A growth in nonfinancial reporting (disclosure) has relied on the evolution of the concept of CSR. This means, the company is responsible for its actions. Indeed, stakeholders are asking companies to disclose both social and environmental activities and their ability to improve the corporate process through nonfinancial reporting. In this regard, identifying, monitoring, and reporting all social, environmental, and economic effects of its operation on society at large are concrete evidence that companies are committed to continual, long-term improvement, if they want to gain their stakeholders’ trust and build a good reputation in the market (Brammer & Pavelin 2004).
A growth in nonfinancial reporting (disclosure) has relied on the evolution of the concept of CSR. This means, the company is responsible for its actions. Indeed, stakeholders are asking companies to disclose both social and environmental activities and their ability to improve the corporate process through nonfinancial reporting. In this regard, identifying, monitoring, and reporting all social, environmental, and economic effects of its operation on society at large are concrete evidence that companies are committed to continual, long-term improvement, if they want to gain their stakeholders’ trust and build a good reputation in the market (Brammer & Pavelin 2004).
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