Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide
ISSN: 2049-372X
Article publication date: 12 May 2022
Issue publication date: 10 July 2023
Abstract
Purpose
This study aims to measure the relationship between corporate governance and non-financial reporting (NFR) in higher education institutions (HEIs). Board effectiveness, student engagement, audit quality, Vice-Chancellor (VC) pay and VC gender are targeted for analysis.
Design/methodology/approach
This study is based on content analysis. The authors used the EU NFR Directive (2014/95/EU) to measure NFR. This includes environmental, corporate social responsibility, human rights, corporate board effectiveness and corruption and bribery. Cross-sectional data was collected from 89 HEIs worldwide across 15 different countries over three years. Content analysis, the weighted scoring method and panel data analysis are used to obtain the results.
Findings
Through a neo-institutional theoretical lens, this study provides a broader understanding of NFR content disclosure practices within HEIs. The findings reveal that the audit quality, VC pay and VC gender are significantly and positively associated with NFR content disclosure. However, board effectiveness has a significant negative impact on NFR content disclosure. More interestingly, the findings reveal that student engagement has an insignificant association with NFR content disclosure and there significant difference on the level of NFR content disclosure across universities situated in the different geographical region such as the USA, Australia, the UK and EU, Asia and Canada. The findings have important implications for regulators and policymakers. The evidence appears to be robust when controlling for possible endogeneities.
Originality/value
The study contributes to the literature on corporate non-financial disclosure as it provides new insights of corporate governance mechanisms and NFR disclosure within HEIs.
Keywords
Acknowledgements
Erratum: It has come to the attention of the publisher that the article, “The impact of corporate governance on integrated reporting (IR) quality and sustainability performance: evidence from listed companies in South Africa” by Mahlaximi Adhikari Parajuli, Mehul Chhatbar and Abeer Hassan published in Meditari Accountancy Research was published under the incorrect title. The correct title for this article is “Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide”.
The keywords for the article were also incorrect. The correct keywords are “Non-financial reporting”, “Higher education institutions”, “Neo-institutional theory”, “Panel data” and “Corporate governance”. These errors were introduced in the editorial process and have now been corrected in the online version.
The publisher sincerely apologises for these errors and for any inconvenience caused. When citing the article, please use: Adhikari Parajuli, M., Chhatbar, M. and Hassan, A. (2023), “Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide”, Meditari Accountancy Research, Vol. 31 No. 4, pp. 1038-1067, https://doi.org/10.1108/MEDAR-10-2021-1467
Citation
Adhikari Parajuli, M., Chhatbar, M. and Hassan, A. (2023), "Measuring the impact of corporate governance on non-financial reporting in the top HEIs worldwide", Meditari Accountancy Research, Vol. 31 No. 4, pp. 1038-1067. https://doi.org/10.1108/MEDAR-10-2021-1467
Publisher
:Emerald Publishing Limited
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