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Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review

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  • Jyotirani Gupta
  • Niladri Das

Abstract

The emergence of various Corporate Social Responsibility (CSR) disclosure laws around the globe, in the past decade, indicates the significance of CSR for a country as well as for an organization. Organization belief CSR as a strategic tool for enhancing value, still evidence on how CSR disclosure affects financial performance has been inconclusive. To resolve the ambiguity presence in the literature, this study carried out a meta‐analytic investigation based on 168 effect sizes from 73 empirical studies. This study employs a multivariate framework to explore the potential moderators that leads to conflicting results among the focal relationship of the study. The study discovers that if CSR disclosure strategy and measurement technique are adequately addressed with the help of econometric tools, then the true effect of CSR can be observed. Moreover, implications are drawn for academicians and practitioners interested in exploring the relationship between CSR disclosure and financial performance.

Suggested Citation

  • Jyotirani Gupta & Niladri Das, 2022. "Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 731-748, July.
    • Handle: RePEc:wly:corsem:v:29:y:2022:i:4:p:731-748
    DOI: 10.1002/csr.2237
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    2. Judita Adamkaite & Dalia Streimikiene & Kristina Rudzioniene, 2023. "The impact of social responsibility on corporate financial performance in the energy sector: Evidence from Lithuania," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 91-104, January.
    3. Mark Fuller, 2022. "Wheat and chaff: the degree to which strategic management principles are integrated within corporate social responsibility reporting among large Canadian firms," International Journal of Corporate Social Responsibility, Springer, vol. 7(1), pages 1-17, December.
    4. Francisco Javier Forcadell & Antonio Lorena & Elisa Aracil, 2023. "The firm under the spotlight: How stakeholder scrutiny shapes corporate social responsibility and its influence on performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1258-1272, May.
    5. Bhaskar, Ratikant & Bansal, Shashank & Abbassi, Wajih & Pandey, Dharen Kumar, 2023. "CEO compensation and CSR: Economic implications and policy recommendations," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 232-256.
    6. Philip Teng Lin & Yanhui Jin & Fei Gao & Ruifeng Yang & Qian Lin, 2023. "Institutional Investors, CSR Report Readability and the Moderating Role of ESG Performance," SAGE Open, , vol. 13(4), pages 21582440231, November.

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