The importance and benefits of corporate social responsibility disclosure in the Libyan context: evidence from managers

Bayoud, Nagib Salem and Kavanagh, Marie (2012) The importance and benefits of corporate social responsibility disclosure in the Libyan context: evidence from managers. In: Global Conference on Business and Finance (IBFR 2012), 3-6 Jan 2012, Honolulu, HI. United States.

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Abstract

This explains the importance and benefits for Libyan companies of engaging in corporate social responsibility disclosure (CSRD). The researchers have chosen the Libyan context as one of the world's developing countries and it has undergone many changes over a short period of time in terms of economic, environmental and social changes. Both quantitative and qualitative methods were used to collect data relating to CSRD in Libyan companies. Perceptions of financial managers interviewed as part of the study reveal that CSRD is important for company performance, not only in the developed countries but also in developing countries. This paper reveals that CSRD in the annual reports is very important in terms of attaining company objectives to: satisfy the interests of stakeholders; protect employee's interests; clarify the extent of contribution of the company in both CSR activities and CSRD; assist appropriate investment decisions. The perceived primary benefits of CSRD were enhanced company reputation, and increased financial performance. It also improves ability to attract foreign investors, and results in a higher level of consumer satisfaction leading to commercial benefits. Secondary benefits include demonstration of compliance with regulation and improved employee commitment.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: This publication is copyright. It may be reproduced in whole or in part for the purposes of study, research, or review, but is subject to the inclusion of an acknowledgment of the source.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 17 Sep 2014 05:11
Last Modified: 30 Jun 2017 02:17
Uncontrolled Keywords: corporate social responsibility; CSR; corporate social responsibility disclosure; CSRD; financial performance; corporate reputation
Fields of Research : 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150311 Organisational Behaviour
22 Philosophy and Religious Studies > 2201 Applied Ethics > 220102 Business Ethics
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150102 Auditing and Accountability
Socio-Economic Objective: B Economic Development > 90 Commercial Services and Tourism > 9098 Environmentally Sustainable Commercial Services and Tourism > 909899 Environmentally Sustainable Commercial Services and Tourism not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/25988

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