Disclosure of environmental information by Canadian manufacturing companies: A voluntary disclosure perspective

The Virtuous Circle of Corporate Social Performance and Corporate Social Disclosure

“…The theoretical principle is that stakeholders, aware that firms have information that they lack, should interpret the non-disclosure as a deliberately decision taken by the firm and evaluate this circumstance in a negative way. The thesis is consistent with another assertion of voluntary disclosure theory which states that firms are more likely to disclose good performance and hide bad ones [23]. This is why good social performance often results in higher disclosure, with a greater adoption of quantitative measures of CSP, whereas bad performance is more likely to result in a silent behavior of the firm or in a lower disclosure in quality and quantity, in other terms, in a poor CSD.…”

“…That is, which is the direction of the relation between CSP and CSD? Therefore, drawing from the voluntary disclosure theory [23] [34], taking also into account the implications of the agency model [35], the paper tries to shed a light on a better comprehension of the relationship between CSP and CSD. In particular, the aim of this study is the demonstration of a non one-way relation, but, rather, the existence of a mutual interference between the social performance and the social disclosure made by companies.…”

Trends and determinants of corporate non-financial disclosure in Greece

“…Profitability is measured using return on equity (ROE) and return on assets (ROA) (Belkaoui and Karpik, 1989;Bewley and Li, 2000;Magness, 2006).…”

News Media Coverage of Corporate Tax Avoidance and Corporate Tax Reporting

“…A commonly identified trend is a significantly higher level of incident-related disclosure in terms of the number of words and positive tones in the contexts after media exposure (Deegan and Rankin, 1996;Darrell and Schwartz, 1997;Brown and Deegan, 1998;Neu et al, 1998;Bewley and Li, 2000;Deegan et al, 2000;2002;Islam and Deegan, 2010). It supports the assertion that "if there is increased community concern about environmental issues, driven by increased media attention, then the increased concern should be matched by increased disclosures."…”

“…More significantly, they highlight that corporate tax reporting is, by its nature, different from other types of corporate social and environmental disclosure. The commonly identified positive relationship between the level of media exposure and the extent of disclosure (Deegan and Rankin, 1996;Darrell and Schwartz, 1997;Brown and Deegan, 1998;Neu et al, 1998;Bewley and Li, 2000;Deegan et al, 2000;2002;Islam and Deegan, 2010) is not found in the case of corporate tax avoidance. It appears that a "do-not-respond" strategy (Benoit, 1997;Elsbach et al,1998;van Staden, 2006) is more predominant than "over-disclosure" strategies (Blank 2008;2009), especially when the media scrutiny of corporate tax reaches the maximum level.…”