Malaysia Value Relevance of Accounting Numbers

Mazurina Mohd Ali, Muhd Kamil Ibrahim, Rashidah Mohammad, Mustaffa M. Zain, and Mohd Rashidee Alwi Abstract The increasing demands placed on businesses to fulfill its social responsibilities have heightened interests in corporate donations. Corporate donations exist when a corporation donates a portion of its resources to a societal cause. In addition, corporations have developed a wide array of charitable vehicles, namely, foundations, non-profit and association umbrella groups, as well as...

CSR Reporting

Companies have realized that they need to respond to the stakeholders not only by changing their practices, but also by reporting on what kind of actions they take in terms of their corporate social responsibility. Over the last years, we have noticed an increasing number of companies that make some efforts in CSR reporting. Also, in Belgium, the emphasis on CSR reporting has increased in the last 5 years, especially in the larger firms. In this section, we will address how CSR is reported by...

Investor Awareness

A significant component of the business strategy for any publicly traded multinational corporation is not only the ability to sell their product, but also the ability to sell their stock. Green or socially responsible investing (SRI) focuses on portfolios consisting only of companies which have been evaluated as having sustainable practices. SRI has yet to gain enough momentum in the investment market to force an overhaul in corporate behavior by itself, making up less than 10 of mutual funds...

United States of America A Snapshot of US Practices

Adam Lindgreen, Valerie Swaen, and Wesley J. Johnston Abstract Organizations increasingly are embracing the concept of corporate social responsibility CSR . In this study CSR refers to actions that further some social good, beyond the interests of the firm and that which is required by law McWilliams et al., 2006 . Specifically, CSR consists of economic citizenship, legal citizenship, ethical citizenship, and discretionary citizenship Maignan, 1997 Maignan and Fer-rell, 2001 Maignan et al.,...

Brazil CSR Under Construction

Mariana Lima Bandeira and Fernando Lopez Parra Abstract The discourse of social responsibility invades and becomes institutionalized in contemporary society - and not only in Brazil - creating different forms and instruments through which the negative effects of modernity and capitalism can be minimized. One of these instruments legitimizes itself by its legal character -a group of laws, norms, and juridical means that regulate corporate responsibility. Within this perspective, the concept of...

Finnish Culture and CSR

Interestingly, some distinct aspects of Finnish culture also influence the views and management of CSR. From roadmapping study Theme 1 , some similar concepts with CSR are reflective of the Finnish culture and attitude. The assumption that CSR has long been a part of the Finnish culture and business practices is very strong. Hence most CSR principles are, not surprisingly, often taken for granted because it is a self-evident mindset for the Finns. Strongly put, CSR thinking has been in Finland...

Russia Corporate Social Disclosures

Ataur Rahman Belal amp Vasily Lubinin Abstract This chapter aims to expand the existing CSD literature by providing insights from current Russian CSD practice, which is believed to be an under researched area. The main objective here is to examine the extent of CSD in Russia. For this purpose content analysis of 2004 annual reports of 20 large companies which are listed on the Russian stock exchange was undertaken. The key findings show that 18 90 out of the 20 companies included in the study...

Egypt Social Responsibility Disclosure Practices

Abstract This paper offers updated evidence on social disclosure trends in Egypt. It examines whether Egyptian companies care about the community as an important stakeholder in their Internet social reporting. In doing so, the paper employs content analysis to measure and explore the social responsibility self-disclosure practices of major Egyptian companies in their online annual reports and or Websites. The analysis shows that although there are good examples of corporate social...

List of Contributors

Aravossis is a Lecturer in the School of Mechanical Engineering in Section of Industrial Management and Operational Research, NTU Athens. He has completed many scientific projects and publications in his research interest areas and was president of the Greek Association of Environmental Protection Companies 2001-2006 . His academic interests are Environmental Management, Environmental Economics, Investment Assessment, and Technology Economics. Dr S. Burak Arzova is an...

General Analysis

The key findings of the content analysis of corporate social disclosures on the Internet along with the industry membership and total assets of each company are presented in Table 16.3. The analysis of Table 16.3 reveals that nine companies chose not to disclose social responsibility information on their Web Sites or in their online annual reports. Only seven companies about 44 of the final sample disclosed a total of 231 social responsibility sentences, representing an average of 33 sentences...

CSR in the Supply Chain

Another important aspect of the CSR roadmap was the implementation of CSR policies and strategies in the supply chain. This was the focus of Theme 3, highlighting a good case of proactive and progressive CSR management in the supply chain. On the basis of the experience, it was positively acknowledged that implementing CSR policies and strategies in the supply chain is favorable although associated with some problems and challenges. For this theme, experiences of five companies are presented...

Chapter Belgium

Celine Louche, Luc Van Liedekerke, Patricia Everaert, Dirk LeRoy, Ans Rossy and Marie d'Huart Abstract Corporate Social Responsibility is a relatively recent concept in Belgium but there has been a significant increase in its awareness since 1995. In May 1997, a legal framework for sustainable development was set up in the country. In April 2006, the government adopted a Reference Framework for CSR which was followed in 2007 by the CSR action plan. In addition to governmental initiatives, the...

CSR Roadmap in Finnish Companies

Csr Roadmap

This section gives a general picture or roadmap of CSR as it is defined, managed, and practiced in selected Finnish companies. The derived roadmap did not give an exact definition of CSR, but instead reveals various concepts ascribed to be a part of, if not actually CSR Table 4.1 . Despite the variations, some generally favored conceptual connotations of CSR relate to compliance with laws and regulations, integral to all operations of a company, hinged on environmental responsibilities,...

HM the Clothing Retail Company

H amp M is a clothing company with 60,000 employees and is active in 28 countries around the world. H amp M does not own any factories, but production processes of their clothing involve about 2,000 factories with more than 700,000 employees. H amp M is actively creating an image for themselves as a responsible company, and they present their products using the label CSR. It has chosen to use CSR instead of other similar labels and concepts, such as sustainability and corporate citizenship,...

Malaysian Scenario

Traditionally, the main concern of Malaysian businesses is to make profit. Their main objective is to serve the shareholders by maximizing the shareholders wealth. To achieve this they exercise whatever means and ways they can for as long as they are within the ambit of the law. In the last several decades, companies are forced to reconsider their objectives. This is in response to issues such as the oil crisis, environmental degradation, human rights, labor issues, and natural disasters....

Adult consumers at Retail Stores

As observed in Table 13.6, 243 adult consumers were interviewed, only 19 out of the total claimed to know the concept of corporate social responsibility, but 28 of them are unaware of corporations with social responsibility activities. Seventy percent out of the adult consumers claimed to know the concept but are unsure of corporate social responsibility programmes. Table 13.7 shows that only 48 of the adult consumers know the concept and would prefer to buy products from corporations, which...

SCR Survey

After the researchers had identified CSR programmes in Mexico, they were interested in knowing Mexican-consumers' perceptions these programmes. For that reason, an interviewee-administered questionnaire was developed for analyzing the consumers' perceptions. The questionnaire was made up of eight questions divided on three categories, see Appendix. The first part aims at collecting information about interviewers' knowledge of CSR in Mexico. The second part asks about interviewees' support of...

The Role of UK Governments Since the s

Organisation Chart Lafarge

UK governments have been involved in different aspects of the field of CSR either directly or indirectly. Moon 2004 notes that the two ostensibly very different governments of Thatcher Conservative, 1979-1991 and Blair Labour 19972007 have helped the growth and institutionalization of CSR in the UK. Idowu and Towler 2004 argue that initially it was the rights of employees that were first recognized as needing government attention. Acts of Parliament have been passed including the Equal Pay Act...

Motivation for Issuing CSR Reports by UK Companies

It is perhaps appropriate at this point once again to remember Adam Smith's 1776 argument that 'the butcher and the others do not set out to meet their customers' requirements merely because of their deep love for those customers who buy from them but because of the butcher's etc self-love'. Adam Smith's 1776 statement was one of the driving forces behind an empirical study that was carried out in 2005 by this author with the objective of establishing the motivation behind corporate entities'...

Sample Specification

In order to carry out this study, the 2003 and 2005 annual reports were obtained for the sample from Public Listed Companies of the Main Board of Bursa Malaysia. The 2003 sample consisted of companies with year-end between January 1, 2003 and December 31, 2003. Similarly, the 2005 sample consisted of companies with year-end between January 1,2005 and December 31, 2005. The annual reports were downloaded primarily from the Bursa Malaysia Website.4 Table 10.2 Description of the sampling...

Studies in Value Relevance

Accounting numbers are defined as value relevant if they have a predicted association with equity market values. One way in which accounting numbers can be assessed is to see how they relate to stock returns. Accounting numbers that update the market's beliefs will generate a change in returns. The technique for measuring the market impact of accounting numbers was developed primarily by Ball and Brown 1968 and was called the Abnormal Performance Index. Basically, there are three objectives of...

Disclosing Companies Examples of Good Practice OTHs Internet Disclosures

Social disclosures were noticed in only one occasion in the 2006's online corporate annual report under Corporate Social Responsibility section Stemming from its belief of its role in society, Masrawy.com proudly declares its sole and exclusive online responsibility towards the Children Risk Program initiated by Cilantro Nahdet El Mahrousa. Masrawy.com is taking the responsibility of spreading online awareness of the program through covering all issues of concern related to the problem of...

Turkey Civil Society Practices

Abstract This chapter discusses the evolution of the concept and practice of CSR in Turkey. It addresses the political, economic and social developments of CSR from Turkish's perspective. It provides an overview on the roles of public and private sector organizations and non-governmental organizations NGOs as well as the way in which Turkish culture in terms of philanthropy compliments the practice of CSR. The chapter also provides some concrete examples of the practice of CSR in corporate...

Conceptual Papers On Ethics N Corporate Social Responsibility

Bloom, P.N. and Gundlach, G.T. 2001 , Handbook of Marketing and Society, Thousand Oaks, CA, Sage. Carroll, A.B. 1991 , The pyramid of corporate social responsibility towards the moral management of organizational stakeholders, Business Horizons, Vol. 34, No. 4, pp. 39-48. Carroll, A.B. 1999 , Corporate social responsibility evolution of a definitional construct, Business and Society, Vol. 38, No. 3, pp. 268-295. Carroll, A.B. and Buchholtz, A.K. 2003 , Business and Society Ethics and...