Year: 2024
Type: article
Abstract: This paper aims to theoretically discuss the determinants of voluntary corporate social responsibility (CSR) disclosure. It reviews and summarizes prior studies, focusing on key factors such as corporate governance, firm size, ownership structure, and external pressures. The paper also highlights the importance of incorporating additional variables, particularly those derived from behavioral theory. Behavioral theory has shown that psychological biases, notably dispositional optimism bias, can significantly impact decision-making and explain various corporate finance phenomena, such as overinvestment or the preference for specific financing methods. Moreover, this bias has been used to explain key phenomena in entrepreneurship, including success and opportunity recognition. Incorporating behavioral factors could bring a new dimension to the study of voluntary CSR disclosure, offering a holistic framework for examining its determinants. This comprehensive approach could also highlight a research gap that merits further investigation.
Institution: Qassim University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405407471