The relationship between disclosures of corporate social performance and financial performance: Evidences from GRI reports in manufacturing industry

Chen, Lujie; Feldmann, Andreas; Tang, Ou

doi:10.1016/j.ijpe.2015.04.004

Cited by 200 publications

(189 citation statements)

References 57 publications

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“…In a more recent study, Yang, Lin, and Chang (2009) rated companies over five different CSR dimensions (employee relations, environment, shareholder relations, product quality and relations with providers and customers, community) on a 0-5 rating scale (where 0 = fulfilment of no criteria and 5 = fulfilment of all criteria). Karagiorgos (2010) and Chen, Feldmann, and Tang (2015) based their content analysis on GRI reports. More specifically, Karagiorgos (2010) used 26 indicators derived from GRI reports which were divided in two groups (social performance indicators and environment performance indicator) and rated on a scale from 0-3 (0 if indicator in not taken into account, 3 if indicator is fully taken into account).…”

Section: Content Analysismentioning

confidence: 99%

“…More specifically, Karagiorgos (2010) used 26 indicators derived from GRI reports which were divided in two groups (social performance indicators and environment performance indicator) and rated on a scale from 0-3 (0 if indicator in not taken into account, 3 if indicator is fully taken into account). Similarly, Chen et al (2015) used the 45 GRI indicators. Each indicator was scored on a 1-5 scale (1 = indicator not reported; 5 = indicator fully reported) by multiple raters.…”

Section: Content Analysismentioning

confidence: 99%

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Corporate social responsibility and financial performance relationship: a review of measurement approaches

Galant

Čadež

2017

Economic Research-Ekonomska Istraživanja

314

231

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The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been subject to extensive empirical enquiry. Yet the body of evidence that has accumulated about the nature of the relationship is equivocal. A commonly identified reason for the diverse and contradictory results is measurement issues pertaining to both concepts of interest. This article aims to review alternative operationalisations and measurement approaches for the CSR and CFP concepts that have been deployed in empirical literature concerned with the CSR-CFP relationship. Several findings emanate from our study. First, CSR operationalisations in empirical literature range from multidimensional to one-dimensional. Second, CSR measurement approaches include reputation indices, content analyses, questionnaire-based surveys and one-dimensional measures, whereas CFP measurement approaches include accounting-based measures, market-based measures and combined measures. Third, no CSR measurement approach is without drawbacks. In addition to approach specific drawbacks, two problems inherent in most approaches are researcher subjectivity and selection bias that may influence the nature of CSR-CFP relationship detected in empirical literature. Finally, potential pathways to remedy these drawbacks are suggested.

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Section: Content Analysismentioning

confidence: 99%

Section: Content Analysismentioning

confidence: 99%

Corporate social responsibility and financial performance relationship: a review of measurement approaches

Galant

Čadež

2017

Economic Research-Ekonomska Istraživanja

314

231

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“…This information is linked to the standard macro elements issued by the Federal Accounting Council (2004) but can be considered minimum when their specifications are observed. For Chen, Feldmann and Tang (2015), organizations publish their social information in order to obtain advertising benefits from these disclosures, especially when they are large organizations.…”

Section: Characterization Of the Social And Environmental Informationmentioning

confidence: 99%

Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileiras

Bernardo

Binotto

Farinha

et al. 2016

RICA

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Social and environmental information disclosure by brazilian agricultural cooperativesThe concern of society with social and environmental aspects brought new features to organizations. Companies need to have environmental policies and through planning provide the realization of activities that address these issues. In order to meet the needs of stakeholders, organizations publish information on their social and environmental practices in reports and virtual environments. Among the companies' formats, cooperatives grow in Brazil and belong to the group of the largest exporters of the country. Given these characteristics, the paper aims to identify the document used to divulge environmental information and what elements make up these publications, in the websites of cooperatives that export. We used the documentary analysis of publications made in the websites of eight cooperatives and the variables of Standard Brazilian Accounting No. 15. We noticed that five of these disclose in different volumes of information and use resources like websites, specific report and inclusion in management reports. However publications on the subject must be improved to better inform users of this information. So there will be better quality in publications and facilitate the reading and interpretation of these data become public society when released, especially in virtual environments to which access to information becomes easier.Keywords: Collective Actions; Social; Environmental; Social Transparency. Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileirasA preocupação da sociedade com os aspectos sociais e ambientais trouxe novos recursos para as organizações. Social and environmental information disclosure by brazilian agricultural cooperatives BERNARDO, L. V. M.; BINOTTO, E.; FARINHA, M. J. U. S.; MORAIS, M.; RECH, L. R. CASAROTTO, E. L.; PERUZZI, A. Z.

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“…Since the mid-1990s, an increasing number of firms worldwide have begun to disclose non-financial information related to social issues, such as environmental conservation, human rights protection, employee welfare improvement, and contributions to communities and societies 3 . The concept of corporate social responsibility (CSR) should be incorporated within a corporate strategy that focuses on environmental influences on people's living conditions, sensible behavior, and ethics in business 4 . In the last few decades, firms have spent money to understand whether CSR relates to firm performance 4 .…”

Section: Introductionmentioning

confidence: 99%

“…The concept of corporate social responsibility (CSR) should be incorporated within a corporate strategy that focuses on environmental influences on people's living conditions, sensible behavior, and ethics in business 4 . In the last few decades, firms have spent money to understand whether CSR relates to firm performance 4 . A negative relationship exists between the level of corporate social responsibility disclosure and cost of equity capital 5 .…”

Section: Introductionmentioning

confidence: 99%

Social Responsibility Disclosure, Corporate Governance and Cost of Equity Capital

Adiputra¹,

Siregar²,

Wardhani³

2018

Proceedings of the 6th International Accounting Conference (IAC 2017)

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This study aims to examine whether social responsibility disclosure positively affects the cost of equity capital in the previous year and to test whether social responsibility disclosure negatively affects the cost of equity capital in companies with good corporate governance. The approach is based on empirical research, drawing on data from annual sustainability reports published between 2012 to 2014 using 53 sample companies listed on IDX in accordance with GRI disclosure criteria for content analysis. CSR score calculation and regression analysis techniques were used for hypothesis testing with multivariate analysis. The findings confirmed that the influence of social responsibility disclosure was positively related to the cost of equity capital in the previous year and social responsibility disclosure negatively affected the cost of equity capital in firms with good corporate governance. These findings expand on empirical research related to CSR and corporate governance on the cost of equity capital using GRI4 and corporate governance scores in Indonesia context.

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The relationship between disclosures of corporate social performance and financial performance: Evidences from GRI reports in manufacturing industry

Cited by 200 publications

References 57 publications

Corporate social responsibility and financial performance relationship: a review of measurement approaches

Corporate social responsibility and financial performance relationship: a review of measurement approaches

Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileiras

Social Responsibility Disclosure, Corporate Governance and Cost of Equity Capital

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