Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?

Rashid, Afzalur

doi:10.1108/ijaim-09-2020-0150

Cited by 7 publications

(6 citation statements)

References 136 publications

(137 reference statements)

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“…In recent years, there has been proliferation of studies on corporate social responsibility (CSR), partly due to recent corporate scandals which resulted in a growing interest in the subject from various stakeholders, and the need for transparency in corporate reporting (Rashid, 2021; Yekini et al , 2021). A recent survey (KPMG International, 2017) indicates that there has been a general increase in global awareness and the importance of CSR reporting (CSRR), with almost 95% of the global largest companies reporting on CSR information of some sort in their annual reports.…”

Section: Introductionmentioning

confidence: 99%

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

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Purpose This study aims to examine the level of corporate social responsibility (CSR) disclosure among the UK extractive and retail sectors and consequently ascertain whether corporate board characteristics and firm characteristics can explain observable differences in the extent of CSR disclosure. Design/methodology/approach Based on the KPMG survey 2017, the sample comprises all the firms in the extractive industries, such as mining and oil and gas and also retail industries, such as food and drug retailers and general retailers for the sample period of 2005 to 2018. Findings The findings show that the level of CSR disclosure from extractive sector is much higher than that of their counterparts in retail sector. In addition, the multiple regression results show that CSR disclosure is positively and significantly associated with board gender diversity, board independence, board size. Nevertheless, the results show that board meetings and Chief Executive Officer duality do not have a significant impact on CSR disclosure. Originality/value This study contributes to the existing literature on CSR in that it advances the understanding of the interaction between governance mechanisms and specific firm characteristics of two distinct sectors of the UK economy and how this in turn influences the CSR in the two sectors.

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Section: Introductionmentioning

confidence: 99%

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

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“…This analysis methodology is widely used in the literature for the study of corporate documents (e.g. [35][36][37][38]). Content Analysis is, in fact, considered a suitable research technique for analyzing communications, describing their content, and making deductions about their possible impact [39].…”

Section: Methodsmentioning

confidence: 99%

The Effects of Covid-19 on Financial Statements: Some Insights from Italy through an International Literature Review

Tibiletti¹,

Marchini²,

Bertacchini³

2021

ujaf

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The uncertainty generated by the Covid-19 pandemic has influenced countless aspects of business management. In order to deal with the pandemic, managers had to make particularly complex choices regarding, for example, the cash management activities, investment decisions and workplace safety procedures. At the same time, the instability related to the performance and solvency of companies has made it necessary for companies to have adequate information disclosure, even more than that in the past. The Covid-19 pandemic has in fact increased the need for an effective communication about the main corporate events with all corporate stakeholders. Based on this premise, this study aims to highlight the main scientific contributions regarding the impact that the Covid-19 pandemic has had on accounting and on corporate financial reports. The analysis carried out led to the identification of five thematic areas: Policy, Corporate Social Responsibility, Disclosure, Financial Statements Data and Audit. Moreover, considering the importance of providing adequate disclosure in a period of great uncertainty, this paper proposes an analysis on the disclosure about the Covid-19 pandemic provided by the companies belonging to the FTSE MIB index of the Italian Stock Exchange. Following a preliminary quantitative analysis of the performance of these companies, a content analysis was carried out on the financial statements and the main documents attached to it, in order to verify the presence of references to the Covid-19 pandemic. It will be shown that the companies analyzed have made adequate disclosure of information regarding the emergency situation arising from the pandemic.

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“…Similarly, a recent systematic review paper by Barauskaite and Streimikiene (2021) finds that majority of the published articles have shown positive and neutral CSR-FP relationships, while few studies have also provided a negative association. Rashid (2021) demonstrated that the impact of CSR is positive on the firm accounting performance, while it is negative on the market performance. Shi and Veenstra (2021) agued that the inconsistency in the CSR-FP relationship could suggest that different firm-level and institutional factors may drive this relationship.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

Does CSR committee drive the association between corporate social responsibility and firm performance? International evidence

Khan

Afeef

Ilyas

et al. 2023

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PurposeRelying on the stakeholder view, this study investigates the role of CSR committee in moderating the association between CSR and firm performance (FP). Further, the authors examine whether country-specific governance and institutional factors drive the effect of CSR committee on the CSR-FP association.Design/methodology/approachThe study's sample includes 4405 firms from 39 countries over the period 2002–2020. For analysis, ordinary least squares (OLS) regression with year and firm fixed effects is employed as the primary econometric model. Two-step generalized method of movement (GMM) is employed to address the endogeneity issues.FindingsThis study provides international evidence that the existence of a CSR committee enhances CSR's contribution to FP. Moreover, the benefits of CSR committees in terms of enhancing the positive impact of CSR on FP are significantly greater in strong governance countries and in environmentally less sensitive industries. The findings are further checked through endogeneity and robustness tests and remain unchanged.Practical implicationsCSR committee is a key governance mechanism that assists firms in generating value from their CSR activities. It strengthens a firm's relations with the stakeholders via an effective CSR channel, which translates into improved FP and long-term value.Originality/valueThe study is the first attempt to investigate the role of CSR committee, as a corporate governance mechanism, in explaining the relationship between CSR and FP in the international context. Further, the study also found that the role of CSR committee in enhancing CSR's outcomes largely depends on country-specific governance factors and the nature of industries.

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Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?

Cited by 7 publications

References 136 publications

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

The Effects of Covid-19 on Financial Statements: Some Insights from Italy through an International Literature Review

Does CSR committee drive the association between corporate social responsibility and firm performance? International evidence

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