Institutional dynamics and governance structures in shaping CSR, social entrepreneurship, and private equity investment

Modi Almaiman, Charbel Salloum (), Veland Ramadani, Ben Mohamed Ezzeddine and Leo-Paul Dana
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Modi Almaiman: Qassim University [Kingdom of Saudi Arabia]
Charbel Salloum: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Veland Ramadani: SEEU - South East European University
Ben Mohamed Ezzeddine: Qassim University [Kingdom of Saudi Arabia]
Leo-Paul Dana: School of Business and Management [Lappeenranta] - LUT - Lappeenranta–Lahti University of Technology [Finlande]

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Abstract: This study examines how governance structures and institutional dynamics influence corporate social responsibility (CSR) and social entrepreneurship disclosures within the context of Saudi Arabia, particularly under the Vision 2030 initiative. Using a sample of 108 non-financial Saudi companies with 324 annual reports, we applied Legitimacy Theory to explore how companies respond to social expectations and pressures in an emerging market. Our findings reveal that governance structures, particularly board characteristics and CEO financial education, significantly impact CSR disclosure and social entrepreneurship practices. The results suggest that aligning governance with CSR expectations fosters a more sustainable and socially responsive corporate landscape, especially in emerging markets like Saudi Arabia. These insights underscore the need for policies that support transparency and social engagement, driving responsible corporate behavior.

Keywords: Private Equity Investment; Governance structures; Corporate Social responsibility; Social Entrepreneurship; Investissement en capital-investissement; Structures de gouvernance; Responsabilité sociale des entreprises; Entrepreneuriat social (search for similar items in EconPapers)
Date: 2024-12-21
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Published in Journal of Small Business & Entrepreneurship, 2024, pp.1-20. ⟨10.1080/08276331.2024.2440834⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04982183

DOI: 10.1080/08276331.2024.2440834

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