Empirical Evidence on Corporate Governance Impact on CSR Disclosure in Developing Economies: The Tunisian and Egyptian Contexts

Empirical Evidence on Corporate Governance Impact on CSR Disclosure in Developing Economies: The Tunisian and Egyptian Contexts

Wajdi Ben Rejeb (National Institute of Applied Sciences & Technology, Tunisia)
Copyright: © 2017 |Pages: 22
DOI: 10.4018/978-1-5225-0720-8.ch006
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Abstract

This chapter investigates the influence of the board composition and leadership on Corporate Social Responsibility (CSR) disclosure. The empirical study of 68 Tunisian listed companies and 100 Egyptian listed companies reveals that board independence, foreign directorship, female directorship and state directorship, influence positively CSR disclosure. However, these findings indicate that CEO duality has a negative impact on CSR disclosure. Overall, the findings are consistent with the agency theory as well as the stakeholders theory and suggest that CSR disclosure seems to result from the willingness to meet shareholders' expectations in terms of transparency and voluntary disclosure of non-financial information.
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Background

The purpose of this section is to provide an overview of CSR disclosure within the Tunisian and Egyptian contexts in Tunisia and Egypt. The review of institutional arrangements and previous researches in this field in relation with the previously mentioned countries will be also examined in this section.

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