The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms
Purpose – Drawing on agency theory and legitimacy theory perspectives, the purpose of this paper isto investigate the influence of board characteristics on sustainability reporting of listed companies inthe Colombo Stock Exchange (CSE), Sri Lanka.Design/methodology/approach – A sample of 148 listed...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Emerald Group Publishing Limited
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/31684 |
| _version_ | 1848753450314104832 |
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| author | Shamil, M. Shaikh, Junaid Ho, Poh-Ling Krishnan, Anbalagan |
| author_facet | Shamil, M. Shaikh, Junaid Ho, Poh-Ling Krishnan, Anbalagan |
| author_sort | Shamil, M. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose – Drawing on agency theory and legitimacy theory perspectives, the purpose of this paper isto investigate the influence of board characteristics on sustainability reporting of listed companies inthe Colombo Stock Exchange (CSE), Sri Lanka.Design/methodology/approach – A sample of 148 listed companies was drawn from the CSE usingstratified random sampling method and data were collected from the 2012 annual reports. Theproposed hypotheses were tested using a hierarchical binary logistic regression.Findings – This study documents that board size and dual leadership are positively associatedwith sustainability reporting and boards with female directors are negatively associated withsustainability reporting. This study also found that sustainability reporting is likely to be influencedby firm size and firm growth. Additionally, the study also reveals that younger firms are likelyto adopt sustainability reporting.Originality/value – This is the first study to examine the influence of board characteristicson sustainability reporting in Sri Lanka, considered as a developing economy with an emergingequity market. |
| first_indexed | 2025-11-14T08:24:42Z |
| format | Journal Article |
| id | curtin-20.500.11937-31684 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:24:42Z |
| publishDate | 2014 |
| publisher | Emerald Group Publishing Limited |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-316842017-09-13T15:22:16Z The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms Shamil, M. Shaikh, Junaid Ho, Poh-Ling Krishnan, Anbalagan Corporate governance Board characteristics Agency theory Legitimacy theory Sustainability reporting - Logistic regression Purpose – Drawing on agency theory and legitimacy theory perspectives, the purpose of this paper isto investigate the influence of board characteristics on sustainability reporting of listed companies inthe Colombo Stock Exchange (CSE), Sri Lanka.Design/methodology/approach – A sample of 148 listed companies was drawn from the CSE usingstratified random sampling method and data were collected from the 2012 annual reports. Theproposed hypotheses were tested using a hierarchical binary logistic regression.Findings – This study documents that board size and dual leadership are positively associatedwith sustainability reporting and boards with female directors are negatively associated withsustainability reporting. This study also found that sustainability reporting is likely to be influencedby firm size and firm growth. Additionally, the study also reveals that younger firms are likelyto adopt sustainability reporting.Originality/value – This is the first study to examine the influence of board characteristicson sustainability reporting in Sri Lanka, considered as a developing economy with an emergingequity market. 2014 Journal Article http://hdl.handle.net/20.500.11937/31684 10.1108/ARA-09-2013-0060 Emerald Group Publishing Limited restricted |
| spellingShingle | Corporate governance Board characteristics Agency theory Legitimacy theory Sustainability reporting - Logistic regression Shamil, M. Shaikh, Junaid Ho, Poh-Ling Krishnan, Anbalagan The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title | The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title_full | The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title_fullStr | The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title_full_unstemmed | The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title_short | The Influence of Board Characteristics on Sustainability Reporting: Empirical Evidence from Sri Lankan Firms |
| title_sort | influence of board characteristics on sustainability reporting: empirical evidence from sri lankan firms |
| topic | Corporate governance Board characteristics Agency theory Legitimacy theory Sustainability reporting - Logistic regression |
| url | http://hdl.handle.net/20.500.11937/31684 |