CSR Disclosure in Russian Systemic Companies: Driving Force of International Environment and Domestic Institutions

The paper explores a unique phenomenon of systemic companies and their corporate social responsibility (CSR) activities in a weak institutional environment and extensive institutional voids that push them to take diverse obligations. The paper uses the data from 223 Russian public companies and empl...

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Bibliographic Details
Published in:Journal of East-West business 2024-01, Vol.30 (1), p.92-113
Main Authors: Veselova, Anna, Aray, Yulia, Ermolaeva, Liubov
Format: Article
Language:English
Subjects:
Companies
CSR
Disclosure
institutional voids
Legitimacy
legitimization
Markets
monocities
Obligations
Russia
Social responsibility
systemic companies
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Summary:The paper explores a unique phenomenon of systemic companies and their corporate social responsibility (CSR) activities in a weak institutional environment and extensive institutional voids that push them to take diverse obligations. The paper uses the data from 223 Russian public companies and employs conventional statistical methods to test hypotheses. Our results show that systemic companies are inclined to disclose information about their CSR activities, especially, in their social dimension due to their social obligations in the local markets and necessity to gain legitimacy in host markets. Moreover, Russian companies with international activities are more active in CSR disclosure than purely domestic ones.
ISSN:1066-9868
1528-6959
DOI:10.1080/10669868.2023.2266421