The Influence of Board Structure and Ownership Concentration on GRI Reporting

Keysa Manuela Cunha de Mascena, Simone R. Barakat, Giuliana Isabella, Adalberto A. Fischmann

Abstract


Purpose – The purpose of this paper is to investigate the relationship
between corporate governance structure and GRI reporting. More
specifically, the study seeks to analyse board independence, board
size and ownership concentration and their relationships with GRI
reporting.


Design/methodology/approach – The hypotheses of the study were
tested in a sample of 287 Brazilian companies listed on the B3, the
Brazilian stock exchange, using logistic regression models. Data from
2013 were collected from the Econoinfo and GRI databases.

Findings –The findings show that there is a positive relationship
between both board independence and GRI reporting and board size
and GRI reporting, and a neutral relationship between ownership
concentration and GRI reporting. These results indicate that the
corporate governance structure influences a company’s decision to
engage in social issue and stakeholders’ relationship activities.


Originality/value – The contribution of this study is it presents
theoretical arguments and empirical evidence regarding the influence
of corporate governance structure on CSD beyond the Anglo-Saxon
context. The results show that good corporate governance practices
cannot be generalized to different contexts.


Keywords


Corporate Governance; Ownership Structure; Board of Directors; Corporate Social Disclosure; GRI Reporting.



DOI: https://doi.org/10.7819/rbgn.v22i3.4075

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