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Corporate social responsibility disclosure: Evidence from BRICS nations

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  • Jean Tsitaire Arrive
  • Mei Feng

Abstract

This study evaluates the quality of corporate social responsibility (CSR) compliance and disclosure practices of companies in BRICS countries while considering the imposition of business laws and regulations under different management systems. The 20 largest corporations listed on the stock exchange of each sampled country were examined, and 62 practices suggested by the CSR assessment in BRICS countries were used as a framework. It was observed that India and Brazil have the most significant median (with a value of 15) of all firms disclosing CSR practices, followed by South Africa with 14, China with 12 and Russia with 8. This study has implications for different audiences, such as internal and external stakeholders, and can help them better understand the importance of improving the acceptance of CSR initiatives and disclosures.

Suggested Citation

  • Jean Tsitaire Arrive & Mei Feng, 2018. "Corporate social responsibility disclosure: Evidence from BRICS nations," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 920-927, September.
    • Handle: RePEc:wly:corsem:v:25:y:2018:i:5:p:920-927
    DOI: 10.1002/csr.1508
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    References listed on IDEAS

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    6. Huang, Qiping & Li, Yongjia & Lin, Meimei & McBrayer, Garrett A., 2022. "Natural disasters, risk salience, and corporate ESG disclosure," Journal of Corporate Finance, Elsevier, vol. 72(C).
    7. Omar. A. Alghamdi & Gomaa Agag, 2024. "Understanding Factors Affecting Consumers’ Conscious Green Purchasing Behavior," Sustainability, MDPI, vol. 16(2), pages 1-22, January.
    8. Ferrat, Yann & Daty, Frédéric & Burlacu, Radu, 2022. "Does a sustainability risk premium exist where it matters the most?," Emerging Markets Review, Elsevier, vol. 53(C).
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    10. Abdul Waheed & Qingyu Zhang, 2022. "Effect of CSR and Ethical Practices on Sustainable Competitive Performance: A Case of Emerging Markets from Stakeholder Theory Perspective," Journal of Business Ethics, Springer, vol. 175(4), pages 837-855, February.
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    12. Daniel Kouloukoui & Ângelo Marcio Oliveira Sant'Anna & Sônia Maria da Silva Gomes & Marcia Mara de Oliveira Marinho & Pieter de Jong & Asher Kiperstok & Ednildo Andrade Torres, 2019. "Factors influencing the level of environmental disclosures in sustainability reports: Case of climate risk disclosure by Brazilian companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(4), pages 791-804, July.
    13. Eduardo Ortas & Isabel Gallego‐Álvarez & Igor Álvarez, 2019. "National institutions, stakeholder engagement, and firms' environmental, social, and governance performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 598-611, May.
    14. Bablu Kumar Dhar & Sabrina Maria Sarkar & Foster K. Ayittey, 2022. "Impact of social responsibility disclosure between implementation of green accounting and sustainable development: A study on heavily polluting companies in Bangladesh," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 71-78, January.
    15. Felipe Lillo-Viedma & Pedro Severino-González & Valentin Santander-Ramírez & Leidy Y. García & Nataly Guiñez-Cabrera & Nicolás Astorga-Bustos, 2022. "Corporate Social Responsibility and Social Network Analysis: Unionized Workers’ Perceptions," Sustainability, MDPI, vol. 14(7), pages 1-15, April.
    16. Abdul Waheed & Qingyu Zhang & Yasir Rashid & Sher Zaman Khan, 2020. "The impact of corporate social responsibility on buying tendencies from the perspective of stakeholder theory and practices," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1307-1315, May.
    17. Abdul Waheed & Jianhua Yang, 2019. "Effect of corporate social responsibility disclosure on firms' sales performance: A perspective of stakeholder engagement and theory," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 559-566, May.
    18. Md Ali Arshad Chowdhury & Mohammad Morshedur Rahman & Mouri Dey & Syed Moudud-Ul-Huq & Sk Alamgir Hossain, 2023. "Perceived Pressures and Motivations for Environmental Disclosures: Role of Certification," SAGE Open, , vol. 13(4), pages 21582440231, December.
    19. 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.
    20. Chowdhury, Reza H. & Fu, Chengbo & Huang, Qiping & Lin, Nanying, 2021. "CSR disclosure of foreign versus U.S. firms: Evidence from ADRs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 70(C).
    21. Li, Xinlan & Li, Changhong & Guo, Xiaoli, 2023. "Environmental practices, family control, and corporate performance: Evidence from Chinese family firms," Emerging Markets Review, Elsevier, vol. 55(C).
    22. Enying Zheng & Wenjie Liao & Yan Xing & Jiajia Zheng, 2023. "Institutionalizing corporate social responsibility disclosure: Historical webpages of the Fortune global 500 companies, 1997–2009," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 661-676, March.

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