Search

Recently, pressure from multiple stakeholders regarding corporate social responsibility (CSR) policies and activities has resulted in firms' increased effort to measure and report information on numerous environmental and social issues. Disclosure of CSR information has generally been voluntary, and guidelines regarding the measurement and reporting of such information have been developed by stakeholder groups, evolving as a function of social norms. In spite of the apparent plurality of viewpoints contributing to the process, research results indicate that the outcomes seldom reflect the full range of stakeholder concerns, and often reflect only the preferences of dominant corporate interests (see, for example, Archel et al., 2011). Shortcomings in existing reporting and the perceived importance of this information for stakeholder decision making are factors in the call for greater regulation of CSR reporting to facilitate both the existence and comparability of CSR disclosure. While accountability to so...

This paper reports the results of a study designed to investigate the existence of an unintended causal relation between firm corporate social responsibility (CSR) performance and investors' assess...