Corporate social responsibility disclosure: evidence from Libyan managers
Article
Article Title | Corporate social responsibility disclosure: evidence from Libyan managers |
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ERA Journal ID | 200024 |
Article Category | Article |
Authors | Bayoud, Nagib Salem (Author) and Kavanagh, Marie (Author) |
Journal Title | Global Journal of Business Research |
Journal Citation | 6 (5), pp. 73-84 |
Number of Pages | 12 |
Year | 2012 |
Place of Publication | Hilo, HI. United States |
ISSN | 1931-0277 |
2157-0191 | |
Web Address (URL) | http://www.theibfr.com/ARCHIVE/GJBR-V6N5-2012-sample.pdf |
Abstract | This paper explains the importance and benefits for Libyan companies of engaging in corporate social responsibility disclosure (CSRD). Libya, as a developing country, was chosen by the researchers as it has undergone many changes over a short period of time in terms of economic, environmental and social changes. Both quantitative and qualitative methods were used to collect data relating to CSRD in Libyan companies. Perceptions of financial managers interviewed as part of the study reveal that CSRD is important for company performance. The paper reveals that CSRD in the annual reports is very important in terms of attaining company objectives to: satisfy the interests of stakeholders; protect employees' interests; clarify the extent of contribution of the company in both CSR activities and CSRD; and assisting investors to make appropriate investment decisions. The perceived primary benefits of CSRD were enhanced company reputation, and increased financial performance. It also improves ability to attract foreign investors, and results in higher consumer satisfaction leading to commercial benefits. Secondary benefits include demonstration of compliance with the law and improved employee commitment. |
Keywords | corporate social responsibility (CSR); corporate social responsibility disclosure (CSRD); financial performance; corporate reputation |
ANZSRC Field of Research 2020 | 500102. Business ethics |
350799. Strategy, management and organisational behaviour not elsewhere classified | |
350107. Sustainability accounting and reporting | |
Public Notes | This paper is Outstanding research award in Hawaii Conference. |
Byline Affiliations | School of Accounting, Economics and Finance |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q14wv/corporate-social-responsibility-disclosure-evidence-from-libyan-managers
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