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Effect of Hofstede’s Cultural Differences in Corporate Social Responsibility Disclosure

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  • Silvia Romero

    (Montclair State University, Montclair, NJ, USA)

  • Belen Fernandez-Feijoo

    (Department of Finance and Accounting, Universidade de Vigo, Vigo, Spain)

Abstract

This paper looks at culture differences in sustainability reporting among countries. The authors use data from the survey conducted by KPMG in 2008 within 22 countries, applying Hofstede’s framework. The authors find an effect of culture on the interest in highlighting the credibility of sustainability reports in different countries. Level of corporate social responsibility disclosure, on the other hand, does not change with cultural differences, but with the levels of enforcement of the regulations. The results are revealing, given that assurance statements are not mandatory. Companies in countries with collectivistic characteristics and low power distance do not need to increase their credibility in terms of the disclosure levels of corporate social responsibility; they are democratic and careful of their inner group. On the contrary, companies in countries with individualistic characteristics and high power distance need to run the extra mile to show their commitment and guarantee that their reporting on social responsibility is transparent.

Suggested Citation

  • Silvia Romero & Belen Fernandez-Feijoo, 2013. "Effect of Hofstede’s Cultural Differences in Corporate Social Responsibility Disclosure," International Journal of Information Systems and Social Change (IJISSC), IGI Global, vol. 4(1), pages 68-84, January.
    • Handle: RePEc:igg:jissc0:v:4:y:2013:i:1:p:68-84
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    Cited by:

    1. Vitolla, Filippo & Raimo, Nicola & Rubino, Michele & Garegnani, Giovanni Maria, 2021. "Do cultural differences impact ethical issues? Exploring the relationship between national culture and quality of code of ethics," Journal of International Management, Elsevier, vol. 27(1).
    2. Antonio Somoza, 2023. "Voluntary sustainability assurance in small and medium‐sized entities: The role of country origin in Europe," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 462-483, January.
    3. repec:aud:audfin:v:21:y:2019:i:50:p:41 is not listed on IDEAS
    4. Viorel Avram & Daniela Artemisa Calu & Valentin Florentin Dumitru & Tatiana Danescu, 2019. "The Clarity of the Information Regarding the Bioeconomy: An Analysis of the Reports Published by the Organizations," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-41, February.
    5. Filippo Vitolla & Nicola Raimo & Michele Rubino & Antonello Garzoni, 2019. "The impact of national culture on integrated reporting quality. A stakeholder theory approach," Business Strategy and the Environment, Wiley Blackwell, vol. 28(8), pages 1558-1571, December.
    6. Silvia Romero & Silvia Ruiz & Belen Fernandez‐Feijoo, 2019. "Sustainability reporting and stakeholder engagement in Spain: Different instruments, different quality," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 221-232, January.

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