Empirical results – CSR report, corporate governance and corporate reputation

This chapter presents the empirical results of testing the relationship between the CSR report, board characteristics, corporate characteristics and corporate socially responsible reputation. The results are first discussed in terms of descriptive statistics for the variables, followed by the correlation analyses, regression analyses, and additional analyses that evaluate the link between the quality of the CSR report and corporate socially responsible reputation. The chapter employs an empirical model to examine the relationship between publishing a CSR report, governance factors, corporate characteristics in the current period and socially responsible reputation of the sample firms in the future period. OLS regression, with heteroscedasticity robust standard errors was used to test the relationships implicit in Model. The variable CSR quality was measured by considering the quality of social and environmental disclosure in firms' CSR reports.