Proceedings of 35th International Business Research Conference
30 - 31 May 2016, American University in the Emirates, Dubai, UAE
ISBN: 978-1-925488-06-7
Corporate Social Disclosure and Financial Competitiveness:
A Study of Responsible Indian Companies
Gaurav Agrawal*
Being responsible and profitable at the same time is not easy, especially when it
st
comes to fast moving 21 century where every company trying to be different from
others in order to face visible challenges and grab hidden opportunities. India, a
developing economy always been considered for its responsible behaviour from
ancient time but now there is a need to make strategic moves to make it as an
integral part of all operations. The purpose of this paper is to examine corporate
social disclosure (CSD) practices and financial performance of only 64 companies
out of 100 listed companies in Bombay stock exchange (BSE). Content analysis
used to generate required information from annual reports of year 2013 - 14 and
hierarchical regression model was used to investigate the relationship of variables.
The results indicate that there is no such significant relationship between CSD and
financial performance of a company but size does matter in disclosing such
information.
Keywords: Corporate social responsibility, corporate social disclosure, financial
performance, hierarchical regression model.
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*Dr. Gaurav Agrawal, ABV- Indian Institute of Information Technology and Management, India. Email:
drgauravagrawal@gmail.com; gaurav@iiitm.ac.in