Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review

Based on a survey and content analysis of 76 empirical research articles, this article reviews the factors driving Corporate Social Responsibility (CSR) disclosure in both developed and developing countries. We find that firm characteristics such as company size, industry sector, profitability, and...

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Bibliographic Details
Published in:Corporate social-responsibility and environmental management 2017-07, Vol.24 (4), p.273-294
Main Authors: Ali, Waris, Frynas, Jedrzej George, Mahmood, Zeeshan
Format: Article
Language:English
Subjects:
Content analysis
Corporate responsibility
Corporate Social Responsibility
CSR reporting
Determinants
determinants of CSR disclosure
Developed countries
Developing countries
Economics
Empirical analysis
Environmentalists
Industrialized nations
International regulations
LDCs
Literature reviews
Media
Political factors
Profitability
Regulators
Social responsibility
Studies
sustainability reporting
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Summary:Based on a survey and content analysis of 76 empirical research articles, this article reviews the factors driving Corporate Social Responsibility (CSR) disclosure in both developed and developing countries. We find that firm characteristics such as company size, industry sector, profitability, and corporate governance mechanisms predominantly appear to drive the CSR reporting agenda. Furthermore, political, social, and cultural factors influence the CSR disclosure agenda. We find crucial differences between the determinants of CSR disclosure in developed and developing countries. In developed countries, the concerns of specific stakeholders, for example, regulators, shareholders, creditors, investors, environmentalists and the media are considered very important in disclosing CSR information. In developing countries, CSR reporting is more heavily influenced by the external forces/powerful stakeholders such as international buyers, foreign investors, international media and international regulatory bodies (e.g. the World Bank). Furthermore, in contrast to developed countries, firms in developing countries perceive relatively little pressure from the public with regards to CSR disclosure. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment
ISSN:1535-3958
1535-3966
DOI:10.1002/csr.1410