Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Abstract

Purpose

This study aims to examine the level of corporate social responsibility (CSR) disclosure among the UK extractive and retail sectors and consequently ascertain whether corporate board characteristics and firm characteristics can explain observable differences in the extent of CSR disclosure.

Design/methodology/approach

Based on the KPMG survey 2017, the sample comprises all the firms in the extractive industries, such as mining and oil and gas and also retail industries, such as food and drug retailers and general retailers for the sample period of 2005 to 2018.

Findings

The findings show that the level of CSR disclosure from extractive sector is much higher than that of their counterparts in retail sector. In addition, the multiple regression results show that CSR disclosure is positively and significantly associated with board gender diversity, board independence, board size. Nevertheless, the results show that board meetings and Chief Executive Officer duality do not have a significant impact on CSR disclosure.

Originality/value

This study contributes to the existing literature on CSR in that it advances the understanding of the interaction between governance mechanisms and specific firm characteristics of two distinct sectors of the UK economy and how this in turn influences the CSR in the two sectors.

Citation

Wang, Y., Yekini, K., Babajide, B. and Kessy, M. (2022), "Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector", International Journal of Accounting & Information Management, Vol. 30 No. 2, pp. 161-188. https://doi.org/10.1108/IJAIM-08-2021-0158