Factors Influencing Levels of Corporate Social Responsibility Disclosure by Libyan Firms: A Mixed Study (original) (raw)
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2012
This explains the importance and benefits for Libyan companies of engaging in corporate social responsibility disclosure (CSRD). The researchers have chosen the Libyan context as one of the world's developing countries and 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, not only in the developed countries but also in developing countries. This paper reveals that CSRD in the annual reports is very important in terms of attaining company objectives to: satisfy the interests of stakeholders; protect employee's interests; clarify the extent of contribution of the company in both CSR activities and CSRD; assist 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 a higher level of consumer satisfaction leading to commercial benefits. Secondary benefits include demonstration of compliance with regulation and improved employee commitment.
Development Economics: Regional & Country Studies eJournal, 2012
This paper examines the relationship between corporate social responsibility disclosure (CSRD) and organizational performance in terms of financial performance, employee commitment and corporate reputation in Libyan companies through stakeholder’s pressures. The researchers have chosen the Libyan context as one of the world’s developing countries and it has undergone many changes over a short period of time in terms of economic, environmental and social changes. The empirical study was used to collect data relating to CSRD and organizational performance in Libyan companies, it was employed to analyse 110 annual reports of 40 firms that were gathered by using content analysis. This paper reveals that level of CSRD in the annual reports has a positive relationship with organizational performance in terms of financial performance and corporate reputation, while there is not significant relationship between level of CSRD and employee commitment. This paper contributes to the accounting ...
The Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia
BACKGROUND: In today's world of increased awareness regarding the concepts of corporate social responsibility (CSR) and corporate governance (CG), many firms in the developed countries consider noncompliance with CSR and CG standards as an important source of risk to their reputations with stakeholders. OBJECTIVE: The aim of this study is to investigate the relationship between the corporate social responsibility disclosure (CSRD) index and corporate factors, namely, board size, board independence, board meetings, CEO duality, a firm's size, leverage, profitability and age. This is the first known study in the case of Saudi Arabia to use the GRI 4 th edition indicators to construct the CSRD index and evaluate Saudi listed firms. Results: The results show that profitability and size factor have positive and significant association with CSR disclosure in listed Saudi firms. While CG characteristics have no impact on CSR disclosure except board independence which has a negative impact. Conclusion: The average of CSRD index among Saudi firms is too low, it is about 11% that means Saudi firms disclose 11% of the information that they have to provide for stockholders according to GRI guidelines. Furthermore, the study concludes that the most polluted sectors " Energy and Petrochemical sectors " in the country disclose more information about CSR.
Empirical study on the effective factors of social responsibility disclosure of Iranian companies
Journal of Asian Business and Economic Studies, 2018
Purpose The purpose of this paper is twofold: first, to investigate the relationship between some characteristics of corporations including firm size, financial leverage, profitability, firm age and the type of industry with social responsibility disclosure of firms listed on Tehran Stock Exchange (TSE); and second, to study the association between the level of corporate social responsibility disclosure (CSRD) and some of the audit variables such as audit fees, audit tenure and audit firm’ size. Design/methodology/approach The study population consists of 125 firms listed on the TSE during the years 2010–2015. Following Salehi et al. (2017), content analysis is used to measure the level of social responsibility disclosure, and hypotheses are performed using multiple regression analysis and R software. Findings The results represented that there is a positive significant relationship between a firm size and a firm age with the level of CSRD. However, there is a negative significant a...
The objective of this study is to investigate the relationship between Corporate Social Responsibility and Financial Performance in Industrial sector of Iraq. The data is obtained from the annual reports issued by the companies for the period from (2014 to 2018). The correlation research design is will be identifying the relationship between earnings per share, return on assets, net profit margin and CSR. A sample of 30 companies will be chosen of the industrial sector this study will contribute to the finding of empirical studs or CSR and financial performance especially in Industrial sector of Iraq. Will be evaluated this study examines different impacts of positive and negative CSR on financial performance of industrial sector, theoretically based on positivity and negativity effects. Findings suggest mixed results across different industries and will contribute to companies' appropriate strategic decision-making for CSR disclosure by providing more precise information regarding the impacts of each directional CSR on financial performance.
BACKGROUND: In today's world of increased awareness regarding the concepts of corporate social responsibility (CSR) and corporate governance (CG), many firms in the developed countries consider noncompliance with CSR and CG standards as an important source of risk to their reputations with stakeholders. OBJECTIVE: The aim of this study is to investigate the relationship between the corporate social responsibility disclosure (CSRD) index and corporate factors, namely, board size, board independence, board meetings, CEO duality, a firm's size, leverage, profitability and age. This is the first known study in the case of Saudi Arabia to use the GRI 4 th edition indicators to construct the CSRD index and evaluate Saudi listed firms. Results: The results show that profitability and size factor have positive and significant association with CSR disclosure in listed Saudi firms. While CG characteristics have no impact on CSR disclosure except board independence which has a negative impact. Conclusion: The average of CSRD index among Saudi firms is too low, it is about 11% that means Saudi firms disclose 11% of the information that they have to provide for stockholders according to GRI guidelines. Furthermore, the study concludes that the most polluted sectors " Energy and Petrochemical sectors " in the country disclose more information about CSR.
2012
This thesis reports to examine and to extend the literature, by obtaining a deeper understanding of the link between corporate social responsibility disclosure and organizational performance in terms of financial performance, employee commitment, and corporate reputation by using a mixed methodology underpinned by stakeholder theory. This relationship between corporate social responsibility activity and disclosure with organizational performance attracts the interest of significant stakeholder groups. Numerous prior studies have sought to examine the links between corporate social responsibility disclosure and organizational performance using quantitative methods. Two parts were undertaken in this study. The first part of this study involved a statistical examination of the relationship between corporate social responsibility disclosure and organizational performance for Libyan companies operating in four sectors (manufacturing, banking and insurance, service, and mining). It used l...
Types and Motives of Corporate Social Responsibility and Environmental Reporting in Libyan Companies
International Journal of Finance and Accounting Studies, 2015
This study examined the types and the motives of Corporate Social Responsibility and Environmental Reporting (CSER) in Libya, a developing country, which has undergone many economic, political and social changes over a short period of time. An influential factor that regulates Libyan society is Islam. Drawing from the assumption that Islamic values in business include the fair treatment of employees, fair prices, honesty, and customer service respect for environment, charitable donations, and complete disclosures, the current study aims to investigate if types and motives of CSER have been influenced by the Islamic environment in which they operate. Both quantitative and qualitative methods were employed to collect data relating to CSER in Libyan firms. The quantitative study involved analysing the contents of 162 annual company reports produced between 2006 and 2012, while the qualitative study examined the perceptions of public relations managers and financial managers, which using interviews. Results from the quantitative study revealed that annual reports issued by Libyan companies actually give social and environmental disclosure, even if it is smaller than it was expected on the basses of the Islamic background of people operating in Libyan companies. In particular, that disclosure of environmental and employee information was higher than the disclosure of community, customers and product information. The qualitative results also revealed that Islam was a significant factor in increasing CSER disclosure. In addition, the managers believed that other motives such as government ownership and company characteristics influence CSER by companies. Both quantitative and qualitative results indicated that environmental, employee and customer information features were prominent in the annual reports of Libyan companies.
Determinants of corporate social responsibility disclosure: the case of Islamic banks
International Journal of Islamic and …, 2010
This paper aims to measure the extent of corporate social responsibility (CSR) and its determinates by non-financial companies listed on Abu Dhabi Securities Exchange. The study employs content analysis of the annual reports to measure the extent of CSR disclosure in Abu Dhabi Companies. In addition, the study adopts multiple regression analysis to identify factors influencing the extent of corporate social responsibility disclosure. The findings reveal that the level of CSR disclosure by companies listed on Abu Dhabi Securities Exchange is low with an average of 34 %, indicating that such disclosure is still not of a primary concern to these companies. The results also suggest that the extent of CSR disclosure is influenced by corporate size, industry and profitability. The paper is limited by the subjectivity of content analysis as well as it considers CSR disclosure for only one year. This study has public policy implications for the decision makers in the UAE as well as a number of other Arab and Middle East countries. This paper adds to the limited CSR literature in Arab and Middle East countries in general and the United Arab Emirates in particular. This paper not only examines the extent and determinants of corporate social disclosure but also attempts to theorize such disclosure.
Firm Characteristics and Corporate Social Responsibility Disclosure in Saudi Arabia
Social Science Research Network, 2019
Nowadays, corporate social responsibility is an important factor in sustainable growth. The paper aims to examine the relationship between selected characteristics of firms (firm age, firm size, firm performance, and gender diversity of boards) and the application of a corporate social responsibility concept in the Czech transportation and storage industry. Using the data from own survey, the Albertina database, and the Business Register, and applying the Pearson and Spearman correlation coefficients and regression analysis, it has been found that there is a statistically significant relationship between firm size, firm financial performance, and CSR practice of firms. On the other hand, firm age and gender diversity of boards are not the factors affecting the CSR practice. These findings have brought new insights in the area of CSR and its application in the Czech Republic.