The impact of corporate social responsibility transparency on the financial performance, brand value, and sustainability level of IT companies

Maria Ángeles Alcaide González, Elena De La Poza Plaza and Natividad Guadalajara Olmeda

Corporate Social Responsibility and Environmental Management, 2020, vol. 27, issue 2, 642-654

Abstract: The companies are aware of the impact that disseminating their corporate social responsibility (CSR) performance has on how shareholders or investors perceive them. This work analyses if disseminating CSR results affects their economic–financial results, their scores in open‐access sustainability ranking, their brand values, and also the credit ratings that agencies S&P and Moody's confer them. For this purpose, the only 13 companies of the IT sector occupying a top 100 brand rankings position were selected. The results reveal that large companies come over as being more transparent in terms of sustainability, but this transparency is not related to their financial behaviour. Brand rankings collect socio‐economic and environmental information, but only the transparency in social and environmental aspects explains the public‐access CRS rankings. Finally, the results also show that this transparency affects credit ratings.

Date: 2020
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https://doi.org/10.1002/csr.1829

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Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:27:y:2020:i:2:p:642-654

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