2021
DOI: 10.1002/mar.21635
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Form and substance: Visual content in CSR reports and investors’ perceptions

Abstract: Although the importance of corporate social responsibility (CSR) reporting is well recognized, the influence of the visual characteristics of CSR reports on stakeholders' evaluations of companies is largely overlooked. Drawing on theories of the processing of fluency and legitimacy, this study deploys a content analysis and a realistic laboratory experiment to assess how the use of visuals in CSR reports affects investors' perceptions. With an international sample of large companies, the content analysis explo… Show more

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Cited by 19 publications
(18 citation statements)
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“…Second, this study reveals the psychological mechanism of processing fluency (Alter & Oppenheimer, 2009). Previous research has concentrated on the role of processing fluency in terms of emojis (Wu et al, 2022), the number of images (Invernizzi et al, 2022), and labels (Mauri et al, 2021). This study not only extends the application of fluency theory in e‐commerce research, but also provides a theoretical basis for better understanding the cognitive state of consumers.…”
Section: Research Findings and Discussionmentioning
confidence: 99%
“…Second, this study reveals the psychological mechanism of processing fluency (Alter & Oppenheimer, 2009). Previous research has concentrated on the role of processing fluency in terms of emojis (Wu et al, 2022), the number of images (Invernizzi et al, 2022), and labels (Mauri et al, 2021). This study not only extends the application of fluency theory in e‐commerce research, but also provides a theoretical basis for better understanding the cognitive state of consumers.…”
Section: Research Findings and Discussionmentioning
confidence: 99%
“…From a managerial standpoint, it is important for companies to disclose information in a modern, timely, convenient and effective way (Invernizzi et al. , 2022).…”
Section: Literature Review and Backgroundmentioning
confidence: 99%
“…From a managerial standpoint, it is important for companies to disclose information in a modern, timely, convenient and effective way (Invernizzi et al, 2022). According to Goodman (1994), three concepts form the cornerstones of corporate communications: the concepts of stakeholders, identity and reputation.…”
Section: The Implementation Of Sustainability Corporate Reportingmentioning
confidence: 99%
“…Although sustainability/CSR reporting is particularly rich in visual images (Davison, 2015), research in this domain is still primarily focused on textual narratives (Chong et al, 2022a(Chong et al, , 2022bZeng et al, 2022), with an insufficient but increasing emphasis on visual elements (Hrasky, 2012). Visual elements are remembered more easily and precisely than simple text (Ruiz-Garrido et al, 2005;Invernizzi et al, 2022). In fact, Davison (2015, p. 58) states that "visualisation can give essential framing and impression management to the reception of information and hence impact decision making".…”
Section: Use Of Visual Elements In Sustainability/corporate Responsib...mentioning
confidence: 99%