“…Organizations' websites and Internet-based tools play a potentially significant role in enhancing company interaction with stakeholder; the use of Internet communications by organisations, particularly social media, is growing rapidly (Bochenek & Blili, 2013;Li & Li, 2014;Lodhia & Stone, 2017;Bosetti, 2018;Nelson, 2019). Many scholars provided evidence of a diffuse use of the website for CSR disclosure by companies (Adams & Frost, 2006;Bartkus et al, 2002;Esrock & Leichty, 1998;Maier & Ravazzani, 2019;Moreno & Capriotti, 2009;Siano et al, 2016;Tagesson et al, 2009;Tetrevova et al, 2019;Wanderley et al, 2008;Williams & Wern Pei, 1999). Several researches focused on the on-line reports published by companies (Correa-Garcia et al, 2018;Guillamón-Saorín & Martínez-López, 2013;Hahn & Kühnen, 2013;Jose & Lee, 2007;Junior et al 2014;Lodhia, 2014;Lodhia & Stone, 2017).…”