The University of Southampton
University of Southampton Institutional Repository
Warning ePrints Soton is experiencing an issue with some file downloads not being available. We are working hard to fix this. Please bear with us.

Governance and sustainability in Southeast Asia

Governance and sustainability in Southeast Asia
Governance and sustainability in Southeast Asia
Purpose – This paper aims to examine the relationship between a diverse set of corporate governance (CG) mechanisms and corporate sustainability disclosures (CSD) in Southeast Asian countries under national stakeholder reform.

Design/ methodology/ approach – Data analysis is based on 171 of the largest companies across six Southeast Asian countries using a 30-item CSD measure.

Findings - The authors find that there are wide variations in the levels of CSD across the countries. The findings indicate that board size, board gender diversity, block ownership and the presence of a sustainability committee are significant determinants of CSD. Additionally, while more stringent stakeholder governance reform motivates firms to publish more sustainability information, it fails to influence the effectiveness of board of directors in promoting CSD.

Practical implications – Findings of this study highlight the essential role internal governance structure plays in monitoring corporate actions and enabling corporations to reduce their legitimacy gap. The findings further encourage regulators and policy makers to question, with utmost importance, the effectiveness of stakeholder reform in making significant organisational changes.

Originality/ value – There is a dearth of studies that examine the CG-CSD nexus in relation to specific institutional characteristics. Existing studies mainly focus on a single country with similar institutional environments, and thus limiting the ability to understand ‘context specificity’ of sustainability content development. This paper provides an overview of stakeholder reform in Southeast Asian countries and empirically substantiates the relationship between CG and CSD across six countries undergoing such reforms in the region.

Keywords: Southeast Asia; corporate sustainability disclosure (CSD); content analysis; stakeholder reform; corporate governance; sustainable development
Southeast Asia, content analysis, corporate governance, corporate sustainability disclosure (CSD), stakeholder reform, sustainable development.
1030-9616
Tran, Mi
5365ab8d-146f-4b3b-aaca-9adf8c98d3fc
Beddewela, Eshani
1a2e8b56-b06f-4671-b13d-4c0eb368fb4a
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Tran, Mi
5365ab8d-146f-4b3b-aaca-9adf8c98d3fc
Beddewela, Eshani
1a2e8b56-b06f-4671-b13d-4c0eb368fb4a
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b

Tran, Mi, Beddewela, Eshani and Ntim, Collins (2021) Governance and sustainability in Southeast Asia. Accounting Research Journal. (doi:10.1108/ARJ-05-2019-0095).

Record type: Article

Abstract

Purpose – This paper aims to examine the relationship between a diverse set of corporate governance (CG) mechanisms and corporate sustainability disclosures (CSD) in Southeast Asian countries under national stakeholder reform.

Design/ methodology/ approach – Data analysis is based on 171 of the largest companies across six Southeast Asian countries using a 30-item CSD measure.

Findings - The authors find that there are wide variations in the levels of CSD across the countries. The findings indicate that board size, board gender diversity, block ownership and the presence of a sustainability committee are significant determinants of CSD. Additionally, while more stringent stakeholder governance reform motivates firms to publish more sustainability information, it fails to influence the effectiveness of board of directors in promoting CSD.

Practical implications – Findings of this study highlight the essential role internal governance structure plays in monitoring corporate actions and enabling corporations to reduce their legitimacy gap. The findings further encourage regulators and policy makers to question, with utmost importance, the effectiveness of stakeholder reform in making significant organisational changes.

Originality/ value – There is a dearth of studies that examine the CG-CSD nexus in relation to specific institutional characteristics. Existing studies mainly focus on a single country with similar institutional environments, and thus limiting the ability to understand ‘context specificity’ of sustainability content development. This paper provides an overview of stakeholder reform in Southeast Asian countries and empirically substantiates the relationship between CG and CSD across six countries undergoing such reforms in the region.

Keywords: Southeast Asia; corporate sustainability disclosure (CSD); content analysis; stakeholder reform; corporate governance; sustainable development

Text
Governance and Sustainability in SEA - ARJ 19 October 2020 preprint - Accepted Manuscript
Download (140kB)

More information

Accepted/In Press date: 19 October 2020
e-pub ahead of print date: 9 March 2021
Keywords: Southeast Asia, content analysis, corporate governance, corporate sustainability disclosure (CSD), stakeholder reform, sustainable development.

Identifiers

Local EPrints ID: 444827
URI: http://eprints.soton.ac.uk/id/eprint/444827
ISSN: 1030-9616
PURE UUID: 6a07019b-9152-4b45-9f95-2fc10b923b9c
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056

Catalogue record

Date deposited: 05 Nov 2020 17:34
Last modified: 26 Nov 2021 02:27

Export record

Altmetrics

Contributors

Author: Mi Tran
Author: Eshani Beddewela
Author: Collins Ntim ORCID iD

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×