The impact of corporate governance on the extent of sustainability reporting among state-owned enterprises

Abstract

The study aims to investigate the impact of corporate governance on sustainability reporting among State-Owned Entities (SOEs). The study is cross-sectional. Data were collected through a questionnaire survey of 119 SOEs in Ghana and were analysed using logistic regression analysis. The findings indicate that the extent of sustainability reporting among SOEs in Ghana is low. The results also show that SOEs in Ghana report more sustainability dimensional information but not total sustainability reporting. Similarly, the board size, CSR committee, and audit committee size have a positive and statistically significant impact on the extent of total sustainability reporting. The study comprised a sample of SOEs in Ghana and hence the results are generalisable only to such unique hybrid organisations in the Ghanaian context. Secondly, the study was based on a questionnaire survey, which may suffer from consistency and reliability. Nonetheless, the findings imply that sustainability reporting is low among SOEs in Ghana. There is a need for change in board composition and structure in the SOEs, and pragmatic effort by the authorities to intensify policies and education in sustainability reporting. The study contributes to the extant literature on corporate governance and sustainability reporting nexus. This broadens our understanding of how corporate boards influence sustainability reporting.

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ORCID for Ven Tauringana: orcid.org/0000-0002-1433-324X

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