Abstract:
The primary objective of this
study
was
to examine the impact of board relations on CSR
reporting as a critical component of board social capital. This research also takes into
account board size, firm size, firm age, and firm profi
tability as co
ntrols. The sample
consists of Kenyan listed firms on the Nairobi Securities Exchange from 2009 to 2020. A
panel data model with fixed effect regression
was
used. Based on a resource dependence
perspective,
the results
show a significant p
ositive relations
hip between board relations and
the level of CSR reporting. These findings contribute to academic discourse about the social
capital of board members. The authors, in particular, emphasize the significance of board
relationships and their
implications for
decision making regarding CSR reporting. This
evidence may be useful to firms when forming boards of directors, as well as regulators and
professional organizations when reassessing legislation and guidelines.
