Voluntary Disclosure Research: Which Theory Is Relevant?

Cotter, Julie; Lokman, Norziana; Najah, Muftah M.

doi:10.2139/ssrn.3470466

Cited by 45 publications

(47 citation statements)

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“…As previously maintained, the International <IR> Framework states in fact that the primary target are providers of financial capital and then other stakeholders. Accordingly, as maintained by Cotter, Lokman, and Najah (), the choice of the relevant disclosure theory(ies) depends on the type of voluntary disclosure under study.…”

Section: Theory and Hypotheses Developmentmentioning

confidence: 99%

Exploring the firm and country determinants of the voluntary adoption of integrated reporting

2019

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Information used to manage the business and support the decision‐making of stakeholders is being subject to an evolution. In this context, traditional financial reporting is considered not sufficient anymore. This has translated into a sharp increase in the number of firms that have begun to adopt emerging reporting practices. This study aims to examine the influence that both firm‐ and country‐specific characteristics have on the voluntary uptaking of integrated reporting internationally. In order to do so, it analyses a sample of 71 international listed companies that have adopted this reporting form in 2016. The results show that firms are more likely to implement integrated reporting if they are located in countries with a higher level of corruption perception and a better risk rating and that are considered as relatively more collectivist and feminist and with a long‐term orientation. Legal system has resulted to be not significant. As for firms' characteristics, large size, profitability, market‐to‐book ratio, and the size of the board are found to be significant variables. Moreover, the results indicate that the adoption of integrated reporting is not influenced by a higher level of leverage, firm efficiency and board diversity and independence.

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Section: Theory and Hypotheses Developmentmentioning

confidence: 99%

Exploring the firm and country determinants of the voluntary adoption of integrated reporting

2019

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“…So, to reduce such agency costs, managers disclose more information (Cooke, 1989a;Raffournier, 1995). Based on agency theory, which explains disclosure variations, many other authors have addressed this issue (Białek-Jaworska & Matusiewicz, 2015;Biscotti & D'Amico, 2016;Cotter, Lokman & Najah, 2011;Dumay & Guthrie, 2017;Martins, 2012 ;Oliveira, Rodrigues & Craig, 2011;Oliveira et al, 2006;Ousama, Fatima & Hafiz-Majdi, 2012;Wallace & Naser, 1995;Wallace, Naser & Mora, 1994).…”

Section: Associated Theoriesmentioning

confidence: 99%

“…This theory states that there is a social contract between business and society, and companies must implement actions in order to convey a true and fair view of their business. Through disclosure practices, companies seek to ensure that their operations and activities are perceived by stakeholders as legitimate, contributing to the general welfare of society (Cotter et al, 2011;Ousama et al, 2012).…”

Section: Associated Theoriesmentioning

confidence: 99%

Compliance with intangible assets disclosure requirements: study of Portuguese non-financial companies

Azevedo

Oliveira

Couto

2018

CyA

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“…respectively. Cotter et al (2011) argued that management will examine the costs and benefits of CSRR before making any decision on whether to report or not. However, companies can reduce the risk of potential loss from reputational damage by disclosing CSRR (Chousa et al, 2017).…”

Section: Corporate Social Responsibility Reporting Quantity Analysismentioning

confidence: 99%

Corporate social responsibility reporting of international oil companies in Nigeria

Odera

James

Scott

et al. 2020

IJOES

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Purpose This study aims to identify factors influencing corporate social responsibility reporting (CSRR) practices of international oil companies (IOCs) in Nigeria. It aims at distinguishing CSRR levels by examining both the quantity and quality of reporting. Design/methodology/approach The paper analyses annual reports through content analysis. CSRR extent and type are measured by the number of sentences. CSRR are further classified into three subcategories according to whether they are negative, neutral or positive reports and then their proportions compared through descriptive analysis. Findings For the extent and quality of CSRR, community was the most reported category. The majority of the total CSRR in the IOCs is positive with little evidence of negative news. None of the IOCs in the sample reported on the environment in their annual reports. Research limitations/implications The measurement of CSRR focuses only on annual reports, without consideration of other reporting media such as standalone reports and corporate websites. CSRR are assumed to be voluntary for the companies and they may choose not to report any information in annual reports, as there are no regulations or reporting guidelines in Nigeria to be followed. Practical implications The results reveal the absence of environmental reporting in the CSRR of IOCs in Nigeria suggests that they are less concerned with meeting local demands for accountability. The study recommends the need for regulatory intervention on the part of the Nigerian Government. Social implications The findings of study indicate that predominant existence of positive CSRR news among all the IOCs suggests there’s an attempt to encourage stakeholders and the public to believe that they are conscious of society and the environment. Originality/value The main contribution of this study lies in identifying the factors that have led to diversity and uniqueness in CSRR in IOCs. As such, this study seeks to contribute to the development of understanding multiple factors that could give rise to changing patterns of CSRR.

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Voluntary Disclosure Research: Which Theory Is Relevant?

Cited by 45 publications

References 0 publications

Exploring the firm and country determinants of the voluntary adoption of integrated reporting

Exploring the firm and country determinants of the voluntary adoption of integrated reporting

Compliance with intangible assets disclosure requirements: study of Portuguese non-financial companies

Corporate social responsibility reporting of international oil companies in Nigeria

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