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The Impact of Social Responsibility Disclosure on Corporate Financial Health: Evidences from Some Italian Public Companies

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  • Mauro Sciarelli
  • Mario Tani
  • Giovanni Landi
  • Ornella Papaluca

Abstract

Companies are today often seen as one actor in a complex system linking all the actors with several, different ties, and binding them by a social contract asking each of them to meet the expectations of the other social actors in the same context, in order to get the legitimacy they need. Corporations can adopt social disclosure to increase their legitimacy towards all stakeholders, influencing their behavior and leading to the creation of a positive Corporate Association (Brown and Dacin, 1997). In this paper we investigate the relationship between Social Responsibility Disclosure practices and Corporate Performance. We develop a framework to study this topic through several perspectives: External evaluation (Ethical Ratings), utilization of specific behaviors (Ethical Labels), Principle (Code of Ethics) and Behaviors (Social Reports) disclosure. In order to get a first understanding of these relationships we have selected a sample of Italian Companies listed on the italian stock exchange.

Suggested Citation

  • Mauro Sciarelli & Mario Tani & Giovanni Landi & Ornella Papaluca, 2019. "The Impact of Social Responsibility Disclosure on Corporate Financial Health: Evidences from Some Italian Public Companies," International Business Research, Canadian Center of Science and Education, vol. 12(3), pages 109-122, March.
    • Handle: RePEc:ibn:ibrjnl:v:12:y:2019:i:3:p:109-122
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    Cited by:

    1. Ornella Papaluca & Mario Tani, 2021. "Network Centrality and Homophily in Stakeholder Relationship Management: The Effects on a Social Enterprise’s Decision-Making Process," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(2), pages 123-123, July.
    2. Ornella Papaluca & Mauro Sciarelli & Mario Tani, 2020. "Ethical Branding in the Modern Retail: A Comparison of Italy and UK Ethical Coffee Branding Strategies," International Journal of Marketing Studies, Canadian Center of Science and Education, vol. 12(1), pages 1-1, March.

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    More about this item

    Keywords

    social responsibility disclosure; financial performance; stakeholder management theory; social reporting; social rating; triple bottom line;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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