Measuring Corporate Social Responsability Disclosure and the Financial Crisis in Italy. Comparison of the Two Years Prior to the Crisis (2006) and the Two Years since the Onset of the Crisis (2010)
Measuring Corporate Social Responsability Disclosure and the Financial Crisis in Italy. Comparison of the Two Years Prior to the Crisis (2006) and the Two Years since the Onset of the Crisis (2010)

Summary/Abstract: This study is aimed at searching for a tool capable of measuring the performance of CSR disclosure of companies in 2006 (pre-crisis) and 2010 (crisis). All this in order to verify whether: H0: CSR disclosure does not change during a time of financial crisis; H1: CSR disclosure changes significantly during periods of financial crisis.The object of study concerns the content of the sustainability report drawn up in accordance with GRI criteria by companies listed on the FTSE-MIB that have been using this standard at least since 2006. If we take a look at previous studies, which follow the logic of content analysis, we identify and find keywords (environmental and social ones derived from the GRI framework) in the sustainability report. In order to be considered valid, the keywords must meet a set of predetermined rules. These on a whole configure a scoring system. The scores reported are used to verify the hypothesis of the study, to determine to what extent CSR disclosure has suffered, like all the other indicators, of the financial and economic crisis.

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