The Influence of Corporate Social Reporting to Company's Value in a Developing Economy

The article examines the influence of corporate responsibility (CR) reporting to listed company's value. Society encourages companies to be socially responsible and to communicate these results to stakeholders. However, company's focus on social disclosure means additional costs. Content analysis is implemented to evaluate CR reporting. Companies are ranked according to CR reporting results, and comparative analysis with valuation indicators is carried out. Companies with high CR reporting level, have no higher accounting based and market based valuation indicators. The results show that companies with a market value and book value showing the highest rates are far from socially accountable.