ESG disclosure, board diversity and ownership: Did the revolution make a difference in Egypt?
نویسندگان
چکیده
Egypt witnessed radical and unexpected changes in the political, social cultural environment that came as a result of Arab Spring. Since revolution caused paradigm shift so many socio-economic aspects, it is plausible also dramatic relationships board, ownership, environmental, social, governance (ESG) practices different ways. Accordingly, understanding corporate largest state MENA region following Spring huge benefit. Using 2011 Egyptian exogenous shock, this study empirically examines effects board diversity ownership structure on ESG disclosure index Stock Exchange (EGX) listed firms for pre-revolution (2007–2011) post-revolution (2012–2014) periods. 160 observations 99 periods, we document significant positive effect national period. This disappears In contrast, find gender shows no determining both pre- We additionally variables have impact However, not carried forward to Further analysis moderating suggests presence female members can diminish effective role foreign towards disclosure. These findings provide policymakers, regulators, investors, other stakeholders with broader perspective when aiming ensure an optimal level from companies or emerging markets.
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2022
ISSN: ['1727-9232', '1810-0368', '1810-3057']
DOI: https://doi.org/10.22495/cocv19i2art6