Board attributes and corporate social responsibility performance: evidence from Vietnam

References

• Ahmed, K., Hossain, M., & Adams, M. B. (2006). The effects of board composition and board size on the informativeness of annual accounting earnings. Corporate Governance: an International Review, 14(5), 418–16. https://doi.org/10.1111/j.1467-8683.2006.00515.x
   Web of Science ®Google Scholar
• Al-Mamun, A., & Seamer, M. (2021). Board of director attributes and CSR engagement in emerging economy firms: Evidence from across Asia. Emerging Markets Review, 46, 100749. https://doi.org/10.1016/j.ememar.2020.100749
   Web of Science ®Google Scholar
• Ali, W., Frynas, J. G., & Mahmood, Z. (2017). Determinants of corporate social responsibility (CSR) disclosure in developed and developing countries: A literature review. Corporate Social Responsibility and Environmental Management, 24(4), 273–294. https://doi.org/10.1002/csr.1410
   Web of Science ®Google Scholar
• Amorelli, M. F., & García‐Sánchez, I. M. (2021). Trends in the dynamic evolution of board gender diversity and corporate social responsibility. Corporate Social Responsibility and Environmental Management, 28(2), 537–554. https://doi.org/10.1002/csr.2079
   Web of Science ®Google Scholar
• Amran, A., Lee, S. P., & Devi, S. S. (2014). The influence of governance structure and strategic corporate social responsibility toward sustainability reporting quality. Business Strategy and the Environment, 23(4), 217–235. https://doi.org/10.1002/bse.1767
   Web of Science ®Google Scholar
• Arena, C., Bozzolan, S., & Michelon, G. (2015). Environmental reporting: Transparency to stakeholders or stakeholder manipulation? An analysis of disclosure tone and the role of the board of directors. Corporate Social Responsibility and Environmental Management, 22(6), 346–361. https://doi.org/10.1002/csr.1350
   Web of Science ®Google Scholar
• Bear S, Rahman N and Post C. (2010). The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation. Journal of Business Ethics, 97(2), 207–221. https://doi.org/10.1007/s10551‐010‐0505‐2
   Web of Science ®Google Scholar
• Beiner, S., Drobetz, W., Schmid, F., & Zimmermann, H. (2004). Is board size an independent corporate governance mechanism? Kyklos, 57(3), 327–356. https://doi.org/10.1111/j.0023-5962.2004.00257.x
   Web of Science ®Google Scholar
• Bird, B., & Brush, C. (2002). A gendered perspective on organizational creation. Entrepreneurship Theory and Practice, 26(3), 41–65. https://doi.org/10.1177/104225870202600303
   Google Scholar
• Birindelli, G., Dell’Atti, S., Iannuzzi, A., & Savioli, M. (2018). Composition and activity of the board of directors: Impact on ESG performance in the banking system. Sustainability, 10(12), 4699. https://doi.org/10.3390/su10124699
   Web of Science ®Google Scholar
• Bolourian, S., Angus, A., & Alinaghian, L. (2021). The impact of corporate governance on corporate social responsibility at the board-level: A critical assessment. Journal of Cleaner Production, 291, 125752. https://doi.org/10.1016/j.jclepro.2020.125752
   Web of Science ®Google Scholar
• Boulouta, I. (2013). Hidden connections: The link between board gender diversity and corporate social performance. Journal of Business Ethics, 113(2), 185–197. https://doi.org/10.1007/s10551-012-1293-7
   Web of Science ®Google Scholar
• Brammer, S., & Millington, A. (2005). Corporate reputation and philanthropy: An empirical analysis. Journal of Business Ethics, 61(1), 29–44. https://doi.org/10.1007/s10551-005-7443-4
   Web of Science ®Google Scholar
• Branco, M. C., & Rodrigues, L. L. (2008). Factors influencing social responsibility disclosure by Portuguese companies. Journal of Business Ethics, 83(4), 685–701. https://doi.org/10.1007/s10551-007-9658-z
   Web of Science ®Google Scholar
• Bui, T. L. H. (2010). The Vietnamese consumer perception on corporate social responsibility. Journal of International Business Research, 9(1), 75–87. https://www.abacademies.org/articles/jibrvol9nosi12010.pdf
   Google Scholar
• Campanella, F., Serino, L., Crisci, A., & D’Ambra, A. (2021). The role of corporate governance in environmental policy disclosure and sustainable development. Generalized estimating equations in longitudinal count data analysis. Corporate Social Responsibility and Environmental Management, 28(1), 474–484. https://doi.org/10.1002/csr.2062
   Web of Science ®Google Scholar
• Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. Academy of Management Review, 4(4), 497–505. https://doi.org/10.2307/257850
   Google Scholar
• Chams, N., & García-Blandón, J. (2019). Sustainable or not sustainable? The role of the board of directors. Journal of Cleaner Production, 226, 1067–1081. https://doi.org/10.1016/j.jclepro.2019.04.118
   Web of Science ®Google Scholar
• Chen, H., Wang, X., & Lenssen, G. (2011). Corporate social responsibility and corporate financial performance in China: An empirical research from Chinese firms. Corporate Governance: The International Journal of Business in Society, 11(4), 361–370. https://doi.org/10.1108/14720701111159217
   Google Scholar
• Cheng, B., Ioannou, I., & Serafeim, G. (2014). Corporate social responsibility and access to finance. Strategic Management Journal, 35(1), 1–23. https://doi.org/10.1002/smj.2131
   Web of Science ®Google Scholar
• Choi, B. B., Lee, D., & Park, Y. (2013). Corporate social responsibility, corporate governance and earnings quality: Evidence from Korea. Corporate Governance: An International Review, 21(5), 447–467. https://doi.org/10.1111/corg.12033
   Web of Science ®Google Scholar
• Cruz, C., Justo, R., Larraza-Kintana, M., & Garcés-Galdeano, L. (2019). When do women make a better table? examining the influence of women directors on family firm’s corporate social performance. Entrepreneurship Theory and Practice, 43(2), 282–301. https://doi.org/10.1177/1042258718796080
   Web of Science ®Google Scholar
• Davis, M. H., Capobianco, S., & Kraus, L. A. (2010). Gender differences in responding to conflict in the workplace: Evidence from a large sample of working adults. Sex Roles, 63(7), 500–514. https://doi.org/10.1007/s11199-010-9828-9
   Web of Science ®Google Scholar
• De Andres, P., Azofra, V., & Lopez, F. (2005). Corporate boards in OECD countries: Size, composition, functioning and effectiveness. Corporate Governance: An International Review, 13(2), 197–210. https://doi.org/10.1111/j.1467-8683.2005.00418.x
   Web of Science ®Google Scholar
• De Andres, P., & Vallelado, E. (2008). Corporate governance in banking: The role of the board of directors. Journal of Banking & Finance, 32(12), 2570–2580. https://doi.org/10.1016/j.jbankfin.2008.05.008
   Web of Science ®Google Scholar
• De Graaf, F. J., & Stoelhorst, J. W. (2013). The role of governance in corporate social responsibility: Lessons from Dutch finance. Business & Society, 52(2), 282–317. https://doi.org/10.1177/0007650309336451
   Web of Science ®Google Scholar
• De Villiers, C., Naiker, V., & Van Staden, C. J. (2011). The effect of board characteristics on firm environmental performance. Journal of Management, 37(6), 1636–1663. https://doi.org/10.1177/0149206311411506
   Web of Science ®Google Scholar
• Deckop, J. R., Merriman, K. K., & Gupta, S. (2006). The effects of CEO pay structure on corporate social performance. Journal of Management, 32(3), 329–342. https://doi.org/10.1177/0149206305280113
   Web of Science ®Google Scholar
• Deschênes, S., Rojas, M., Boubacar, H., Prud’homme, B., & Ouedraogo, A. (2015). The impact of board traits on the social performance of Canadian firms. Corporate Governance, 15(3), 293–305. https://doi.org/10.1108/CG-08-2014-0097
   Google Scholar
• Dey, A. (2008). Corporate governance and agency conflicts. Journal of Accounting Research, 46(5), 1143–1181. https://doi.org/10.1111/j.1475-679X.2008.00301.x
   Web of Science ®Google Scholar
• Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & Yang, Y. G. (2012). Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure. The Accounting Review, 87(3), 723–759. https://doi.org/10.2308/accr-10218
   Web of Science ®Google Scholar
• Endo, K. (2020). Corporate governance beyond the shareholder–stakeholder dichotomy: Lessons from Japanese corporations’ environmental performance. Business Strategy and the Environment, 29(4), 1625–1633. https://doi.org/10.1002/bse.2457
   Web of Science ®Google Scholar
• Endrikat, J., De Villiers, C., Guenther, T. W., & Guenther, E. M. (2020). Board characteristics and corporate social responsibility: A meta-analytic investigation. Business & Society.
   Google Scholar
• Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The Journal of Law & Economics, 26(2), 301–325. https://doi.org/10.1086/467037
   Web of Science ®Google Scholar
• Francoeur, C., Labelle, R., Balti, S., & Bouzaidi, S. E. (2019). To what extent do gender diverse boards enhance corporate social performance? Journal of Business Ethics, 155(2), 343–357. https://doi.org/10.1007/s10551-017-3529-z
   Web of Science ®Google Scholar
• Freeman, R. E. (1984). Strategic management: A stakeholder approach. Prentice-Hall.
   Google Scholar
• Furlotti, K., Mazza, T., Tibiletti, V., & Triani, S. (2019). Women in top positions on boards of directors: Gender policies disclosed in Italian sustainability reporting. Corporate Social Responsibility and Environmental Management, 26(1), 57–70. https://doi.org/10.1002/csr.1657
   Web of Science ®Google Scholar
• García Martín, C. J., & Herrero, B. (2020). Do board characteristics affect environmental performance? A study of EU firms. Corporate Social Responsibility and Environmental Management, 27(1), 74–94. https://doi.org/10.1002/csr.1775
   Web of Science ®Google Scholar
• Giannarakis, G., Konteos, G., & Sariannidis, N. (2014). Financial, governance and environmental determinants of corporate social responsible disclosure. Management Decision, 52(10), 1928–1951. https://doi.org/10.1108/MD-05-2014-0296
   Web of Science ®Google Scholar
• Govindan, K., Kilic, M., Uyar, A., & Karaman, A. S. (2021). Drivers and value-relevance of CSR performance in the logistics sector: A cross-country firm-level investigation. International Journal of Production Economics, 231, 107835. https://doi.org/10.1016/j.ijpe.2020.107835
   Web of Science ®Google Scholar
• Guest, P. M. (2009). The impact of board size on firm performance: Evidence from the UK. The European Journal of Finance, 15(4), 385–404. https://doi.org/10.1080/13518470802466121
   Web of Science ®Google Scholar
• Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics. McGrawHill/Irwin. New York.
   Google Scholar
• Hoang, T. C., Abeysekera, I., & Ma, S. (2018). Board diversity and corporate social disclosure: Evidence from Vietnam. Journal of Business Ethics, 151(3), 833–852. https://doi.org/10.1007/s10551-016-3260-1
   Web of Science ®Google Scholar
• Hong, Y., & Andersen, M. L. (2011). The relationship between corporate social responsibility and earnings management: An exploratory study. Journal of Business Ethics, 104(4), 461–471. https://doi.org/10.1007/s10551-011-0921-y
   Web of Science ®Google Scholar
• Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate governance and sustainability performance: Analysis of triple bottom line performance. Journal of Business Ethics, 149(2), 411–432. https://doi.org/10.1007/s10551-016-3099-5
   Web of Science ®Google Scholar
• Ibrahim, N. A., & Angelidis, J. P. (1994). Effect of board members’ gender on corporate social responsiveness orientation. Journal of Applied Business Research, 10(1), 35–43. https://doi.org/10.19030/jabr.v10i1.5961
   Google Scholar
• Jain, T., & Jamali, D. (2016). Looking inside the black box: The effect of corporate governance on corporate social responsibility. Corporate Governance: An International Review, 24(3), 253–273. https://doi.org/10.1111/corg.12154
   Web of Science ®Google Scholar
• Jamali, D., Safieddine, A. M., & Rabbath, M. (2008). Corporate governance and corporate social responsibility synergies and interrelationships. Corporate Governance: An International Review, 16(5), 443–459. https://doi.org/10.1111/j.1467-8683.2008.00702.x
   Web of Science ®Google Scholar
• Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
   Web of Science ®Google Scholar
• Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of Business Ethics, 125(4), 601–615. https://doi.org/10.1007/s10551-013-1929-2
   Web of Science ®Google Scholar
• Jizi, M. (2017). The influence of board composition on sustainable development disclosure. Business Strategy and the Environment, 26(5), 640–655. https://doi.org/10.1002/bse.1943
   Web of Science ®Google Scholar
• John, K., & Senbet, L. W. (1998). Corporate governance and board effectiveness. Journal of Banking & Finance, 22(4), 371–403. https://doi.org/10.1016/S0378-4266(98)00005-3
   Web of Science ®Google Scholar
• Jouber H. (2021). Is the effect of board diversity on CSR diverse? New insights from one-tier vs two-tier corporate board models. Corporate Governance: The International Journal of Business in Society, 21(1), 23–61. https://doi.org/10.1108/CG-07-2020-0277
   Web of Science ®Google Scholar
• Kabir, R., & Thai, H. M. (2017). Does corporate governance shape the relationship between corporate social responsibility and financial performance? Pacific Accounting Review, 29(2), 227–258. https://doi.org/10.1108/PAR-10-2016-0091
   Web of Science ®Google Scholar
• Kabir, R., & Thai, H. M. (2021). Key factors determining corporate social responsibility practices of Vietnamese firms and the joint effects of foreign ownership. Journal of Multinational Financial Management, 59, 100676. https://doi.org/10.1016/j.mulfin.2020.100676
   Web of Science ®Google Scholar
• Kılıç, M., & Kuzey, C. (2019). The effect of corporate governance on carbon emission disclosures: Evidence from Turkey. International Journal of Climate Change Strategies and Management, 11(1), 35–53. https://doi.org/10.1108/IJCCSM-07-2017-0144
   Web of Science ®Google Scholar
• Kim, H. (2013). Glass fence thicker than glass ceiling: The puzzling gaps of women’s leadership in Korea. In J. Rajasekar (Ed.), Culture and gender in leadership: Perspectives from the Middle East and Asia (pp. 253–274). Palgrave Macmillan.
   Google Scholar
• Laksmana, I. (2008). Corporate board governance and voluntary disclosure of executive compensation practices. Contemporary Accounting Research, 25(4), 1147–1182. https://doi.org/10.1506/car.25.4.8
   Web of Science ®Google Scholar
• Liao, L., Luo, L., & Tang, Q. (2015). Gender diversity, board Independence, environmental committee and greenhouse gas disclosure. The British Accounting Review, 47(4), 409–424. https://doi.org/10.1016/j.bar.2014.01.002
   Web of Science ®Google Scholar
• Lim, S., Matolcsy, Z., & Chow, D. (2007). The association between board composition and different types of voluntary disclosure. European Accounting Review, 16(3), 555–583. https://doi.org/10.1080/09638180701507155
   Web of Science ®Google Scholar
• Mahoney, L. S., & Thorne, L. (2005). Corporate social responsibility and long-term compensation: Evidence from Canada. Journal of Business Ethics, 57(3), 241–253. https://doi.org/10.1007/s10551-004-5367-z
   Web of Science ®Google Scholar
• Malik, M. (2015). Value-enhancing capabilities of CSR: A brief review of contemporary literature. Journal of Business Ethics, 127(2), 419–438. https://doi.org/10.1007/s10551-014-2051-9
   Web of Science ®Google Scholar
• Mallin, C., Michelon, G., & Raggi, D. (2013). Monitoring intensity and stakeholders’ orientation: How does governance affect social and environmental disclosure? Journal of Business Ethics, 114(1), 29–43. https://doi.org/10.1007/s10551-012-1324-4
   Web of Science ®Google Scholar
• Martínez‐Ferrero, J., Lozano, M. B., & Vivas, M. (2021). The impact of board cultural diversity on a firm’s commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee. Corporate Social Responsibility and Environmental Management, 28(2), 675–685. https://doi.org/10.1002/csr.2080
   Web of Science ®Google Scholar
• Melero, E. (2011). Are workplaces with many women in management run differently? Journal of Business Research, 64(4), 385–393. https://doi.org/10.1016/j.jbusres.2010.01.009
   Web of Science ®Google Scholar
• Michelon, G., & Parbonetti, A. (2012). The effect of corporate governance on sustainability disclosure. Journal of Management & Governance, 16(3), 477–509. https://doi.org/10.1007/s10997-010-9160-3
   Google Scholar
• Naciti, V. (2019). Corporate governance and board of directors: The effect of a board composition on firm sustainability performance. Journal of Cleaner Production, 237, 117727. https://doi.org/10.1016/j.jclepro.2019.117727
   Web of Science ®Google Scholar
• Nadeem, M., Gyapong, E., & Ahmed, A. (2020). Board gender diversity and environmental, social, and economic value creation: Does family ownership matter? Business Strategy and the Environment, 29(3), 1268–1284. https://doi.org/10.1002/bse.2432
   Web of Science ®Google Scholar
• Nielsen, S., & Huse, M. (2010). The contribution of women on boards of directors: Going beyond the surface. Corporate Governance: An International Review, 18(2), 136–148. https://doi.org/10.1111/j.1467-8683.2010.00784.x
   Web of Science ®Google Scholar
• Orazalin, N., & Mahmood, M. (2021). Toward sustainable development: Board characteristics, country governance quality, and environmental performance. Business Strategy and the Environment, 30 (8), 3569–3588. https://doi.org/10.1002/bse.2820
   Web of Science ®Google Scholar
• Ortas, E., Álvarez, I., & Zubeltzu, E. (2017). Firms’ board Independence and corporate social performance: A meta-analysis. Sustainability, 9(6), 1006. https://doi.org/10.3390/su9061006
   Web of Science ®Google Scholar
• Prado-Lorenzo, J. M., & Garcia-Sanchez, I. M. (2010). The role of the board of directors in disseminating relevant information on greenhouse gases. Journal of Business Ethics, 97(3), 391–424. https://doi.org/10.1007/s10551-010-0515-0
   Web of Science ®Google Scholar
• Pucheta‐Martínez, M. C., Bel‐Oms, I., & Olcina‐Sempere, G. (2016). Corporate governance, female directors and quality of financial information. Business Ethics: A European Review, 25(4), 363–385. https://doi.org/10.1111/beer.12123
   Web of Science ®Google Scholar
• Pucheta‐Martínez, M. C., Bel‐Oms, I., & Olcina‐Sempere, G. (2018). The association between board gender diversity and financial reporting quality, corporate performance and corporate social responsibility disclosure: A literature review. Academia Revista Latinoamericana de Administración, 31(1), 177–194. https://doi.org/10.1108/ARLA-04-2017-0110
   Web of Science ®Google Scholar
• Pucheta‐Martínez, M. C., & Gallego‐Álvarez, I. (2019). An international approach of the relationship between board attributes and the disclosure of corporate social responsibility issues. Corporate Social Responsibility and Environmental Management, 26(3), 612–627. https://doi.org/10.1002/csr.1707
   Web of Science ®Google Scholar
• Ralston, D. A., Terpstra-Tong, J., Maignan, I., Napier, N. K., & Nguyen, V. T. (2006). Vietnam: A cross-cultural comparison of upward influence ethics. Journal of International Management, 12(1), 85–105. https://doi.org/10.1016/j.intman.2005.08.004
   Google Scholar
• Rao, K., & Tilt, C. (2016). Board composition and corporate social responsibility: The role of diversity, gender, strategy and decision making. Journal of Business Ethics, 138(2), 327–347. https://doi.org/10.1007/s10551-015-2613-5
   Web of Science ®Google Scholar
• Rechner, P. L., & Dalton, D. R. (1991). CEO duality and organizational performance: A longitudinal analysis. Strategic Management Journal, 12(2), 155–160. https://doi.org/10.1002/smj.4250120206
   Web of Science ®Google Scholar
• Rupley, K. H., Brown, D., & Marshall, R. S. (2012). Governance, media and the quality of environmental disclosure. Journal of Accounting and Public Policy, 31(6), 610–640. https://doi.org/10.1016/j.jaccpubpol.2012.09.002
   Web of Science ®Google Scholar
• Shu, P. G., & Chiang, S. J. (2020). The impact of corporate governance on corporate social performance: Cases from listed firms in Taiwan. Pacific-Basin Finance Journal, 61, 101332. https://doi.org/10.1016/j.pacfin.2020.101332
   Web of Science ®Google Scholar
• Smith, A. (2014). Fortune 500 Companies spend more than $15bn on corporate responsibility. Financial Times. https://www.ft.com/content/95239a6e-4fe0-11e4-a0a4-00144feab7de
   Google Scholar
• Soytas, M. A., Denizel, M., & Usar, D. D. (2019). Addressing endogeneity in the causal relationship between sustainability and financial performance. International Journal of Production Economics, 210, 56–71. https://doi.org/10.1016/j.ijpe.2019.01.016
   Web of Science ®Google Scholar
• Tran, Q. T., Lam, T. T., & Luu, C. D. (2020). Effect of corporate governance on corporate social responsibility disclosure: Empirical evidence from Vietnamese commercial banks. The Journal of Asian Finance, Economics and Business, 7(11), 327–333. https://doi.org/10.13106/jafeb.2020.vol7.no11.327
   Web of Science ®Google Scholar
• Valentine, S., & Fleischman, G. (2008). Ethics programs, perceived corporate social responsibility and job satisfaction. Journal of Business Ethics, 77(2), 159–172. https://doi.org/10.1007/s10551-006-9306-z
   Web of Science ®Google Scholar
• Yang, W., Yang, J., & Gao, Z. (2019). Do female board directors promote corporate social responsibility? An empirical study based on the critical mass theory. Emerging Markets Finance and Trade, 55(15), 3452–3471. https://doi.org/10.1080/1540496X.2019.1657402
   Web of Science ®Google Scholar
• Zhuang, Y., Chang, X., & Lee, Y. (2018). Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms. Sustainability, 10(8), 2752. https://doi.org/10.3390/su10082752
   Web of Science ®Google Scholar