Skip to main content

Research Repository

Advanced Search

Corporate Governance and Corporate Political Responsibility

Ali, Hesham; Adegbite, Emmanuel; Nguyen, Tam Huy

Corporate Governance and Corporate Political Responsibility Thumbnail


Assistant Professor

Professor in Accounting and Corporate Governance

Tam Huy Nguyen


This study investigates the pivotal policy question of whether a firm’s corporate governance influences its political spending disclosures. Using a sample of S&P 500 firms from 2011 to 2019, we find empirical evidence that a board of directors’ monitoring and resource provision roles affect a firm’s political spending disclosure. Extending agency theory-driven expectations, we provide evidence that measures of a board’s monitoring role such as female monitoring directors, shorter board tenure, audit committee size, audit committee meetings, and audit committee education enhance a firm’s political spending disclosures. Second, drawing from resource dependence theory and examining a board’s resource provisions, we find evidence that female advisory directors, CEO duality, additional directorships, and audit committee characteristics (i.e., size, number of meetings, age, and education) promote political spending disclosures. The study contributes to corporate governance and corporate political activity literatures by outlining different types of governance that may drive a firm’s political spending disclosures, a key component of a firm’s political responsibility.

Journal Article Type Article
Acceptance Date Jan 22, 2023
Online Publication Date Mar 13, 2023
Publication Date 2023-09
Deposit Date Jan 25, 2023
Publicly Available Date Mar 13, 2023
Journal Business and Society
Print ISSN 0007-6503
Electronic ISSN 1552-4205
Peer Reviewed Peer Reviewed
Volume 62
Issue 7
Pages 1496–1540
Keywords Political Spending Disclosure; Corporate Political Responsibility; Political Transparency; Corporate Political Activity; Corporate Governance
Public URL
Publisher URL


You might also like

Downloadable Citations