Title: CSR disclosure and corporate sustainability: evidence from the Shenzhen Stock Exchange

Authors: Kemi Yekini; Han Li; Paschal Ohalehi; Aruoriwo M. Chijoke-Mgbame

Addresses: Nottingham University Business School, University of Nottingham, Jubilee Campus, UK ' Business School, University of Leicester, UK ' Department of Accounting and Finance, De Montfort University, Leicester, UK ' Department of Accounting and Finance, De Montfort University, Leicester, UK

Abstract: In this paper we examined the relationship between CSR and corporate sustainability of Chinese companies listed on the Shenzhen Stock Exchange. This is necessitated by the high demand and increase in CSR activities and disclosures around the globe. Using a sample of 317 companies, we drew insights from the triple bottom line (TBL) and stakeholder theory to investigate the relationship between CSR and corporate sustainability. Data was analysed using structural equation modelling (SEM). A major contribution of this paper is the construction of a comprehensive CSR information disclosure index capable of guiding researchers and managers in measuring their CSR activities and reporting. The study's findings revealed that most Chinese companies stayed at the intermediate level of CSR information disclosure. Although CSR disclosure in economic and social dimension has a significant positive effect on corporate sustainability, our result shows a negative relationship with CSR in environmental dimension.

Keywords: corporate social responsibility disclosure; corporate sustainability; sustainability reporting; triple bottom line; TBL; stakeholder theory.

DOI: 10.1504/IJBGE.2019.099370

International Journal of Business Governance and Ethics, 2019 Vol.13 No.3, pp.300 - 322

Received: 08 Dec 2017
Accepted: 30 Nov 2018

Published online: 22 Apr 2019 *

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