The Influence of Dual Institutional Pressure on CSR Report Disclosure: Catering or Defending

Abstract

Abstract: The existing researches focus more on the impact of conflicts among multi-dimensional stakeholders on CSR report, less on how conflicts from the inside of the same stakeholder affecting the internal mechanism of the release of CSR report. Combining the resource dependence theory, this paper puts forward that when enterprises are faced with conflicting demands from different departments within the same level of government, they will respond to the above-mentioned pressure by choosing different forms of contents in CSR reports, namely, to disclose the specific social responsibility activities substantively or symbolically. The results indicate that with the increase of financial pressure, or when the financial pressure is greater than the environmental protection pressure, enterprises will make substantial disclosure on the operation part of CSR report. As the environmental protection pressure increases or the environmental protection pressure is greater than the financial pressure, enterprises will make symbolic disclosure on the environmental part of CSR report. The above hypothesis is supported by the empirical studies based on the data of China's listed companies from 2013 to 2017. This paper conducts an analysis of the impact of conflicting government pressure from the same level on the corporate strategic and political behaviors, which has enriched the relative researches on institutional complexity and corporate political actions.

Key words: resource dependence theory, financial pressure, environmental protection pressure, CSR report

CLC Number:

F270.7

ZHAO Xiao-yue, JIA Ming, ZHANG Zhe. The Influence of Dual Institutional Pressure on CSR Report Disclosure: Catering or Defending[J]. Contemporary Finance & Economics, 2022, 0(2): 79-90.

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