Suchergebnisse

The way how multinational corporations integrate CSR activities into their business practices and communicate them to stakeholders can significantly impact their market position and business reputation. This paper evaluates the perceived level of preparedness for non-financial reporting associated with social, environmental, and economic CSR activities in selected multinational corporations operating in the Czech Republic. A questionnaire survey for this research was conducted between September 2021 and January 2022, targeting a specific group of multinational corporations established in EU countries and operating in the Czech Republic. As non-financial reporting is expected to be extended to a considerably large number of companies in the near future, this research has high practical relevance for stakeholders involved in decision-making processes. It is valuable for academics as well as the findings revealed statistically significant differences in the understanding of the degree of preparedness for non-financial reporting on individual CSR activities among the respondents. Doi: 10.28991/ESJ-2024-08-03-013 Full Text: PDF

Purpose
The purpose of this study is to focus on examining whether third-party assurance (TPA) and mandatory corporate social responsibility reporting (MCSR) matter in the association between philanthropic giving (PHG) and listed firms' financial performance.


Design/methodology/approach
Using the Indian stock market as a testing ground, the study used interactive regression and panel regression to analyse 80 sustainability-reporting firms with 800 firm-year observations between 2010 and 2019.


Findings
The first findings show a positive association between PHG and financial performance (return on assets, ROA and stock price returns, SPR). Also, the study shows that the interactive variable of MCSR and PHG has a mixed association with financial performance. The second findings show a positive and statistically significant association between TPA and SPR. Also, the interactive effect of TPA and PHG has a negative association with return on equity (ROE) and a positive association with SPR. The third findings show a negative association between MCSR and financial performance (ROA and ROE) and a positive association with SPR. However, when a firm combines MCSR and TPA, the outcome is a negative association with ROE. The fourth findings show that MCSR has a positive association with TPA. The study control for any form of heteroscedasticity, serial correlation and endogeneity effects.


Practical implications
Managers, if given a choice, must opt for TPA over MCSR because the βcoefficient is higher in TPA than MCSR in PHG-financial performance nexus.


Originality/value
The study addresses the information asymmetry problem from the application of TPA and MCSR, which is new to an emerging economy context.

In the first study, I empirically investigate the association between 'Corporate Social Responsibility' (CSR) preferences of external and internal non-shareholder stakeholders and mandatory CSR reporting in a setting of 'German Savings Banks' (GSBs). Pertinent previous research mainly focuses on the predominant CSR information demands of shareholders. At the same time, the link between CSR preferences of non-shareholder stakeholders and mandatory CSR reporting receives comparatively little attention. I aim at addressing this research gap by using a sample of 125 GSBs within the scope of a C...

In the first study, I empirically investigate the association between 'Corporate Social Responsibility' (CSR) preferences of external and internal non-shareholder stakeholders and mandatory CSR reporting in a setting of 'German Savings Banks' (GSBs). Pertinent previous research mainly focuses on the predominant CSR information demands of shareholders. At the same time, the link between CSR preferences of non-shareholder stakeholders and mandatory CSR reporting receives comparatively little attention. I aim at addressing this research gap by using a sample of 125 GSBs within the scope of a C...

The implementation of China's mandatory corporate social responsibility (CSR) disclosure in 2008 provides us with a natural experiment setting. In this paper, we examine the effects of mandatory CSR disclosure on the levels of firms' tax avoidance and tax incidence. By using a difference-in-differences model, we predict and find that mandatory CSR reporting firms tend to be less tax aggressive. Then we test who bears the burden of the effective tax rate increase. It shows that the increase of effective tax rate causes a drop in firm output and imposes a tax burden on the firms' consumers. The reduction in output also reduces demand for the firms' inputs and after-tax returns, passing tax burden to suppliers, other stakeholders, employees, and shareholders. In contrast, there is no evidence that the decrease of firms' tax avoidance activities influences the tax incidence of governments, banks, and other creditors. These findings provide evidence that mandatory CSR disclosure changes firm tax planning activities and indeed influences the costs of various stakeholders.