Publication

The Significance of Corporate Social Disclosure for High-Tech Manufacturing Companies: Focus on Employee and Community Aspects of Sustainable Development

Gökan May
2017
Journal paper
Abstract

Addressing a global key sector area - the high technology manufacturing sector - we examine if there is truly a benefit of corporate social disclosure to the bottom line of organizations within this sector and if stakeholders should devote more attention to this strategic topic. Accordingly, we assess the potential effects of corporate social disclosure on financial performance, with a particular focus on employee and community aspects. This effect is examined for a sample of 405 companies operating within the sector. Additionally, we posit that the innovative nature of the sector adds a sub-plot and possibly exaggerates the effect of corporate social disclosure on financial performance. The study offers guidance to stakeholders on how actions in the CSR realm may potentially affect company performance within this sector, as well as providing direction on the impact improved disclosure can have on financial performance. Copyright (c) 2017 John Wiley & Sons, Ltd and ERP Environment

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Related concepts (32)
Three-sector model
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary). The model was developed by Allan Fisher, Colin Clark, and Jean Fourastié in the first half of the 20th century, and is a representation of an industrial economy. It has been criticised as inappropriate as a representation of the economy in the 21st century.
Corporate social responsibility
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices.
Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale.
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