ISSN: 2225-8329
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Corporate philanthropy is a subset of the corporate social responsibility. To improve the image of company as a socially responsible organization, corporate philanthropy activities need to be disclosed to stakeholders. There are several factors influencing the corporate philanthropy disclosure. In the current literature, there is still a lack of initiative to systematically review the disclosure of corporate philanthropy in annual reports. The aim of this study is to analyze the existing literature on factors influencing the corporate philanthropy disclosure by Malaysian companies. This paper was guided by the four phase of PRISMA Statement (Preferred Reporting Items for Systematic reviews and Meta-Analyses) review method and utilized Scopus and Web of Science as the main journal databases. This paper identified 17 related studies (out of 230 papers) that could be analyzed systematically. Most importantly, the review managed to formulate four main themes i.e., factors influencing the corporate philanthropy disclosure, namely ownership structure, board of directors’ characteristics, financial performance and ‘others’. These four themes further resulted in a total of 25 sub-themes. Finally, a number of recommendations were presented at the end of this research which corresponded to potential significant opportunities for future research, either quantitative or qualitative study. This study offers a guide for future studies and thus hopes to encourage more scholarly interest for this intriguing phenomenon at the crossroads of business and society. In the review, the studies included only articles that studied on corporate disclosure in annual reports of Malaysian companies. A comparison between two or more countries can also be conducted in contributing to the body of knowledge.
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In-Text Citation: (Yusuf & Joseph, 2021)
To Cite this Article: Yusuf, N. R. M., & Joseph, C. (2021). A Systematic Review on Corporate Philanthropy Disclosure by Malaysian Companies. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(3), 523–538.
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