Abstract
The purpose of this article is to promote an increase in the number of enterprises that will disclose corporate social responsibility (CSR) information, and to improve on their quality of CSR information disclosure. Using the theory of organizational ecology, we propose that the density of companies that disclose CSR information in a region has an impact on both the quality and the performance of CSR disclosures. The study results suggest that an increase in the density of CSR information disclosing enterprises in a region will increase the number of enterprises with disclosure intentions. A density increase has a nonlinear influence on the quality of CSR information disclosure and on corporate performance, where the influence of disclosing enterprises’ density on corporate performance is partly mediated by the quality of CSR information disclosure. Our research also shows that the impact of density change of disclosing enterprises on the quality of CSR information disclosure is mediated by corporate capital structure.
Highlights
Enterprises engaging in socially responsible behaviors toward employees, consumers, environments, societies, and other stakeholders can help decrease the social gap between the rich and the poor, reduce environmental pollution, and mitigate climate change [1,2]
We wish to determine whether an increase in the number of disclosing enterprises in a region will affect the quality of corporate social responsibility (CSR) information disclosure and corporate performance
This paper studies the impact of CSR information disclosure on the corporate performance of enterprises from a regional perspective
Summary
Enterprises engaging in socially responsible behaviors toward employees, consumers, environments, societies, and other stakeholders can help decrease the social gap between the rich and the poor, reduce environmental pollution, and mitigate climate change [1,2]. It is supposed that the behavior and quality of CSR information disclosure are consistent actions arising from corporate decision-making This assumes that the decision to provide disclosure of CSR information is biased with an intent to support a focal enterprise’s economic purposes. We wish to determine whether an increase in the number of disclosing enterprises in a region will affect the quality of CSR information disclosure and corporate performance. It extends theoretical research on CSR information disclosure from a regional perspective It explains the relationship between the number of disclosing enterprises in a region, the quality of CSR information disclosures, and corporate performance. We wish to highlight that the value-added effect of CSR information disclosure to enterprises is an improvement to their capital structure This is a contribution that is in line with the economic value perspective of CSR information disclosure theory.
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