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Institutional Ownership Types and ESG Reporting: The Case of Saudi Listed Firms

Author

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  • Ameen Qasem

    (Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
    Accounting Department, Faculty of Administrative Sciences, Taiz University, Taiz 6803, Yemen)

  • Shaker Dahan AL-Duais

    (Quality Inspection Department, Alaziq & Alzailiae CPA, Riyadh 11393, Saudi Arabia
    Accounting Department, Faculty of Administrative Sciences, Ibb University, Ibb 9674, Yemen)

  • Wan Nordin Wan-Hussin

    (Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Kuala Lumpur 50300, Malaysia
    Institute for Management & Business Research (IMBRe), Universiti Utara Malaysia, Sintok 06010, Malaysia)

  • Hasan Mohamad Bamahros

    (Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
    Department of Accounting, College of Management Science, University of Aden, Aden 9672, Yemen)

  • Abdulsalam Alquhaif

    (Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia
    Accounting Department, Faculty of Administrative Sciences, Ibb University, Ibb 9674, Yemen)

  • Murad Thomran

    (Department of Accounting, College of Business Administration, University of Hail, Hail 55471, Saudi Arabia)

Abstract

The main aim of this study is to investigate the influence of institutional investors’ ownership (INOW) on firms’ environmental, social, and governance (ESG) reporting in Saudi Arabia. Using data on ESG reporting from the Bloomberg database for 206 Saudi-listed firms spanning the period from 2010 to 2019 and employing ordinary least squares regression (OLS), the results show a significant and positive association between INOW and ESG reporting. When institutional investors are classified into government and privately managed institutions, the research findings clearly show that only government-managed institutional investors (Govt_IO) are linked to ESG reporting in a positive and significant way, whereas there is no significant association between privately managed institutions (Prvt_IO) and ESG reporting. In addition, when the ESG score is disaggregated by individual pillars, we find Govt_IO is positively associated with environmental score and social score. These results suggest that the association between INOW and ESG varies depending on the types of INOW, as well as the ESG components. Even after several additional analyses, including tests for endogeneity, the main results of this study still hold.

Suggested Citation

  • Ameen Qasem & Shaker Dahan AL-Duais & Wan Nordin Wan-Hussin & Hasan Mohamad Bamahros & Abdulsalam Alquhaif & Murad Thomran, 2022. "Institutional Ownership Types and ESG Reporting: The Case of Saudi Listed Firms," Sustainability, MDPI, vol. 14(18), pages 1-23, September.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:18:p:11316-:d:910880
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    2. Doshi, Medha & Jain, Riidhi & Sharma, Dipasha & Mukherjee, Deepraj & Kumar, Satish, 2024. "Does ownership influence ESG disclosure scores?," Research in International Business and Finance, Elsevier, vol. 67(PA).

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