An empirical study of corporate social responsibility

Major corporate ethical disasters impacting the environment, human resources, and the community have heightened the demand for public firms to voluntarily disclose their CSR[1] activities for stakeholders. As a result, CSR has become more than an important issue in the business world (Waller & Lanis 2009). In addition, CSR disclosure is an extension of the financial disclosure system, which reflects the wider anticipation of society concerning the role of the business community in the economy.