: <keyword>Disclosure</keyword>; <keyword>Environment</keyword>; <keyword>Regulation</keyword>; <keyword>Reporting.</keyword></keywordgroup><footnotegroup><footnote>Geoff rey R. Frost (<externallink type="email">g.frost@econ.usyd.edu.au</externallink>) is an Associate Professor in the Discipline of Accounting at The University of Sydney. Copyright (c) 2007 The AuthorsJournal compilation (c) 2007 Accounting Foundation, The University of Sydney.

The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been the subject of intensive research. However, limitations with this literature include the use of localised samples, poorly specified control variables and self-constructed CSR...