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Corporate disclosure on anti-corruption practice: A study of social responsible companies in the Gulf Cooperation Council

Ayman Issa (Department of Accounting, Dongbei University of Finance and Economics, Dalian, China)
Antonio Alleyne (Dongbei University of Finance and Economics, Dalian, China)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 1 October 2018

1038

Abstract

Purpose

This paper aims to determine the extent of anti-corruption information disclosure in the sustainability reports originating from Gulf countries.

Design/methodology/approach

This study utilizes a deeply rooted content analysis technique of corporate sustainability reporting, covering 66 Gulf Cooperation Council (GCC) firms during 2014.

Findings

Strengthened by the application of the institutional theory, insight into the results points to a state of limited maturity regarding the disclosure of anti-corruption procedures in the region. More specifically, the results highlight the compliance in the reporting of conduct code, while reporting information on whistleblowing was significantly less in comparison. Firms in Qatar and the UAE ultimately release better informed reports, inclusive of detailed information on internal anti-corruption practices.

Originality/value

The aim of this study is to determine the extent of sustainability reporting in GCC companies under coercive isomorphism concept, with a special interest in the disclosure of anti-corruption practices. Ultimately, addressing the following questions: To what extent the GCC companies disclose their anti-corruption practices in the sustainability reports? What areas of anti-corruption disclosure the GCC is more concerned in their sustainability reports? To what extent do external forces under coercive isomorphism explain the extent of anti-corruption?

Keywords

Citation

Issa, A. and Alleyne, A. (2018), "Corporate disclosure on anti-corruption practice: A study of social responsible companies in the Gulf Cooperation Council", Journal of Financial Crime, Vol. 25 No. 4, pp. 1077-1093. https://doi.org/10.1108/JFC-05-2017-0045

Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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