Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci Essay example
Masters
Essay
Finance & Accounting
Pages 6 (1506 words)
Download 0
Corporate Social Responsibilities Introduction In the present scenario, a large number of companies all over the world are voluntarily performing corporate social responsibilities. The corporate social responsibility (CSR) reporting has become very important with the increase of the public interest in the CSR activities performed by the organizations…

Introduction

Similarly, disclosure of the information related to these CSR activities have become an important part of the CSR activities of the organizations. Importance of CSR Reports This trend has made its mark due to the lack of reliance on the information which is voluntarily given out by the companies as compared to the real contribution to the society. From the perspectives of academics, there is an accepted theory which widely discusses the reasons which motivates the companies to disclose their CSR information. Majority of the information provided in the CSR reports were previously considered to be the decisions or activities belonging to the private domain of these organizations. The theoretical explanation states that the organizations provide CSR performance related information to general public for satisfying their primary needs and portraying themselves as very responsible members of the society. This legitimacy enables the organizations in pursuing the primary purpose of attaining sustainable profitability which is the most important goal of all the business activities. ...
Download paper
Not exactly what you need?

Related papers

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
This view is consistent with stakeholder theory which holds that firms are under a duty to take account of the interest “of all parties affected by their actions” (Branco & Rodrigues, 2007, p. 7). In this regard, CSR involves a variety of issues reflecting the firm’s societal involvement and include ethics, governance, philanthropy, product and environmental safety, human rights and social…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Emphasizing on the corporate social responsibility has become a core part of the public policies for development of private sectors within the framework of the international cooperation development. It is considered a deliberate choice for an enterprise to give back to the community and to respond the environment crises while maintaining relations with the shareholders and stakeholders based on…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
The companies categorize the nature and magnitude of their impacts on the society and other related areas as well as their management quality in relation to processes and people employed. The corporate social responsibility reports outline the various companies’ achievements and progress in the corporate society. The information portrayed in the reports must be justifiable and be up-to-date with…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
the material costs relating to regulatory compliance. In the developed countries i.e. United States, Canada, and Australia among other countries, there has been a growing need for CSR reporting i.e. because of the stakeholders’ pressure and increased public awareness. Company’s shareholders, stakeholders and CSR reporting One of the key reasons why companies prepare the CSR reports is to offer…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
With this report the companies aim to improve the communications between the broader society and the corporate world. These are collectively called an accounting to the society. CSR report includes the financial facts that are the key interest of the investor. This report discusses the relations it has with all its stakeholders like employees, communities, customers, suppliers, governments and…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Sustainability disclosure was the province of a few community oriented or unusually green companies. Today, it is a best practice employed by companies worldwide. CSR reporting helps organisations to evaluate their social and environmental scenarios and improve the efficiency of operations and conserve natural resources which in turn are important factors for shareholders, employees, and…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
The gaining momentum of CSR activities is evident from the fact that many mergers and acquisition dealings are also viewing investments in such activities as a factor for consideration prior to finalising the deal. Despite such growth in the value of CSR activities, the question as to why managers find it important to undertake these activities and whether there is any need for engaging in these…