Notice of Retraction The influence of investment and CEO international experience on corporate social responsibility (CSR) disclosure

Abstract

Corporate social responsibility (CSR) disclosure issues have been extensively discussed in past studies. In Malaysia studies that examine the factors affecting CSR disclosure by the company using the Resource-Based View (RBV) theory are still scarce. This study provides an insight into the factors affecting CSR disclosure of the companies in the context of RBV. Using CSR disclosure indeces of 150 Malaysian public listed companies in sensitive industries published in their 2007 annual reports, this study examines the relationship between investments and the chief executive officers' (CEO) international experience with CSR disclosure. The findings show that there is a significant positive relationship between investment and CSR disclosure. This implies investors will choose to invest in companies with good CSR disclosure since they feel greater confidence on their investments being secure. However, there is an insignificant relationship between the CEOs' international experiences with CSR disclosure. Thus, a company whose CEO has extensive international experience does not hold any advantage over a homegrown CEO in improving CSR disclosure.