Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/64880

The Value of Academic Directors to Stakeholders: Evidence on Corporate Social Responsibility Reporting

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Title:The Value of Academic Directors to Stakeholders: Evidence on Corporate Social Responsibility Reporting
Authors:Hsin-Yi Huang
Cheng-Hsun Lee
Chih-Hsien Liao
Keywords:corporate social responsibility
sustainability reporting
academic director
corporate governance
Date Issued:30 Aug 2019
Abstract:This study explores the regulatory setting in Taiwan and examines the association between academic directors and corporate social responsibility (CSR) reporting. We find that firms with academic directors on the board are more likely to issue a stand-alone CSR report and obtain third-party assurance on their CSR reports. We also find a positive association between CSR reporting and academic directors with industry expertise. Further cross-sectional analyses indicate that the positive relation between academic directors (and their industry expertise) and CSR reporting is stronger in firms with higher growth, greater institutional ownership, and lower control-ownership divergence. Our findings that the presence of academic directors can promote better sustainability reporting suggest that academic directors contribute not only to shareholder value but also to wider stakeholder interests.
URI:http://hdl.handle.net/10125/64880
Appears in Collections: 17 Management Accounting: Executive Compensation/Corporate Governance


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