The Influence of Corporate Governance and Corporate Foundations on Corporate Social Responsibility (CSR) Reporting Practices

Dineshwar Ramdhony, Afzalur Rashid*, Jeff Gow, Teerooven Soobaroyen

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This study investigates whether corporate governance and corporate foundations have any influence on corporate social responsibility (CSR) reporting practices in the context of a developing country–Mauritius. Data were collected from Mauritian listed companies for the period of 2007–2014. Content analysis was used to assess the extent of CSR reporting. Multivariate regression was used to investigate the three research hypotheses. It was found that firms which contribute to a CSR foundation, generally report a higher level of CSR information provision. Conversely, state ownership has a negative influence on the level of CSR reporting while board independence had no significant influence on CSR reporting. This study contributes to the literature by shedding light on less explored intrinsic drivers of CSR reporting. While the role of extrinsic drivers (e.g. institutional obligations) remains relevant, it is only through an organizational/management commitment to ethical and social issues that substantive embedding of positive managerial attitudes toward CSR and stakeholder will occur.

Original languageEnglish
Pages (from-to)816-832
Number of pages17
JournalJournal of African Business
Volume23
Issue number3
Early online date13 Jul 2021
DOIs
Publication statusPublished - 2022

Bibliographical note

Publisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.

Keywords

  • boards
  • CSR reporting
  • foundations
  • Mauritius

Fingerprint

Dive into the research topics of 'The Influence of Corporate Governance and Corporate Foundations on Corporate Social Responsibility (CSR) Reporting Practices'. Together they form a unique fingerprint.

Cite this