The expansion of non-financial reporting: an exploratory study

Stolowy, Hervé; Paugam, Luc

doi:10.1080/00014788.2018.1470141

Cited by 221 publications

(172 citation statements)

References 34 publications

Supporting

Mentioning

137

Contrasting

Unclassified

Order By: Relevance

“…Considering that CSR reporting, in contrast to financial reporting, is less regulated on national levels due to historic and institutional differences, companies generally must refer on global frameworks. These are mostly general in nature and policy makers have yet not come up with distinct guidance, including a consistent definition of CSR reporting per se (Stolowy et al, 2018). Thus, especially providers of CSR disclosures, -in particular, large business groupsneed to be aware of topic-specific differences in order to avoid misunderstandings and threats to their legitimacy outside their home countries.…”

Section: Introductionmentioning

confidence: 99%

Implicit Versus Explicit Corporate Social Responsibility Disclosure: A Textual Analysis

Hummel

Mittelbach‐Hörmanseder²,

Cho

et al. 2017

SSRN Journal

View full text Add to dashboard Cite

In this paper, we investigate whether companies located in liberal market economies report more explicitly about specific CSR topics than firms located in coordinated market economies. For a sample of 3,384 CSR reports of European and US firms, we perform a textual analysis over the period 2008 -2016. Our results confirm that companies located in LMEs report more explicitly about education and philanthropy; for parental leave and climate, we find a negative and significant association. We also find that CSR performance, size and report length are positively associated with the explicitness of our topic-specific CSR disclosure scores. Our results are robust to a variety of alternative measures. EXPLICIT CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE:A TOPIC-BASED APPROACH disclosure to specific industries, cross-national differences are less likely considered.However, our study results suggest that the institutional setting not only affects the explicitness of topic-specific CSR disclosure but also differs depending on the CSR topic under consideration. Therefore, our contribution to the literature is threefold.First, to the best of our knowledge, the current study is the first to apply an explicit topic-based approach to the measurement of CSR disclosure. The fact that CSR is composedby its nature -of different topics is not considered when conducting CSR disclosure research based only on (often dichotomized) levels of disclosure. Interestingly, most of the empirical and large-sample evidence focuses on levels of CSR disclosure. Thus, our textual measure of CSR topics accounts for this caveat and allows for a more accurate representation of CSR.

show abstract

Section: Introductionmentioning

confidence: 99%

Implicit Versus Explicit Corporate Social Responsibility Disclosure: A Textual Analysis

Hummel

Mittelbach‐Hörmanseder²,

Cho

et al. 2017

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…Taking into account the analyzed studies, the sample designed by the authors started from the quantitative type of research that was rendered by qualitative evaluation techniques based on the scoring method. In the specialty literature, there are studies that use the quantitative comparison method (Cosma et al, 2018;Stolowy & Paugam, 2018). The first quantitative research identifies the IR phenomenon based on the evaluation of the ability to recognize based on the bonus of the stakeholders' reporting.…”

Section: Methodsmentioning

confidence: 99%

An empirical analysis of stakeholders’ expectations and integrated reporting quality

Cosmulese

Socoliuc

Ciubotariu

et al. 2019

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

Within the present-day economic situation ensuring a competitive position coincides with its ability of managing its relationship with the stakeholders regarding the distribution of the added value and setting up of a legit consensus between them and the company itself. The main objectives of the study focus both on identifying the reasons that led to the development of the information transparency in order to satisfy the stakeholders' expectations within the Integrated Reporting (IR) and on the dynamic analysis of the main economic and financial factors (from a sample of 180 companies quoted on the stock exchange during 2008-2017) that were the foundation of the statistical design for evaluating the companies' ability to satisfy the stakeholders' expectations. The research methods refer to identifying those evaluation methods in terms of the IR's quality and compliance regarding the stakeholders' expectations based on the analysis of the database and the econometric model. The final results can be very useful both for those companies that are already using or will choose to apply the IR in the near future and for the potential stakeholders as they have the option of evaluating beforehand the degree of satisfaction of their expectations in relationship with the reporting company.

show abstract

“…The United States equity market is of particular interest when analysing investment strategies and results, given its strong efficiency and well-established institutional dynamics, and considering that it is a reference market worldwide and a barometer of the US economy in particular, and of the whole world economy generally [97,98]. Regarding the relevance and importance of ESG matters in the US capital markets, although in the US, corporate sustainability reporting remains on a voluntary basis, and reporting rates are under the European and Asian ones [99], its business environment seems more demanding of this type of information [100]. US companies are assumed to develop an explicit or more strategically integrated CSR, compared to an implicit CSR in Europe, oriented towards meeting societal expectations [101].…”

Section: Selection Of An Sri Indexmentioning

confidence: 99%

Inclusions in and Exclusions from the S&P 500 Environmental and Socially Responsible Index: A Fuzzy-Set Qualitative Comparative Analysis

2019

View full text Add to dashboard Cite

Socially responsible investment (SRI) indices provide an interesting opportunity to analyse the links between corporate financial performance (CFP) and corporate sustainability performance (CSP). However, few studies focus on the antecedents of inclusions in and exclusions from SRI indices. Specifically, the implications of corporate sustainability disclosure (CSD) have been largely ignored in this field. Furthermore, previous literature on the CSP-CSD-CFP links shows inconclusive results that have been attributed to both methodological and measurement problems, which suggest the existence of asymmetry, equifinality and complexity amongst these links. This study targets two under-researched areas regarding the determinants of changes in the composition of SRI indices, and the effects of CSD on CSP. This study also attempts to overcome the methodological and measurement limitations of previous studies on the CFP-CSD-CSP links. The study presents a fuzzy-set qualitative comparative analysis (fsQCA) to explore how different combinations of CFP and CSD indicators are related to inclusions in an SRI index (assumed as expressions of a good CSP), and exclusions from an SRI index (equivalent to a poor CSP). The empirical results reveal that a combination of different CSD indicators is necessary, but not sufficient, to lead to the inclusion in or exclusion from an SRI index, and that CFP measures have asymmetrical effects on CSP. CSD is a relevant antecedent or precondition of CSP that can motivate changes in corporate behaviours towards an improved CSP. Poor CSP, leading to an exclusion from the index, is associated with poor CSD and a deterioration of CFP. The implications for researchers, business managers, SRI rating agencies and policymakers are derived.

show abstract

The expansion of non-financial reporting: an exploratory study

Cited by 221 publications

References 34 publications

Implicit Versus Explicit Corporate Social Responsibility Disclosure: A Textual Analysis

Implicit Versus Explicit Corporate Social Responsibility Disclosure: A Textual Analysis

An empirical analysis of stakeholders’ expectations and integrated reporting quality

Inclusions in and Exclusions from the S&P 500 Environmental and Socially Responsible Index: A Fuzzy-Set Qualitative Comparative Analysis

Contact Info

Product

Resources

About