact of directors' home regions on corporate social responsibility (CSR) disclosure practices. Our empirical study drawn on all listed firms, on the SBF120 between 2008 and 2018. Our findings provide evidence that home regions diversity on board is positively and significantly associated with ESG disclosure. However, it influences differently each score of CSR disclosure. In fact, we find that the presence of home regions diversity of directors' boards is positively associated with environmental score, while governance disclosure is negatively associated with this diversity. Also, our results provide that the presence of Anglo-American, Asian and Middle Eastern directors is positively associated with ESG disclosure. When directors come from European countries, they are less disclosing ESG information. Concerning the environmental disclosure, Anglo-American directors are more likely release this information than European and Asian directors. Finally, we find that the presence of Middle Eastern directors is negatively associated with social disclosure, though they are more likely to communicate on corporate governance information.

Keywords: Foreign directors; CSR disclosure; Directors’ home regions; Board diversity (search for similar items in EconPapers)
Date: 2021-05-26
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Published in EAA 2021 : First EAA Virtual Annual Congress, European Accounting Association (EAA), May 2021, Virtual conference, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04509240

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