Corporate philanthropy disclosure: Does board’s education matters?

• Main Authors: Md Hashim, Mohd Farid Asraf, Md Yusof, Mohd ‘Atef
• Format: Article
• Language: English
• Published: 2016
• Subjects: HF5601 Accounting
• Online Access: http://repo.uum.edu.my/17398/1/JSMAP%20325-341.pdf; http://repo.uum.edu.my/17398/; http://edupediapublications.org/journals/index.php/JSMaP/article/view/4085
• Institution: Universiti Utara Malaysia

The study on corporate philanthropy (CP) disclosure is limited and need to be given further attention.Thus, the objective of this paper is to examine the importance of board of directors’ (BOD) education, in addition to firm-specific factors, as possible determinants of CP disclosure of Malaysian public listed companies.Three BODs’ education characteristics were considered namely the level of education, field of education and place of education.Data for the study was collected using secondary data.A CP checklist was used to measure the level of CP disclosure in the annual reports of 296 companies listed on Bursa Malaysia for the year 2013.By employing multiple regressions, the results indicated that the board’s level of education is statistically significant in explaining the disclosure of CP. The results also displayed no significant relationship between field of study, place of education and CP disclosure. It is expected that this study will have important policy implication that enhances the transparency and accountability pertaining the corporate givings.