IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i10p1575-1581.html
   My bibliography  Save this article

Assessment of Social Responsibilities Reporting among Public Listed Companies in Consumer Product and Services Industries towards Society

Author

Listed:
  • Mohd Tarmizi Ibrahim

    (Faculty of Accountancy, University Technology MARA, Melaka)

  • Wan Shafizah Hussain

    (Faculty of Accountancy, University Technology MARA, Melaka)

  • Enylina Nordin

    (Faculty of Accountancy, University Technology MARA, Melaka)

  • Mohd Hisham Johari

    (College of Creative Arts, University Technology MARA, Puncak Alam)

Abstract

This paper focuses on the CSR disclosure among listed consumer products and services industry in Malaysia towards society. Increasing awareness of society in evaluating companies’ actions in maximizing profit has made companies have more social responsibilities. CSR initiatives have been used by companies discharging their fiduciary duties towards society over the years to gain support and positive perception as well as gain reputation. This study chooses a total of 20 companies’ annual reports over three years from 2021 until 2023 to analyze the frequency of CSR disclosures and initiatives in relation to society namely “environment†and “community-based program†. The CSR disclosures in an annual report being examined using qualitative research.

Suggested Citation

  • Mohd Tarmizi Ibrahim & Wan Shafizah Hussain & Enylina Nordin & Mohd Hisham Johari, 2024. "Assessment of Social Responsibilities Reporting among Public Listed Companies in Consumer Product and Services Industries towards Society," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(10), pages 1575-1581, October.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:10:p:1575-1581
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-10/1575-1581.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/assessment-of-social-responsibilities-reporting-among-public-listed-companies-in-consumer-product-and-services-industries-towards-society/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Abdul Waheed & Qingyu Zhang & Yasir Rashid & Muhammad Sohail Tahir & Muhammad Wasif Zafar, 2020. "Impact of green manufacturing on consumer ecological behavior: Stakeholder engagement through green production and innovation," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1395-1403, September.
    2. Birte Freudenreich & Florian Lüdeke-Freund & Stefan Schaltegger, 2020. "A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability," Journal of Business Ethics, Springer, vol. 166(1), pages 3-18, September.
    3. Akbar, Saeed & Kharabsheh, Buthiena & Poletti-Hughes, Jannine & Shah, Syed Zulfiqar Ali, 2017. "Board structure and corporate risk taking in the UK financial sector," International Review of Financial Analysis, Elsevier, vol. 50(C), pages 101-110.
    4. Zahra Hashemi Oskouei, 2019. "Linking social and economic responsibilities and financial performance: The assisting role of innovation for an oil engineering and development company," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 24(3), pages 1345-1354, July.
    5. Ana Nave & João Ferreira, 2019. "Corporate social responsibility strategies: Past research and future challenges," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(4), pages 885-901, July.
    6. Habiba Al‐Shaer & Mahbub Zaman, 2018. "Credibility of sustainability reports: The contribution of audit committees," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 973-986, November.
    7. Janssen, Catherine & Sen, Sankar & Bhattacharya, CB, 2015. "Corporate crises in the age of corporate social responsibility," Business Horizons, Elsevier, vol. 58(2), pages 183-192.
    8. Teoh, Hai-Yap & Thong, Gregory, 1984. "Another look at corporate social responsibility and reporting: An empirical study in a developing country," Accounting, Organizations and Society, Elsevier, vol. 9(2), pages 189-206, June.
    9. Chee Kwong Lau, 2019. "The economic consequences of business sustainability initiatives," Asia Pacific Journal of Management, Springer, vol. 36(4), pages 937-970, December.
    10. Mallika Tamvada, 2020. "Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR," International Journal of Corporate Social Responsibility, Springer, vol. 5(1), pages 1-14, December.
    11. Mohammad Jizi, 2017. "The Influence of Board Composition on Sustainable Development Disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 640-655, July.
    12. Mohamad, Nurul Muna & Masron, tajul & Widiyanti, Risna & Mohd Jamil, Muslimah, 2020. "Islamic Banking and Income Inequality: The Role of Corporate Social Responsibility," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(2), pages 77-90.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nurlan Orazalin & Mady Baydauletov, 2020. "Corporate social responsibility strategy and corporate environmental and social performance: The moderating role of board gender diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1664-1676, July.
    2. Mohammad Badrul Haider & Kimitaka Nishitani, 2022. "Ownership structure, corporate governance, and assurance in sustainability reporting: evidence from Japan," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 19(4), pages 374-388, December.
    3. Jingchen Zhao, 2021. "Reimagining Corporate Social Responsibility in the Era of COVID-19: Embedding Resilience and Promoting Corporate Social Competence," Sustainability, MDPI, vol. 13(12), pages 1-28, June.
    4. Cemil Kuzey & Habiba Al-Shaer & Ali Uyar & Abdullah S. Karaman, 2024. "Do board monitoring and audit committee quality help risky firms reduce CSR controversies?," Review of Quantitative Finance and Accounting, Springer, vol. 63(3), pages 1007-1045, October.
    5. Wei Zong & Huazhong Tu & Fang Luo & Ikramuddin Junejo & Ashraf Ud Din & Darui Zhou & Andi Luo & Haiyang He, 2024. "Social Factors Affecting Sustainable Socially Responsible Purchasing: A Mediating Role of Corporate Social Responsibility," SAGE Open, , vol. 14(1), pages 21582440231, February.
    6. Abbasi, Kaleemullah & Alam, Ashraful & Borhan Uddin Bhuiyan, Md. & Tariqul Islam, Md, 2024. "Does female director expertise on audit committees matter for carbon disclosures? Evidence from the United Kingdom," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 55(C).
    7. Yusuf Babatunde Adeneye & Setareh Fasihi & Ines Kammoun & Khaldoon Albitar, 2024. "Does earnings management constrain ESG performance? The role of corporate governance," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(1), pages 69-92, March.
    8. Paolo Agnese & Francesca Romana Arduino & Massimiliano Cerciello & Simone Taddeo, 2024. "Does board knowledge matter for ESG performance in the European banking industry?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4454-4468, September.
    9. Rohaida Abdul Latif & Kamarun Nisham Taufil Mohd & Hasnah Kamardin & Arifatul Husna Mohd Ariff, 2023. "Determinants of Sustainability Disclosure Quality among Plantation Companies in Malaysia," Sustainability, MDPI, vol. 15(4), pages 1-23, February.
    10. Isabel-María García-Sánchez & Nicola Raimo & Víctor Amor-Esteban & Filippo Vitolla, 2023. "Board committees and non-financial information assurance services," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 1-42, March.
    11. Jing Lu & Dongning Yu & Fereshteh Mahmoudian & Jamal A. Nazari & Irene M. Herremans, 2024. "The influence of board interlocks and sustainability experience on transparent sustainability disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 3769-3793, July.
    12. Aso Abdullah & Sibel Yamak & Anna Korzhenitskaya & Roya Rahimi & Jeanette McClellan, 2024. "Sustainable development: The role of sustainability committees in achieving ESG targets," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2250-2268, March.
    13. Awatif Hodaed Alsheikh, 2023. "Impact of Human and Social Board Capital on the Level of Sustainability Reporting: Evidence from Saudi Arabia," Sustainability, MDPI, vol. 16(1), pages 1-13, December.
    14. Re, Beatrice & Magnani, Giovanna, 2022. "Value co-creation in circular entrepreneurship: An exploratory study on born circular SMEs," Journal of Business Research, Elsevier, vol. 147(C), pages 189-207.
    15. Jagvinder Singh & Varda Sardana & Shubham Singhania, 2024. "Beyond compliance: the business case for gender diversity on boards and sustainability reporting in India," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 15(6), pages 2284-2293, June.
    16. Emmanuel Anyigbah & Yusheng Kong & Bless Kofi Edziah & Ahotovi Thomas Ahoto & Wilhelmina Seyome Ahiaku, 2023. "Board Characteristics and Corporate Sustainability Reporting: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 15(4), pages 1-26, February.
    17. Caby, Jérôme & Coron, Clotilde & Ziane, Ydriss, 2024. "How does gender diversity in top management teams affect carbon disclosure and its quality: Evidence from the technological industry," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    18. Nicolo, Giuseppe & Zampone, Giovanni & Sannino, Giuseppe & Tiron-Tudor, Adriana, 2023. "Worldwide evidence of corporate governance influence on ESG disclosure in the utilities sector," Utilities Policy, Elsevier, vol. 82(C).
    19. Shi Yin & Yudan Zhao, 2024. "Digital green value co-creation behavior, digital green network embedding and digital green innovation performance: moderating effects of digital green network fragmentation," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    20. Simona Cosma & Paola Schwizer & Lorenzo Nobile & Rossella Leopizzi, 2021. "Environmental attitude in the board. Who are the “green directors”? Evidences from Italy," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3360-3375, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:10:p:1575-1581. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.