Real Effects of a Widespread CSR Reporting Mandate: Evidence from the European Union's CSR Directive

Fiechter, Peter; Hitz, Jörg‐Markus; Lehmann, Nico

doi:10.1111/1475-679x.12424

Cited by 148 publications

(45 citation statements)

References 55 publications

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“…A higher value of discretionary accruals indicates greater amounts of accrual-based earnings management (AEM) and thus greater information asymmetry. 4 We follow Fiechter, Hitz and Lehmann (2022) and use CSR controversies as a measure of the information asymmetry-related CSR practices of the firm. Using ESG controversies as a measure of information asymmetry yielded consistent results.…”

Section: Additional Analysismentioning

confidence: 99%

Walking the Talk? A Corporate Governance Perspective on Corporate Social Responsibility Decoupling

Gull

Hussain

Khan

et al. 2022

British J of Management

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Information asymmetry and the pressure to conform to stakeholders' expectations cause firms to engage in corporate social responsibility (CSR) decoupling -a practice that has severe socioeconomic consequences for firms. Adopting a corporate governance perspective, this paper answers a novel question: whether board gender diversity (BGD) curbs CSR decoupling. Using a battery of sophisticated analyses and robustness tests on 9276 firm-year observations for the period 2002-2017, our results confirm that BGD is negatively associated with CSR decoupling. Analysis of the composition of gender-diverse boards further reveals that this effect is stronger for balanced boards than for skewed and tilted boards. Furthermore, we note that independent female directors are more effective monitors of decoupling than executive female directors. We also document that the relationship between BGD and CSR decoupling is stronger when the overall governance is weak. This implies that gender-diverse boards could act as a substitute mechanism for corporate governance that would otherwise be weak. Our study offers important theoretical and policy implications for the field of corporate governance and CSR.

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Section: Additional Analysismentioning

confidence: 99%

Walking the Talk? A Corporate Governance Perspective on Corporate Social Responsibility Decoupling

Gull

Hussain

Khan

et al. 2022

British J of Management

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“…France or Denmark, large companies have been required to produce CSR reports for a long time. The EU Directive 2014/95, which mandates CSR reporting by large listed companies in the EU, has been demonstrated to have effects on the CSR activities of the affected companies (Fiechter et al, 2022). In a similar vein, it has been found that companies -contingent upon a series of pressures -pay interest to what their own country perceives as important (Amor-Esteban et al, 2018).…”

Section: Headquartersmentioning

confidence: 97%

Social visibility and substance in corporate social sustainability disclosures

Pollach

Schaper

2022

CCIJ

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PurposeSocial and environmental reports have become an increasingly regulated area of corporate reporting and communication. Nevertheless, the substance and level of detail present in such disclosures is largely at the discretion of companies, which has implications for the value of such disclosures to stakeholders. The purpose of this study is to shed light on social visibility as a determinant of the variation in substance found in social disclosures in order to understand underlying reasons for why some firms offer more substance than others in their social disclosures.Design/methodology/approachBased on a number of hypotheses, which are combined into social visibility, the paper investigates whether a firm's social visibility is a determinant of substance in social disclosures. To this end, the case of modern slavery statements is used as a recently introduced and legally mandated form of social sustainability disclosures.FindingsThe findings suggest that social visibility can explain part of the variation in the substance of social disclosures. However, for the remaining part, it is argued that substance in social disclosures can also be driven by institutional logics, which shape organizational outcomes in specific contexts, but are largely unobservable.Originality/valueThis article contributes new insights to the literature on the relationship between corporate social visibility and the substance of social disclosures.

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“…Program's effects more completely, I explore emission responses prior to disclosure. Facilities knew as early as April 2009 that their emissions would be publicly disclosed, and thus they might have anticipated stakeholder pressure (e.g., Fiechter, Hitz, and Lehmann [2022]). The U.S.…”

Section: Ghg Emission Responses Prior To Us Program Disclosurementioning

confidence: 99%

Greenhouse Gas Disclosure and Emissions Benchmarking

Tomar

2023

J of Accounting Research

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I examine the effects of the U.S. Greenhouse Gas (GHG) Reporting Program, which requires thousands of industrial facilities to measure and report their GHG emissions. I show that facilities reduce their GHG emissions by 7.9% following the disclosure of emissions data. The evidence indicates that benchmarking-whereby facilities use the disclosures of their peers to assess their own relative GHG performance-spurs emission reductions. Firms' concerns about future legislation appear to motivate this behavior and measurement alone (without disclosure) seems not to reduce emissions.

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Real Effects of a Widespread CSR Reporting Mandate: Evidence from the European Union's CSR Directive

Cited by 148 publications

References 55 publications

Walking the Talk? A Corporate Governance Perspective on Corporate Social Responsibility Decoupling

Walking the Talk? A Corporate Governance Perspective on Corporate Social Responsibility Decoupling

Social visibility and substance in corporate social sustainability disclosures

Greenhouse Gas Disclosure and Emissions Benchmarking

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