企业社会责任报告背后的驱动力 [2]
论文作者:英语论文论文属性:论文指导登出时间:2015-09-02编辑:Karlie点击率:17261
论文字数:4553论文编号:org201508311626076982语种:英语 English地区:美国价格:免费论文
关键词:Corporate SocialResponsibilityfinancial performanceCSR
摘要:本论文主要论述了企业社会责任报告背后的驱动力,分为三个部分分别探讨了什么是企业社会责任,企业社会责任背后的驱动力和企业社会责任报告。
of a corporation? To answer this question we have decided to dedicate our literature study to the investigation of the relationship between corporate social responsibility and financial performance. By comparing several studies available on this topic we hope to be able to get a better understanding of the
methodology used and the diversity of results obtained from these studies. In performing this literature study we hope to perform a preliminary investigation which will provide us with interesting ideas for our empirical study.
The rest of the paper has the following structure. Chapter 2 discusses corporate social responsibility (CSR), the motivations behind CSR and the developments in corporate social responsibility reporting. Chapter 3 explores the relationship between CSR and financial performance by means of a
literature review. Chapter 4 concludes.
1.0企业社会责任Corporate Social Responsibility
The purpose of this chapter is to obtain a better understanding of what corporate social responsibility (CSR) is about. To achieve this goal we will examine the definition of and the motives behind CSR. Additionally we will provide an overview of the state and recent developments in corporate social responsibility reporting. However, before dealing with CSR we would like to start by briefly addressing the issue of (voluntary) disclosure.
In this paper we would like to investigate whether financial performance is a drive behind CSR reporting. Currently, many corporations disclose information on their CSR performance on a voluntary basis. Before having a closer look at the possible drive behind this form of voluntary disclosure, let us start by looking at the term disclosure. Corporations use disclosures to communicate their financial and non-financial information to outside investors and other related parties (stakeholders). Disclosures play an essential role as they assist in diminishing information asymmetry between the corporation and its stakeholders and contribute to an effective allocation of resources in society (Popa and Peres, 2008, p. 1407).
When looking at reporting we can distinguish between compulsory and voluntary disclosures.
Compulsory disclosures are defined as disclosures that are determined by national or international professional organizations or government authorities. For instance, the annual financial statements that have to be issued according to generally accepted
Accounting principles (GAAP) or the International Financial Reporting Standards (IFRS). Another example of compulsory disclosures are internal control reports by public companies which are required by the Section 404 of the Sarbanes-Oxley Act (2002). Voluntary disclosure forms a much needed addition to compulsory disclosure, which in most of the cases seems to be insufficient in meeting user's information needs. Meek, Roberts and Gray defined voluntary disclosure as follows: 'disclosure in excess of requirements, which represents free choices on the part of a company's management to provide accounting and other information deemed relevant to the users of their annual reports' (1995, p. 555). Management mostly uses voluntary disclosures as an instrument for differentiation of their company from other companies.
With the rise of multinational corporations in the early 1970s, the term 'corporate social responsibility' (CSR) came into use. During the past years CSR
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