Do large firms just talk corporate social responsibility? - The evidence from CSR report disclosure

Pi-Hui Ting

Finance Research Letters, 2021, vol. 38, issue C

Abstract: Using a sample of Taiwanese listed companies during 2010–2016, this paper examines how firm size affects corporate social responsibility report disclosure and the moderating effect of firm size in the relationship of CSR disclosure and firm financial performance. The results show that firm size positively affects firms’ CSR disclosure. Moreover, CSR disclosure has a positive impact on firm financial performance, and the positive effect is stronger for small firms that have less employees. For small firms, CSR disclosure does improve financial performance. However, large firms just talk CSR, and thus the CSR disclosures of large firms have no impact on firm performance.

Keywords: Corporate social responsibility; Financial performance; CSR disclosure; Firm size (search for similar items in EconPapers)
JEL-codes: G32 G34 L25 M14 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612319301722

DOI: 10.1016/j.frl.2020.101476

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