A Corporate Social Responsibility Framework for Accounting Research

Radhakrishnan, Suresh; Tsang, Albert; Liu, Rubing

doi:10.1016/j.intacc.2018.11.002

Cited by 43 publications

(21 citation statements)

References 104 publications

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“…Indeed, outside the EU, especially in the USA, South Korea and Japan, a very interesting relation is observed between the CSR drive and commitment, the use of luxury brands and powers of individuals [76] and undoubtedly Škoda and Hyundai would like to adhere to it. Nevertheless, strong voices presenting the CSR commitment as a win-win situation for shareholders and stakeholders [77] from the other side of the Atlantic, and matched by EU high expectations and only soft, not binding, guidelines [78,79], are not (yet) echoed by the Czech reality and annual reports of (at least the selected) Czech companies.…”

Section: Analysis and Discussionmentioning

confidence: 99%

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Pelikánová

2019

Sustainability

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The commitment of the European Union (EU) to Corporate Social Responsibility (CSR) is projected into EU law about annual reporting by businesses. Since EU member states further develop this framework by their own domestic laws, annual reporting with CSR information is not unified and only partially mandatory in the EU. Do all European businesses report CSR information and what public declaration to society do they provide with it? The two main purposes of this paper are to identify the parameters of this annual reporting duty and to study the CSR information provided by the 10 largest Czech companies in their annual statements for 2013–2017. Based on legislative research and a teleological interpretation, the current EU legislative framework with Czech particularities is presented and, via a case study exploring 50 annual reports, the data about the type, extent and depth of CSR is dynamically and comparatively assessed. It appears that, at the minimum, large Czech businesses satisfy their legal duty and e-report on CSR to a similar extent, but in a dramatically different quality. Employee matters and adherence to international standards are used as a public declaration to society more than the data on environmental protection, while social matters and research and development (R&D) are played down.

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Section: Analysis and Discussionmentioning

confidence: 99%

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Pelikánová

2019

Sustainability

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“…3 3 See, for example, Kitzmueller and Shimshack (2012) and Radhakrishnan et al (2018) for reviews of the CSR literature.…”

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confidence: 99%

Board reforms around the world: The effect on corporate social responsibility

Liao

San

Tsang

et al. 2021

Corporate Governance

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Research Question/Issue This study examines the effects of major board reforms on firms' corporate social responsibility (CSR) performance in countries around the world. Research Findings/Insights Using a difference‐in‐differences design, we find robust evidence that worldwide board reforms can have significant effects on various stakeholders, resulting in increased firm CSR performance in both the environmental and social dimensions. Relative to countries that have implemented comply‐or‐explain reforms, countries with rule‐based reforms tend to drive the increase in CSR performance post‐reform. Our results hold for both first board reforms and major reforms, across different types of reforms, and across various dimensions of CSR performance. In addition, the effect of reforms on CSR performance is more pronounced for firms with higher levels of institutional ownership or lower levels of insider ownership and in countries with weaker CSR awareness and more stringent legal and regulatory environments. Further analyses show that reforms strengthen the relationship between CSR performance and future financial performance. Finally, we explore the possible mechanism through which board reforms could have a significant effect on firms' CSR performance. We find that board reforms increase a firm's likelihood of integrating CSR criteria in executive compensation. Theoretical/Academic Implications The findings of this study suggest that worldwide board reforms that aim to increase shareholders' value can also have significant effects on various stakeholders, resulting in increased firm CSR performance in both the environmental and social dimensions, a non‐financial dimension of firm performance. Practitioner/Policy Implications Our evidence suggests that increases in CSR performance are an important channel through which board reforms can increase shareholder value. In addition, our findings suggest that the effectiveness of reforms on CSR varies with both firm‐ and country‐level characteristics related to the relative influence of external shareholders. Thus, this study offers insights to policy makers interested in enhancing CSR performance in their country.

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“…These activities are usually beyond the normal operations of the company and legal requirements. Radhakrishnan et al [19] note that the apportionment of resources and activities are a branch of the business model that assist in addressing social problems indirectly, moderating negative effects and encouraging positive effects of a corporation. Radhakrishnan et al [19] further state that managers need to make decisions on how resources and input, which leads to outputs for the benefit of shareholders and business stakeholders.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Corporate Social Responsibility and the Public Health Imperative: Accounting and Reporting on Public Health

Nwobu¹

2022

Corporate Social Responsibility

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It has never been more urgent for corporate entities to ensure that they are accountable for public health issues arising from their business operations. Corporate social responsibility is constantly being redefined from what it used to be in terms of corporate responsibility to people and the planet. This redefinition is mainly due to issues affecting public health. Hence, it is important for corporate entities to account for how their business operations affect public health. It is also important for corporate entities to account for how public health issues affect their business operations. The nexus between corporate social responsibility and public health could also create a ‘new normal’ by accounting and corporate reporting on public health.

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A Corporate Social Responsibility Framework for Accounting Research

Cited by 43 publications

References 104 publications

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Board reforms around the world: The effect on corporate social responsibility

Corporate Social Responsibility and the Public Health Imperative: Accounting and Reporting on Public Health

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