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Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context

This study examines the levels of corporate social responsibility disclosure (CSRD) between foreign and local banks in Malaysia by engaging the reconciliations of the stakeholder theory and resource-based view. Additionally, independent directors, portrayed as unique internal resources, may affect t...

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Main Authors: Lui, Tze Kiat, Zainuldin, Mohd Haniff
Format: Article
Published: Wiley 2022
Subjects:
HF Commerce
Business
Online Access:http://eprints.um.edu.my/41439/
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spelling my.um.eprints.414392023-09-22T07:12:29Z http://eprints.um.edu.my/41439/ Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context Lui, Tze Kiat Zainuldin, Mohd Haniff HF Commerce Business This study examines the levels of corporate social responsibility disclosure (CSRD) between foreign and local banks in Malaysia by engaging the reconciliations of the stakeholder theory and resource-based view. Additionally, independent directors, portrayed as unique internal resources, may affect the CSRD level. Using the panel data of 37 commercial banks retrieved over the period between 2010 and 2017, OLS and robust regressions revealed that the local banks disclosed more CSR information than their foreign banks' counterparts, and the increasing number of independent directors on the board produced lower CSRD. However, the interaction term offered new insight that the independent directors are acting as an effective resource for the foreign banks with a highly concentrated ownership environment. This gives a nuanced understanding of the proposed integrative theory to stimulate foreign banks' more social and environmental performances. Wiley 2022-09 Article PeerReviewed Lui, Tze Kiat and Zainuldin, Mohd Haniff (2022) Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context. Corporate Social Responsibility And Environmental Management, 29 (5). pp. 1855-1870. ISSN 1535-3958, DOI https://doi.org/10.1002/csr.2332 <https://doi.org/10.1002/csr.2332>. 10.1002/csr.2332
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HF Commerce
Business
spellingShingle HF Commerce
Business
Lui, Tze Kiat
Zainuldin, Mohd Haniff
Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
description This study examines the levels of corporate social responsibility disclosure (CSRD) between foreign and local banks in Malaysia by engaging the reconciliations of the stakeholder theory and resource-based view. Additionally, independent directors, portrayed as unique internal resources, may affect the CSRD level. Using the panel data of 37 commercial banks retrieved over the period between 2010 and 2017, OLS and robust regressions revealed that the local banks disclosed more CSR information than their foreign banks' counterparts, and the increasing number of independent directors on the board produced lower CSRD. However, the interaction term offered new insight that the independent directors are acting as an effective resource for the foreign banks with a highly concentrated ownership environment. This gives a nuanced understanding of the proposed integrative theory to stimulate foreign banks' more social and environmental performances.
format Article
author Lui, Tze Kiat
Zainuldin, Mohd Haniff
author_facet Lui, Tze Kiat
Zainuldin, Mohd Haniff
author_sort Lui, Tze Kiat
title Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
title_short Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
title_full Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
title_fullStr Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
title_full_unstemmed Do foreign banks disclose corporate social responsibility practices more than their local counterparts? Empirical evidence of an emerging market context
title_sort do foreign banks disclose corporate social responsibility practices more than their local counterparts? empirical evidence of an emerging market context
publisher Wiley
publishDate 2022
url http://eprints.um.edu.my/41439/
_version_ 1778161672835301376
score 13.211869

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