David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 84 (4):497 - 527 (2009)
Corporate social responsibility (CSR) is a dramatically expanding area of activity for managers and academics. Consumer demand for responsibly produced and fair trade goods is swelling, resulting in increased demands for CSR activity and information. Assets under professional management and invested with a social responsibility focus have also grown dramatically over the last 10 years. Investors choosing social responsibility investment strategies require access to information not provided through traditional financial statements and analyses. At the same time, a group of mainstream institutional investors has encouraged a movement to incorporate environmental, social, and governance information into equity analysis, and multi-stakeholder groups have supported enhanced business reporting on these issues. The majority of research in this area has been performed on European and Australian firms. We expand on this literature by exploring the CSR disclosure practices of a size-and industry-stratified sample of 50 publicly traded U. S. firms, performing a content analysis on the complete identifiable public information portfolio provided by these firms during 2004. CSR activity was disclosed by most firms in the sample, and was included in nearly half of public disclosures made during that year by the sample firms. Areas of particular emphasis are community matters, health and safety, diversity and human resources (HR) matters, and environmental programs. The primary venues of disclosure are mass media releases such as corporate websites and press releases, followed closely by disclosures contained in mandatory filings. Consistent with prior research, we identify industry effects in terms of content, emphasis, and reporting format choices. Unlike prior research, we can offer only mixed evidence on the existence of a size effect. The disclosure frequency and emphasis is significantly different for the largest one-fifth of the firms, but no identifiable trends are present within the rest of the sample. There are, however, identifiable size effects with respect to reporting format choice. Use of websites is positively related to firm size, while the use of mandatory filings is negatively related to firm size. Finally, and also consistent with prior literature, we document a generally self-laudatory tone in the content of CSR disclosures for the sample firms
|Keywords||corporate disclosure non-financial information corporate social responsibility reporting content analysis|
|Categories||categorize this paper)|
|Through your library||Configure|
References found in this work BETA
John M. T. Balmer, Kyoko Fukukawa & Edmund R. Gray (2007). The Nature and Management of Ethical Corporate Identity: A Commentary on Corporate Identity, Corporate Social Responsibility and Ethics. [REVIEW] Journal of Business Ethics 76 (1):7 - 15.
Ron Bird, Anthony D. Hall, Francesco Momentè & Francesco Reggiani (2007). What Corporate Social Responsibility Activities Are Valued by the Market? Journal of Business Ethics 76 (2):189 - 206.
Dilek Cetindamar (2007). Corporate Social Responsibility Practices and Environmentally Responsible Behavior: The Case of the United Nations Global Compact. [REVIEW] Journal of Business Ethics 76 (2):163 - 176.
Lori Holder-Webb & Jaffrey R. Cohen (2007). The Association Between Disclosure, Distress, and Failure. Journal of Business Ethics 75 (3):301 - 314.
Reggy Hooghiemstra (2000). Corporate Communication and Impression Management – New Perspectives Why Companies Engage in Corporate Social Reporting. Journal of Business Ethics 27 (1-2):55 - 68.
Citations of this work BETA
Ataur R. Belal & Robin W. Roberts (2010). Stakeholders' Perceptions of Corporate Social Reporting in Bangladesh. Journal of Business Ethics 97 (2):311 - 324.
Rafael Bravo, Jorge Matute & José M. Pina (2012). Corporate Social Responsibility as a Vehicle to Reveal the Corporate Identity: A Study Focused on the Websites of Spanish Financial Entities. [REVIEW] Journal of Business Ethics 107 (2):129-146.
Qi Li, Wei Luo, Yaping Wang & Liansheng Wu (2013). Firm Performance, Corporate Ownership, and Corporate Social Responsibility Disclosure in China. Business Ethics 22 (1):159-173.
J. D. Mahadeo, V. Oogarah-Hanuman & T. Soobaroyen (2011). A Longitudinal Study of Corporate Social Disclosures in a Developing Economy. Journal of Business Ethics 104 (4):545-558.
Belen Fernandez-Feijoo, Silvia Romero & Silvia Ruiz (forthcoming). Effect of Stakeholders' Pressure on Transparency of Sustainability Reports Within the GRI Framework. Journal of Business Ethics.
Similar books and articles
Liangrong Zu & Lina Song (2009). Determinants of Managerial Values on Corporate Social Responsibility: Evidence From China. [REVIEW] Journal of Business Ethics 88 (1):105 - 117.
Hoje Jo & Maretno A. Harjoto (2012). The Causal Effect of Corporate Governance on Corporate Social Responsibility. Journal of Business Ethics 106 (1):53-72.
Francesco Perrini, Angeloantonio Russo & Antonio Tencati (2007). CSR Strategies of SMEs and Large Firms. Evidence From Italy. Journal of Business Ethics 74 (3):285 - 300.
Supriti Mishra & Damodar Suar (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics 95 (4):571 - 601.
Won Yong Oh, Young Kyun Chang & Aleksey Martynov (2011). The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence From Korea. [REVIEW] Journal of Business Ethics 104 (2):283-297.
Jeffrey Lori Holder-Webb, Leda Nath R. Cohen & David Wood (2009). The Supply of Corporate Social Responsibility Disclosures Among U.S. Firms. Journal of Business Ethics 84 (4).
Krishna Udayasankar (2008). Corporate Social Responsibility and Firm Size. Journal of Business Ethics 83 (2):167 - 175.
Carmelo Reverte (2009). Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms. Journal of Business Ethics 88 (2):351 - 366.
Lori Holder-Webb, Jeffrey Cohen, Leda Nath & David Wood (2008). A Survey of Governance Disclosures Among U.S. Firms. Journal of Business Ethics 83 (3):543 - 563.
David S. Gelb & Joyce A. Strawser (2001). Corporate Social Responsibility and Financial Disclosures: An Alternative Explanation for Increased Disclosure. [REVIEW] Journal of Business Ethics 33 (1):1 - 13.
Added to index2009-01-28
Total downloads15 ( #90,335 of 1,088,854 )
Recent downloads (6 months)2 ( #42,740 of 1,088,854 )
How can I increase my downloads?