Explicit Corporate Social Responsibility Disclosure: A Topic-Based Approach

42 Pages Posted: 26 Dec 2017 Last revised: 27 Jan 2020

See all articles by Katrin Hummel

Katrin Hummel

University of Zurich

Stephanie Mittelbach-Hoermanseder

WU Vienna

Charles H. Cho

York University - Schulich School of Business

Dirk Matten

York University - Schulich School of Business

Date Written: December 20, 2019

Abstract

In this paper, we investigate whether companies located in liberal market economies report more explicitly about specific CSR topics than firms located in coordinated market economies. For a sample of 3,384 CSR reports of European and US firms, we perform a textual analysis over the period 2008 – 2016. Our results confirm that companies located in LMEs report more explicitly about education and philanthropy; for parental leave and climate, we find a negative and significant association. We also find that CSR performance, size and report length are positively associated with the explicitness of our topic-specific CSR disclosure scores. Our results are robust to a variety of alternative measures.

Keywords: CSR disclosure, explicit CSR, implicit CSR, textual analysis, topic-based analysis

Suggested Citation

Hummel, Katrin and Mittelbach-Hoermanseder, Stephanie and Cho, Charles H. and Matten, Dirk, Explicit Corporate Social Responsibility Disclosure: A Topic-Based Approach (December 20, 2019). Available at SSRN: https://ssrn.com/abstract=3090976 or http://dx.doi.org/10.2139/ssrn.3090976

Katrin Hummel (Contact Author)

University of Zurich ( email )

Rämistrasse 71
Zurich, CH-8006
Switzerland

Stephanie Mittelbach-Hoermanseder

WU Vienna ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Charles H. Cho

York University - Schulich School of Business ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

HOME PAGE: http://schulich.yorku.ca/faculty/charles-cho

Dirk Matten

York University - Schulich School of Business ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

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