CSR disclosure and corporate sustainability: evidence from the Shenzhen Stock Exchange

Yekini, Kemi; Li, Han; Ohalehi, Paschal; Chigoke-Mgbame, Aruoriwo Marian

Abstract

In this paper we examined the relationship between CSR and Corporate Sustainability of Chinese companies listed on the Shenzhen Stock Exchange. This is necessitated by the high demand and increase in CSR activities and disclosures around the globe. Using a sample of 317 companies, we drew insights from the Triple Bottom Line (TBL) and stakeholder theory to investigate the relationship between CSR and Corporate Sustainability. Data was analysed using structural equation modelling (SEM). A major contribution of this paper is the construction of a comprehensive CSR information disclosure index capable of guiding researchers and managers in measuring their CSR activities and reporting. The study's findings revealed that most Chinese companies stayed at the intermediate level of CSR information disclosure. Although CSR disclosure in economic and social dimension has a significant positive effect on corporate sustainability, our result shows a negative relationship with CSR in environmental dimension.

Citation

Yekini, K., Li, H., Ohalehi, P., & Chigoke-Mgbame, A. M. (2019). CSR disclosure and corporate sustainability: evidence from the Shenzhen Stock Exchange. International Journal of Business Governance and Ethics, 13(3), 300-322. https://doi.org/10.1504/IJBGE.2019.099370

• Journal Article Type: Article
• Acceptance Date: Nov 29, 2018
• Online Publication Date: Apr 22, 2019
• Publication Date: Apr 22, 2019
• Deposit Date: Dec 10, 2018
• Publicly Available Date: Apr 23, 2020
• Journal: International Journal of Business Governance and Ethics
• Print ISSN: 1477-9048
• Electronic ISSN: 1741-802X
• Publisher: Inderscience
• Peer Reviewed: Peer Reviewed
• Volume: 13
• Issue: 3
• Pages: 300-322
• DOI: https://doi.org/10.1504/IJBGE.2019.099370
• Keywords: Corporate Social Responsibility Disclosure, Corporate Sustainability, Sustainability; Reporting, Triple Bottom Line, Stakeholder theory; 1
• Public URL: https://nottingham-repository.worktribe.com/output/1397434
• Publisher URL: http://www.inderscience.com/offer.php?id=99370
• Contract Date: Dec 10, 2018