Firm Characteristics and Corporate Social Responsibility Disclosure in Saudi Arabia

Working Paper - International Business Management

15 Pages Posted: 3 Feb 2017 Last revised: 2 May 2022

See all articles by Bakr Al-Gamrh

Bakr Al-Gamrh

ESC Rennes School of Business

Redhwan Al-dhamari

Universiti Utara Malaysia

Date Written: 2014

Abstract

This study evaluates the Corporate Social Responsibility (CSR) information disclosed by the Saudi listed firms and investigates the influence of six firm characteristics (firm size, industry type, government ownership, firm age, capital raised and audit firm size) on the CSR disclosure. We used Ordinary Least Squares (OLS) on a cross-sectional data to examine listed firms in the Saudi Stock Exchange (Tadawul). We constructed an index to measure the CSR disclosure level and found that Saudi firms have a low CSR disclosure level. We also found that large, government-owned and old firms disclose more CSR information. This study provides a significant contribution to evaluate the CSR reporting in Saudi Arabia which is a developing country that produces a large proportion of the world's oil. Results provide signals of the low seriousness of gathered efforts to face the challenges of climate change which should not only be a concern for developed countries.

Keywords: Corporate Social Responsibility; Disclosure; Firm Characteristics; Saudi Arabia; CSR

Suggested Citation

Al-Gamrh, Bakr and Al-dhamari, Redhwan, Firm Characteristics and Corporate Social Responsibility Disclosure in Saudi Arabia (2014). Working Paper - International Business Management , Available at SSRN: https://ssrn.com/abstract=2907396 or http://dx.doi.org/10.2139/ssrn.2907396

Bakr Al-Gamrh (Contact Author)

ESC Rennes School of Business ( email )

Rue Robert d'arbrissel, 2
Rennes, 35000
France

Redhwan Al-dhamari

Universiti Utara Malaysia ( email )

Sintok
COLGIS, UUM
Sintok, KY KEDAH DARUL 06010
Malaysia

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