CSR performance and CSR disclosure persistency: Empirical evidence of the US hypercompetitive industry

• Kamaludin ^[1] ; Berto Usman ^[1] ; Muhammad Rusdi ^[1] ; Weni Susanti ^[2]
  1. [1] University of Bengkulu

     University of Bengkulu

     Indonesia

     
  2. [2] Tridinanti University of Palembang, Indonesia
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 67, Nº. 2, 2022
• Idioma: inglés
• Títulos paralelos:
  • Desempeño de la RSC y persistencia de la divulgación de la RSC: evidencia empírica de la industria hipercompetitiva de EE. UU.
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Nuestro estudio examina la relación entre el desempeño de la Responsabilidad Social Corporativa (RSC) y la persistencia de la divulgación de la RSC. La investigación acerca de cómo el desempeño de la RSC y la divulgación de la RSC están vinculados entre sí ha llamado la atención de los académicos contables, pero dicho estudio no ha mostrado evidencia empírica sobre cómo el desempeño de la RSC está relacionado con la persistencia de la divulgación de la RSC. De este modo, nuestro estudio ofrece una novedad acerca de la específica relación entre el desempeño de la RSC y la persistencia de la divulgación de la RSC. Empleando datos de 83 empresas (498 observaciones empresa-año) que operaban en la industria hipercompetitiva estadounidense (es decir, software y hardware) entre 2011 y 2016, descubrimos que el desempeño de la RSC está relacionado positivamente con la persistencia de la divulgación de la RSC. Además, analizamos si la membresía de la industria (es decir, bien de la industria del software o bien de la industria del hardware) comporta alguna diferencia con respecto a la persistencia de la divulgación de la RSC. Documentamos que las muestras clasificadas en la industria del hardware se enfrentan a una mayor presión medioambiental y social, lo que sugiere una mayor propensión a comprometerse con una divulgación persistente de la RSC a lo largo del tiempo en comparación con sus pares en la industria del software.

  • English

    The relationship between Corporate Social Responsibility (CSR) performance and CSR disclosure persistency should be necessarily examined to attract the attention of scholars amid empirical evidence.

    Therefore, this study aims to offer a novelty concerning the relationship between CSR performance and CSR disclosure persistency. The results obtained from the data of 83 companies (498 firm-year observations) operating in the American (US) hypercompetitive industry (i.e., software and hardware) from 2011 to 2016 showed that CSR performance is positively associated with CSR disclosure persistency. Furthermore, the differences between the industry membership (i.e., software vs. hardware industry) and the persistence of CSR disclosure were tested. The samples classified in the hardware industry were reported to face more environmental and social pressure, suggesting more propensity of engaging with persistent CSR disclosure over time than their peers in the software industry

• Referencias bibliográficas
  • Al-Tuwaijri, S. A., Christensen, T. E., & Hughes, K. E. (2004). The relations among environmental disclosure, environmental performance,...
  • Amir, E., & Lev, B. (1996). Value-relevance of nonfinancial information: The wireless communications industry. Journal of Accounting...
  • Ashbaugh, H., Johnstone, K. M., & Warfield, T. D. (1999). Corporate reporting on the internet. Accounting Horizons, 13(3), 241–257. https://doi.org/10.1108/02686900410524418
  • Bagnoli, M., & Watts, S. G. (2017). Voluntary assurance of voluntary CSR disclosure. Journal of Economics and Management Strategy, 26(1),...
  • Baltagi, B. H. (2008). Econometric analysis of panel data. Econometric Theory, 13(05), 351. https://doi.org/10.1017/S0266466600006150
  • Baumeister, S., & Gutsche, R. (2017). The impact of CSR reporting quality on analyst forecast accuracy. Retrieved from https://www.alexandria.unisg.ch/251911/1/BG_CSR2017.pdf
  • Bebbington, J., Larrinaga, C., & Moneva, J. M. (2008). Corporate social reporting and reputation risk management. Accounting, Auditing...
  • Benlemlih, M., Shaukat, A., Qiu, Y., & Trojanowski, G. (2016). Environmental and social disclosures and firm risk. Journal of Business...
  • Bhattacharyya, A. (2015). Corporate social and environmental responsibility in an emerging economy: Through the lens of legitimacy theory....
  • Bogner, W. C., & Barr, P. S. (2000). Making sense in hypercompetitive environments: A cognitive explanation for the persistence of high...
  • Bowrey, G., & Clements, M. (2019). Supply chain legitimation through CSR reporting. Australasian Accounting, Business and Finance Journal,...
  • Braam, G. J. M., Uit De Weerd, L., Hauck, M., & Huijbregts, M. A. J. (2016). Determinants of corporate environmental reporting: The importance...
  • Brammer, S., & Pavelin, S. (2008). Factors influencing the quality of corporate environmental disclosure. Business Strategy and the Environment,...
  • Cheng, B., Ioannou, I., & Serafeim, G. (2014). Corporate social responsibility and access to finance. Strategic Management Journal, 35(1),...
  • Cho, C. H., Michelon, G., & Patten, D. M. (2012). Impression management in sustainability reports: An empirical investigation of the...
  • Cho, C. H., & Patten, D. M. (2007). The role of environmental disclosures as tools of legitimacy: A research note. Accounting, Organizations...
  • Cormier, D., & Magnan, M. (2015). The economic relevance of environmental disclosure and its impact on corporate legitimacy: An empirical...
  • Cormier, D., Magnan, M., & Van Velthoven, B. (2005). Environmental disclosure quality in large German companies: Economic incentives,...
  • Craig, R. J., & Brennan, N. M. (2012). An exploration of the relationship between language choice in CEO letters to shareholders and...
  • Dhaliwal, D., Li, O. Z., Tsang, A., & Yang, Y. G. (2014). Corporate social responsibility disclosure and the cost of equity capital:...
  • Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation...
  • Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & Yang, Y. G. (2012). Nonfinancial disclosure and analyst forecast accuracy: International...
  • Faisal, F., Tower, G., & Rusmin, R. (2012). Legitimising corporate sustainability reporting throughout the world. Australasian Accounting,...
  • Fekrat, A. M., Inclan, C., & Petroni, D. (1996). Corporate environmental disclosures: Competitive disclosure hypothesis using 1991 annual...
  • Freeman, R. E. E., & McVea, J. (1984). A stakeholder approach to strategic management. https://doi.org/10.2139/ssrn.263511
  • Friedman, A. L., & Miles, S. (2002). Developing stakeholder theory. Journal of Management Studies, 39(1), 1–21. https://doi.org/10.1111/1467-6486.00280
  • Hackston, D., & Milne, M. J. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting,...
  • Hooghiemstra, R. (2000). Corporate communication and impression management–new perspectives why companies engage in corporate social reporting....
  • Jowit, J. (2010). World's top firms cause $2.2tn of environmental damage, report estimates. Retrieved from The Guardian website: https://www.theguardian.com/environment/2010/feb/18/worldstop-firms-environmental-damage
  • Kolk, A. (2010). Trajectories of sustainability reporting by MNCs. Journal of World Business, 45(4), 367– 374. https://doi.org/10.1016/j.jwb.2009.08.001
  • Lee, C.-H., Venkatraman, N., Tanriverdi, H., & Iyer, B. (2010). Complementarity-based hypercompetition in the software industry: Theory...
  • Lennox, C. S., Francis, J. R., & Wang, Z. (2012). Selection models in accounting research. The Accounting Review, 87(2), 589–616. https://doi.org/10.2308/accr-10195
  • Lindblom, C. K. (1994). The implications of organizational legitimacy for corporate social performance and disclosure. Paper Presented at...
  • Merkl-Davies, D. M., & Brennan, N. M. (2007). Discretionary disclosure strategies in corporate narratives: incremental information or...
  • Michelon, G., Pilonato, S., Ricceri, F., & Roberts, R. W. (2016). Behind camouflaging: Traditional and innovative theoretical perspectives...
  • Miralles-Quiros, M. del M., Miralles-Quiros, J. L., & Arraiano, I. G. (2017). Are Firms that Contribute to Sustainable Development Valued...
  • Moneva, J. M., & Cuellar, B. (2009). The value relevance of financial and nonfinancial environmental reporting. Environmental and Resource...
  • Muslu, V., Mutlu, S., Radhakrishnan, S., & Tsang, A. (2019). Corporate social responsibility report narratives and analyst forecast accuracy....
  • Patten, D. M. (2002). The relation between environmental performance and environmental disclosure: A research note. Accounting, Organizations...
  • Rodrigue, M., Magnan, M., & Cho, C. H. (2013). Is environmental governance substantive or symbolic? An empirical investigation. Journal...
  • Rutherford, B. A. (2003). Obfuscation, textual complexity and the role of regulated narrative accounting disclosure in corporate governance....
  • Schumpeter, J. A. (1976). Capitalism, socialism and democracy. In Capitalism, Socialism and Democracy. https://doi.org/10.4324/9780203857090
  • Simnett, R., & Nugent, M. (2007). Assurance standard. Australian Accounting Review, 17(2), 37–47.
  • Simpson, A. (2010). Analysts' use of nonfinancial information disclosures. Contemporary Accounting Research, 27(1), 249–288. https://doi.org/10.1111/j.1911-3846.2010.01008.x
  • Stanny, E. (2013). Voluntary disclosures of emissions by US firms. Business Strategy and the Environment, 22(3), 145–158. https://doi.org/10.1002/bse.1732
  • Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571–610. https://doi.org/10.5465/AMR.1995.9508080331
  • Usman, B. (2020a). CSR performance, firm's attributes, and sustainability reporting. International Journal of Business and Society, 21(2),...
  • Usman, B. (2020b). CSR reports, CSR disclosure quality, and corporate reputations: A systematic literature review. Indonesian Journal of...
  • Usman, B., Bernardes, O. T. F., & Kananlua, P. S. (2020). On the nexus between CSR practices, ESG performance, and asymmetric information....
  • Usman, B., & Yennita, Y. (2018). CSR Practice and asymmetry information of Indonesian public listed companies. International Research...
  • Wakabayashi, D., Griffith, E., Tsang, A., & Conger, K. (2018). Google walkout: Employees stage protest over handling of sexual harassment....
  • Wiggins, R. R., & Ruefli, T. W. (2005). Schumpeter's ghost: Is hypercompetition making the best of times shorter? Strategic Management...