@misc{10481/55580,
year = {2018},
month = {7},
url = {http://hdl.handle.net/10481/55580},
abstract = {This paper examines the impact of board independence on corporate social responsibility
(CSR) disclosure and analyses the moderating effect of the presence of family ownership. Using an
international sample from 29 countries from 2006 to 2014, our panel Tobit estimation shows that board
independence is negatively associated with CSR disclosure practices and they present opposition to
CSR disclosure practices. However, family ownership moderates the relationship and enforces the
positive orientation of independent directors towards CSR disclosure. This shows that the presence of
family ownership reduces independent director concern of reputation risks associated with receiving
misleading information and family firms decrease the asymmetries of information between the
independent director and management. The study also finds that independent directors encourage
CSR disclosure in family firms more in civil law countries where investor protection is low compared
to common law countries where investor protection is high.},
organization = {We would like to thank European Union for providing Erasmus Plus International Credit Mobility
Scholarship to Mr. Shashank Bansal. This research is performed during his stay at University of Granada, Spain,
as a part of scholarship.},
publisher = {MDPI},
keywords = {Family business},
keywords = {Independent directors},
keywords = {Corporate social responsibility},
keywords = {Voluntary disclosure},
title = {Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership},
author = {Bansal, Shashank and Lopez-Perez, Maria Victoria and Rodríguez Ariza, Lazaro},
}