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The Evolution and Determinants of Corporate Social Responsibility (CSR) Disclosure in a Developing Country: Extent and Quality

Soobaroyen, Teerooven and Ramdhony, Dinesh and Rashid, Afzalur and Gow, Jeff (2022) 'The Evolution and Determinants of Corporate Social Responsibility (CSR) Disclosure in a Developing Country: Extent and Quality.' Journal of Accounting in Emerging Economies. ISSN 2042-1168 (In Press)

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We examine the evolution and determinants of the extent and quality of corporate social responsibility (CSR) disclosure in a developing country (Mauritius). CSR disclosures from annual reports of all listed companies were hand-collected for a 12-year period (2007-2018). The extent of disclosure was measured using a dichotomous index (41 items) while the quality of each disclosure item was assessed on a three-point scale. We rely on organisational legitimacy and resource dependence theories to investigate (i) trends in CSR disclosure extent and quality (ii) the role of selected board and firm characteristics, namely the business qualifications of board members, extent of cross-directorships, and the firm’s use of employee volunteering scheme, on CSR disclosure. CSR disclosure extent, notably in relation to environment and human resources, gradually increased to an overall score of 45%. Comparatively, the quality of disclosures was low, with an average score of 20%. The proportion of business-qualified directors is only positively associated with CSR disclosure extent. The extent of cross-directorships is negatively associated with CSR disclosure quality while employee volunteering is positively associated with disclosure extent and quality. The findings reveal the relatively low quality of information being disclosed, and in spite of CSR and governance reforms, there seems to be limited influence from the board of directors and their networks; prompting a call to foster greater board engagement on CSR matters. The results also highlight the need for a multi-dimensional assessment of CSR disclosure.

Item Type: Article
Uncontrolled Keywords: CSR Disclosure; Legitimacy; Resource Dependence; Developing Country; Mauritius
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 11 Apr 2022 11:23
Last Modified: 25 May 2022 04:41

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