The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies
Elfeky, M., Abdelaziz, H. (2022). The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies. EKB Journal Management System, 3(2), 363-418. doi: 10.21608/cfdj.2022.229763
Mostafa Ibrahim Abdelhaim Elfeky; Hany Abdelrahman Elsayed Abdelaziz. "The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies". EKB Journal Management System, 3, 2, 2022, 363-418. doi: 10.21608/cfdj.2022.229763
Elfeky, M., Abdelaziz, H. (2022). 'The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies', EKB Journal Management System, 3(2), pp. 363-418. doi: 10.21608/cfdj.2022.229763
Elfeky, M., Abdelaziz, H. The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies. EKB Journal Management System, 2022; 3(2): 363-418. doi: 10.21608/cfdj.2022.229763

The impact of corporate governance structure on corporate social responsibility: An applied study on Egyptian companies

المجلة العلمية للدراسات والبحوث المالية والتجارية
Article 12, Volume 3, Issue 2, July 2022, Page 363-418  XML PDF (968.69 K)
Document Type: المقالة الأصلية
DOI: 10.21608/cfdj.2022.229763
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Authors
Mostafa Ibrahim Abdelhaim Elfekyorcid 1; Hany Abdelrahman Elsayed Abdelaziz2
1Faculty of commerce, Mansoura University
2Faculty of commerce, Damietta university
Abstract
The paper aims to examine the influence of governance structures on Corporate Social Responsibility Disclosures (CSRD) in Egypt. Specifically, it examines the extent to which ownership structures (institutional, managerial, block-holder, foreign, and governmental) and corporate board characteristics (size, independence, and CEO duality) impact CSRD of Egyptian publicly listed corporations. Using a sample of 88 firms from 2010 to 2017, the researchers find that foreign ownership, governmental ownership, and CEO duality have a positive effect on CSRD. Also, managerial ownership, the board size, and board independence have a negative influence on CSRD. Our results have important implications for policy makers and regulators to ensure improved governance structures. The results of the current study are robust to several tests and econometric analysis. Based on insights from neo-institutional theory, our findings generally support prior theoretical evidence that pressures exerted by external stakeholders and the government have a substantial effect in boosting firm-level CSR reporting as a legitimizing strategy in developing economies.
Keywords
Corporate Social Responsibility; Voluntary Disclosure; Corporate Governance; Ownership Structure - Emerging Economies; Egypt; Content Analysis
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