Corporate Social Responsibility Of Csr Disclosure Essay

Introduction A growing number of firms publish distinct corporate social responsibility reports at present. Various categories of businesses may have distinct activities towards CSR disclosure. Due to a lack of public CSR reporting standards and the multiplicity of the scope of CSR disclosure, executives have strong chances to disclose CSR information tactically. The decision of auditing corporate social responsibility is vital for Cloud 9 and hence some factors have to be considered. (Islam Deegan, 2010, p. 131) †¢ Profitability Profitable companies face higher social restraints and public disclosure than less profitable businesses. They are affected by possible political costs, specifically, if they seem to be more lucrative. Thus, profitable firms may have to clarify that they function within the standards of society, as they will find it pricey to be related with actions that break society’s prospects. Consequently, profitable corporations could be more interested in explaining through CSR disclosure how they yield their profitability than less profitable businesses. Additionally, profits offer directors with resources from which the expenses of disclosures are financed. (Guthrie Parker, 1989, p. 343) †¢ Shareholder structure The chances for conflicts between shareholders and managers are higher in businesses where shares are extensively dispersed rather than in more closely held businesses. The motive is twofold: when ownership isShow MoreRelatedThe Factors Influencing Corporate Social Responsibility Disclosure1037 Words   |  5 PagesThe Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia. Ayman I. F. 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