CEO’S characteristics and CSR disclosure: Evidence from Islamic banks across MENA region (early view)
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The purpose of this paper was to explore the relationship between the characteristics of the chief executive officer (CEO) and corporate social responsibility (CSR) of banks operating in the Middle East and North African (MENA) countries. To test the study hypotheses, a multiple linear regression model was used to investigate this relationship applying data from a sample of 97 Islamic banks operating in the MENA region for the 2015 -2019 period. We carried out extensive robustness checks to support the result. The reached empirical results prove to indicate well that both of CEO's overconfidence, experience and education appear to have a significantly positive effect on the CSR disclosure. Furthermore, the results of multiple linear regressions showed that older CEO’s have a negative and significant impact on the level of CSR disclosure. This research bridges the gap between theory and practice in many aspects. Thus, although a substantial volume of research has examined sustainable advantage, one vital aspect of CSR has been largely unexplored. Filling this void in the literature, the interaction between CEO’s characteristics and CSR disclosure is investigated. Islamic banks' growing attention on explicit CSR disclosure may add to improve social well-being in emerging markets.
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