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1.

Does corporate governance affect corporate social responsibility? Pages 1813-1822 Right click to download the paper Download PDF

Authors: Bilal Nayef Zureigat

DOI: 10.5267/j.uscm.2024.3.001

Keywords: Board meetings, Foreign ownership, Block holder ownership, Disclosure, GMM, Jordan

Abstract:
This research aimed to examine the impact of corporate governance on the corporate social responsibility of the Jordanian companies listed on the Amman stock exchange. Using a dynamic panel system, the current investigation of 65 Jordanians uses GMM estimation for the years 2018 to 2022. Corporate social responsibility has been measured using a corporate social responsibility index. It has 84 items divided into four groups: employee activity items, environmental items, objects related to society and the items related to customers are in the last group. The study concluded that Jordan demonstrated a substantial level of corporate social responsibility in keeping with Jordan's expanding understanding of and practice of corporate governance. Specifically, this study indicated that board meetings, foreign ownership, and block holder ownership significantly influenced corporate social responsibility. Our study’s findings should interest policymakers as well as regulators in nations with similar business ownership and regulatory regimes. This study contributes to addressing an oversight in the literature on social responsibility studies as well as corporate governance characteristics. As a result, this paper provides useful information and insights for businesses and regulators seeking to increase the impact of social responsibility on their businesses through a focus on corporate governance excellence.
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Journal: USCM | Year: 2024 | Volume: 12 | Issue: 3 | Views: 683 | Reviews: 0

 

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