Institutional investors and corporate social responsibility reporting: a systematic literature review in accounting and corporate governance

This paper presents a systematic literature review (SLR) exploring the relationship between institutional investors and corporate social responsibility reporting (CSRR) within accounting and corporate governance from 2008 to 2022. Using Nvivo and VOSviewer, the study identifies three key areas: reporting quality, sustainability assurance, and various aspects of corporate governance, with a stronger focus on the volume of non-financial information compared to the quality of CSR disclosures. The study highlights significant research gaps, including the influence of institutional investors on CSRR quality, the effect of non-financial disclosure regulations on CSR costs, and how these regulations impact the behavior of institutional investors. Practical and social implications are discussed, particularly regarding carbon emissions disclosures and the harmonization of CSR standards.