Contribution to the analysis of the determinants of the disclosure of information on CSR on websites in Morocco: case of financial organizations listed on the Casablanca stock exchange

Abstract

As part of this contribution, we seek to assess the quality of CSR communication from financial companies listed on the Casablanca Stock Exchange (6 banks, 5 insurance companies, 4 finance companies). As well as testing whether size, auditor quality, age, leverage and profitability influence said quality. To achieve our objective in terms of evaluating the quality of CSR communication, we used the grid of Branco and Rodrigues, (2006) and (2008). This index is made up of 4 sections representing the foundations of CSR communication with a total of 22 items. The results clearly show that banks publish more CSR information on their websites compared to insurance companies and finance companies. The results of the Poisson regression confirm that there is no correlation between the quality of the audit, the age, on the one hand, and the quality of the CSR communication. The same results have shown that size and performance positively influence the quality of CSR communication. On the other hand, the Poisson test confirms that there is a negative correlation between indebtedness and the disclosure of CSR information by Moroccan financial organizations.

JEL Classification : M14

Paper type: Empirical research