International Journal of Banking, Risk and Insurance

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Web Disclosure of Corporate Social Responsibility:A Study of Indian Insurance Companies


Affiliations
1 Department of Commerce, Punjabi University, Patiala, Punjab, India
     

   Subscribe/Renew Journal


Corporate Social Responsibility is a tool in the hands of companies to enhance the reputation in the eyes of society and government by spending some proportion of profit on various activities like education, health, employment, women empowerment, sports, rural development, etc. Companies communicate CSR information through various channels of communication viz. Annual reports, media, web site etc. The study focuses on the level of corporate social responsibility disclosure on the websites of 45 insurance companies including 22 life and 23 non-life insurance companies in India and also analyze the effect of different attributes namely size, liquidity, age, and profitability on corporate social responsibility web disclosure (CSRWD). The study found that level of CSRWD of insurance companies is low. Education, health, employment, and environment are highly concerned areas for CSR expenditure. Size is showing a significant relationship with web disclosure of corporate social responsibility in case of life insurance sector whereas in case of non life insurance sector in case of non-life insurance sector, size and profitability are found to be good predictor of web disclosure of corporate responsibility.

Keywords

Corporate Social Responsibility, Insurance Sector, Web Disclosure, Companies Act, 2013, Profitability.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Almajali, A. Y., Alamro, S. A., & Al-Soub, Y. Z. (2012). Factors affecting the financial performance of Jordanian insurance companies listed at Amman Stock Exchange. Journal of Management Research, 4(2), 266.

  • Almilia, L. S. (2009). Determining factors of internet financial reporting in Indonesia. Accounting & Taxation, 1, 87–96.

  • Andrew, K. K. (2015). Effect of corporate attributes on international financial reporting standards disclosure level: Evidence from Kenya listed firms. Research Journal of Finance and Accounting, 6(1), 97–101.

  • Bawa, S. K., & Chattha, S. (2013). Financial performance of life insurers in Indian insurance industry. Pacific Business Review International, 6(5), 44–52.

  • Bihari, S. C., & Pradhan, S. (2011). CSR and performance: The story of banks in India. Journal of Transnational Management, 16(1), 20–35.

  • Boubaker, S., Lakhal, F., & Nekhili, M. (2011). The determinants of web-based corporate reporting in France. Managerial Auditing Journal, 27(2), 126–155.

  • Burca, A. M., & Batrinca, G. (2014). The determinants of financial performance in the Romanian insurance market. International Journal of Academic Research in Accounting, Finance and Management Sciences, 4(1), 299–308.

  • Chambers, E., Chapple, W., Moon, J., & Sullivan, M. (2003). CSR in Asia: A seven country study of CSR website reporting (ICCSR Research Paper Series, No. 09-2003). Nottingham, UK: Nottingham University.

  • Charumathi, B. (2012). On the determinants of profitability of Indian life insurers: An empirical study. Proceedings of the World Congress on Engineering, 1(2), 4–6. London.

  • Chaudhri, V., & Wang, J. (2007). Communicating corporate social responsibility on the internet: A case study of the top 100 information technology companies in India. Management Communication Quarterly, 21(2), 232–247.

  • Chen, L., Feldmann, A., & Tang, O. (2015). The relationship between disclosures of corporate social performance and financial performance: Evidences from GRI reports in manufacturing industry. International Journal of Production Economics, 170, 445–456.

  • Chong, S., Ali, I., & Lodhia, S. K. (2016). A model for gauging the prominence of web-based CSR disclosure. Pacific Accounting Review, 28(4), 431–445.

  • Coupland, C. (2006). Corporate social and environmental responsibility in web-based reports: Currency in the banking sector? Critical Perspectives on Accounting, 17(7), 865–881.

  • Deegan, C., & Rankin, M. (1997). The materiality of environmental information to users of annual reports. Accounting, Auditing & Accountability Journal, 10(4), 562–583.

  • Dey Nikhil bhusan et al. (2015). Factors determining financial performance of life insurance companies of india- an empirical study. EPRA International Journal of Economic and Business Review, 3(8), 42–48.

  • Esrock, S. L., & Leichty, G. B. (1998). Social responsibility and corporate web pages: Self-presentation or agenda-setting? Public Relations Review, 24(3), 305–319.

  • Gamerschlag, R., Möller, K., & Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: Empirical evidence from Germany. Review of Managerial Science, 5(2–3), 233–262.

  • Garg, M. C., & Gakhar, D. V. (2010). Web-based corporate reporting practices in India.

  • Gery Djajadikerta, H., & Trireksani, T. (2012). Corporate social and environmental disclosure by Indonesian listed companies on their corporate web sites. Journal of Applied Accounting Research, 13(1), 21–36.

  • Jain, S. K. (2013). Corporate internet financial reporting in international perspective: A comparative study of selected indian and US companies.

  • Kansal, M., Joshi, M., & Batra, G. S. (2014). Determinants of corporate social responsibility disclosures: Evidence from India. Advances in Accounting, 30(1), 217–229.

  • Kaur, G. (2012). Corporate reporting practices of insurance sector in India.

  • Kavitha, N. V., & Anuradha, T. (2016). Corporate social responsibility in insurance sector in India. International Journal of Innovative Research and Development, 5(2).

  • Khan, H. U. Z., Halabi, A. K., & Samy, M. (2009). Corporate Social Responsibility (CSR) reporting: A study of selected banking companies in Bangladesh. Social Responsibility Journal, 5(3), 344–357.

  • Malik, A. (2015). Corporate social responsibility initiatives of LIC and ICICI life insurance company. International Journal of Advanced Research in Management and Social Sciences, 4(12), 286–299.

  • Mukherjee, D. (2015). corporate social responsibility: A study on initiatives taken by selected Indian companies. Global Journal of Commerce & Management Perspective, 4(5), 1–3.

  • Mwangi, M., & Murigu, J. W. (2015). The determinants of financial performance in general insurance companies in Kenya. European Scientific Journal, ESJ, 11(1).

  • Nidhi. (2016). Corporate social responsibility in Indian banking industry: Study on attempts of HDFC bank. International Journal of Research – Granthaalayah, 4(8), 62–74.

  • Sambasivam, Y., & Ayele, A. G. (2013). A study on the performance of insurance companies in Ethiopia. International Journal of Marketing, Financial Services & Management Research, 2(7), 138–150.

  • Singh, N., Srivastava, R., & Rastogi, R. (2014). A road way to corporate social responsibility: A case study of ICICI bank. IOSR Journal of Business and Management, 16(1), 38–42.

  • Uddin, M. J. (2010). Corporate social responsibility in Bangladesh: The case of insurance companies. In The Daily Ittefaq. Dhaka, Bangladesh.

  • Vilar, V. H., & Simão, J. (2015). CSR disclosure on the web: Major themes in the banking sector. International Journal of Social Economics, 42(3), 296–318.

  • Vyas, K., & Mathur, S. P. (2016). An important step of life insurance companies towards corporate social responsibility. International Journal of Scientific Research and Education, 4(10).

  • Waller, D. S., & Lanis, R. (2009). Corporate Social Responsibility (CSR) disclosure of advertising agencies: An exploratory analysis of six holding companies’ annual reports. Journal of Advertising, 38(1), 109–122.

  • Wanderley, L. S. O., Lucian, R., Farache, F., & de Sousa Filho, J. M. (2008). CSR information disclosure on the web: A context-based approach analysing the influence of country of origin and industry sector. Journal of Business Ethics, 82(2), 369–378.


Abstract Views: 290

PDF Views: 0




  • Web Disclosure of Corporate Social Responsibility:A Study of Indian Insurance Companies

Abstract Views: 290  |  PDF Views: 0

Authors

Amandeep Kaur
Department of Commerce, Punjabi University, Patiala, Punjab, India
Rajinder Kaur
Department of Commerce, Punjabi University, Patiala, Punjab, India

Abstract


Corporate Social Responsibility is a tool in the hands of companies to enhance the reputation in the eyes of society and government by spending some proportion of profit on various activities like education, health, employment, women empowerment, sports, rural development, etc. Companies communicate CSR information through various channels of communication viz. Annual reports, media, web site etc. The study focuses on the level of corporate social responsibility disclosure on the websites of 45 insurance companies including 22 life and 23 non-life insurance companies in India and also analyze the effect of different attributes namely size, liquidity, age, and profitability on corporate social responsibility web disclosure (CSRWD). The study found that level of CSRWD of insurance companies is low. Education, health, employment, and environment are highly concerned areas for CSR expenditure. Size is showing a significant relationship with web disclosure of corporate social responsibility in case of life insurance sector whereas in case of non life insurance sector in case of non-life insurance sector, size and profitability are found to be good predictor of web disclosure of corporate responsibility.

Keywords


Corporate Social Responsibility, Insurance Sector, Web Disclosure, Companies Act, 2013, Profitability.

References