A Comparative Study on CSR Disclosure Practices of Young North America and Asia Pacific Technology Companies

The social responsibility of a corporation is when it generates services and products that maximises wealth or profit, and it is considered to be socially accountable. However in current society, corporates are not expected to merely generate profits, as various stakeholders have shifted their attention to numerous aspects of the company such as Corporate Social Responsibility (CSR) that focuses on ethical behaviours, social justice and environmental concern that as businesses receive contributions or inputs from the society such as raw materials, and competent or inexperienced labour, corporations should modestly return it in the form of outputs such as return on investments for various stakeholders, secure working milieus for workforces, and sanitary environment for the public. It is generally implied that various stakeholders have mass interests and excess demands in the organisations, thus stakeholders demanded higher standards especially being good corporate citizens, which lead to an overarching concern for CSR. Therefore, organisational performances of successes and failures are informed to the stakeholders by organisations through the annual CSR as corporations can notify their obligation to discourse the areas found lacking. Consequently, companies' reputation and its relationship with various important stakeholders may be influenced by the corporation's CSR performance. Thus, top management in corporations should determine on making their corporations more socially, ecologically, and economically responsible. Furthermore, it is not sustainable if corporations' pursuit profits without an improvement in stakeholder well-being as it will eventually lead to public criticism and segregation of the corporation. Non-Governmental Organisations (NGOs), journalists or consumer advocacy might likewise criticize corporations that neglect their CSR. Henceforth companies' shift their attention towards the increasing trend in CSR and the related performance. Therefore stakeholders take the center stage irrespective of whether CSR seen as an ethical stance or business strategy. This study is going to compare the disclosure practices of Top 500 young tech companies each in North America and Asia Pacific region using 20 factors in Ethical, Environmental and Human Resources categories employing cluster analysis