Emerging Technology, Corporate Governance Disclosure and Corporate Social Responsibility

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Applied Economics and Finance".

Deadline for manuscript submissions: 31 August 2026 | Viewed by 2694

Special Issue Editors


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Guest Editor
Department of Accounting and Finance, Nottingham Business School, Nottingham Trent University, Nottingham NG1 4FQ, UK
Interests: corporate finance; corporate governance; sustainability

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Guest Editor
Department of Accounting and Finance, Nottingham Business School, Nottingham Trent University, Nottingham NG1 4FQ, UK
Interests: sustainability; technology; management accounting; research methodology; public sector accounting; corporate finance
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Department of International Trade and Finance (Ing), Istanbul Beykent University, Istanbul 34522, Turkiye
Interests: corporate finance; financial modelling

Special Issue Information

Dear Colleagues,

In the modern corporate environment, the convergence of emerging technology, corporate governance disclosure and corporate social responsibility (CSR) is significantly transforming organizational practices and stakeholder engagement. Technological advancements, especially in information and communication technologies (ICTs), are revolutionizing the way in which companies disclose governance and CSR activities, thereby enhancing transparency and accountability. These technologies enable real-time, accessible and comprehensive disclosure, providing stakeholders with crucial information for informed decision-making.

Corporate governance disclosure, traditionally confined to annual reports, has evolved through digital platforms, facilitating more dynamic and interactive communication. This transformation enhances the quality and timeliness of disclosures, meeting the increasing stakeholder demand for greater transparency in corporate practices. Similarly, CSR initiatives are utilizing technological tools to measure, report and communicate social and environmental impacts. Technologies such as blockchain and big data analytics offer robust mechanisms for tracking CSR activities, thereby ensuring accuracy and accountability.

This Special Issue aims to compile and disseminate pioneering theoretical and empirical research on the interplay between technology, corporate governance disclosure and corporate social responsibility (CSR). We are particularly interested in studies examining the impact of emerging technologies (e.g., artificial intelligence, blockchain, machine learning, big data, decentralized finance, etc.) on corporate governance disclosure and CSR, as well as those exploring the interrelationship between corporate governance disclosure and CSR.

Dr. Yan Wang
Dr. Padmi Nagirikandalage
Dr. Gercek Ozparlak
Guest Editors

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Keywords

  • AI
  • machine learning
  • blockchain
  • big data
  • corporate governance disclosure
  • CSR

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Published Papers (2 papers)

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Research

16 pages, 276 KB  
Article
Investigating the Relationship Between ESG Disclosure Performance and Audit Fees in the Presence of Institutional Ownership: Evidence from Malaysian Listed Firms
by Yenyen Yip
J. Risk Financial Manag. 2025, 18(12), 688; https://doi.org/10.3390/jrfm18120688 - 3 Dec 2025
Viewed by 1054
Abstract
Based on the Malaysian market, this study investigates the connection between ESG (environmental, social, and governance) disclosure performance and audit fees and examines whether institutional ownership moderates this relationship. The sample of this study comprises 323 firm-year observations collected from 49 Malaysian publicly [...] Read more.
Based on the Malaysian market, this study investigates the connection between ESG (environmental, social, and governance) disclosure performance and audit fees and examines whether institutional ownership moderates this relationship. The sample of this study comprises 323 firm-year observations collected from 49 Malaysian publicly listed companies covering 2012 to 2020. Panel data regression is employed to test the hypotheses. The findings indicate a significant positive relationship between ESG disclosure performance and audit fees, suggesting that auditors perceive ESG reporting as increasing audit complexity and risk. Further, institutional ownership strengthens this positive relationship, indicating that sophisticated investors’ monitoring roles lead to more thorough auditing of ESG disclosures. Our primary contribution is resolving mixed findings in prior literature by identifying institutional ownership as a key moderating variable. The findings offer critical insights for Malaysian regulators in designing the ESG verification framework and help companies and investors better understand audit cost drivers. This study highlights the real-world impact of institutional shareholders on corporate governance and raises market awareness of how auditors respond to sustainability disclosures. Full article
23 pages, 2370 KB  
Article
Rise of Sustainable Corporate Governance in Emerging Economies: Perspective of Government Auditor Capacity and Legislation
by Benjamin Kwakutsey Azinogo and Lourens Erasmus
J. Risk Financial Manag. 2025, 18(11), 654; https://doi.org/10.3390/jrfm18110654 - 19 Nov 2025
Viewed by 878
Abstract
As part of the environmental, social, and governance (ESG) ecosystem, this paper evaluates fundamental success factors that influence external auditors and relevant stakeholders to be proactive and efficacious in sustaining corporate governance practices in emerging economies. The study presents a preliminary and conceptual [...] Read more.
As part of the environmental, social, and governance (ESG) ecosystem, this paper evaluates fundamental success factors that influence external auditors and relevant stakeholders to be proactive and efficacious in sustaining corporate governance practices in emerging economies. The study presents a preliminary and conceptual policy framework aimed at enhancing sustainable corporate governance, to ensure effective auditing in the public sector, by applying an extensive approach based on agency and corporate risk management theories. Applying an online qualitative technique, exploratory focus groups were held in three countries. The participants were selected by their respective Supreme Audit Institutions, based on their experience and proficiency in public sector auditing. Among the fundamental success factors identified were capacity building for auditors. Validation interviews were conducted to confirm the conceptual government auditor capacity policy framework that is presented. Executive governments, legislatures, and legislative oversight bodies can benefit greatly from the empirical segment of this study to enhance sustainable corporate governance in emerging economies and obtain greater contributions from government auditors. Full article
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