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Article
Publication date: 1 April 2004

G. Faure and C.J. de Villiers

The recommendations of the King II Report on corporate governance regarding employee‐related disclosures by listed companies were identified. The annual reports of the Top…

Abstract

The recommendations of the King II Report on corporate governance regarding employee‐related disclosures by listed companies were identified. The annual reports of the Top 100 industrial companies as well as of the mining companies listed on the Johannesburg Securities Exchange were furthermore analysed to establish the percentage of companies that comply with the King II recommendations. It transpired that few of them comply fully with these recommendations.

Details

Meditari Accountancy Research, vol. 12 no. 1
Type: Research Article
ISSN: 1022-2529

Keywords

Article
Publication date: 1 August 2007

N. Nalan Altintas, Burcu Adiloglu and A. Taylan Altintas

The Purpose of the paper is to demonstrate the evolution of reporting on corporate social responsibility (CSR) in Istanbul Stock Exchange companies.

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Abstract

Purpose

The Purpose of the paper is to demonstrate the evolution of reporting on corporate social responsibility (CSR) in Istanbul Stock Exchange companies.

Design/methodology/approach

In order to monitor the evolution of reporting on CSR relevant information in the 2003, 2004 and 2005 annual reports of the ISE‐30 Index Companies were examined. The data collected were used to study in depth the following issues: information disclosed related to corporate governance; environmental policy; and social policy.

Findings

The study highlights that the companies' attitude towards CSR is encouraging and they try to fulfill their duties as a corporate citizen regarding the social responsibility.

Research limitations/implications

The study covers only 20 companies, which were in the ISE‐30 Index for all of the three years in order to provide comparable information. Since the annual reports of two of these 20 companies cannot be obtained, the research was conducted on the annual reports of the remaining companies that published their annual reports in their websites.

Practical implications

According to the study, the listed companies' disclosures on CSR are not at a desirable level in respect of the best practices. The study reveals that the Turkish companies should give more weight to reporting, especially on environmental and social issues.

Originality/value

Although similar research had been conducted in various countries, this is one of the first studies related to reporting on CSR conducted in the ISE‐30 Index in Turkey.

Details

Social Responsibility Journal, vol. 3 no. 3
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 1 April 2003

E. Antonites and C.J. de Villiers

The contents of the annual reports of listed mining companies as well as of the Top 100 industrial companies in South Africa were analysed to determine how the disclosure…

Abstract

The contents of the annual reports of listed mining companies as well as of the Top 100 industrial companies in South Africa were analysed to determine how the disclosure of environmental information has changed over time. Disclosure of general environmental information increased until 1999 and then stabilised at that level. The initial increase in the disclosure of specific environmental information, such as measurable objectives and environmental performance, was followed by a decrease from 1998 onwards. A possible explanation could be that the lack of legal requirements with regard to the reporting of environmental information enables companies to decide what to report and what the extent of the reporting should be. They can therefore elect not to report specific and sometimes sensitive information, because stakeholders could perceive such information to be negative and it could therefore have a negative impact on the corporate image.

Details

Meditari Accountancy Research, vol. 11 no. 1
Type: Research Article
ISSN: 1022-2529

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Article
Publication date: 1 April 2001

C.J. de Villiers and D.S. Lubbe

Previous research has revealed industry differences in respect of environmental reporting in South Africa. However, these studies concentrated on particular types of…

Abstract

Previous research has revealed industry differences in respect of environmental reporting in South Africa. However, these studies concentrated on particular types of environmental reporting and therefore precluded many other types of environmental reporting in the annual reports surveyed. Past surveys also awarded equal credit to any reference to a particular type of environmental information, whether it comprised a single sentence or several pages. The annual reports of the top 100 companies, in terms of market capitalisation, were analysed and a sentence count of environmental disclosure was done with the use of the Hackston & Milne (1996) methodology. The group of energy companies was defined as comprising companies in energy‐intensive industries or companies that are producers of energy carriers. The survey revealed that these companies disclosed significantly more environmental information than other companies, in total and in each category These findings are consistent with the notion of legitimacy, which holds that companies cannot prosper if their aims and methods are not perceived to be in line with that of society. For this reason, companies that have the most obvious environmental impact tend to disclose more environmental information than other companies in an effort to legitimise their aims and methods in the eyes of society.

Details

Meditari Accountancy Research, vol. 9 no. 1
Type: Research Article
ISSN: 1022-2529

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Article
Publication date: 31 December 2015

Manuel Castelo Branco and Dina Matos

– The purpose of this paper is to analyse the disclosure of information on the fight against corruption in the sustainability reports of Portuguese companies.

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Abstract

Purpose

The purpose of this paper is to analyse the disclosure of information on the fight against corruption in the sustainability reports of Portuguese companies.

Design/methodology/approach

Anti-corruption disclosure in the sustainability reports for 2009 of Portuguese firms, published on the website of the Portugal’s Business Council for Sustainability Development, is analysed. Three hypotheses are tested about associations between such disclosure and firm-specific variables.

Findings

Companies with a high visibility in terms of risk of corruption (companies in sectors with higher risk and government-owned companies) and companies that engage in association with the United Nations Global Compact seem to exhibit greater concern to improve the corporate image through disclosure.

Research limitations/implications

There may be content analysis issues associated with subjectivity in the coding process and the use of a limited content analysis method.

Originality/value

This paper adds to the scarce research on the fight against corruption in corporate social responsibility and the reporting thereof by providing new empirical data.

Details

Journal of Financial Crime, vol. 23 no. 1
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 29 April 2022

Ye Wang, Fusheng Wang and Shiyu Liu

This paper aims to discuss whether the attention of investors to abnormalities can serve as a mechanism for the influence of online media coverage on earnings management.

Abstract

Purpose

This paper aims to discuss whether the attention of investors to abnormalities can serve as a mechanism for the influence of online media coverage on earnings management.

Design/methodology/approach

Based on Baidu index data of China’s A-share listed companies between 2014 and 2018, this paper studies influencing mechanism of online media reports on earnings management from the perspective on abnormal investor attention.

Findings

The results show that internet media reports can impose pressure on managers of companies by inducing abnormal focus of the public on listed companies and further force the latter to generate more actions on the management of earnings. It is the abnormal rather than normal investor attention that mediates network media reports and earnings management.

Practical implications

This research enriches and refines the theory on influencing mechanism of media effects on earnings management and provides significant empirical evidence for future researches. Meanwhile, the conclusion of the research is of great practical importance for instructing listed firms dealing with media reports, guiding rational investment of investors and intensifying precision regulation of regulators.

Originality/value

By categorizing abnormal investor attention into active spontaneous abnormal attention which is not guided by media report and passive guided abnormal attention which is guided by media reports, the authors clarify the difference between the two categories. The result indicates that it is only the latter that is the influential mechanism of media report on earnings management.

Details

Nankai Business Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8749

Keywords

Article
Publication date: 30 March 2022

Ahmed Hassan Ahmed, Mohamed Elmaghrabi, Bruce Burton and Theresa Dunne

The purpose of this study is to provide a detailed descriptive account and analysis of corporate internet reporting (CIR) practices among non-financial companies listed on…

Abstract

Purpose

The purpose of this study is to provide a detailed descriptive account and analysis of corporate internet reporting (CIR) practices among non-financial companies listed on the Egyptian Exchange (EGX) at two points in time – December 2010 (pre) and December 2013 (peri) political and social unrest in Egypt.

Design/methodology/approach

The study developed a disclosure index to determine the extent of CIR practices among all non-financial companies listed on the EGX in December 2010 and December 2013. The study uses ordinary least squares (OLS) regressions and isometric log-ratio transformations for compositional independent variables to empirically examine the factors affecting CIR in Egypt using a modern institutional theory lens.

Findings

The findings of this investigation suggest that listed companies in Egypt have started embracing the power of the internet as a disclosure channel, but the extent of these practices increased significantly over the investigated period, with great variations evident among the sampled companies in this regard. Such variations were chiefly dependent on the changing institutional actors over the two time frames. Additionally, the findings show that the time factor is particularly important for a given institutional field to induce a sufficient diffusion of corporate practices, especially in periods with drastic institutional change.

Practical implications

The evidence presented reflects the voluntary nature of CIR practices and the absence of a reinforced regulatory framework for organizing and monitoring such practices, with companies having discretion in terms of the amount and type of information disclosed via their websites. The results should, therefore, provide useful guidelines for regulators and standard-setters in identifying best practices, which, in turn, should allow CIR practices to become more consistent, making them easier to monitor and govern.

Originality/value

To the best of the authors’ knowledge, this is the first study that examines CIR practices at two points in time using a comprehensive disclosure index and a modern institutional theory lens.

Details

International Journal of Organizational Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1934-8835

Keywords

Article
Publication date: 8 March 2022

Laura Sierra García, Helena María Bollas-Araya and María Antonia García Benau

This paper aims to investigate the relationship between corporate reporting on issues related to the Sustainable Development Goals (SDG) and the quality of non-financial…

Abstract

Purpose

This paper aims to investigate the relationship between corporate reporting on issues related to the Sustainable Development Goals (SDG) and the quality of non-financial information (NFI) corroborated by different types of assurors.

Design/methodology/approach

The study methods used include logistic regressions, focusing on data for Spanish listed companies in 2017–2018.

Findings

Analysis shows that companies are more likely to report SDG-related performance when their sustainability report is assured. This association remains constant irrespective of the nature of the assurance, which only became mandatory in Spain following the entry into force of Act 11/2018 in this respect. Moreover, companies that hire KPMG or PwC (two of the big four accounting firms) as assurance providers are more likely to report SDG-related performance than those that hire non-accounting firms. Finally, companies with higher quality assurance statements are more likely to address SDG-related matters.

Research limitations/implications

The authors believe the findings reported in this paper will help decision-makers better understand the quality of organisations’ contributions towards achieving the SDGs. Furthermore, this paper has implications for stakeholders, policymakers, academics and assurance providers concerning the relationship between SDG-related reporting and the quality of NFI.

Originality/value

To the best of the authors’ knowledge, no prior research has been undertaken to analyse the relationship between SDG-related company reporting and the assurance of NFI.

Details

Sustainability Accounting, Management and Policy Journal, vol. 13 no. 4
Type: Research Article
ISSN: 2040-8021

Keywords

Article
Publication date: 30 March 2022

Kishore Kumar, Ranjita Kumari, Monomita Nandy, Mohd Sarim and Rakesh Kumar

Based on the essence of the legitimacy and agency theories, this study empirically investigates the influence of corporate governance attributes and ownership structures…

Abstract

Purpose

Based on the essence of the legitimacy and agency theories, this study empirically investigates the influence of corporate governance attributes and ownership structures on sustainability reporting of companies listed on the National Stock Exchange (NSE), India.

Design/methodology/approach

The study is based on panel data regression analysis of sustainability reporting practices of 53 environmentally sensitive companies drawn from NIFTY100 Index at NSE. All data pertaining to sustainability information disclosure, ownership structure and corporate governance characteristics were sourced from sustainability report, business responsibility report, annual report and Centre for Monitoring Indian Economy (CMIE) database for the years 2015–2019.

Findings

The empirical result reveals that sustainability reporting scenario has been consistently improving in India. This study documents that government ownership and frequency of board meetings are the two most important factors significantly influencing the extent of sustainability information disclosure of companies. However, the present study failed to find any significant impact of board size and big4 auditing on sustainability reporting practices. Unexpectedly, a higher number of independent directors does not improve sustainability disclosure of companies in India.

Originality/value

This study is one of the first studies to investigate how the nature of ownership and corporate governance characteristics contribute to or impede sustainability reporting practices of companies in India. This study offers important insights to regulators, practitioners and investors to analyze whether sustainability disclosure of companies is influenced by corporate governance attributes. It also provides a perspective for regulators and corporate strategists to assess the impact of recent corporate governance reforms in India and consider how corporate governance mechanism can be used to improve sustainability reporting practices.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 2 March 2022

Rosa Esteban-Arrea and Nicolas Garcia-Torea

This paper aims to study companies’ strategic responses to regulative institutional pressures on sustainability reporting. Particularly, it investigates the role of…

Abstract

Purpose

This paper aims to study companies’ strategic responses to regulative institutional pressures on sustainability reporting. Particularly, it investigates the role of multiple stakeholder demands in shaping corporate responses to Law 11/2018 that transposes the EU Non-Financial Reporting Directive in Spain.

Design/methodology/approach

Informed by Oliver’s framework, the study analyzes the 2018 non-financial information of Spanish listed companies mandated to report under Law 11/2018 to explore the relationship between adopting a particular strategic response and companies’ stakeholder configuration.

Findings

Companies facing multiple stakeholder pressures tend to use a compromise strategy favoring the disclosure of relevant topics to a specific stakeholder type. Specifically, environmentalists are the most influential stakeholder in determining the coverage of sustainability topics to the detriment of other stakeholders when companies suffer from regulatory pressures.

Research limitations/implications

The study contributes to disentangling the factors determining how companies respond to sustainability reporting regulation. Future research could perform longitudinal and large multinational analyses to study the evolutionary process of corporate responses.

Practical implications

The study is relevant to managers and policymakers as it highlights that sustainability reporting regulation should promote the coverage of relevant topics to less influential stakeholders.

Social implications

The study explores the extent to which current sustainability reporting regulation can increase transparency on sustainability issues for all stakeholders.

Originality/value

In contrast to previous literature exploring the extent to which firms comply with regulation, the study considers that companies can respond more actively to mandatory sustainability reporting requirements.

Details

Sustainability Accounting, Management and Policy Journal, vol. 13 no. 3
Type: Research Article
ISSN: 2040-8021

Keywords

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