An empirical study of corporate social and environmental communication

Abstract

The theoretical contribution of this study is the successful testing of legitimacy theory in the context of an emerging economy. This study finds a low extent (13.57%) of social (10.44%) and environmental (17.98%) disclosure (SED) practices of Indian textile and apparel listed firms over 2010-2012. Firm size (+), brand development (+), audit committee independence (+), profitability (+), CEO duality (-) and award obtained (+) are significant predictors of the extent of SED. Economically, firm size and brand development are major determinants.