ScienceDirect Publication: Finance Research Letters
Wed, 19 Feb 2020 18:01:57 GMT language
Publication date: Available online 18 February 2020
Source: Finance Research Letters
Author(s): Pi-Hui Ting
Using a sample of Taiwanese listed companies during 2010-2016, this paper examines how firm size affects corporate social responsibility (CSR) report disclosure and the moderating effect of firm size in the relationship of CSR disclosure and firm financial performance. The results show that firm size positively affects firms’ CSR disclosure. Moreover, CSR disclosure has a positive impact on firm financial performance, and the positive effect is stronger for small firms that have less employees. For small firms, CSR disclosure does improve financial performance. However, large firms just talk CSR, and thus the CSR disclosures of large firms have no impact on firm performance.