IIMS Journal of Management Science
issue front

Ricardo T. Calderon1, Amulya Gurtu2 and Michael A. Holly3

First Published 2 Jan 2024. https://doi.org/10.1177/0976030X231220298
Article Information Volume 15, Issue 1 January 2024
Corresponding Author:

Amulya Gurtu, University of Kansas, Overland Park, Kansas 66213, United States.
Email: amulya.gurtu@ku.edu

1 University of Wisconsin-Parkside, Kenosha, Wisconsin, United States
2 University of Kansas, Overland Park, Kansas, United States
3 University of Wisconsin0-Green Bay, Wisconsin, United States

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (http://www.creativecommons.org/licenses/by-nc/4.0/) which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.


Corporate social responsibility (CSR) reporting is a strategy for communicating sustainability data to stakeholders. Sharing data with stakeholders is the key to the effectiveness and validity of CSR. However, the often-voluntary nature of CSR disclosure reporting results in perceived bias. Consequently, the relationship between CSR disclosure transparency and the sustainable character of a company remains unclear. The article suggests a methodology for evaluating corporate transparency through t-value analysis. The t-value analysis of CSR reports from Corporate Knights’ 2021 Global 100 Most Sustainable Corporations quantifies the total number of negative disclosures in a CSR report. This research shows a lack of correlation (p value = .805) between observable levels of transparency and third-party sustainability rankings amongst the sustainability elite of the corporate world.


Corporate social responsibility, CSR, transparency, environment, standards, regulation


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