Happy to share what I do: effect of financial performance and
performance feedback on CSR reporting

k 2019

Happy to share what I do: effect of financial performance and performance feedback on CSR reporting

ŠVECOVÁ, Jana a Michal JIRÁSEK

Základní údaje

Originální název

Happy to share what I do: effect of financial performance and performance feedback on CSR reporting

Autoři

ŠVECOVÁ, Jana (203 Česká republika, garant, domácí) a Michal JIRÁSEK (203 Česká republika, domácí)

Vydání

Innovation Management, Entrepreneurship and Sustainability Conference (IMES), 2019

Další údaje

Jazyk

angličtina

Typ výsledku

Prezentace na konferencích

Obor

50204 Business and management

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Kód RIV

RIV/00216224:14560/19:00110890

Organizační jednotka

Ekonomicko-správní fakulta

Klíčová slova anglicky

Corporate social responsibility; Financial performance; Performance feedback; CSR reporting

Změněno: 2. 4. 2020 15:46, Mgr. Daniela Marcollová

Anotace

V originále

Purpose: The purpose of this paper is to investigate the impact of a corporate financial performance (CFP) on corporate social responsibility (CRS) reporting, regarding both the overall level of disclosure and its changes. Design/methodology/approach: We use panel data models on a sample of the US companies that were part of S&P500 stock market index by June 2018. Data are retrieved from Bloomberg database, and we use ROA as a financial performance measure and ESG disclosure score as a proxy for CSR reporting. Findings: The results show that the overall level of CSR reporting is not affected by ROA. However, its changes are subject to performance feedback and we identify inverted U-shape effect for negative performance feedback. Research/practical implications: We show that CSR reporting may be a subject to different effects of CFP than previous literature shows for CSR activities. Therefore, researchers should distinguish between the two perspectives on CSR. Additionally, our findings may be helpful in understanding the overall CFP CSR relationship. Originality/value: This paper is the first that directly test the effect of performance feedback on CSR reporting and thus significantly contributes to existing literature examining CSR CFP relationship. We show that firms react to performance feedback with changes in their CSR reporting.

Návaznosti

MUNI/A/1148/2018, interní kód MU

Název: Faktory ovlivňující rozhodování stakeholderů: Experimenty

Investor: Masarykova univerzita, Faktory ovlivňující rozhodování stakeholderů: Experimenty, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

ŠVECOVÁ, Jana a Michal JIRÁSEK. Happy to share what I do: effect of financial performance and performance feedback on CSR reporting. In Innovation Management, Entrepreneurship and Sustainability Conference (IMES). 2019.

@proceedings{1567037,
   author = {Švecová, Jana and Jirásek, Michal},
   booktitle = {Innovation Management, Entrepreneurship and Sustainability Conference (IMES)},
   keywords = {Corporate social responsibility; Financial performance; Performance feedback; CSR reporting},
   language = {eng},
   title = {Happy to share what I do: effect of financial performance and performance feedback on CSR reporting},
   year = {2019}
}

TY  - CONF
ID  - 1567037
AU  - Švecová, Jana - Jirásek, Michal
PY  - 2019
TI  - Happy to share what I do: effect of financial performance and performance feedback on CSR reporting
KW  - Corporate social responsibility
KW  - Financial performance
KW  - Performance feedback
KW  - CSR reporting
N2  - Purpose: The purpose of this paper is to investigate the impact of a corporate financial performance (CFP) on corporate social responsibility (CRS) reporting, regarding both the overall level of disclosure and its changes. Design/methodology/approach: We use panel data models on a sample of the US companies that were part of S&P500 stock market index by June 2018. Data are retrieved from Bloomberg database, and we use ROA as a financial performance measure and ESG disclosure score as a proxy for CSR reporting. Findings: The results show that the overall level of CSR reporting is not affected by ROA. However, its changes are subject to performance feedback and we identify inverted U-shape effect for negative performance feedback. Research/practical implications: We show that CSR reporting may be a subject to different effects of CFP than previous literature shows for CSR activities. Therefore, researchers should distinguish between the two perspectives on CSR. Additionally, our findings may be helpful in understanding the overall CFP CSR relationship. Originality/value: This paper is the first that directly test the effect of performance feedback on CSR reporting and thus significantly contributes to existing literature examining CSR CFP relationship. We show that firms react to performance feedback with changes in their CSR reporting.
ER  -

ŠVECOVÁ, Jana a Michal JIRÁSEK. Happy to share what I do: effect of financial performance and performance feedback on CSR reporting. In \textit{Innovation Management, Entrepreneurship and Sustainability Conference (IMES)}. 2019.

Podrobný výpis o publikaci