Corporate Social Disclosure During the Global Financial Crisis

Institutional and economic determinants of corporate social responsibility disclosure by banks

“…Besides, it will allow us to obtain an insightful knowledge able to respond to the several research gaps identified previously, bringing several contributions to CSR reporting literature. First, it analyzes the CSR disclosures over a period of time that incorporates the recent GFC effects in a poorly researched industry (Mia and Al-Mamun, 2011), and therefore, extends the study of Jizi et al (2014) by investigating a larger sample in terms of countries and time period, incorporating countries more and less affected by the recent GFC.…”

“…Second, prior literature on the interaction between financial crises and CSR disclosure is scant and the few studies are focused on non-finance companies (Ghazali and Weetman, 2006;Mia and Al-Mamun, 2011;Lungu et al, 2011;Pinto and De Villiers, 2012;García-Benau et al, 2013;Dias et al, 2016;Bouslah et al, 2018;).…”

“…Thus, it is necessary to analyze other dimensions through the introduction of new industries (such as banking) and different countries (Mia and Al-Mamun, 2011).…”

“…Finally, the literature indicates that in periods of crisis CSR reporting dynamics is diverse, namely among non-financial organizations (Ghazali and Weetman, 2006;Haron et al, 2006;Karaibrahimoglu, 2010;Rowe, 2010;Giannarakis and Theotakas, 2011;Lungu et al, 2011;Mia and Al-Mamun, 2011;Pinto and De Villiers, 2012;Silva et al, 2016;Dias et al, 2016). This CSR reporting diversity is puzzling for two main reasons: a) first, if it is certain that during periods of crisis organizations retract their socially responsible behavior (Pinto and De Villiers, 2012), it is also true that there is a higher demand for social projects; b) second, the 2007/2008 global financial crisis (GFC) has shaken the confidence levels in the financial sector, exposed managers' unethical and irresponsible behavior, and triggered the public interest in the social and ethical performance of organizations (Pinto and De Villiers, 2012).…”

Trends and determinants of corporate non-financial disclosure in Greece

“…Thus, with public trust and confidence in for-profit entities decreasing after the current major economic crisis (Roth, 2009; A.W. Page Society and Business Roundtable Institute for Corporate Ethics, 2009), recent evidence shows that companies tend to utilize NFD and to actively engage in such communication channels in order to reduce or prevent accountability deficits and/ or potential legitimacy 'gaps' (Haji and Mohd Ghazali, 2011;Mia and Al Mamun, 2011).…”