Title: Determinants of corporate social responsibility disclosures: the case of the US companies

Authors: Grigoris Giannarakis

Addresses: Department of Financial Applications, Technological Education Institute (TEI) of West Macedonia, Kila 50100, Kozani, Greece

Abstract: The aim of this study is to increase understanding of the potential effects of corporate characteristics on the extent of corporate social responsibility (CSR) disclosure. The sample consists of companies from the Fortune list for the year 2011 as they are more likely to disclose CSR information. The environmental, social, and governance disclosure scores are introduced in order to determine the extent of CSR disclosure. Results based on the multiple regression models indicate a positive relationship of CSR disclosure to the return on sales, the return on equity and assets while the financial leverage is negatively related with CSR disclosure.

Keywords: corporate social responsibility; CSR disclosure; corporate governance; financial indicators; USA; United States; multiple regression modelling; return on sales; return on equity; return on assets; financial leverage.

DOI: 10.1504/IJISCM.2013.058325

International Journal of Information Systems and Change Management, 2013 Vol.6 No.3, pp.205 - 221

Received: 18 Mar 2013
Accepted: 08 May 2013

Published online: 05 Jul 2014 *

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