Corporate Social Disclosure During the Global Financial Crisis

International Journal of Economics and Finance, Vol. 3, No. 6, pp. 174-187, 2011

14 Pages Posted: 22 Oct 2011

See all articles by Parvez Mia

Parvez Mia

Macquarie University

Abdullah Al Mamun

Universiti Malaysia Kelantan; Binary University College; Multimedia University

Date Written: April 1, 2011

Abstract

The significant amount of research related to corporate social disclosure (CSD) over the last few decades indicates its importance. Prior studies have revealed continuous improvement in the level of CSD by corporations in different sectors. The recent economic and financial crisis has been identified by many economic and financial experts as the worst since the Second World War and is likely to have an impact on level of CSD. This study examines the extent of CSD before and during global financial crisis for 48 selected Australian companies. The results of the study reveal that there is an insignificant upward change in CSD during the financial crisis. In addition, this study examines the association between several firm level factors (profitability, leverage, change in profitability, change in leverage and size) and the extent of CSD and change in CSD. The study finds that the extent of CSD is not significantly associated with leverage and profitability but it is significantly associated with size. Additionally, change in profitability and size do not have any significant influence on change in CSD. However, change in leverage has a significant negative association with change in CSD.

Keywords: Corporate Social Disclosure, Global Financial Crisis

JEL Classification: G01, M14

Suggested Citation

Mia, Parvez and Mamun, Abdullah Al, Corporate Social Disclosure During the Global Financial Crisis (April 1, 2011). International Journal of Economics and Finance, Vol. 3, No. 6, pp. 174-187, 2011, Available at SSRN: https://ssrn.com/abstract=1947626 or http://dx.doi.org/10.2139/ssrn.1947626

Parvez Mia (Contact Author)

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Abdullah Al Mamun

Universiti Malaysia Kelantan ( email )

Karung Berkunci 36
Pengkalan Chepa
Kota Bharu, Kelantan 16100
Malaysia

HOME PAGE: http://www.umk.edu.my/rasmi/

Binary University College ( email )

Bandar Puchong Jaya
47100 Selangor
West Malaysia
Malaysia

Multimedia University ( email )

Persiaran Multimedia
Cyberjaya, Selangor Darul Ehsan
Malaysia

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