Methodological Insights

Brennan, Niamh; Guillamón‐Saorín, Encarna; Pierce, Aileen

doi:10.1108/09513570910966379

Cited by 232 publications

(62 citation statements)

References 90 publications

(164 reference statements)

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“…After eliminating threats to legitimacy or winning a social reputation, companies often put aside high-profile environmental commitments [59,68]. Impression management theory explains the opportunistic behavior of companies in their external reporting and disclosure of information [69]. In order to establish a green impression, the company may either implement protective impression management, that is reporting good news but not bad news to cover up inactions in environmental protection, or adopt acquired impression management, that is reporting more environmental measures than are utilized, and using symbolic expressions instead of substantive actions for greenwashing [2].…”

Section: Level Of Greenness (Green)mentioning

confidence: 99%

Does Internal Control Contribute to a Firm’s Green Information Disclosure? Evidence from China

Rong-bing

Yu-bo

2020

Sustainability

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The literature shows that a firm's environmental information disclosure is affected by internal and external factors. However, it is unclear whether internal control positively impacts a firm's green information disclosure. We collected data from the period 2010-2016 from either environmental reports or the environmental section of social responsibility reports of A-share listed companies in the heaviest polluting industries of the Chinese capital market, 1603 companies in total, and established an evaluation index for measuring firm greenness. Our research indicates that the level of internal control was positively correlated to the firm's greenness level, and deficiencies in internal control were negatively correlated to the firm's greenness level, indicating that high-quality internal control improves company green information disclosure. Pertaining to property rights, the internal control of state-owned enterprises had a significant effect on improving the level of environmental information disclosure. Among five elements of internal control, the internal environment, information and communication elements had a significant positive impact on firm greenness. Compared with samples with uncorrected major deficiencies in internal control, rectified companies' environmental information disclosure was greener. These findings provide empirical evidence for a comprehensive understanding of the non-financial reporting goals of firm internal control, and will become a useful reference for firm green governance decision-making.

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Section: Level Of Greenness (Green)mentioning

confidence: 99%

Does Internal Control Contribute to a Firm’s Green Information Disclosure? Evidence from China

Rong-bing

Yu-bo

2020

Sustainability

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“…When it comes to corporate disclosures in both regulated (annual reports) and voluntary (CSR reports) reporting, impression management is evident in the way "management selects the information to display and presents that information in a manner intended to distort readers' perceptions of corporate achievement" (Godfrey et al, 2003, p. 96). Brennan et al, (2009) argue that impression management predominantly occurs in CSR reports as the less regulated area of disclosure and thus increases ''the opportunity for impression management" (Merkl-Davies and Brennan, 2007, p. 118).…”

Section: Impression Management and Csr Disclosuresmentioning

confidence: 99%

Board Gender Diversity and CSR Reporting: Evidence from Jordan

Fadli¹,

Sands²,

Jones³

et al. 2019

AABFJ

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This paper is an exploratory analysis of information overload in a sample of 15 Chinese companies from mining, manufacturing, finance, electricity and information technology industries. Using an adaptation of Dahlsrud's (2008) five dimensional framework of Corporate Social Responsibility (CSR) , we develop a longitudinal core information ratio analysis. Our findings suggest that while the length of the reports increased over the ten year period, the CSR information ratio, a measure of the proportion of the report comprising CSR disclosures, did not similarly increase. We argue that the driving force behind lengthy CSR reports is coercive pressure from the government and stock exchanges, and companies' attempts to manage their stakeholders' impressions. The results of this study have important implications for the Chinese government and Chinese stock exchanges as they consider ways to address and improve core CSR disclosures to be of greater value to users, rather than simply lengthier.

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“…These techniques are intended to fool "myopic" readers, by emphasizing positive information while selectively hiding negative information. In this respect, a remarkable example in relation to the empirical methodology adopted in this paper is the use of overly optimistic tones to influence investors' opinions [56,[77][78][79][80].…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability Disclosure in Integrated Reporting: Does It Matter to Investors? A Cheap Talk Approach

Camodeca

Almici

Sagliaschi³

2018

Sustainability

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The purpose of this study is to investigate the value-relevance of corporate sustainability disclosure through integrated reporting. Sustainability disclosure is subject to managers’ discretion. Besides, it is often hardly verifiable. In this respect, integrated reporting could provide the means for a verifiable disclosure, otherwise, in the jargon of game theory, it could be considered as a cheap talk. This paper investigates which of these hypotheses is most likely to occur in reality. In order to do this, a simple theoretical framework is introduced, where sustainability of corporate performances is modelled as a tail-risk for shareholders. Costless signaling games (cheap talk) and persuasion games are reviewed within this context, in order to derive competing theories of sustainability disclosure’s value relevance through integrated reporting. These alternative theories are tested empirically consistent with the theoretical framework presented, in order to identify key-parameters. In this respect, a systematic textual analysis (artificial intelligence) of integrated reports was employed as to build a synthetic measure of sustainability disclosure. The application of this methodology on a sample of European listed companies showed that sustainability disclosure through integrated reporting has no effect on market-valuations, confirming the null hypothesis of integrated reporting resulting in a cheap talk’s babbling equilibrium.

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Methodological Insights

Cited by 232 publications

References 90 publications

Does Internal Control Contribute to a Firm’s Green Information Disclosure? Evidence from China

Does Internal Control Contribute to a Firm’s Green Information Disclosure? Evidence from China

Board Gender Diversity and CSR Reporting: Evidence from Jordan

Sustainability Disclosure in Integrated Reporting: Does It Matter to Investors? A Cheap Talk Approach

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