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Corporate social responsibility in annual reports of Czech and Slovak companies
[Společenská odpovědnost firem ve výročních zprávách českých a slovenských společností]

Author

Listed:
  • Michal Šindelář

Abstract

The article deals with the issue of reporting information on corporate social responsibility in the annual reports of Czech and Slovak companies. The analysis is based on selected aspects of corporate social responsibility as defined by GRI standards and evaluates their presentation in the annual reports of 25 Czech and 25 Slovak companies in 2015 and 2020. A two-sample t-test was used to evaluate the significance of the change in the reported information. The most frequently reported aspects include information related to risks and opportunities impacting the company's revenues and expenses. Conversely, among the least frequently reported information can be found aspects dealing with diversity policy. The analysis did not confirm a significant improvement in the narrative value of CSR information reported in annual reports between 2015 and 2020.

Suggested Citation

  • Michal Šindelář, 2024. "Corporate social responsibility in annual reports of Czech and Slovak companies [Společenská odpovědnost firem ve výročních zprávách českých a slovenských společností]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2024(2), pages 4-22.
    • Handle: RePEc:prg:jnlcfu:v:2024:y:2024:i:2:id:590:p:4-22
    DOI: 10.18267/j.cfuc.590
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    References listed on IDEAS

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    1. J. Emil Morhardt & Sarah Baird & Kelly Freeman, 2002. "Scoring corporate environmental and sustainability reports using GRI 2000, ISO 14031 and other criteria," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 9(4), pages 215-233, December.
    2. Henri Servaes & Ane Tamayo, 2013. "The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness," Management Science, INFORMS, vol. 59(5), pages 1045-1061, May.
    3. Nicolas Garcia‐Torea & Belen Fernandez‐Feijoo & Marta De La Cuesta, 2020. "CSR reporting communication: Defective reporting models or misapplication?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 952-968, March.
    4. Ali Uyar & Simone Pizzi & Fabio Caputo & Cemil Kuzey & Abdullah S. Karaman, 2022. "Do shareholders reward or punish risky firms due to CSR reporting and assurance?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1596-1620, July.
    5. Marek Nagy & Katarina Valaskova & Pavol Durana, 2022. "The Effect of CSR Policy on Earnings Management Behavior: Evidence from Visegrad Publicly Listed Enterprises," Risks, MDPI, vol. 10(11), pages 1-14, October.
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    More about this item

    Keywords

    Corporate social responsibility (CSR); GRI standards; Annual report; Environmental; social and corporate governance (ESG); Společenská odpovědnost firem (CSR); Standardy GRI; Výroční zpráva; Environmentální; sociální a podnikové řízení (ESG);
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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