Impact of corporate social responsibility disclosures on financial performance

Alam, Rudro and Zhang, Zheqi and Al Hazaima, Huthaifa (2018) Impact of corporate social responsibility disclosures on financial performance. Applied Management Conference, Hamilton, New Zealand, 23-25 October, 2018.

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Abstract or Summary

The purpose of this study is to explore the impact of corporate social responsibility (CSR) disclosure on the financial performance of industrial companies operating in Australia. The study adopts a quantitative methodological approach. Using a statistical analysis technique, the study makes use of regression analysis to explore the relation between the independent variable (number of CSR achievements) and the dependent variable (average share price). The number of CSR achievements was extracted from annual reports using content analysis. The average share price was taken from the annual reports. The total sample is 10 industrial companies listed in Australian Stock Exchange (ASX), and the sample comprises 50 annual reports. The result of the analysis shows that overall there is positive relationship between CSR disclosure and the financial performance of listed Australian companies operating in the industrial sector of the economy. It is recommended that these companies pay more attention to their CSR disclosure, and view it to achieve better financial performance.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:corporate social responsibility, CSR, accounting, business
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6525
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Deposited On:18 Dec 2018 00:10
Last Modified:18 Dec 2018 00:10

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