Current Trends within Social and Environmental Accounting Research: A Literature Review

Chung, Jieun; Cho, Charles H.

doi:10.1111/1911-3838.12171

Cited by 72 publications

(77 citation statements)

References 159 publications

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“…Historically, Canadian chemical, resource, and energy sector companies have been the first to release nonfinancial reports on their environmental impacts. This is consistent with previous studies that have found that industries with higher impact (e.g., environmental degradation) engage more extensively in corporate social responsibilty (CSR) reporting (Cho, Laine, Roberts, and Rodrigue, 2018;Cho and Patten, 2007;Chung and Cho, 2018;Young and Marais, 2012).…”

Section: Industry Trendssupporting

confidence: 92%

Advancing Sustainability Reporting in Canada: 2019 Report on Progress

Cho

Bohr

Choi

et al. 2020

Accounting Perspectives

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This study examines the progress Canada's largest companies are making in their environmental, social, and governance (ESG) disclosures. Given the introduction of the Global Reporting Initiative (GRI) Standards and the United Nations Sustainable Development Goals (UN SDGs) as well as the issuance of the Task Force on Climate‐Related Financial Disclosures (TCFD) recommendations, our research reflects the uptake of these guidance documents by both mature and new reporters. Our analysis suggests that challenges persist—processes and progress often fail to reach investors as they are “lost in translation” when issued through third‐party ESG information providers, and reporters are also pressured to respond to a myriad of requests for information from rating and reporting agencies. Nevertheless, we note that Canada has new reporting sectors that must mature to survive the scrutiny of the markets and also hope that stock markets will respond to the recent announcement by the 181 CEOs of the U.S. Business Roundtable, who committed to lead their companies for the benefit of all stakeholders—customers, employees, suppliers, communities, and shareholders. Overall, we believe that our research will provide food for thought for companies interested in continuous improvement.

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Section: Industry Trendssupporting

confidence: 92%

Advancing Sustainability Reporting in Canada: 2019 Report on Progress

Cho

Bohr

Choi

et al. 2020

Accounting Perspectives

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“…Consistently with this, investors are positive about firms with a high CSP [1]. As the importance of "social responsibility" is emphasized, studies have increasingly analyzed the impact of corporate social responsibility (CSR) activities from various perspectives, such as cost of equity capital, earnings quality, and financial performance [2][3][4][5][6]. They generally find lower cost of equity capital, higher financial reporting quality, and company reputation improvement, supporting the benefits of CSR.…”

Section: Introductionmentioning

confidence: 76%

“…Our findings are useful to investors by providing a possibility for EOM to be used in distinguishing ethical managers. In addition, we contribute to the expansion of the literature in CSR from an auditing perspective, which has been noted for a lack of active research, by showing the usefulness of the audit report information on CSR [5,6].…”

Section: Introductionmentioning

confidence: 98%

The Effect of Corporate Social Performance on Audit Hours: Moderating Role of the Emphasis of Matter Paragraphs in Audit Report

Kim

Jung

2020

Sustainability

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This study investigated the effect of corporate social performance (CSP) on audit hours and whether the emphasis of matter (EOM) paragraphs in audit report moderates the association between CSP and audit hours. Auditors input audit hours based on the judgement of audit risk related to firm and managerial characteristics. They increase audit hours when they perceive that client companies are riskier; thus, audit hours reflect auditors' perceptions of the firm. Prior studies have shown that high CSP is associated with ethical managers, leading to fewer audit hours. However, auditors' perceptions of CSP can be different depending on their knowledge about firms' potential risks. EOM paragraphs consists of risk-related factors, such as going-concern opinions or litigation and they should be considered when auditors determine that users need to check this information acquired in the auditing process. Therefore, EOM is likely to affect auditors' perceptions of CSP. This study investigates this possibility by examining whether the associations between CSP and audit hours are different in firms with and without EOM paragraphs in audit reports. Using Korean listed companies from 2011 to 2016, we found that CSP has a negative association with audit hours, suggesting that better CSP is related to ethical corporate social responsibility (CSR) in Korea, consistently with the literature. However, CSP is not related to audit hours for firms with EOM paragraphs, possibly indicating that auditors differently interpret CSP based on their knowledge gained in the auditing process. Our findings contribute to the literature by suggesting that EOM paragraphs can be used in distinguishing firms' CSR motivations and that information users should be careful in interpreting CSP.

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“…It is also important to communicate social information to stakeholders about the social impacts of the organization that would affect the society in which it operates. (GRI, 2013;Chung & Cho, 2018). The economic and financial data serve to demonstrate the economic and financial efficiency in the management of the organization's resources (Bushman & Smith, 2003).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Expand the number of social indicators could be a disclosure policy to improve communication with stakeholders (Hackston & Milne, 1996;Moneva, et al, 2006;O'Dwyer & O'Sullivan 2009). Stakeholders expect that organizations can demonstrate that they are operating in accordance with their stated social contract (GRI, 2013;Chung & Cho, 2018). Table 5 presents 29 economic and financial matters suggested by all stakeholders.…”

Section: Disclosure Indicators Suggested By Stakeholdersmentioning

confidence: 99%

Social Responsibility Indicators in the Stakeholders’ Perspective

Seibert

Macagnan

2019

JISTEM

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The objective of this research is to identify the social responsibility information of the stakeholder interest for the disclosure of a Philanthropic Higher Education Organization-PHEO. The exploratory inductive study was developed with application of a questionnaire elaborated with the main social responsibility categories, through meetings with groups of the priority stakeholders. The content analysis and the triangulation of the evidences identified the indicators. The research identified 169 indicators, of these, 69 are new. These indicators were also subdivided into categories: The environmental category presented 26 indicators, of which 10 were new; the social category presented 41 indicators, 11 new ones; the economic and financial category presented 29 indicators, of which 10 were new; the category of products and services presented 29 indicators, 16 of them new; already the strategic category presented 23 indicators, being 8 new ones; and finally, for other information 21 indicators were obtained, of which 14 were not previously found in the studies and documents reviewed. Some of the new indicators are specific to the organizational type under study, confirming the need to observe the specific stakeholders' interests because they have the power to legitimize the organizations in the communities where they are inserted.

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Current Trends within Social and Environmental Accounting Research: A Literature Review

Cited by 72 publications

References 159 publications

Advancing Sustainability Reporting in Canada: 2019 Report on Progress

Advancing Sustainability Reporting in Canada: 2019 Report on Progress

The Effect of Corporate Social Performance on Audit Hours: Moderating Role of the Emphasis of Matter Paragraphs in Audit Report

Social Responsibility Indicators in the Stakeholders’ Perspective

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