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Independent directors' background and CSR disclosure

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  • Roberto Fernández‐Gago
  • Laura Cabeza‐García
  • Mariano Nieto

Abstract

This paper extends research on how the background of independent directors may affect the way in which their companies disclose information about corporate social responsibility (CSR). Using a sample of 83 Spanish‐listed firms over the period 2009–2014, the findings of a random effects probit model suggest that, in addition to board independence, having independent directors with political backgrounds and diverse education has a positive impact on their firm's probability of issuing a CSR report following the standards of the Global Reporting Initiative.

Suggested Citation

  • Roberto Fernández‐Gago & Laura Cabeza‐García & Mariano Nieto, 2018. "Independent directors' background and CSR disclosure," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 991-1001, September.
    • Handle: RePEc:wly:corsem:v:25:y:2018:i:5:p:991-1001
    DOI: 10.1002/csr.1515
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