Int. J. of Sustainable Society   »   2015 Vol.7, No.3



Title: Determinants of social and environmental responsibility disclosures


Author: Grigoris Giannarakis


Address: Department of Business of Administration, Technological Educational Institution of Western Macedonia, Mirsina, Grevena, 51100, Greece


Abstract: This study investigates the relationship between social disclosures and environmental disclosures to six corporate characteristics, namely, return on sales, return on equity, leverage, board meetings of directors, board size and corporate size. For the purpose of the study, a sample of 100 companies from the Fortune 500 list is selected for the year 2011 using a social and environmental disclosure score as provided by Bloomberg database. The results based on the multiple linear regressions indicate that the return on sales and the return on equity are positively associated at both social and environmental disclosures while leverage is associated negatively. In addition, the number of board meetings has a positive relationship with the social responsibility disclosure whilst the companies' size is associated positively with that of environmental responsibility disclosure. This study presents initial empirical data investigating different types of disclosures and corporate characteristics which extend the scope of previous studies.


Keywords: corporate social responsibility; CSR; corporate governance; determinants; social disclosure; environmental disclosure; return on sales; return on equity; leverage; board of directors; board meetings; board size; firm size.


DOI: 10.1504/IJSSOC.2015.071301


Int. J. of Sustainable Society, 2015 Vol.7, No.3, pp.266 - 285


Available online: 20 Aug 2015



Editors Full text accessPurchase this articleComment on this article