Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?

Article

Rashid, Afzalur. 2021. "Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?" International Journal of Accounting and Information Management. 29 (2), pp. 280-304. https://doi.org/10.1108/IJAIM-09-2020-0150
Article Title

Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?

ERA Journal ID36135
Article CategoryArticle
Authors
AuthorRashid, Afzalur
Journal TitleInternational Journal of Accounting and Information Management
Journal Citation29 (2), pp. 280-304
Number of Pages25
Year2021
Place of PublicationUnited Kingdom
ISSN1018-368X
1758-9037
1834-7649
Digital Object Identifier (DOI)https://doi.org/10.1108/IJAIM-09-2020-0150
Web Address (URL)https://www.emerald.com/insight/content/doi/10.1108/IJAIM-09-2020-0150/full/html
Abstract

Purpose: This study examines whether corporate social responsibility (CSR) reporting adds any value to the firm.

Design/Methodology/Approach: This study employs a content analysis to capture the specific Corporate Social Responsibility (CSR)-related attributes and to construct a CSR reporting index. The data is manually collected from 115 publicly listed firms on Dhaka Stock Exchange. The companies audited financial statements were the source of data. This study uses an Ordinary Least Square Regression analysis to examine the relationship between CSR reporting and firm performance.

Findings: The results of this study show that firms’ involvement in CSR activities and related reporting has a significant positive influence on firm performance only under an accounting-based performance measure. However, firms’ involvement in CSR activities and related reporting has a significant negative influence on firm performance under a market-based performance measure.

Research Limitations: This is study is subject to some limitations, such as the subjectivity or judgement associated in the coding process.

Practical Implications: The findings of this study imply that, firms may be involved in CSR reporting to meet the stakeholders’ expectations, CSR reporting do not necessarily increase the intrinsic value of the firm.

Originality/Value: This study supports the stakeholder theory and contributes to the literature on the practices of corporate social responsibility reporting in the context of developing countries.

KeywordsContent analysis, CSR, Performance, Legitimacy Theory, Stakeholder Theory, Instrumental Stakeholder Theory
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020350107. Sustainability accounting and reporting
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Byline AffiliationsSchool of Commerce
Institution of OriginUniversity of Southern Queensland
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