Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure

Villiers, Charl de; Marques, Ana

doi:10.1080/00014788.2015.1039476

Cited by 250 publications

(141 citation statements)

References 44 publications

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“…In this sense, voice and accountability are the reflection of the degree of democracy and freedoms. One can conclude that such a liberal context can ensure and produce higher non-financial and social disclosures as outcomes (De Villiers and Marques [61]). Since companies today fill the social void by offering other services, and since they increasingly play public roles, a democracy ideal would require that these organizations are subject to some form of regulation to "blend" their financial goals with their social and political commitment goals-CSR (Hussain and Moriarty [101]).…”

Section: Discussionmentioning

confidence: 99%

“…One can conclude that such a liberal context can ensure and produce as outcome higher non-financial and social disclosures. De Villiers and Marques [61], found that firms are more committed to social disclosures in countries with higher levels of democracy, rather than those which operate in a restricted or unstable context.…”

Section: Voice and Accountabilitymentioning

confidence: 99%

“…Corrupted governments manipulate political policies and economic environment to increase profits or decrease costs for a firm or a particular group of companies (Di Tella and Ades [62]). According to the conclusion of De Villier and Marques [61], firms are more likely to disclose CSR information in countries with better investor protection, higher levels of democracy, more effective government services, higher quality regulations, more press freedom, and a lower commitment to environmental policies.…”

Section: Political Systemmentioning

confidence: 99%

“…As for practical implication of a political system, it was found that firms with a higher level of democracy tend to disclose more information (Goodrich [50]; De Villiers and Marques [61]). In contrast, Williams ([52]) argued that a low level of corporate disclosure is linked largely with countries that have practiced civil oppression and violations of political rights.…”

Section: Political Systemmentioning

confidence: 99%

“…To our study, this variable belongs to Political System factors. According to De Villiers and Marques [61] and to Goodrich [50]:…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

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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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Section: Discussionmentioning

confidence: 99%

Section: Voice and Accountabilitymentioning

confidence: 99%

Section: Political Systemmentioning

confidence: 99%

Section: Political Systemmentioning

confidence: 99%

“…To our study, this variable belongs to Political System factors. According to De Villiers and Marques [61] and to Goodrich [50]:…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

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

2018

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The influence of environmental performance on environmental disclosures: An empirical study in Ghana

2019

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The purpose of the study is to assess the level of corporate environmental disclosures in the corporate annual reports of mining and manufacturing companies in Ghana and their environmental performance. It further assesses the effect of environmental performance on environmental disclosures. A content analysis of the corporate annual reports of 25 companies over a 4‐year period for their environmental disclosures was undertaken using a disclosure index developed in line with Wiseman's (1982) environmental disclosure index. The environmental performance of the sampled firms was proxied by the rating score based on the AKOBEN environmental performance rating tool. A multiple regression analysis was undertaken using a random effect estimation model to test for the effects of environmental performance on environmental disclosures. The study finds that mining companies make more environmental disclosures than the manufacturing companies. Environmental performance was found to be a statistically significant but negative determinant of environmental disclosures. This indicates that mining and manufacturing companies make environmental disclosures to legitimize their activities in the society. The study did not consider the quality of the environmental disclosures. In addition, the study does not consider all companies assessed by the rating tool due to the selection criteria used in sampling the companies for the study. Management of companies needs to improve upon their environmental disclosure practices to gain legitimacy in the society. To the author's knowledge, this is the first study that uses the performance score of an environmental performance rating tool developed in the context of a developing country.

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Enhancing Market Valuation of ESG Performance: Is Integrated Reporting Keeping its Promise?

2016

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This paper studies the effectiveness of a firm's strategy to report on its ESG activities with regard to the extent and direction in which the firm's ESG performance is valued by capital market investors. It is the first to disentangle the moderating effects of different types of ESG reporting on market valuation of ESG performance and to analyze whether following the current integrated reporting trend is worth the effort. Results indicate that ESG performance is valued more strongly and in the (desired) positive direction when firms publish an ESG report, irrespective of its type (stand‐alone or integrated). Furthermore, integrated reporting is associated with superior outcomes compared with a stand‐alone report for composite ESG and corporate governance performance. Our findings are important for corporate managers, as they help to understand market valuation of ESG performance in dependence on the reporting type and provide guidance for formulating and evaluating the reporting strategy. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment

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Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure

Cited by 250 publications

References 44 publications

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

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

The influence of environmental performance on environmental disclosures: An empirical study in Ghana

Enhancing Market Valuation of ESG Performance: Is Integrated Reporting Keeping its Promise?

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