Assurance of corporate social responsibility reports: Examining the role of internal and external corporate governance mechanisms

Isabel‐María García‐Sánchez, Nazim Hussain*, Sana Akbar Khan, Jennifer Martínez‐Ferrero

*Bijbehorende auteur voor dit werk

Onderzoeksoutput: ArticleAcademicpeer review

125 Downloads (Pure)


This article examines the effects of various internal (board independence, gender diversity, and specialized sustainability committee) and external (analysts' coverage and institutional ownership) corporate governance mechanisms on firms' decision to purchase external assurance for their corporate social responsibility (CSR) report. Using an international sample, we show that board diversity, the existence of a CSR committee, analysts' coverage, and institutional investors increase the probability of assuring a CSR report, while board independence decreases it. The findings further suggest that several configurations of these mechanisms complement each other in improving the credibility of nonfinancial disclosure through assurance. However, other configurations do not work in tandem, supporting the existence of substitution effects. Overall, bundling various governance mechanisms effectively could be more useful in formulating and implementing a corporate strategy than individual mechanisms.
Originele taal-2English
Pagina's (van-tot)89-106
Aantal pagina's18
TijdschriftCorporate Social Responsibility and Environmental Management
Nummer van het tijdschrift1
Vroegere onlinedatum21-jul.-2021
StatusPublished - jan.-2022

Citeer dit