Impact of the Institutional Macro Context on the Voluntary Disclosure of CSR Information

García‐Sánchez, Isabel‐María; Cuadrado‐Ballesteros, Beatriz; Frías-Aceituno, José-Valeriano

doi:10.1016/j.lrp.2015.02.004

Cited by 200 publications

(283 citation statements)

References 108 publications

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“…Los resultados obtenidos son consistentes con los estudios que han puesto de relieve el efecto negativo que tiene la masculinidad de los países con el suministro de información de sostenibilidad (Williams, 1999;Ringov & Zollo, 2007;Prado et al, 2013;García-Sánchez et al, 2015). Sin embargo, coincidiendo con Ringov y Zollo (2007) y en contra de la evidencia suministrada por Ho et al (2012), no hemos detectado ninguna relación significativa con la individualidad de los países.…”

Section: Discusión De Los Resultadosunclassified

Información de responsabilidad social corporativa y teoría institucional

Ortiz¹,

Grado²

2016

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ResumenObjeto: La investigación sobre divulgación de información de sostenibilidad se ha centrado en el ámbito de la empresa, siendo escasos los trabajos que analizan las diferencias entre países. El objetivo es identificar los factores que explican las diferencias en el suministro de información de sostenibilidad a nivel macroeconómico.Diseño/metodología/enfoque: La muestra incluye 9,570 memorias elaboradas en el marco de la Global Reporting Initiative en 53 países en el periodo 2007-2012. La información para cada país se ha estandarizado por millón de habitantes en cada año. Se han utilizado modelos de regresión múltiple para estudiar la incidencia de la gobernabilidad, la cultura y la globalización. Aportaciones y resultados: Se detecta que los indicadores de gobernabilidad del BancoMundial, la proporción de escaños de las mujeres en los parlamentos nacionales y la inversión extranjera directa explican de forma significativa el suministro de información de sostenibilidad en el conjunto de países analizados. Existen diferencias cuando la muestra se desagrega entre países desarrollados y en desarrollo.-942-

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Section: Discusión De Los Resultadosunclassified

Información de responsabilidad social corporativa y teoría institucional

Ortiz¹,

Grado²

2016

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“…Furthermore, the authors produced an advanced study on the relationship between CSR, market value and institutional factors. Garcia-Sanchez et al [41] analyzed CSR disclosure of companies in 20 developed countries and investigated the effects produced by the institutional environment. The Authors found that firms located in countries with a strong institutional environment improve the quality of their CSR disclosure.…”

Section: Theoretical Literature Review On Institutional Factors and Csrmentioning

confidence: 99%

Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

2018

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Abstract:We propose to investigate the relationship between corporate social responsibility disclosure and institutional/environmental factors among a sample of European listed companies. We find that, by using several traditional explicative variables, institutional factors affect the level of CSR disclosure, in a context where the EU Commission has been paying growing attention to social and environmental accountability of listed companies (see the EU Dir. 95/2014). Our findings are further supported by multivariate regression, where ESG score (measure of CSR disclosure) is regressed on nine variables which represent the expression of institutional factors. By looking at the institutional determinants of CSR disclosure, we are seeking to pose a challenge for future research agenda, in order to understand whether CSR does actually reflect an effective commitment of firms to accounting practices and rules, as a form of social behavior, or whether it is just a tool to manage stakeholders' perception and to comply with regulation.

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“…In this respect, Martínez-Ferrero and García-Sánchez [49] showed that adoption of assurance responds to coercive pressures, since the legal systems act as an influential factor. Specifically, civil law countries are more likely to adopt assurance [49], since they are more oriented toward stakeholders [50] and, society understand a wide range of stakeholders as possessing a legitimate interest in corporate activities [51]. Normative isomorphism is the process by which organisations adopt the structures and procedures advanced by dominant professions, professional bodies, and/or consultants [47].…”

Section: Theoretical Approachmentioning

confidence: 99%

“…According to Scott [52,53], cultural systems could be considered as normative forces, since they introduce a prescriptive, evaluative and obligatory dimension to social life. In this respect, García-Sánchez et al [51] argued that the cultural affinity of sustainability determines stakeholders' expectations for companies, generating a propensity in firms to adopt sustainable behaviour and improve their transparency to obtain social legitimacy. On the other hand, this kind of isomorphism is consistent with the 'standardisation' of assurance [54] through, for instance, the increase of adoption of standards [42], like the ISAE 3000 and the AA1000AS.…”

Section: Theoretical Approachmentioning

confidence: 99%

Sustainability Assurance in Socially-Sensitive Sectors: A Worldwide Analysis of the Financial Services Industry

2018

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Sustainability reporting and assurance have considerably increased in the last decades. Among different sectors, 'sensitive sectors' attracted the attention of many academics. However, most of research works were focused only on 'environmentally-sensitive sectors'. Therefore, after the loss of trust caused by the lack of transparency due to the crisis, 'socially-sensitive sectors' as financial services sector needs to strengthen users' confidence in the credibility of their reported activities. The aim of this paper is to assess assurance practices worldwide in one of the main 'socially-sensitive sectors': the financial services sector. We study what factors are associated with adoption of assurance and choice of assurance provider, and whether assurance statements differ across providers. Our results reveal that, compared to the global context, companies operating in the financial services sector are more likely to adopt assurance and to choose accountants as assurance providers. Our findings show that adoption of assurance depends on company size. We also found that companies using the financial services sector supplement are more prone to adopt assurance. Our results also evidence that choice of assurance provider depends on the country and listing status Finally, our research shows a great variability in assurance statements across providers.

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Impact of the Institutional Macro Context on the Voluntary Disclosure of CSR Information

Cited by 200 publications

References 108 publications

Información de responsabilidad social corporativa y teoría institucional

Información de responsabilidad social corporativa y teoría institucional

Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

Sustainability Assurance in Socially-Sensitive Sectors: A Worldwide Analysis of the Financial Services Industry

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