The Factors Influencing Corporate Social Responsibility...

The Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia. Ayman I. F. Issa Dongbei University of Finance and Economics Abstract The aim of this study is to investigate the relationship between the corporate social responsibility disclosure †CSRD† index and corporate factors, namely, board size, board independence, board meetings, CEO duality, a firm’s size, leverage, profitability and age. To the best of my knowledge this the first to use the GRI 4th edition indicators to construct the CSRD index and evaluate Saudi listed firms. The data covers three years from 2012- 2014 and sample of 109 listed firms from 13 sectors in Kingdom Saudi Arabia â€Å"KSA†. The results show that profitability and size factor have positive and significant association with CSR disclosure in listed Saudi firms. Keywords: Corporate Governance, Corporate Social Responsibility, Social Accounting, Sustainable Reports. 1. Introduction Corporate social responsibility â€Å"CSR† and corporate governance â€Å"CG† are prior agenda for policy makers, researchers and business managers in countries across the world. This has greater relevance after memorable cases such as Arthur Anderson, Worldcom and Enron in the USA. CG has been brought under greater scrutiny following the global financial crisis of 2007-2008 (Peters et al., 2011). Attention has been drawn to CSR since the 1950s, when firms began to claim they had responsibilities to society and that their actions couldShow MoreRelatedResearch Of Corporate Social Responsibility Report1421 Words   |  6 PagesResearch of Corporate Social Responsibility Report The recent fifteen years saw a dramatic increase of the corporate social responsibility (CSR) report. There were more than 3300 CSR reports in 2008 while the number of 2002 was less than 100. More and more companies especially some multinational corporations among the world are keen to proving the sustainability, in order to improve their corporate image and credibility (Adams, 2002). This essay will explain why there are an increasing number ofRead MoreQuantitative Positive Disclosures With Quantitative Negative Disclosures1171 Words   |  5 Pagesfirms could use SER disclosures to legitimise activities to lenders and shareholders (Haniffa and Cooke 2005). SERs can be used by managers to frame how Financial stake holders interpret financial information, specifically to manipulate stakeholders reaction to disappointing financial reports, by changing the focus and constructing a disconfirmatory effect on the financial figures (Neu et al., 1998, p.270). Qualitative positive disclosu res with quantitative negative disclosures (Gibbins et al., 1990)Read MoreAccounting Theory Assignment 21710 Words   |  7 PagesTopic: How social and environmental reporting practices undertaken by companies highlight the limitations of the conceptual framework. Introduction: Accountancy has always been concerned with mainly the accountability of directors to shareholders and companies to creditors. As companies grow larger and become more integrated with the society, this call for a focus towards sustainability and being accountable to a wider range of stakeholders (Perks, 1993). Corporate Social Responsibility is definedRead MoreEthical Issues1128 Words   |  5 PagesEthics Issues University of Phoenix MGT 216 Organizational Ethics and Social Responsibility 20th July, 2009 Ethics Issues Less than a year ago a regional property supervisor working for California Commercial Investment found an accountant stealing from the company. More specifically, the accountant was posting charges for one of our buildings (i.e. labor and supplies for painting), cutting checks, misleading the owner to sign them and cashing them for himself. He was able to steal a few thousandRead MoreCorporate Social Reporting ( Csr )1556 Words   |  7 PagesCorporate Social Reporting (CSR) Abstract Organizations embark on social and environmental reporting for a variety of different reasons and not to simply improve credibility with stakeholders; although that is a primary reason in many organizations. However, other organizations have different objectives altogether that can include a range of different motivations. Some models have broken the range of motivations into signaling or greenwashing or used legitimacy theory to explain the motivationsRead MoreSegment Reporting1368 Words   |  6 PagesAccounting Standards for the Public Sector Objective The objective of this Standard is to establish principles for reporting financial information by segments. The disclosure of this information will: (a) help users of the financial statements to better understand the entity’s past performance and to identify the resources allocated to support the major activities of the entity; and (b) enhance the transparency of financial reporting and enable the entity to better discharge its accountabilityRead MoreCritical assessment of annual report of Wm Morrison Supermarkets Plc1860 Words   |  8 Pagescompany to make their decisions. Wm Morrison Supermarkets Plc (abbreviated as â€Å"Morrisons† below) is â€Å"the UK’s fourth largest food retailer by sale† (Morrisons, 2013). This report will use Morrisons as an example to make a critical evaluation of corporate annual report. There will be mainly four parts in this report. First of all, an overview of the annual report of Morrisons will be provided. On this basis, the second part will critically assess the section of â€Å"Performance and Strategy Review† ofRead MoreAccounting Theory Assignment13240 Words   |  53 PagesFinancial Reporting and Disclosure Issues: FRANCE CL E A N S P A C E LT D 24 March 2011 By: Charn Gek Cheng, Chiang Soo Ling, Kummar Sokali Muthu Mogan, Lee Siew Fen Samantha To: Mrs Maria Long MEMORANDUM To: Mrs Maria Long, Manager Accounts Department, Cleanspace Ltd From: Date: Subject: Accounting Theory Team No. 29 24 March 2011 Report on Financial Reporting and Disclosure Practices of France Enclosed is the research on â€Å"Financial Reporting and Disclosure Practices of France† forRead MoreLegitimacy Theory Stakeholder Theory3298 Words   |  14 PagesPart A Section (i) The articles chosen for this essay paper were â€Å"Corporate Environmental Reporting: A test of legitimacy theory† by Trevor D. Wilmshurst and Geoffrey R. Frost and â€Å"The Stakeholder Theory: Concepts, Evidence and Implications† by Thomas Donaldson and Preston Lee. There were several factors that contributed to my choosing these particular articles for my study. First and foremost, these articles were both peer reviewed and the journals they were sourced from, namely theRead MoreCase Study Analysis of Royal Ahold Scandal7067 Words   |  29 PagesFinal exam assignment Introduction Over the last few decades there have been a number of cases of high profile corporate collapses and fraud scandals. In essence, the unethical behaviour of corporations affects us all, such as shareholders’ lost financial investments, employees who lost their jobs, other companies that provided goods and services to the company, as well as the economic impact on domestic and international communities. In this paper I will focus on the case study of Royal Ahold