The effect of national culture on the association between profitability and corporate social and environmental disclosure

Khlif, Hichem; Hussainey, Khaled; Achek, Imen

doi:10.1108/medar-12-2014-0064

Cited by 86 publications

(119 citation statements)

References 94 publications

(102 reference statements)

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“…The coefficient values in both models are significant at p <.05, thus supporting H 2 which hypothesises that culture influences CSR disclosure. This finding is similar to those found by Haniffa and Cooke (2005), Waldman et al (2006), Archambault and Archambault (2013), García-Sánchez et al (in press), Mohamed Adnan et al (2010), and Khlif et al (2015). The positive and significant effect of culture on CSR disclosure indicates that Malay-majority board members provide better CSR disclosure, supporting the view of Sendut (1991), Lim (1998), Rashid and Ibrahin (2008) and Zawawi (2008) the Malays are more oriented towards relationship building.…”

Section: Findings and Discussionsupporting

confidence: 91%

“…Prior studies by Archambault and Archambault (2003), García-Sánchez, Rodríguez-Ariza and Frías-Aceituno (2013), Waldman et al (2006), and Mohamed Adnan, Staden and Hay (2010) argued that culture could influence CSR (and voluntary) disclosure and decisionmaking process. Khlif, Hussainey, and Achek (2015) found that culture has a positive moderating effect on the relationship between profitability and environmental disclosure. Measuring specifically on the studies performed in Malaysia, Haniffa and Cooke (2005) found that Malay directors and Malay shareholders bring positive impacts to the company especially in terms of CSR disclosure.…”

Section: Theories and Hypothesis Developmentmentioning

confidence: 98%

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The moderating effect of culture on the relationship between women directors and CSR disclosure in Malaysia

Rahman

Ismail

2018

AJAG

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This study examines the moderating effect of culture on the relationship between women directors and CSR disclosure. The reason for examining this issue is twofold. First, the effort and focus to improve the representation of women on corporate boards in Malaysia is continually being discussed since 2011. Thus, having women on corporate boards may affect company's CSR disclosure differently if compared to when boards are dominated by men. Second, having multiethnic boards may also influence the decision-making process in that different ethnic groups would react differently in the decision making process related to CSR disclosures, for example it is assumed that boards dominated by Malays would react differently if compared to boards dominated by other ethnic groups. Data for this study is collected from company's annual report for the year 2013. Three hundred (300) companies were used as the sample of this study. Two theories were applied in this study: transformational leadership theory and cultural theory. Using a hierarchical regression analysis, this study finds that culture influences CSR disclosure, and moderates the effects of women directors on companies' CSR disclosure. The moderating effect could be interpreted that women directors positively influence companies' CSR disclosure and are able to exercise their transformational leadership style when boards are dominated by Malay directors. The findings of this study support the efforts taken by the government at increasing the Malay (or Bumiputra) and women participation at decision-making level.

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Section: Findings and Discussionsupporting

confidence: 91%

Section: Theories and Hypothesis Developmentmentioning

confidence: 98%

The moderating effect of culture on the relationship between women directors and CSR disclosure in Malaysia

Rahman

Ismail

2018

AJAG

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“…The generators recognised the possible strategic implications of these changes on their cost, profits and competitiveness, consistent with Khlif et al (2015) and Maroun (2015), and most started to analyse CC risks and opportunities for planning and possible repositioning purposes. This is consistent with an anticipatory strategy.…”

Section: Period 2 -Anticipatory and Proactive Strategiesmentioning

confidence: 99%

Business strategies and management accounting in response to climate change risk exposure and regulatory uncertainty

Bui

Villiers

2017

The British Accounting Review

141

126

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This study aims to theorise and foster a better understanding of the strategies organisations adopt to respond to the risks and opportunities emerging from changing government climate change policies and the supporting management accounting adopted. Data include interviews and archival documents from five New Zealand electricity generators. We construct a theoretical framework that links climate change risks and opportunities to strategic responses. Climate change risk exposure increased during the period due to changes in the estimation/perception of climate change risks, market opportunities and regulatory uncertainty. Organisations' strategies changed in response, moving from a stable strategy to different combinations of anticipatory, proactive, and creative strategies, and finally regressing to a reactive strategy. Carbon management accounting changed to support the new strategy adopted in each time period. Long term physical and monetarised accounts for sustainability and extensive use of carbon information were prevalent during periods when the companies employed a proactive or creative strategy. In contrast, short-term physical accounts for unsustainability and limited use in decision-making were observed when the companies adopted stable, anticipatory or reactive strategies. Regulatory uncertainty was found to be the major constraint to a proactive strategy and carbon management accounting development in response to climate change.

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“…Stakeholder theory suggests that companies try to manage their relationships with different stakeholders to gain competitive advantage, therefore lead to better financial performance (Khlif et al 2015). In response to pressures from various stakeholders such as governments, environmental groups, employees and the public, companies increase corporate social responsible reporting.…”

Section: Theorymentioning

confidence: 99%

“…Roberts' (1992) study confirms that the levels of corporate social responsible reporting are significantly influenced by stakeholder power, strategic posture and economic performance. Corporate financial profitability is a key factor that influences corporate social responsible reporting, but Khlif, Hussainey and Achek (2015) found that national culture moderates the association between profitability and corporate social responsible reporting. De Villiers and Alexander (2014) found evidence that management intent or company social and environmental performances do not necessarily drive corporate social responsible reporting but is rather a reflection of global corporate social responsible reporting templates.…”

Section: Introductionmentioning

confidence: 99%

The levels of disclosure relating to mine closure obligations by platinum mining companies

Sturdy

Cronje

2017

SAJEMS

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Background: Mine closure obligations are economically significant, and the consequences of insufficient mine closure obligations are of public interest. The incidence of acid mine drainage and the high number of ownerless and abandoned mines in South Africa have brought the consequences of insufficient mine closure obligations in the mining sector into the spotlight.Aim: The aim of this study is to establish the extent to which platinum mines listed on the Johannesburg Stock Exchange (JSE) comply with a recommended disclosure framework.Setting: South Africa is the largest producer of platinum in the world. The study covers all platinum mines listed on the JSE.Methods: Using a framework, a census of the annual financial statements, integrated annual reports and sustainability reports or websites was conducted to determine the level of compliance of disclosure relating to mine closure obligations to the recommended disclosure framework.Results: The results show disclosure relating to mine closure obligations of platinum mines listed on the JSE is inconsistent and not sufficient for stakeholders to understand the scope, key assumptions, parameters or reliability of the assessment and calculation of mine closure obligations.Conclusion: The assumptions used to determine mine closure obligations are specialised and multi-disciplinary. The accuracy and reliability of mine closure obligations will improve dramatically through greater transparency and access to information. It is recommended that the JSE listings for mining companies should require a competent person’s report to provide disclosure on assumptions, key values and processes applied to determine the mine closure obligations. Furthermore, it is recommended that the Department of Mineral Resources implements a mechanism of independent assessment of mine closure obligations by experts on an ongoing basis.

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The effect of national culture on the association between profitability and corporate social and environmental disclosure

Cited by 86 publications

References 94 publications

The moderating effect of culture on the relationship between women directors and CSR disclosure in Malaysia

The moderating effect of culture on the relationship between women directors and CSR disclosure in Malaysia

Business strategies and management accounting in response to climate change risk exposure and regulatory uncertainty

The levels of disclosure relating to mine closure obligations by platinum mining companies

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