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Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir

The purpose of this study is to propose a framework and thereafter examine the relationship among the board of directors’ characteristics, internal control mechanisms, and corporate sustainability performance. In particular, it aims to uncover how the board specific characteristics influence interna...

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Main Author:	A N M Asaduzzaman , Fakir
Format:	Thesis
Published:	2020
Subjects:	HF5601 Accounting
Online Access:	http://studentsrepo.um.edu.my/13793/2/ANM.pdf http://studentsrepo.um.edu.my/13793/1/A_N_M_Asaduzzaman.pdf http://studentsrepo.um.edu.my/13793/
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spelling	my.um.stud.137932023-05-14T19:11:38Z Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir A N M Asaduzzaman , Fakir HF5601 Accounting The purpose of this study is to propose a framework and thereafter examine the relationship among the board of directors’ characteristics, internal control mechanisms, and corporate sustainability performance. In particular, it aims to uncover how the board specific characteristics influence internal control, which, ultimately, would enhance the sustainability performance of publicly listed companies. The premise of the resource dependence theory is utilized to identify the board characteristics that may influence the sustainability performance; namely, size, composition, leadership, ownership, diversity, and expertise. Inspired by the fit as mediation notion of contingency theory, the mediating role of internal control mechanisms, proxied by enterprise risk management (ERM) and management control systems (MCS), is also examined in this relationship. The majority of the previous studies concentrated on a few particular dimensions of sustainability like environmental and social aspects, whereas the governance and economic aspects remain unexplored in the literature. This study fills this important research gap through holistically conceptualizing sustainability performance. In addition to that interaction between corporate governance variables and sustainability is an under-researched area. This study put some light on it. The analysis finds support for board ownership and board expertise directly and positively influencing sustainability performance in Bangladesh context while the relationship between board characteristics and sustainability is indirect and mediated through internal control mechanisms. This implies that board members need to pursue specific attributes with a strong internal control environment in place to ensure sustainability performance in developing country context. Keywords: Board of directors’ characteristics; Corporate governance; Sustainability performance; Internal control mechanism; Enterprise risk management (ERM); Management control systems (MCS) 2020-03 Thesis NonPeerReviewed application/pdf http://studentsrepo.um.edu.my/13793/2/ANM.pdf application/pdf http://studentsrepo.um.edu.my/13793/1/A_N_M_Asaduzzaman.pdf A N M Asaduzzaman , Fakir (2020) Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir. PhD thesis, Universiti Malaya. http://studentsrepo.um.edu.my/13793/
institution	Universiti Malaya
building	UM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaya
content_source	UM Student Repository
url_provider	http://studentsrepo.um.edu.my/
topic	HF5601 Accounting
spellingShingle	HF5601 Accounting A N M Asaduzzaman , Fakir Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
description	The purpose of this study is to propose a framework and thereafter examine the relationship among the board of directors’ characteristics, internal control mechanisms, and corporate sustainability performance. In particular, it aims to uncover how the board specific characteristics influence internal control, which, ultimately, would enhance the sustainability performance of publicly listed companies. The premise of the resource dependence theory is utilized to identify the board characteristics that may influence the sustainability performance; namely, size, composition, leadership, ownership, diversity, and expertise. Inspired by the fit as mediation notion of contingency theory, the mediating role of internal control mechanisms, proxied by enterprise risk management (ERM) and management control systems (MCS), is also examined in this relationship. The majority of the previous studies concentrated on a few particular dimensions of sustainability like environmental and social aspects, whereas the governance and economic aspects remain unexplored in the literature. This study fills this important research gap through holistically conceptualizing sustainability performance. In addition to that interaction between corporate governance variables and sustainability is an under-researched area. This study put some light on it. The analysis finds support for board ownership and board expertise directly and positively influencing sustainability performance in Bangladesh context while the relationship between board characteristics and sustainability is indirect and mediated through internal control mechanisms. This implies that board members need to pursue specific attributes with a strong internal control environment in place to ensure sustainability performance in developing country context. Keywords: Board of directors’ characteristics; Corporate governance; Sustainability performance; Internal control mechanism; Enterprise risk management (ERM); Management control systems (MCS)
format	Thesis
author	A N M Asaduzzaman , Fakir
author_facet	A N M Asaduzzaman , Fakir
author_sort	A N M Asaduzzaman , Fakir
title	Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
title_short	Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
title_full	Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
title_fullStr	Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
title_full_unstemmed	Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir
title_sort	board of directors’ characteristics and corporate sustainability performance: a mediating role of internal control mechanisms / a n m asaduzzaman fakir
publishDate	2020
url	http://studentsrepo.um.edu.my/13793/2/ANM.pdf http://studentsrepo.um.edu.my/13793/1/A_N_M_Asaduzzaman.pdf http://studentsrepo.um.edu.my/13793/
_version_	1768007495414972416
score	13.211869

Board of directors’ characteristics and corporate sustainability performance: A mediating role of internal control mechanisms / A N M Asaduzzaman Fakir

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