CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia

Only a few studies have investigated the association between the characteristics of the chief executive officer (CEO) (i.e., tenure and local or expatriate) and corporate social responsibility (CSR) reporting. Our study adds to the fledgling literature by providing new evidence from Saudi Arabia. Gi...

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Autores principales:	Shaker Dahan AL-Duais, Ameen Qasem, Wan Nordin Wan-Hussin, Hasan Mohamad Bamahros, Murad Thomran, Abdulsalam Alquhaif
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	CEO tenure foreign CEO family ownership corporate social responsibility Saudi vision 2030 Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/8e22b6c7d4114e8cb72e6e8decc9184b
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spelling	oai:doaj.org-article:8e22b6c7d4114e8cb72e6e8decc9184b2021-11-11T19:48:39ZCEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia10.3390/su1321122372071-1050https://doaj.org/article/8e22b6c7d4114e8cb72e6e8decc9184b2021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12237https://doaj.org/toc/2071-1050Only a few studies have investigated the association between the characteristics of the chief executive officer (CEO) (i.e., tenure and local or expatriate) and corporate social responsibility (CSR) reporting. Our study adds to the fledgling literature by providing new evidence from Saudi Arabia. Given the dominance of family control among Saudi Arabian listed firms, additionally, this study examined the moderating effect of family ownership on the CEO-CSR relationship. Using CSR scores from Bloomberg database from 2010 to 2019 and ordinary least squares (OLS) regression, the findings reveal that the association between CEO tenure and CSR reporting is positively significant; however, the association between CEO nationality and CSR is not significant. In addition, the findings indicate that family ownership is an important contingency factor that explains the association between CEO tenure and CEO nationality, and CSR reporting. Our study contributes to an emerging line of CSR research that investigates the effects of foreign CEOs on CSR transparency, and supports prior evidence on the benefits to investors of having long-serving CEO and the costs of family entrenchment.Shaker Dahan AL-DuaisAmeen QasemWan Nordin Wan-HussinHasan Mohamad BamahrosMurad ThomranAbdulsalam AlquhaifMDPI AGarticleCEO tenureforeign CEOfamily ownershipcorporate social responsibilitySaudi vision 2030Environmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12237, p 12237 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	CEO tenure foreign CEO family ownership corporate social responsibility Saudi vision 2030 Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	CEO tenure foreign CEO family ownership corporate social responsibility Saudi vision 2030 Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Shaker Dahan AL-Duais Ameen Qasem Wan Nordin Wan-Hussin Hasan Mohamad Bamahros Murad Thomran Abdulsalam Alquhaif CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
description	Only a few studies have investigated the association between the characteristics of the chief executive officer (CEO) (i.e., tenure and local or expatriate) and corporate social responsibility (CSR) reporting. Our study adds to the fledgling literature by providing new evidence from Saudi Arabia. Given the dominance of family control among Saudi Arabian listed firms, additionally, this study examined the moderating effect of family ownership on the CEO-CSR relationship. Using CSR scores from Bloomberg database from 2010 to 2019 and ordinary least squares (OLS) regression, the findings reveal that the association between CEO tenure and CSR reporting is positively significant; however, the association between CEO nationality and CSR is not significant. In addition, the findings indicate that family ownership is an important contingency factor that explains the association between CEO tenure and CEO nationality, and CSR reporting. Our study contributes to an emerging line of CSR research that investigates the effects of foreign CEOs on CSR transparency, and supports prior evidence on the benefits to investors of having long-serving CEO and the costs of family entrenchment.
format	article
author	Shaker Dahan AL-Duais Ameen Qasem Wan Nordin Wan-Hussin Hasan Mohamad Bamahros Murad Thomran Abdulsalam Alquhaif
author_facet	Shaker Dahan AL-Duais Ameen Qasem Wan Nordin Wan-Hussin Hasan Mohamad Bamahros Murad Thomran Abdulsalam Alquhaif
author_sort	Shaker Dahan AL-Duais
title	CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
title_short	CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
title_full	CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
title_fullStr	CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
title_full_unstemmed	CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia
title_sort	ceo characteristics, family ownership and corporate social responsibility reporting: the case of saudi arabia
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/8e22b6c7d4114e8cb72e6e8decc9184b
work_keys_str_mv	AT shakerdahanalduais ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia AT ameenqasem ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia AT wannordinwanhussin ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia AT hasanmohamadbamahros ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia AT muradthomran ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia AT abdulsalamalquhaif ceocharacteristicsfamilyownershipandcorporatesocialresponsibilityreportingthecaseofsaudiarabia
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CEO Characteristics, Family Ownership and Corporate Social Responsibility Reporting: The Case of Saudi Arabia

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