Corporate Board and Corporate Social Responsibility Assurance: Evidence from China

This paper investigates the association between board characteristics and the company's corporate social responsibility (CSR) assurance decision in China. By examining 2054 firm-years of Chinese listed companies with CSR reports from 2008 to 2012, we find that firms with a large board size, mor...

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Bibliographic Details
Published in:Journal of business ethics 2018-06, Vol.150 (1), p.211-225
Main Authors: Liao, Lin, Lin, Teng (Philip), Zhang, Yuyu
Format: Article
Language:English
Subjects:
Assurance services
Boards of directors
Business and Management
Business Ethics
Companies
Education
Ethics
Independence
Management
Philosophy
Predictions
Quality of Life Research
Social responsibility
Studies
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Summary:This paper investigates the association between board characteristics and the company's corporate social responsibility (CSR) assurance decision in China. By examining 2054 firm-years of Chinese listed companies with CSR reports from 2008 to 2012, we find that firms with a large board size, more female directors, and separation of CEO and chairman positions are more likely to engage in CSR assurance. Gender diversity also influences the CSR assurance provider choice. However, board independence and overseas background of the CEO do not affect the CSR assurance decision. Inconsistent with our prediction, firms with foreign directors are less likely to engage in voluntary CSR assurance. In summary, this research provides in-depth insights into the determinants of Chinese firms' voluntary CSR assurance.
ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-016-3176-9