Sustainability reporting in Fiji listed companies: A voluntary disclosure perspective using legitimacy theory

Abstract

The study examined the extent of sustainability reporting practices (voluntary disclosures — VD) of Fiji listed corporations. Using a theoretical framework informed by legitimacy theory, the authors predict the extent of both narrative and non-narrative VD. The study applied a content analysis method and examined archival data such as scholarly articles and 2019 annual reports data of listed companies. The means of triangulation was further augmented by backing the results of the study with prior literature on sustainability reporting. The findings highlight that narrative VD was evident in most annual reports. Non-narrative VD was adequate with a primary focus on corporate social responsibilities. From an overall perspective, VD was found to be very limited. The study contributes to providing insights into the paucity of literature in developing nations’ context on sustainability reporting practices

Profitabilitas, Good Corporate Governance, Pengungkapan Corporate Social Responsibility dan Nilai Perusahaan

“…Berdasarkan teori legitimasi yang menyatakan bahwa upaya yang dapat dilakukan untuk dapat diterima adalah dengan memeroleh kepercayaan lingkungan sekitar dengan memberikan hubungan timbal balik yang positif melalui kegiatan CSR. Raj & Azam (2021) menyatakan bahwa wujud kepatuhan terhadap norma dan nilai yang berlaku di masyarakat, mendorong perusahaan untuk melakukan pengungkapan sukarela sebagai upaya memperoleh legitimasi. Pengungkapan ini dilakukan sebagai bentuk pertanggungjawaban perusahaan terhadap dampak yang dihasilkan dari tindakan operasional perusahaan.…”