---
_id: '47915'
abstract:
- lang: eng
  text: <jats:title>Abstract</jats:title><jats:p>This study posits that, in the absence
    of extensive mandatory regulation and auditing, differences in internal and external
    corporate governance (CG) mechanisms will explain variations in choices concerning
    corporate sustainability reporting and the interrelated and underlying corporate
    sustainability performance (CSP). Specifically, we explore whether board monitoring
    effectiveness as a major internal CG mechanism and stakeholder engagement as a
    key external CG mechanism are positively associated with sustainability reporting
    quality (SRQ), compliance with generally accepted sustainability reporting standards
    (SRC) and guidelines, and CSP for a sample of Dutch firms that have voluntarily
    disclosed sustainability reports during the years 2012–2016. In addition to these
    direct effects, we also investigate the potential indirect effects of the CG mechanisms
    on SRQ and SRC via CSP and distinguish between nonlagged and lag effects. Using
    structural equation modeling, our results show that, in the short term, monitoring
    effectiveness positively affects SRQ and SRC. Stakeholder engagement positively
    affects SRQ and SRC in the short term and is positively related to SRQ via CSP
    in the longer term, indicating that active stakeholders, over time, may drive
    companies toward more sustainable business conduct. Finally, the findings that
    CSP is positively related to SRQ but negatively related to SRC provide further
    support for signaling and legitimacy theory, respectively. Companies with superior
    CSP disclose high‐quality information on CSP to signal the firm's superior sustainability
    performance, whereas poor performing companies legitimize their inferior CSP by
    complying with more reporting standards, rather than by directly improving their
    underlying CSP.</jats:p>
author:
- first_name: Bart
  full_name: Manning, Bart
  last_name: Manning
- first_name: Geert
  full_name: Braam, Geert
  last_name: Braam
- first_name: Daniel
  full_name: Reimsbach, Daniel
  id: '100169'
  last_name: Reimsbach
citation:
  ama: Manning B, Braam G, Reimsbach D. Corporate governance and sustainable business
    conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring effectiveness and
    stakeholder engagement on corporate sustainability performance and disclosure
    choices. <i>Corporate Social Responsibility and Environmental Management</i>.
    2018;26(2):351-366. doi:<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>
  apa: Manning, B., Braam, G., &#38; Reimsbach, D. (2018). Corporate governance and
    sustainable business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring
    effectiveness and stakeholder engagement on corporate sustainability performance
    and disclosure choices. <i>Corporate Social Responsibility and Environmental Management</i>,
    <i>26</i>(2), 351–366. <a href="https://doi.org/10.1002/csr.1687">https://doi.org/10.1002/csr.1687</a>
  bibtex: '@article{Manning_Braam_Reimsbach_2018, title={Corporate governance and
    sustainable business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring
    effectiveness and stakeholder engagement on corporate sustainability performance
    and disclosure choices}, volume={26}, DOI={<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>},
    number={2}, journal={Corporate Social Responsibility and Environmental Management},
    publisher={Wiley}, author={Manning, Bart and Braam, Geert and Reimsbach, Daniel},
    year={2018}, pages={351–366} }'
  chicago: 'Manning, Bart, Geert Braam, and Daniel Reimsbach. “Corporate Governance
    and Sustainable Business Conduct—&#60;scp&#62;E&#60;/Scp&#62;ffects of Board Monitoring
    Effectiveness and Stakeholder Engagement on Corporate Sustainability Performance
    and Disclosure Choices.” <i>Corporate Social Responsibility and Environmental
    Management</i> 26, no. 2 (2018): 351–66. <a href="https://doi.org/10.1002/csr.1687">https://doi.org/10.1002/csr.1687</a>.'
  ieee: 'B. Manning, G. Braam, and D. Reimsbach, “Corporate governance and sustainable
    business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring effectiveness
    and stakeholder engagement on corporate sustainability performance and disclosure
    choices,” <i>Corporate Social Responsibility and Environmental Management</i>,
    vol. 26, no. 2, pp. 351–366, 2018, doi: <a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>.'
  mla: Manning, Bart, et al. “Corporate Governance and Sustainable Business Conduct—&#60;scp&#62;E&#60;/Scp&#62;ffects
    of Board Monitoring Effectiveness and Stakeholder Engagement on Corporate Sustainability
    Performance and Disclosure Choices.” <i>Corporate Social Responsibility and Environmental
    Management</i>, vol. 26, no. 2, Wiley, 2018, pp. 351–66, doi:<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>.
  short: B. Manning, G. Braam, D. Reimsbach, Corporate Social Responsibility and Environmental
    Management 26 (2018) 351–366.
date_created: 2023-10-10T10:00:18Z
date_updated: 2023-10-30T11:32:48Z
department:
- _id: '186'
- _id: '815'
doi: 10.1002/csr.1687
intvolume: '        26'
issue: '2'
keyword:
- Management
- Monitoring
- Policy and Law
- Strategy and Management
- Development
language:
- iso: eng
page: 351-366
publication: Corporate Social Responsibility and Environmental Management
publication_identifier:
  issn:
  - 1535-3958
  - 1535-3966
publication_status: published
publisher: Wiley
status: public
title: Corporate governance and sustainable business conduct—<scp>E</scp>ffects of
  board monitoring effectiveness and stakeholder engagement on corporate sustainability
  performance and disclosure choices
type: journal_article
user_id: '21810'
volume: 26
year: '2018'
...
---
_id: '47916'
abstract:
- lang: eng
  text: <jats:title>Abstract</jats:title><jats:p>This study posits that, in the absence
    of extensive mandatory regulation and auditing, differences in internal and external
    corporate governance (CG) mechanisms will explain variations in choices concerning
    corporate sustainability reporting and the interrelated and underlying corporate
    sustainability performance (CSP). Specifically, we explore whether board monitoring
    effectiveness as a major internal CG mechanism and stakeholder engagement as a
    key external CG mechanism are positively associated with sustainability reporting
    quality (SRQ), compliance with generally accepted sustainability reporting standards
    (SRC) and guidelines, and CSP for a sample of Dutch firms that have voluntarily
    disclosed sustainability reports during the years 2012–2016. In addition to these
    direct effects, we also investigate the potential indirect effects of the CG mechanisms
    on SRQ and SRC via CSP and distinguish between nonlagged and lag effects. Using
    structural equation modeling, our results show that, in the short term, monitoring
    effectiveness positively affects SRQ and SRC. Stakeholder engagement positively
    affects SRQ and SRC in the short term and is positively related to SRQ via CSP
    in the longer term, indicating that active stakeholders, over time, may drive
    companies toward more sustainable business conduct. Finally, the findings that
    CSP is positively related to SRQ but negatively related to SRC provide further
    support for signaling and legitimacy theory, respectively. Companies with superior
    CSP disclose high‐quality information on CSP to signal the firm's superior sustainability
    performance, whereas poor performing companies legitimize their inferior CSP by
    complying with more reporting standards, rather than by directly improving their
    underlying CSP.</jats:p>
author:
- first_name: Bart
  full_name: Manning, Bart
  last_name: Manning
- first_name: Geert
  full_name: Braam, Geert
  last_name: Braam
- first_name: Daniel
  full_name: Reimsbach, Daniel
  id: '100169'
  last_name: Reimsbach
citation:
  ama: Manning B, Braam G, Reimsbach D. Corporate governance and sustainable business
    conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring effectiveness and
    stakeholder engagement on corporate sustainability performance and disclosure
    choices. <i>Corporate Social Responsibility and Environmental Management</i>.
    2018;26(2):351-366. doi:<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>
  apa: Manning, B., Braam, G., &#38; Reimsbach, D. (2018). Corporate governance and
    sustainable business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring
    effectiveness and stakeholder engagement on corporate sustainability performance
    and disclosure choices. <i>Corporate Social Responsibility and Environmental Management</i>,
    <i>26</i>(2), 351–366. <a href="https://doi.org/10.1002/csr.1687">https://doi.org/10.1002/csr.1687</a>
  bibtex: '@article{Manning_Braam_Reimsbach_2018, title={Corporate governance and
    sustainable business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring
    effectiveness and stakeholder engagement on corporate sustainability performance
    and disclosure choices}, volume={26}, DOI={<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>},
    number={2}, journal={Corporate Social Responsibility and Environmental Management},
    publisher={Wiley}, author={Manning, Bart and Braam, Geert and Reimsbach, Daniel},
    year={2018}, pages={351–366} }'
  chicago: 'Manning, Bart, Geert Braam, and Daniel Reimsbach. “Corporate Governance
    and Sustainable Business Conduct—&#60;scp&#62;E&#60;/Scp&#62;ffects of Board Monitoring
    Effectiveness and Stakeholder Engagement on Corporate Sustainability Performance
    and Disclosure Choices.” <i>Corporate Social Responsibility and Environmental
    Management</i> 26, no. 2 (2018): 351–66. <a href="https://doi.org/10.1002/csr.1687">https://doi.org/10.1002/csr.1687</a>.'
  ieee: 'B. Manning, G. Braam, and D. Reimsbach, “Corporate governance and sustainable
    business conduct—&#60;scp&#62;E&#60;/scp&#62;ffects of board monitoring effectiveness
    and stakeholder engagement on corporate sustainability performance and disclosure
    choices,” <i>Corporate Social Responsibility and Environmental Management</i>,
    vol. 26, no. 2, pp. 351–366, 2018, doi: <a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>.'
  mla: Manning, Bart, et al. “Corporate Governance and Sustainable Business Conduct—&#60;scp&#62;E&#60;/Scp&#62;ffects
    of Board Monitoring Effectiveness and Stakeholder Engagement on Corporate Sustainability
    Performance and Disclosure Choices.” <i>Corporate Social Responsibility and Environmental
    Management</i>, vol. 26, no. 2, Wiley, 2018, pp. 351–66, doi:<a href="https://doi.org/10.1002/csr.1687">10.1002/csr.1687</a>.
  short: B. Manning, G. Braam, D. Reimsbach, Corporate Social Responsibility and Environmental
    Management 26 (2018) 351–366.
date_created: 2023-10-10T10:00:19Z
date_updated: 2023-10-30T11:33:14Z
department:
- _id: '186'
- _id: '815'
doi: 10.1002/csr.1687
intvolume: '        26'
issue: '2'
keyword:
- Management
- Monitoring
- Policy and Law
- Strategy and Management
- Development
language:
- iso: eng
page: 351-366
publication: Corporate Social Responsibility and Environmental Management
publication_identifier:
  issn:
  - 1535-3958
  - 1535-3966
publication_status: published
publisher: Wiley
status: public
title: Corporate governance and sustainable business conduct—<scp>E</scp>ffects of
  board monitoring effectiveness and stakeholder engagement on corporate sustainability
  performance and disclosure choices
type: journal_article
user_id: '21810'
volume: 26
year: '2018'
...