Analysis of the Difference of CSR Reports between China and the US from the Perspective of Hofstede’s Cultural Dimension Theory

Corporate Social Responsibility (CSR) refers to the enterprise's responsibility to shareholders, employees, creditors, consumers, social welfare, as well as the environment and resources. The fulfillment of CSR by an enterprise helps to create a good reputation and brand image of the enterprise, which attracts investors and enhances the competitive advantage of the enterprise. As the official written report of corporate social responsibility disclosure, the CSR report most visually demonstrates the social responsibility philosophy and practice of an enterprise. However, due to the differences in cultures of different countries, the understanding and practice of CSR vary from country to country. This paper takes six Chinese and American companies in the banking industry that have been listed on the Fortune Global 500 list for 10 consecutive years from 2014 to 2023 to build a corpus sample of CSR reports, and with the help of the Lancsbox X corpus tool, this paper analyzes the keywords based on Hofstede's theory of cultural dimensions, and draws the following conclusions: China is a collectivist culture with high power distance, low tolerance for uncertainty, and long-term orientation, while America is an individualistic culture with low power distance, high tolerance for uncertainty, and short-term orientation.