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Board Diversity and Corporate Social Disclosure: Evidence from Vietnam

Author

Listed:
  • Trang Cam Hoang

    (Ton Duc Thang University)

  • Indra Abeysekera

    (S P Jain School of Global Management)

  • Shiguang Ma

    (University of Wollongong)

Abstract

Debates around sound corporate governance propose board diversity as a key attribute to sufficiently challenge executive management for stakeholder engagement. This study contributes to this debate by empirically investigating the effect of board diversity on corporate social disclosure (CSD) of Vietnamese listed firms. The study finds a significantly positive effect of diversity-in-boards (dissimilarities among directors within a board, i.e., demographic attributes of board members) on CSD while diversity-of-boards (dissimilarities among firm boards, i.e., board structure) has no effect on CSD. The results contribute by showing that a single theoretical approach can provide an adequate explanation for board diversity. The study contributes methodologically by demonstrating the design and measurement of board diversity indices, and a three-dimensional stakeholder-relevant CSD index. The findings benefit regulators and corporate executives in better understanding firms’ CSD practices and stakeholders’ expectations.

Suggested Citation

  • Trang Cam Hoang & Indra Abeysekera & Shiguang Ma, 2018. "Board Diversity and Corporate Social Disclosure: Evidence from Vietnam," Journal of Business Ethics, Springer, vol. 151(3), pages 833-852, September.
    • Handle: RePEc:kap:jbuset:v:151:y:2018:i:3:d:10.1007_s10551-016-3260-1
    DOI: 10.1007/s10551-016-3260-1
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    3. Poletti-Hughes, Jannine & Briano-Turrent, Guadalupe C., 2019. "Gender diversity on the board of directors and corporate risk: A behavioural agency theory perspective," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 80-90.
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    6. Faisal Hameed & Mohammad Alfaraj & Khizar Hameed, 2023. "The Association of Board Characteristics and Corporate Social Responsibility Disclosure Quality: Empirical Evidence from Pakistan," Sustainability, MDPI, vol. 15(24), pages 1-24, December.
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    10. Yingkai Tang & Aswad Akram & Lucian‐Ionel Cioca & Syed Ghulam Meran Shah & Muhammad Asim Ali Qureshi, 2021. "Whether an innovation act as a catalytic moderator between corporate social responsibility performance and stated owned and non‐state owned enterprises' performance or not? An evidence from Pakistani ," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1127-1141, May.
    11. Shuchi Pahuja & Anita Agrawal, 2023. "Board Attributes and Corporate Social Responsibility: A Systematic Literature Review and Future Research Perspectives," Indian Journal of Corporate Governance, , vol. 16(1), pages 108-138, June.
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    13. Asad, Muhammad & Akbar, Saeed & Li, Jing & Shah, Syed Zulfiqar Ali, 2023. "Board diversity and corporate propensity to R&D spending," International Review of Financial Analysis, Elsevier, vol. 89(C).
    14. Ionica Oncioiu & Delia-Mioara Popescu & Anca Elena Aviana & Alina Șerban & Florica Rotaru & Mihai Petrescu & Andreea Marin-Pantelescu, 2020. "The Role of Environmental, Social, and Governance Disclosure in Financial Transparency," Sustainability, MDPI, vol. 12(17), pages 1-16, August.
    15. Nguyen Van Linh & Dang Ngoc Hung & Dang Thai Binh & Vu Thi Thuy Van & Nguyen Thi Mai Anh, 2019. "The Effects of Business Efficiency to Disclose Information of Sustainable Development: The Case of Vietnam," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(4), pages 547-558, April.
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