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S U N W A Y UNIVERSITY 18 UNIVERStTI SE.ANGOR B u s i r t e s s S c h o o l* U A I K UNTVFfCVTV
UNIVERSITAS TRISAKT1
Constructing an Index of Corporate Social Responsibility Practices in Oman
Afshan Younas1*, Aza Azlina Md Kassim2, Abul Bashar Bhuiyan3
'Faculty o f Business Studies, Arab Open University, Muscat, Oman 2Faculty o f Economics and Management, Xiamen University Malaysia, Malaysia
3Faculty o f Business & Accountancy, University o f Selangor, Malaysia Corresponding Author; [email protected]
E-Proceeding for Asian Conference on Business, Economics and Social Science (ACBESS) 2021
Abstract: The importance o f Corporate Social Responsibility (CSR) has been acknowledged greatly as an objective o f business sustainability. Whereas the measurement o f CSR is always a source o f argument among researchers. There are different approaches identified and used by researchers to measure CSR. The main objective o f this study is to measure CSR disclosure by constructing an index based on content analysis. The study used non-financial listed companies ’ data in Oman to construct an index fo r the p erio d o f 2016 to 2019. A total o f 291 firm -year observations are used in this study to construct and measure the CSR disclosure index. We employ 40 elements to measure CSR disclosure based on fiv e sub-themes. The result o f the study reveals that as CSR disclosure requirement is mandatory in Oman according to the new corporate governance system, the listed companies are contemplating to cope and develop CSR charters. The evidence indicates that some companies have high CSR disclosure while others are still struggling to develop CSR charter and disclose their activities. However, CSR disclosure improves significantly fro m 2016 to 2019, which shows a strict implementation o f the code o f corporate governance.
Keywords: CSR Disclosure, Content Analysis, Workforce, Community Welfare
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