“…Currently, corporate social responsibility (CSR) activities and its disclosure are the concepts that are becoming important to businesses at both national and global levels (Cockalo, Dejan, Carisa, & Srdan, ; Lawrence, Botes, Collins, & Roper, ). CSR disclosure is an important means of improving transparency (Kaymak & Bektas, ), accountability (Ferrero‐Ferrero, Fernandez‐Izquierdo, & Munoz‐Torres, ), reputation (Aguilera‐Caracuel & Guerrero‐Villegas, ), corporate legitimacy (Garcia‐Sanchez & Martinez‐Ferrero, ), awareness about firms' environmental and social practices (Chang, Oh, Park, & Jang, ), and its performance (Michelon, Boesso, & Kumar, ).…”