Table 2

Interpretation of instrumental pragmatic disclosures

Instrumental or political approach to CSRItemLegitimacy type from Suchman (1995) 
InstrumentalAny reference to guidelines (OESO or World Bank)Pragmatic - Demonstrate high CSR standards
InstrumentalQuantitative targetsPragmatic - Demonstrate high CSR standards
InstrumentalSupply chain referencePragmatic - Demonstrate high CSR standards
InstrumentalFinancial literacyPragmatic- Attract new segment of customers
InstrumentalResponsible Shariah productsPragmatic- Attract new segment of customers
InstrumentalSocially responsible InvestmentsPragmatic- Attract new segment of customers
InstrumentalSocially responsible savingPragmatic- Attract new segment of customers
InstrumentalSpecial help for employeesPragmatic- Managing Employees
InstrumentalStaff volunteering timePragmatic- Managing Employees
InstrumentalEmployee trainingPragmatic- Managing Employees
InstrumentalWork/life balancePragmatic- Managing Employees
InstrumentalEmployee staff surveyPragmatic- Managing Employees
InstrumentalPolitical givingManage relationships with key stakeholders
InstrumentalFormal charter adoptedManage relationships with key stakeholders
InstrumentalPrompt paymentManage relationships with key stakeholders
InstrumentalWhistle blowing proceduresManage relationships with key stakeholders
InstrumentalDiscussion of CSR plansManage relationships with key stakeholders
InstrumentalAnti-corruption / money laundering rulesManage relationships with key stakeholders

Source(s): The authors

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