Corporate Social Responsibility Disclosure: Evidence from Libyan Managers

Global Journal of Business Research, v. 6 (5) pp. 73-83, 2012

11 Pages Posted: 29 Jan 2013

See all articles by Nagib Salem Bayoud

Nagib Salem Bayoud

University of Southern Queensland (USQ)

Marie Kavanagh

University of Southern Queensland (USQ)

Date Written: 2012

Abstract

This paper explains the importance and benefits for Libyan companies of engaging in corporate social responsibility disclosure (CSRD). Libya, as a developing country, was chosen by the researchers as it has undergone many changes over a short period of time in terms of economic, environmental and social changes. Both quantitative and qualitative methods were used to collect data relating to CSRD in Libyan companies. Perceptions of financial managers interviewed as part of the study reveal that CSRD is important for company performance. The paper reveals that CSRD in the annual reports is very important in terms of attaining company objectives to: satisfy the interests of stakeholders; protect employees’ interests; clarify the extent of contribution of the company in both CSR activities and CSRD; and assisting investors to make appropriate investment decisions. The perceived primary benefits of CSRD were enhanced company reputation, and increased financial performance. It also improves ability to attract foreign investors, and results in higher consumer satisfaction leading to commercial benefits. Secondary benefits include demonstration of compliance with the law and improved employee commitment.

Keywords: Corporate Social Responsibility (CSR), Corporate Social Responsibility Disclosure (CSRD), Financial Performance, Corporate Reputation

JEL Classification: M14, M41, L11, K21

Suggested Citation

Bayoud, Nagib Salem and Kavanagh, Marie, Corporate Social Responsibility Disclosure: Evidence from Libyan Managers (2012). Global Journal of Business Research, v. 6 (5) pp. 73-83, 2012, Available at SSRN: https://ssrn.com/abstract=2146106

Nagib Salem Bayoud (Contact Author)

University of Southern Queensland (USQ) ( email )

P.O.Box 238 Darling Heights
2/40 Gorman Street / Darling Heights
Toowoomba / QLD, 4350
Australia

Marie Kavanagh

University of Southern Queensland (USQ) ( email )

P.O.Box 238 Darling Heights
Toowoomba, Queensland 4350
Australia

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