Abstract

The objective of the present study is the investigation of the corporate social responsibility disclosure effect on the investment efficiency. The evidence is reflective of the idea that the investment inefficiency is reduced with the corporate social responsibility disclosure and therefore the investment efficiency will be increased. To measure the disclosure level of the bioenvironmental and social information, there was made use of content analysis method. The time span of the present study was the period between 2010 and 2015. A total of 90 companies active in various industries constituted the study sample volume. In term of the study objective, there was made use of an applied research methodology of the descriptive-correlation type and the study was undertaken based on a retrospective style in terms of the method utilized to gather the study data. To test the study hypotheses, multiple regression analysis was applied. The independent variable of the study was corporate social responsibility disclosure and the dependent variable was the investment efficiency. The study findings indicated that the social responsibility disclosure will lead to the efficient investment improvement in the companies. The results obtained herein are also supported by the stakeholders. Generally, the study findings demonstrate the important and prominent role of social responsibility in forming the investment behaviors and their efficiency.