Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises

• Published in: Review of managerial science Vol. 11; no. 3; pp. 633 - 659
• Main Authors: Garde Sánchez, Raquel, Rodríguez Bolívar, Manuel Pedro, López Hernández, Antonio M.
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.07.2017; Springer Nature B.V
• Subjects: Accounting/Auditing; Banking; Business and Management; Business Strategy/Leadership; Corporate management; Disclosure; Marketing; Original Paper; Public enterprise; Social responsibility; Studies; Public-sector manager; Corporate social responsibility; Information disclosure; SOEs; Determinant factors
• ISSN: 1863-6683; 1863-6691
• DOI: 10.1007/s11846-016-0199-7

The public administration sector, including state owned enterprises (SOEs), has developed various types of information disclosure practice, in response to stakeholders’ demands, in parallel with developments in the private sector. This paper analyses the corporate social responsibility (CSR) information disclosed by SOEs and the influence exerted by the characteristics of the SOEs themselves (size, industry sector, degree of government ownership and number of years in operation) and by those of their managers (age, gender, CSR education profile and CSR responsibilities in the workplace). To do so, an index of CSR information disclosure was created, based on the responses made to a questionnaire in this respect. An empirical regression model was then applied to test and categorise the factors analysed. According to the results obtained, the size and sector of the SOE, together with the manager’s CSR responsibilities, are the factors that most significantly affect the online disclosure of CSR information.