Drivers of corporate water-related disclosure: evidence from Japan

Burritt, Roger; Christ, Katherine L.; Omori, Akira

doi:10.1016/j.jclepro.2016.04.119

Cited by 63 publications

(109 citation statements)

References 43 publications

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“…For example, Lambooy () found that Dutch companies are beginning to place a greater focus on water downstream to which the public has access where there is freshwater scarcity and weak governmental policy support. In general, stakeholders are starting to demand that companies show their water performance through their environmental reports (Burritt et al , ) to better assess the businesses' contributions to the global freshwater consumption planetary boundary. It is important to note that recent research reveals that global freshwater consumption has already pushed beyond its boundary (Jaramillo and Destouni, ).…”

Section: Discussionmentioning

confidence: 99%

Institutional Constraints, Stakeholder Pressure and Corporate Environmental Reporting Policies

et al. 2017

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Within the theoretical framework of socio‐political economics, and more specifically of stakeholder theory, this work examines whether companies operating under different institutional constraints and stakeholder pressure tend to emphasize different models of corporate environmental reporting. Furthermore, the paper tests whether different corporate environmental reporting policies are driven by the countries' corporate governance systems. A sample of 3931 international companies was examined through a logistic biplot and conditional mean linear regression models. The main results reveal that companies follow two distinct environmental reporting approaches, which depend on specific stakeholders and institutional requirements. The first model, which is followed by firms within codified law countries, mostly focuses on water and emissions. The second approach, mainly followed by companies operating in common law countries, emphasizes materials and energy issues. This finding reveals that companies gradually modify their environmental strategies to make themselves more compatible with the characteristics of the social and institutional environment, which will result in several corporate benefits. The paper provides several outstanding implications for companies' strategic managers, national institutions and firms' stakeholders, especially for investors and customers. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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Section: Discussionmentioning

confidence: 99%

Institutional Constraints, Stakeholder Pressure and Corporate Environmental Reporting Policies

et al. 2017

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“…However, water information disclosure is still in its infancy and lacks a corresponding framework and guidelines for information disclosure. In order to scientifically measure and evaluate the status and degree of corporate water disclosure, this article is based on previous research results from Burritt et al () regarding the water information disclosure index system and the request of enterprise critical water information disclosed in the Corporate Water Disclosure Guidelines (The United Nations Global Compact, ). Zeng, Li, Zhou, and Xiao () then eliminated, split or added the Enterprise Water Disclosure Index indicator system in accordance with China's situation for setting a new indicator system of 27 qualitative and quantitative indicators (see , Table A1).…”

Section: Methodsmentioning

confidence: 99%

“…Compared to the three types of conventional information disclosure, water information in the disclosure content and the number of disclosures is relatively small, and the overall level of disclosure is low, so water information still has very limited attention, resulting in a water market information transmission mechanism that is not mature enough, causing differences in the impact compared to the three types of information disclosure. Based on the level of water information disclosure measured by the scale developed by Burritt et al (2016), this article finds that the water information about Chinese companies is generally low, and that the average score is much lower than the three types of conventional information disclosure. The current level of disclosure of companies with higher information disclosure is comparable to the disclosure of the other three types of conventional information at the time of lower disclosure.…”

Section: Introductionmentioning

confidence: 98%

The impact of water information disclosure on the cost of capital: An empirical study of China's capital market

Zhou

Zeng

et al. 2018

Corp Soc Responsibility Env

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This study seeks to understand the underlying relationship between water information disclosure and the cost of capital in Chinese high‐water risk firms. With continuous strengthening of the Chinese Government's water regulation policy, water resources have begun to affect the sustainable development of enterprises. Many stakeholders have begun to pay attention to a series of water resources issues that companies face. As an important means of transmitting signals between enterprises and capital markets, water information disclosure can help enterprises achieve more favourable views of stakeholders. Using a sample of 334 listed companies in the Chinese high‐water sensitivity industry from 2010 to 2015, this paper examines the influence of these firms' water information disclosure on the cost of capital, and analyses the function mechanism of political connection on the relationship between water information disclosure and enterprise capital cost by using a panel regression model.

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“…For example, in the supply aspect, they need the quality and quantity of water resources [4] to be stable and the prices be maintained at a reasonable level [11]. In the demand aspect, they are expected to demonstrate the efficiency and effectiveness of their water stewardship [6,11,12] and implement the highest standards to minimize the company's environmental impacts [13].…”

Section: Introductionmentioning

confidence: 99%

“…Hence, a firm whose legitimacy is challenged (e.g., when infringing on a fundamental human right) is likely to be frustrated in pursuit of sustainable development. If the firm manages to comply with all regulations governing water use, it can make contributions to the society, establish a better reputation for itself [13], and also achieve sustainable development.…”

Section: Introductionmentioning

confidence: 99%

The Drivers of Corporate Water Disclosure in Enhancing Information Transparency

Kuo

2020

Sustainability

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This paper explores drivers of corporate water disclosure (CWD) from an aspect of accountability. Based on legitimacy theory and stakeholder theory, we propose six potential drivers of CWD. First, this paper uses an independent sample t-test to analyze differences in CWD among US firms. Later, potential drivers on CWD were identified using ordinal logit regression. These hypotheses posit that debt ratio, blockholders’ ownership ratio, inclusion in a capital market index (i.e., S&P500), and the status of belonging to a water-sensitive industry (WSensi) all have a positive effect on CWD. However, the relations of firm size and profitability on CWD are insignificant. This suggests that the supervision of blockholders and creditors can effectively improve the transparency of CWD.

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Drivers of corporate water-related disclosure: evidence from Japan

Cited by 63 publications

References 43 publications

Institutional Constraints, Stakeholder Pressure and Corporate Environmental Reporting Policies

Institutional Constraints, Stakeholder Pressure and Corporate Environmental Reporting Policies

The impact of water information disclosure on the cost of capital: An empirical study of China's capital market

The Drivers of Corporate Water Disclosure in Enhancing Information Transparency

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