| ID | 177370 |
| Title Proper | CSR achievement, reporting, and assurance in the energy sector |
| Other Title Information | Does economic development matter? |
| Language | ENG |
| Author | Karaman, Abdullah S |
| Summary / Abstract (Note) | Drawing on signaling theory and the greenwashing tendency, the objective of this study is to explore the connection among four facets of corporate social responsibility (CSR) practice: CSR performance, CSR reporting, following the Global Reporting Initiative (GRI) guidelines in preparing CSR reports, and verifying the reliability of CSR reports through an external assurance statement. The sample of the study includes 2244 firm-year observations of energy firms listed in the Thomson Reuters Eikon database for the period 2012–2018. Panel data analysis with fixed effects is used as the empirical methodology. The findings lend support to signaling theory and reject a greenwashing tendency in the energy sector with the validation of hypothesized relationships. More specifically, higher CSR performers show their CSR commitment by issuing CSR reports as well as by adopting GRI guidelines in their CSR reports and verifying the reliability of the contents of their reports through an external assurance statement. Moreover, GRI framework adopters are more likely to obtain external assurance of their reports. The examination of these relationships considering the economic development levels of countries highlights notable differences: all hypothesized connections are stronger for firms established in middle-income countries than for those in high-income countries except for one dimension. |
| `In' analytical Note | Energy Policy Vol.149; Feb 2021: p.112007 |
| Journal Source | Energy Policy 2021-02 149 |
| Key Words | Energy Sector ; CSR Performance ; CSR Reporting |