Sustainability reporting, materiality, and accountability assessment in the airport industry

Karagiannis, Ioannis; Vouros, Panagiotis; Skouloudis, Antonis; Evangelinos, Konstantinos

doi:10.1002/bse.2321

Cited by 38 publications

(51 citation statements)

References 41 publications

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“…Hu et al (2011) showed that the principle of clarity has scored highly in Taiwanese firms, whereas materiality principles need to be examined through more detailed research. By examining materiality principles in European airports, Karagiannis et al (2019) identified high materiality on customer focus, financial sustainability, and business continuity.…”

Section: Discussionmentioning

confidence: 99%

“…It is a time-demanding procedure that often requires expert personnel (Karagiannis et al, 2019). Therefore, organizations should make more efforts and focus on defining the report content in line with their most material aspects (Bebbington, 2001).…”

Section: Assessing Csr Reportsmentioning

confidence: 99%

“…Publishing CSR reports is a rising trend in the business world. The reasoning behind this initiative lies in the fact that businesses seek modern and innovative tools to strengthen their corporate image, enhance their performance and, eventually, gain a competitive advantage against competitors (Adams & Frost, 2008;Carroll & Shabana, 2010; Karagiannis, Vouros, Skouloudis, & Evangelinos, 2019;Porter & Kramer, 2006;Tsalis, Malamateniou, Koulouriotis, & Nikolaou, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Introducing fundamental accountability principles in sustainability reporting assessment: A cross‐sectoral analysis from the Greek business sector

Vouros

Nomikos

Halkos

et al. 2020

Environmental Quality Mgmt

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In recent years, sustainability reports have been gradually adopted by businesses and organizations in order to enhance their preparedness, competitiveness, and ability to adapt to a rapidly changing world. The aim of this study was to assess the comprehensiveness of 44 Greek companies' corporate social responsibility (CSR) reports published in 2016. For this purpose, an evaluation methodology was developed in line with the accountability reporting principles suggested by the Global Reporting Initiative (GRI)-G4 guidelines for preparing and publishing sustainability reports. The overall findings indicate moderate levels of satisfaction as the sample Greek firms performed adequately at embedding the GRI reporting principles into their corporate disclosures. Most firms' integration of the "accuracy" and "reliability" principles was poor. Emerging from the latter outcome, together with the low integration of some materiality issues, are problems of transparency, credibility, balance, and completeness related to the publishing of CSR reports. It is likely that operational features such as type, size, and sector have the potential to influence the style and comprehensiveness of reports.

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Section: Discussionmentioning

confidence: 99%

Section: Assessing Csr Reportsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Introducing fundamental accountability principles in sustainability reporting assessment: A cross‐sectoral analysis from the Greek business sector

Vouros

Nomikos

Halkos

et al. 2020

Environmental Quality Mgmt

Self Cite

View full text Add to dashboard Cite

show abstract

“…A previous study has also revealed that some of the airlines reported CSR initiatives following the legal and regulatory guidelines, while others chose not to [6]. Recently, a change of CSR reporting practice is noted where airlines are found to report more on social and economic responsibilities [24,61,64]. To fully reveal the changing landscape of CSR reporting in the aviation industry, a longitudinal study on the reporting of major CSR issues is highly warranted.…”

Section: The Need For Researching Into Csr Reporting In Aviation Indumentioning

confidence: 99%

“…The first research question is proposed to reveal the trend and changes of CSR reporting along the three major CSR dimensions namely economic, environment and social issues in the airline industry [6,24,28,61,[63][64] from 2013 to 2017. RQ1: What was the trend of CSR reporting in the economic, environment and social dimensions in the airline industry from 2013 to 2017?…”

Section: Research Questions and Hypothesismentioning

confidence: 99%

Changing trends of corporate social responsibility reporting in the world-leading airlines

Yang

Ngai

2020

PLoS ONE

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The recent outbreak of major economic, environmental and social incidents (e.g. privacy leakage, corruption) has put the blooming airline industry under spotlight. However, scant studies examined the trends and changes of corporate social responsibility (CSR) practices through CSR reporting on the economic, environmental and social dimensions in the aviation industry. To fill the gap, the current study examines the economic, environmental and social themes of Global Reporting Initiative (GRI) Standards on CSR communication of the global airlines. Quantitative content analysis is adopted for analyzing and comparing the CSR themes in 105 CSR reports of 21 airlines in major leagues from 2013 to 2017. Our findings indicated a salient growing trend in CSR reporting in the economic dimension while GRI 201-Economic Performance was the most significantly reported sub-topic. Our study has also compared the CSR reporting practices between the APEC based airlines and EU based airlines. The results indicated that focus of CSR reporting was different in the two regions. This study provided a comprehensive understanding of how global airlines communicate their CSR practices and respond to stakeholders' expectations via CSR reporting. This study informs both academics and practitioners about the changing trends of CSR development and reporting in the airline industry worldwide.

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Financial materiality in the informativeness of sustainability reporting

Schiehll

Kolahgar

2020

Bus Strat Env

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This study examines whether financial materiality in environmental, social, and governance (ESG) disclosure benefits the stock market by increasing the amount of accessible and relevant firm‐specific information. Based on the value relevance of information and the principle of financial materiality, we demonstrate that disclosing material ESG information increases stock price informativeness. We conduct an automated content analysis of 150,000 electronic documents filed by firms listed on the S&P/TSX Composite Index from 1999 to the end of 2014. Our findings show that ESG disclosure is indeed value relevant for investors and that financial materiality in ESG disclosure leads to more informative stock prices. In addition, the effect of ESG disclosure on stock price informativeness differs across the ESG components, being more sensitive to the social component. This study contributes to the literature on sustainability reporting, and in particular to the ongoing discussion about whether the financial materiality of ESG issues matters. This study also deepens the understanding of agency theory predictions about the economic effects of ESG disclosure.

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Sustainability reporting, materiality, and accountability assessment in the airport industry

Cited by 38 publications

References 41 publications

Introducing fundamental accountability principles in sustainability reporting assessment: A cross‐sectoral analysis from the Greek business sector

Introducing fundamental accountability principles in sustainability reporting assessment: A cross‐sectoral analysis from the Greek business sector

Changing trends of corporate social responsibility reporting in the world-leading airlines

Financial materiality in the informativeness of sustainability reporting

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