ŠVECOVÁ, Jana and 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.
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Basic information
Original name Happy to share what I do: effect of financial performance and performance feedback on CSR reporting
Authors ŠVECOVÁ, Jana (203 Czech Republic, guarantor, belonging to the institution) and Michal JIRÁSEK (203 Czech Republic, belonging to the institution).
Edition Innovation Management, Entrepreneurship and Sustainability Conference (IMES), 2019.
Other information
Original language English
Type of outcome Presentations at conferences
Field of Study 50204 Business and management
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/19:00110890
Organization unit Faculty of Economics and Administration
Keywords in English Corporate social responsibility; Financial performance; Performance feedback; CSR reporting
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 2/4/2020 15:46.
Abstract
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.
Links
MUNI/A/1148/2018, interní kód MUName: Faktory ovlivňující rozhodování stakeholderů: Experimenty
Investor: Masaryk University, Category A
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