An Exploratory Study of Social Responsibility Disclosure on the Internet by Portuguese Listed Companies

Abstract

This study examines social responsibility information disclosure on the Internet by Portuguese listed companies in 2003 and also analyses annual reports as a disclosure medium for those companies which disclose such information on their web pages. The results are interpreted through the lens of legitimacy theory, according to which companies disclose social responsibility information to present a socially responsible image so that they can legitimise their behaviours to their stakeholder groups. Companies in sectors that have a larger potential impact on the environment or in industries with a high visibility among consumers seem to exhibit greater concern to improve the corporate image through social responsibility information disclosure. Results thus suggest that legitimacy theory may be an explanation of social responsibility disclosure by Portuguese listed companies.

Citation

Castelo Branco, M. and Lima Rodrigues, L. (2005), "An Exploratory Study of Social Responsibility Disclosure on the Internet by Portuguese Listed Companies", Social Responsibility Journal, Vol. 1 No. 1/2, pp. 81-90. https://doi.org/10.1108/eb045798