The relationship between corporate governance and community engagement: Evidence from the Australian mining companies

Resources Policy

Volumn 43, Issue , 2015, Pages 28-39

  Lin, Philip T ^a   Li, Bin ^b   Bu, Danlu ^c  

^a XIAMEN UNIVERSITY   (China)

^b GRIFFITH UNIVERSITY   (Australia)

^c SOUTHWESTERN UNIVERSITY OF FINANCE AND ECONOMICS   (China)

Author keywords

Australian mining companies; Community engagement; Corporate governance

Indexed keywords

BOARD SIZE; BOARD STRUCTURES; COMMUNITY ENGAGEMENT; CORPORATE GOVERNANCE; FIRM PERFORMANCE; GOVERNANCE MECHANISMS; INDIGENOUS PEOPLE; MINING COMPANIES;

INDUSTRIAL MANAGEMENT;

CORPORATE STRATEGY; GOVERNANCE APPROACH; INDIGENOUS KNOWLEDGE; INDIGENOUS POPULATION; LOCAL PARTICIPATION; MINING INDUSTRY;

AUSTRALIA;

EID: 84913600319     PISSN: 03014207     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.resourpol.2014.11.004     Document Type: Article

References (68)

1. Ahmed A.S., Duellman S. Accounting conservatism and board of director characteristics: an empirical analysis. J. Account. Econ. 2007, 43:411-437.
2. Arora P., Dharwadkar R. Corporate governance and corporate social responsibility (CSR): the moderating roles of attainment discrepancy and organization slack. Corp. Gov.: Int. Rev. 2011, 19(2):136-152.
3. Azapagic A. Developing a framework for sustainable development indicators for the mining and minerals industry. J. Clean. Prod. 2004, 12(6):639-662.
4. Azapagic A., Perdan S. Indicators of sustainable development for industry: a general framework. Process Saf. Environ. Prot. 2000, 78(4):243-261.
5. Barnea A., Rubin A. Corporate social responsibility as a conflict between shareholders. J. Bus. Ethics 2010, 97:71-86.
6. Baron D., Harjoto M., Jo H. The economics and politics of corporate social performance. Bus. Polit. 2011, 13(2):1-46.
7. Black B.S., Jang H., Kim W. Does corporate governance predict firms[U+05F3] market values? Evidence from Korea. J. Law Econ. Organ. 2006, 22(2):366-413.
8. Bowen F., Newenham-Kahindi A., Herremans I. When suits meet roots: the antecedents and consequences of community engagement strategy. J. Bus. Ethics 2010, 95(2):297-318.
9. Brammer S., Millington A. The effect of stakeholder preferences, organizational structure and industry type on corporate community involvement. J. Bus. Ethics 2003, 45(3):213-226.
10. Brown R., Sarma N. CEO overconfidence, CEO dominance and corporate acquisitions. J. Econ. Bus. 2007, 59(5):358-379.
11. Bourgeois L.J. On the measurement of organizational slack. Acad. Manag. Rev. 1981, 6:29-39.
12. Burke L., Logsdon J.M., Mitchell W., Reiner M., Vogel D. Corporate community involvement in the San Francisco Bay area. Calif. Manag. Rev. 1986, 28(3):122-141.
13. Bushee B. The influence of institutional investors on myopic R&D investment behavior. Account. Rev. 1998, 73:305-333.
14. Calton J., Payne S. Coping with paradox. Bus. Soc. 2003, 42:7-42.
15. Carver J. The promise of governance theory: beyond codes and best practices. Corp. Gov.: Int. Rev. 2007, 15(6):1030-1037.
16. Chekkar-Mansouri, R., Gillet-Monjarret, C., & Martinez, I, 2013. Improving performance understanding with visual presentations: an experimental study. Available at SSRN 2226930.
17. Da Silva Rosa, R., & Izan, H., 2011. The impact of corporate governance compliance on mining IPOs: Working paper. University of Western Australia.
18. Davis, R., & Franks, D.M., 2011. The costs of conflict with local communities in the extractive industry. In: Proceedings of the Seminar on Social Responsibility in Mining, Chile.
19. Edwards F.R., Hubbard R.G. The growth of institutional stock ownership: a promise unfulfilled. J. Appl. Corp. Financ. 2000, 13(3):92-104.
20. El Ghoul S., Guedhami O., Kwok C.C., Mishra D.R. Does corporate social responsibility affect the cost of capital?. J. Bank. Financ. 2011, 35(9):2388-2406.
21. Eng L.L., Mak Y.T. Corporate governance and voluntary disclosure. J. Account. Public Policy 2003, 22(4):325-345.
22. Esteves A. Mining and social development: refocusing community investment using multi-criteria decision analysis. Resour. Policy 2008, 33(1):39-47.
23. Eweje G. The role of MNEs in community development initiatives in developing countries Corporate Social Responsibility at work in Nigeria and South Africa. Bus. Soc. 2006, 45(2):93-129.
24. Firth M., Fung P.M.Y., Rui O.M. Firm performance, governance structure, and top management turnover in a transitional economy. J. Manag. Stud. 2006, 43(6):1289-1330.
25. Goss A., Roberts G.S. The impact of corporate social responsibility on the cost of bank loans. J. Bank. Financ. 2011, 35(7):1794-1810.
26. Harjoto M.A., Jo H. Corporate governance and CSR nexus. J. Bus. Ethics 2011, 100(1):45-67.
27. Harvey, B., & Brereton, D., 2005. Emerging models of community engagement in the Australian minerals industry. In: Proceedings of the Paper Presented at the UN Conference on Engaging Communities.
28. Hillman A., Keim G. Shareholder value, stakeholder management and social issues: what[U+05F3]s the bottom line?. Strateg. Manag. J. 2001, 22:125-139.
29. Hoskisson R.E., Hitt M.A., Johnson R.A., Grossman W. Conflicting voices: the effects of institutional ownership heterogeneity and internal governance on corporate innovation strategies. Acad. Manag. J. 2002, 45:697-716.
30. Humphreys D. A business perspective on community relations in mining. Resour. Policy 2000, 26(3):127-131.
31. Jenkins H. Corporate social responsibility and the mining industry: conflicts and constructs. Corp. Soc. Responsib. Environ. Manag. 2004, 11(1):23-34.
32. Jenkins H., Yakovleva N. Corporate social responsibility in the mining industry: exploring trends in social and environmental disclosure. J. Clean. Prod. 2006, 14(3):271-284.
33. Jensen M., Meckling W. Theory of firm: managerial behavior, agency costs, and capital structure. J. Financ. Econ. 1976, 3:305-360.
34. Jensen M.C. Agency cost of free cash flow, corporate finance, and takeovers. Am. Econ. Rev. 1986, 76:323-329.
35. Jensen M. Value maximization, stakeholder theory, and the corporate objective function. Bus. Ethics Q. 2002, 12:235-256.
36. Jo H., Harjoto M.A. The causal effect of corporate governance on corporate social responsibility. J. Bus. Ethics 2012, 106(1):53-72.
37. Kahn W.A. Toward an agenda for business ethics research. Acad. Manag. Rev. 1990, 15(2):311-328.
38. Kang D.L., Sorensen A.B. Ownership organization and firm performance. Annu. Rev. Sociol. 1999, 25:121-144.
39. Kemp D. Community relations in the global mining industry: exploring the internal dimensions of externally orientated work. Corp. Soc. Responsib. Environ. Manag. 2010, 17(1):1-14.
40. Kemp D., Owen J.R. Community relations and mining: core to business but not "core business". Resour. Policy 2013, 38(4):523-531.
41. Kimber D., Lipton P. Corporate governance and business ethics in the Asia-Pacific region. Bus. Soc. 2005, 44(2):178-210.
42. La Porta R., Lopez-de-Silanes F., Shleifer A. Corporate ownership around the world. J. Financ. 1999, 54:471-517.
43. Larcker D.F., Richardson S.A., Tuna I. Corporate governance, accounting outcomes, and organizational performance. Account. Rev. 2007, 82(4):963-1008.
44. Lin-Hi N., Blumberg I. The relationship between corporate governance, global governance, and sustainable profits: lessons learned from BP. Corp. Gov. 2011, 11(5):571-584.
45. Lockie S., Franetovich M., Sharma S., Rolfe J. Democratisation versus engagement? Social and economic impact assessment and community participation in the coal mining industry of the Bowen Basin, Australia. Impact Assess. Proj. Apprais. 2008, 26(3):177-187.
46. Lowndes V., Pratchett L., Stoker G. Trends in public participation: part 1 - local government perspectives. Public Adm. 2001, 79(1):205-222.
47. Mackenzie C. Boards, incentives and corporate social responsibility: the case for a change of emphasis. Corp. Gov.: Int. Rev. 2007, 15(5):935-943.
48. Mackey A., Mackey T.B., Barney J.B. Corporate social responsibility and firm performance: investor preferences and corporate strategies. Manag. Rev. 2007, 32(3):817-835.
49. Malmendier U., Tate G. CEO overconfidence and corporate investment. J. Finance 2005, 60:2661-2700.
50. Malmendier U., Tate G. Does overconfidence affect corporate investment? CEO overconfidence measures revisited. Eur. Financ. Manag. 2005, 11(5):649-659.
51. Minichilli A., Gabrielsson J., Huse M. Board Evaluations: making a fit between the purpose and the system. Corp. Gov.: Int. Rev. 2007, 15(4):609-622.
52. Moffat K., Zhang A. The paths to social license to operate: an integrative model explaining community acceptance of mining. Resour. Policy 2014, 39(0):61-70.
53. Monks R.A.G., Minow N. Corporate Governance 2004, Blackwell Publishing, Malden, MA.
54. Mtegha H.D., Cawood F.T., Minnitt R.C.A. National minerals policies and stakeholder participation for broad-based development in the southern African development community (SADC). Resour. Policy 2006, 31(4):231-238.
55. Mudd G.M. Global trends in gold mining: towards quantifying environmental and resource sustainability. Resour. Policy 2007, 32(1-2):42-56.
56. Mutti D., Yakovleva N., Vazquez-Brust D., Di Marco M.H. Corporate social responsibility in the mining industry: perspectives from stakeholder groups in Argentina. Resour. Policy 2012, 37(2):212-222.
57. Neubaum D.O., Zahra S.A. Institutional ownership and corporate social performance: the moderating effects of investment horizon, activism, and coordination. J. Manag. 2006, 32:108.
58. Owen J.R., Kemp D. Assets, capitals, and resources frameworks for corporate community development in mining. Bus. Soc. 2012, 51(3):382-408.
59. Parsons R. We are all stakeholders now: the influence of western discourses of "community engagement" in an Australian Aboriginal community. Crit. Perspect. Int. Bus. 2008, 4(2/3):99-126.
60. Peck P., Sinding K. Financial assurance and mine closure: stakeholder expectations and effects on operating decisions. Resour. Policy 2009, 34(4):227-233.
61. Rolfe J., Miles B., Lockie S., Ivanova G. Lessons from the social and economic impacts of the mining boom in the Bowen Basin 2004-2006. Australas. J. Reg.l. Stud. 2007, 13(2):134.
62. Scantlebury M. The Ownership Structures of Heritage Tourism Enterprises in Barbados and Their Institutional and Community Involvement 2003, University of Waterloo, Waterloo, Canada.
63. Scherer A., Palazzo G., Baumann D. Global rules and private actors. Towards a new role of the TNC in global governance. Bus. Ethics Q. 2006, 16:502-532.
64. Solomon F., Katz E., Lovel R. Social dimensions of mining: research, policy and practice challenges for the minerals industry in Australia. Resour. Policy 2008, 33(3):142-149.
65. Staiger Douglas, Stock James H. Instrumental variables regression with weak instruments. Econometrica 1997, 65:557-586.
66. Waddock S., Smith N. Relationships: the real challenge of corporate global citizenship. Bus. Soc. Rev. 2000, 105(1):47-62.
67. Welford R. Corporate social responsibility in Europe and Asia. J. Corp. Citizensh. 2004, 2004(13):31-47.
68. Wu S.N., Xu N.H., Yuan Q.B. State control, legal investor protection, and ownership concentration: evidence from China. Corp. Gov.: Int. Rev. 2009, 17(2):176-192.