The Impact of Ownership Concentration and Audit Committees Characteristics on Corporate Social Responsibility Disclosure in Jordanian Public Corporations: An Empirical Study

Abstract

This study investigates the impact of ownership concentration and audit committees (AC) characteristics on the level of corporate social responsibility (CSR) disclosure, using a sample of Jordanian public corporations listed on Amman Stock Exchange during the period 2014-2016. Using multiple linear regression analysis, the study finds that AC independence, AC meetings, and AC ownership have a statistically significant positive influence on the level of CSR disclosure. A negative impact of ownership concentration on the level of CSR disclosure is also documented. However, there is no evidence that AC characteristics such as AC size and AC financial expertise affect the level of CSR disclosure.