The Determinants of Community Involvement Information Disclosure on Social Media by Malaysian PLCs

Today, social media has changed the mode of communication, and the way information is disseminated, bringing significant impact to individuals and organisations. Hence, the present study attempts to develop a model in line with Stakeholder Theory to examine stakeholder management as determinants of community involvement information disclosure on social media by Malaysian Public Listed Companies. The study's hypotheses are then tested using regression analyses on 114 Malaysian Public Listed Companies that owned official social media. The findings showed that companies’ reputation and industry sensitivity have a positive relationship with the community involvement information disclosure on social media. Besides, companies under the Star stage of business life cycle also reported marginally significant result. The study attempts to contribute to voluntary disclosure literature by examining factors that motivate companies to engage with social media. This study also provides information to regulators interested in monitoring the corporate social responsibility disclosure on social media.