The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms
MetadataShow full item record
Purpose – Drawing on agency theory and legitimacy theory perspectives, the purpose of this paper isto investigate the influence of board characteristics on sustainability reporting of listed companies inthe Colombo Stock Exchange (CSE), Sri Lanka.Design/methodology/approach – A sample of 148 listed companies was drawn from the CSE usingstratified random sampling method and data were collected from the 2012 annual reports. Theproposed hypotheses were tested using a hierarchical binary logistic regression.Findings – This study documents that board size and dual leadership are positively associatedwith sustainability reporting and boards with female directors are negatively associated withsustainability reporting. This study also found that sustainability reporting is likely to be influencedby firm size and firm growth. Additionally, the study also reveals that younger firms are likelyto adopt sustainability reporting.Originality/value – This is the first study to examine the influence of board characteristicson sustainability reporting in Sri Lanka, considered as a developing economy with an emergingequity market.
Showing items related by title, author, creator and subject.
Prabowo, Muhammad Agung (2010)The study investigates the effect of the compositions of board of directors on firm performance in Indonesia. This country offers a specific institutional environment, which provides a natural setting to further examine ...
White, Greg; Lee, Alina; Tower, Gregory (2007)Purpose: The paper seeks to investigate the key drivers and level of voluntary disclosures in biotechnology company annual reports. Design/methodology/approach: The paper uses an intellectual capital disclosure index score ...
Factors determining social and environmental reporting by Indian textile and apparel firms: A test of legitimacy theoryNurhayati, Ratna; Taylor, Grantley; Rusmin, Rusmin; Tower, Greg; Chatterjee, B. (2016)© 2016 Emerald Group Publishing Limited.Purpose-The purpose of this research is to investigate the factors determining the social and environmental reporting (SER) of Indian textile and apparel (TA) firms. Design/method ...