Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran.
The objective of this study is to examine the impact of corporate governance practices on corporate social responsibility of the listed banks, finance and insurance companies in Sri Lanka over the period of 2013 to 2017. A sample of 20 firms out of 72 banks, finance and insurance firms listed on the...
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| Format: | Article |
| Language: | English |
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Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM)
2019
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| Online Access: | https://ir.uitm.edu.my/id/eprint/29279/ |
| _version_ | 1848807194900824064 |
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| author | Kengatharan, Lingesiya Sivakaran, Thangarasa |
| author_facet | Kengatharan, Lingesiya Sivakaran, Thangarasa |
| author_sort | Kengatharan, Lingesiya |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | The objective of this study is to examine the impact of corporate governance practices on corporate social responsibility of the listed banks, finance and insurance companies in Sri Lanka over the period of 2013 to 2017. A sample of 20 firms out of 72 banks, finance and insurance firms listed on the Colombo Stock Exchange was considered for this study. The study utilized secondary data which were collected from annual reports of the sampled firm. Corporate social responsibility was measured by a 40-item disclose index. Corporate governance practices were measured by board size, board independence, women on board and size of audit committee. Return on assets and firm size were considered as control variables. Results of the study revealed that independent directors, return on assets and firm size have significantly positively influenced corporate social responsibility. Board size, women on the board and size of audit committee have not shown any significant impact on corporate social responsibility. The result of this study is deemed to benefit external investors and shareholders who will be able to know that how the firm committed their Corporate Social Responsible activities rather than profit maximization. Further the finding is useful for interested people such as public, government, and other financial institutions. Moreover, it will help to future researchers for further investigation related to this topic. |
| first_indexed | 2025-11-14T22:38:57Z |
| format | Article |
| id | uitm-29279 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:38:57Z |
| publishDate | 2019 |
| publisher | Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-292792020-04-08T09:38:55Z https://ir.uitm.edu.my/id/eprint/29279/ Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. apmaj Kengatharan, Lingesiya Sivakaran, Thangarasa Financial management. Business finance. Corporation finance The objective of this study is to examine the impact of corporate governance practices on corporate social responsibility of the listed banks, finance and insurance companies in Sri Lanka over the period of 2013 to 2017. A sample of 20 firms out of 72 banks, finance and insurance firms listed on the Colombo Stock Exchange was considered for this study. The study utilized secondary data which were collected from annual reports of the sampled firm. Corporate social responsibility was measured by a 40-item disclose index. Corporate governance practices were measured by board size, board independence, women on board and size of audit committee. Return on assets and firm size were considered as control variables. Results of the study revealed that independent directors, return on assets and firm size have significantly positively influenced corporate social responsibility. Board size, women on the board and size of audit committee have not shown any significant impact on corporate social responsibility. The result of this study is deemed to benefit external investors and shareholders who will be able to know that how the firm committed their Corporate Social Responsible activities rather than profit maximization. Further the finding is useful for interested people such as public, government, and other financial institutions. Moreover, it will help to future researchers for further investigation related to this topic. Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM) 2019-08 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29279/1/29279.pdf Kengatharan, Lingesiya and Sivakaran, Thangarasa (2019) Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. (2019) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29.html>, 14 (2). pp. 115-138. ISSN 2550-1631 https://apmaj.uitm.edu.my/ |
| spellingShingle | Financial management. Business finance. Corporation finance Kengatharan, Lingesiya Sivakaran, Thangarasa Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title | Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title_full | Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title_fullStr | Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title_full_unstemmed | Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title_short | Impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in Sri Lanka / Lingesiya Kengatharan and Thangarasa Sivakaran. |
| title_sort | impact of corporate governance practices on corporate social responsibility: evidence from listed banks, finance and insurance companies in sri lanka / lingesiya kengatharan and thangarasa sivakaran. |
| topic | Financial management. Business finance. Corporation finance |
| url | https://ir.uitm.edu.my/id/eprint/29279/ https://ir.uitm.edu.my/id/eprint/29279/ |