The Supply of Corporate Social Responsibility Disclosures Among U.S. Firms

Abstract

corporate disclosure, non-financial information, corporate social responsibility reporting, content analysis,

Corporate Social Responsibility as a Vehicle to Reveal the Corporate Identity: A Study Focused on the Websites of Spanish Financial Entities

“…Available online information has also been employed by several studies to explore CSR principles of firms in different sectors (Cornelius et al 2007;Holder-Webb et al 2009;Hou and Reber 2011;Snider et al 2003) and of banks in particular (Castelo and Lima 2006;Tsang 1998).…”

“…Capital markets rely on sustainability indexes to track financial performance of the leading sustainability-driven firms, banks disclose CSR reports to align their behaviour to the society's expectations, and managers try to record their firms social impacts by adopting triple bottom line approaches (Hossain and Reaz 2007;Ziek 2009). From an academic standpoint, recent research points at CSR as a source of competitive advantages, since it may be considered as an excellent vehicle to enhance the legitimacy of the firm among relevant interest groups (Jamali 2008;Holder-Webb et al 2009) and to develop a strong long-term reputation (Brown and Dacin 1997;Sen and Bhattacharya 2001).…”

The Virtuous Circle of Corporate Social Performance and Corporate Social Disclosure

“…In this latter case, we can find poor performance driving high disclosure because manager may act to create "noise" around the social performance in the [63]. However, these mixing results may subtend not only the difficulty of demonstrating a unidirectional relationship, but also potential operational limits inherent these type of works, such as the adopted reporting media [64], the method to measure both CSP and CSD and the sampling approach [58] [65].…”

A Longitudinal Study of Corporate Social Disclosures in a Developing Economy

“…Although competing theoretical explanations have been put forward, there appears to be support for the social and political perspectives with a particular focus on legitimacy theory (e.g. Campbell 2000;Deegan 2002;Parker 2005;Owen 2008;Holder-Webb et al 2009). Yet there remains a lack of consensus on whether legitimacy can provide a comprehensive explanatory account of CSD (Gray et al 1995;O'Dwyer 2002;Mobus 2005;Owen 2008), particularly in the case of developing countries-where there is a dearth of empirical evidence (Belal and Owen 2007;Jamali 2007).…”

“…Thirdly, many previous studies (e.g. Holder-Webb et al 2009;Reverte 2009) rely on a short window of observation (e.g. annual report data for 1 year) and such reliance may lead to biased conclusions on the factors affecting CSD behaviour (Haniffa and Cooke 2005, p. 419).…”