Cultural dimensions, Global Reporting Initiatives commitment, and corporate social responsibility issues. New evidence from Organisation for Economic Co-operation and Development banks
This paper aims to examine the effect of cultural dimensions such as the power distance, individualism, masculinity, uncertainty avoidance, long-term orientation, and indulgence on the GRI commitment effect of corporate social responsibility reports by the OECD banks. Adopting the stakeholder theory and the Hofstede’s Cultural Dimension, we investigated the Global Reporting Initiatives (GRI) commitment level and its determinants, using a sample of 819 firm-year observations from 2012 to 2018 belonging to 27 countries.