El gobierno corporativo y la responsabilidad social corporativa en el sector bancarioel papel del consejo de administración

  1. Jennifer Martínez-Ferrero 1
  2. Luis-Andrés Vaquero-Cacho 1
  3. Beatriz Cuadrado-Ballesteros 1
  4. Isabel-María García-Sánchez 1
  1. 1 Departamento de Administración y Economía de la Empresa, Facultad de Economía y Empresa, Universidad de Salamanca
Journal:
Investigaciones europeas de dirección y economía de la empresa

ISSN: 1135-2523

Year of publication: 2015

Volume: 21

Issue: 3

Pages: 129-138

Type: Article

DOI: 10.1016/J.IEDEE.2015.01.001 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Investigaciones europeas de dirección y economía de la empresa

Abstract

El artículo muestra una investigación conjunta sobre el consejo de administración de los bancos y sus prácticas en materia de responsabilidad social corporativa. Así, diversas características del consejo de administración de los bancos, concretamente la independencia y diversidad, pueden impactar en su compromiso socialmente responsable. Haciendo uso de una muestra de 159 bancos pertenecientes a nueve países para el periodo 2004-2010, nuestra evidencia sugiere que los bancos caminan por una senda de comportamiento socialmente responsable vinculado a la independencia y diversidad del consejo.

Bibliographic References

  • Acharya V., Philippon T., Richardson M., Roubini N. The financial crisis of 2007-2009: Causes and remedies. Financial Markets, Institutions & Instruments 2009, 18(2):89-137.
  • Adams R., Hermalin B.E., Weisbach M.S. The role of boards of directors in corporate governance: A conceptual framework and survey (No. w14486) 2008, National Bureau of Economic Research.
  • Adams R.B., Mehran H. Corporate performance, board structure and its determinants in the banking industry. Working Paper, SSRN 2005.
  • Aebi V., Sabato G., Schmid M. Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking & Finance 2012, 36(12):3213-3226.
  • Ayuso S., Argandona A. Responsible corporate governance: towards a stakeholder board of directors? Working Paper No. 701 2007, IESE Business School, Barcelona.
  • Basel Committee of Banking supervisión. International convergence of capital measurement and capital standards 2005.
  • Beasley M.S. An empirical analysis of the relation between the board of director composition and financial statement fraud. Accounting Review 1996, 71(4):443-465.
  • Bernardi R., Threadgill V. Women directors and corporate social responsibility. Electronic Journal of Business Ethics and Organization Studies 2010, 15(2):15-21.
  • Branco M.C., Rodrigues L.L. Communication of corporate social responsibility by Portuguese banks: a legitimacy theory perspective. Corporate Communications: An International Journal 2006, 11(3):232-248.
  • Carroll A.B. A three-dimensional conceptual model of corporate performance. Academy of Management Revie 1979, 4(4):497-505.
  • Carpenter M.A., Sanders W.G., Gregersen H.B. Bundling human capital with organizational context: The impact of international assignment experience on multinational firm performance and CEO pay. Academy of Management Journal 2001, 44(3):493-511.
  • Chatterjee C., Lefcovitch A. Corporate social responsibility and banks. Amicus 2009.
  • Coffey B.S., Wang J. Board diversity and managerial control as predictors of corporate social performance. Journal of Business Ethics 1998, 17(14):1595-1603.
  • De Andrés P., Vallelado E. Corporate governance in banking: The role of the board of directors. Journal of Banking & Finance 2008, 32(12):2570-2580.
  • De Andrés P., de la Fuente G., San-Martín P. El director financiero y la decisión de inversión en la empresa española. Universia Business Review 2012, 36:14-31.
  • Dedu V., Chitan G. The influence of internal corporate governance on bank performance-an empirical analysis for Romania. Procedia-Social and Behavioral Sciences 2013, 99:1114-1123.
  • Deegan C. The legitimising effect of social and environmental disclosures - A theoretical foundation. accounting. Auditing & Accountability Journal 2002, 15(3):282-311.
  • Deszo C., Ross D.G. Does female representation in top management improve performance?. A panel data investigation. Strategic Management Journal 2012, 33(9):1072-1089.
  • Eagly A.H., Johnson B.T. Gender and leadership style: a meta-analysis. Psychological Bulletin 1990, 108(2):233-256.
  • Eagly A.H., Johannesen-Schmidt M.C., van Engen M.L. Transformational, transactional, and laissez-faire leadership styles: A meta-analysis comparing women and men. Psychological Bulletin 2003, 129:569-591.
  • Ezat A., El-Masry A. The impact of corporate governance on the timeliness of corporate Internet reporting by Egyptian listed companies. Managerial Finance 2008, 34(12):848-867.
  • Fama E.F., Jensen M.C. Separation of ownership and control. Journal of Law and Economics. 1983, 26(2):301-325.
  • Ferrero-Ferrero I., Fernández-Izquierdo M.Á., Muñoz-Torres M.J. Integrating sustainability into corporate governance: an empirical study on board diversity. Corporate Social Responsibility and Environmental Management 2013.
  • Foos D., Norden L., Weber M. Loan growth and riskiness of banks. Journal of Banking & Finance 2010, 34(12):2929-2940.
  • García-Sanchez I.M., Rodríguez-Domínguez L., Gallego-Álvarez I. Corporate governance and strategic information on the internet, Accounting. Auditing and Accountability Journal 2011, 24(4):471-501.
  • Hendry K., Kiel G.C. The role of the board in firm strategy: integrating agency and organisational control perspectives. Corporate Governance: An International Review 2004, 12(4):500-520.
  • Hill C.W.L., Jones T.M. Stakeholder-agency theory. Journal of Management Studies 1992, 29(2):131-154.
  • Hillman A.J., Dalziel T. Boards of directors and firm performance: integrating agency and resource dependence perspectives. Academy of Management Review 2003, 28(3):383-396.
  • Huang C.J. Corporate governance, corporate social responsibility and corporate performance. Journal of Management & Organization 2010, 16(5):641-655.
  • Ibrahim N.A., Angelidis J.P. Effects of Board memberś gender on level of investment in strategic management and corporate social responsiveness orientation 1991, 208-210.
  • Ibrahim N.A., J.Angelidis J.P. The corporate social responsiveness orientation of board members: Are there differences between inside and outside directors?. Journal of Business Ethics 1995, 14(5):405-410.
  • Ibrahim N.A., Howard D.P., Angelidis J.P. Board members in the service industry: an empirical examination of the relationship between corporate social responsibility orientation and directional type. Journal of Buiness Ethics 2003, 47(4):393-401.
  • John K., Senbetb L.W. Corporate governance and board effectiveness. Journal of Banking & Finance 1998, 22(4):371-403.
  • Kang H., Cheng M., Gray S.J. Corporate governance and board composition: Diversity and independence of Australian boards. Corporate Governance: An International Review 2007, 15(2):194-207.
  • Khan M.H.U.Z. The effect of corporate governance elements on corporate social responsibility (CSR) reporting: empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management 2010, 52(2):82-109.
  • Kesner I.F. Directors' characteristics and committee membership: an investigation of type, occupation, tenure, and gender. Academy of Management Journal 1988, 31:66-84.
  • Konrad A., Kramer V.W. How many women do boards need?. Harvard Business Review 2006, 84(12):22.
  • Krüger, P.. Corporate social responsibility and the board of directors. (2010) Unpublished working paper.
  • Laeven L. Corporate governance: what's special about banks?. Annual Review of Financial Economics 2013, 5(1):63-92.
  • Lane J.C. Ethics of business students: Some marketing perspectives. Journal of Business Ethics 1995, 14(7):571-580.
  • Larcker D.F., Richardson S.A., Tuna I. Corporate governance, accounting outcomes, and organizational performance. The Accounting Review 2007, 82(4):963-1008.
  • Levine R. Finance and growth: theory and evidence. Handbook of economic growth 2005, 1:865-934.
  • Masulis R.W., Wang C., Xie F. Globalizing the boardroom-The effects of foreign directors on corporate governance and firm performance. Journal of Accounting and Economics 2012, 53(3):527-554.
  • Michelon G., Parbonetti A. The effect of corporate governance on sustainability disclosure. Journal of Management & Governance 2012, 16(3):477-509.
  • Morgan D.P. Rating banks: Risk and uncertainty in an opaque industry. American Economic Review 2002, 874-888.
  • O'Donovan G. Environmental disclosures in the annual report: extending the applicability and predictive power of legitimacy theory. Accounting. Auditing & Accountability Journal 2002, 15(3):344-371.
  • Park S.J., Choi S., Kim E.J. The Relationships between Socio-demographic Variables and Concerns about Environmental Sustainability. Corporate Social Responsibility and Environmental Management 2012, 19(6):343-354.
  • Pathan S. Strong boards, CEO power and bank risk-taking. Journal of Banking & Finance 2009, 33(7):1340-1350.
  • Pfeffer J. Size and composition of corporate boards of directors: The organization and its environment. Administrative Science Quarterly 1972, 17(2):218-228.
  • Pfeffer J., Salancik G. The external control of organizations: a resource dependency perspective 1978, Harper and Row, New York, N.Y.
  • Post C., Rahman N., Rubow E. Green Governance: boards of directors' composition and environmental corporate social responsibility. Business Society 2011, 50(1):189-223.
  • Robinson G., Dechant K. Building a business case for diversity. The Academy of Management Executive 1997, 11(3):21-31.
  • Rosener J.B. Women on corporate boards make good business sense. Directorship 2003, 29(5):7-11.
  • Rupley K.H., Brown D., Marshall R.S. Governance, media and the quality of environmental disclosure. Journal of Accounting and Public Policy. 2012, 31(6):610-640.
  • Samaha K., Dahawy K., Hussainey K., Stapleton P. The extent of corporate governance disclosure and its determinants in a developing market: The case of Egypt. Advances in Accounting, incorporating Advances in International Accounting 2012, 28(1):168-178.
  • Sicilian J.I. The relationship of board member diversity and organization performance. Journal of Business Ethics 1996, 15(2):1313-1320.
  • Singh V., Terjesen S., Vinnicombe S. Newly appointed directors in the boardroom: how do women and men differ?. European Management Journal 2008, 26(1):48-58.
  • Stanwick P.A., Stanwick S.D. The relationship between corporate social performance, and organizational size, financial performance, and environmental performance: An empirical examination. Journal of business ethics 1998, 17(2):195-204.
  • Williams R.J. Women on corporate boards of directors and their influence on corporate philanthropy. Journal of Business Ethics 2003, 42(1):1-10.
  • Zahra S.A., Oviatt B.M., Minyard K. Effects of corporate ownership and board structure on corporate social responsibility and financial performance. Academy of Management Proceedings 1993, 1:336-340.