期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2014
卷号：3
期号：1
页码：29-36
DOI：10.5923/j.ijfa.20140301.04
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：Different stakeholders tend to influence CSRR in different manners. This study examines the influence of different stakeholders in determining the level of corporate social responsibility reporting (CSRR) disclosed in mandatory regime of CSRR. Drawing upon top 300 public listed firms in Malaysia as sample, data on stakeholders’ information and CSRR disclosed are gathered from firms’ annual reports of year 2007 to 2009, reflecting the mandatory period of CSRR. This study demonstrates the influence of different shareholders on the level of CSRR disclosed, while the influence of other stakeholders such as creditors and government remains limited. This study extends the application of Ullmann’s model of stakeholder theory in explaining CSRR, to include the different types of ownership structure to represent the shareholder power. Given the unique features of corporate ownership in Asian countries that are dominated by family-owned and government owned firms, the use of different types of corporate ownership structure, namely managerial, family, foreign and government ownership is considered appropriate in the context of this study. Despite the implementation of the mandatory CSRR, the different influence of the different types of shareholders remains. Perhaps, more efforts from the regulatory authorities are needed to promote a greater level of CSRR, particularly in owner-managed and/or family firms. The context of this study that relies on a longitudinal data from one emerging market sample that implements mandatory CSRR adds to the existing literature of the field.
关键词：Stakeholders’ Influence; Corporate Social Responsibility Reporting; Regulation; Emerging Market
