Prácticas en la presentación de informes sobre RSC de las empresas de la Eurozona
CSR reporting practices of Eurozone companies
Resumen
Para la mayoría de las empresas más grandes del mundo, la presentación de información no-financiera en sus informes anuales parece ser una tendencia constante.La comunicación de las dimensiones sociales y mediaombientales de la empresa desempeňa un papel clave en el desarrollo sostenible de las organizaciones y, por lo tanto, debería ser investigado más profundamente.El objetivo de este estudio empírico es el de analizar el grado en que las empresas de la Eurozona informan sobre los indicadores de RSC recogidos en la “Integrated Scorecard Taxonomy” propuesta por la Asociación Española de Contabilidad y Administración de Empresas (AECA), y los factores que pueden influir en su utilización.Se realizó un análisis de contenido de los informes anuales sobre RSC encontrados en las páginas web de las 306 empresas de la Eurozona que figuran en el STOXX Europe 600.Los resultados revelan un uso intensivo de los indicadores de gobierno corporativo, un uso moderado de los indicadores medioambientales y un bajo uso de los indicadores sociales. Nuestro estudio también demuestra que el sector y la inclusión de la empresa en DJSI influyen el nivel de divulgación de los indicadores sostenibles.
Descargas
Citas
[Al-Tuwaijri et al., 2004] S.A. Al-Tuwaijri, T.E. Christensen, K.E. Hughes. The relations among environmental disclosure, environmental performance, and economic performance: A simultaneous equations approach. Accounting, Organizations and Society, 29 (2004), pp. 447-471
[Amran and Devi, 2008] A. Amran, S.S. Devi. The impact of government and foreign affiliate influence on corporate social reporting: The case of Malaysia. Managerial Auditing Journal, 23 (2008), pp. 386-404
[Antal and Sobczak, 2007] A.B. Antal, S. Sobczak. Corporate social responsibility in France: A mix of national traditions and international influences. Business and Society, 46 (2007), pp. 9-32
[Archel et al., 2009] P. Archel, J. Husillos, C. Larrinaga, C. Spence. Social disclosure, legitimacy theory and the role of the state. Accounting, Auditing & Accountability Journal, 22 (2009), pp. 1284-1307 http://dx.doi.org/10.1016/j.surg.2015.01.002
[Arvidsson, 2010] S. Arvidsson. Communication of corporate social responsibility: A study of the views of management teams in large companies. Journal of Business Ethics, 96 (2010), pp. 339-354
[Azim et al., 2009] M.I. Azim, S. Ahmed, M. Islam. Corporate social reporting practice: Evidence from listed companies in Bangladesh. Journal of Asia-Pacific Business, 10 (2009), pp. 130-145
[Ballou et al., 2006] B. Ballou, D. Heitger, Ch. Landes. The future of corporate sustainability reporting: A rapidly growing assurance opportunity. (2006) http://referensi.dosen.narotama.ac.id/files/2012/01/The-Future-of-Corporate-ustainability.pdf
[Bazley et al., 1985] M. Bazley, P. Brown, H.Y. Izan. An analysis of lease disclosures by Australian companies. Abacus, 21 (1985), pp. 44-63
[Brammer and Pavelin, 2008] S. Brammer, S. Pavelin. Factors influencing the quality of corporate environmental disclosure. Business Strategy and the Environment, 17 (2008), pp. 120-136
[Branco and Rodrigues, 2006] M. Branco, L.L. Rodrigues. Communication of corporate social responsibility by Portuguese banks: A legitimacy theory perspective. Corporate Communications: An International Journal, 11 (2006), pp. 232-248
[Branco and Rodrigues, 2008] M.C. Branco, L.L. Rodrigues. Factors influencing social responsibility disclosure by Portuguese companies. Journal of Business Ethics, 83 (2008), pp. 685-701
[Burke et al., 1986] L. Burke, J.M. Logsdon, W. Mitchell, M. Reiner, D. Vogel. Corporate community involvement in the San Francisco Bay area. California Management Review, 28 (1986), pp. 122-141
[Campbell, 2000] D.J. Campbell. Legitimacy theory or managerial reality construction? Corporate social disclosure in Marks and Spencer Plc annual corporate reports, 1969–1997. Accounting Forum, 24 (2000), pp. 80-100
[Carnevale et al., 2012] C. Carnevale, M. Mazzuca, S. Venturini. Corporate social reporting in European banks: The effects on a firms market value. Corporate Social Responsibility and Environmental Management, 19 (2012), pp. 159-177 http://dx.doi.org/10.1002/csr.262
[Carroll, 1991] A. Carroll. Corporate social responsibility evolution of a definitional construct. Business Society, 38 (1991), pp. 268-295 http://dx.doi.org/10.1177/000765039903800303
[Castelló and Lozano, 2009] I. Castelló, J. Lozano. From risk management to citizenship corporate social responsibility: Analysis of strategic drivers of change. Corporate Governance, 9 (2009), pp. 373-385
[Cho et al., 2012] C.H. Cho, R.P. Guidry, A.M. Hageman, D.M. Patten. Do actions speak louder than words? An empirical investigation of corporate environmental reputation. Accounting, Organizations and Society, 37 (2012), pp. 14-25 http://dx.doi.org/10.1016/j.aos.2011.12.001
[Cho and Patten, 2007] C.H. Cho, D.M. Patten. The role of environmental disclosures as tools of legitimacy: A research note. Accounting, Organizations and Society, 32 (2007), pp. 639-647
[Cho et al., 2010] C.H. Cho, R.W. Roberts, D.M. Patten. The language of US corporate environmental disclosure. Accounting, Organizations and Society, 35 (2010), pp. 431-443
[Clarkson et al., 2008] P.M. Clarkson, Y. Li, G.D. Richardson, F.P. Vasvari. Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33 (2008), pp. 303-327
[Cormier and Magnan, 2007] D. Cormier, M. Magnan. The revisited contribution of environmental reporting to investors’ valuation of a firms earnings: An international perspective. Ecological Economics, 32 (2007), pp. 613-626
[Cormier et al., 2005] D. Cormier, M. Magnan, B. Van Velthoven. Environmental disclosure quality in large German companies: Economic incentives, public pressures or institutional conditions. European Accounting Review, 14 (2005), pp. 111-122
[Crossland, 2007] C. Crossland. National institutions and managerial discretion: A taxonomy of 24 countries. (2007)
[Deegan and Samkin, 2006] C. Deegan, G. Samkin. New Zealand Financial Accounting. McGraw-Hill, (2006)
[Dando and Swift, 2003] N. Dando, T. Swift. Transparency and assurance: Minding the credibility gap. Journal of Business Ethics, 44 (2003), pp. 195-200
[Deegan, 2002] C. Deegan. The legitimizing effect of social and environmental disclosures—A theoretical foundation. Accounting, Auditing and Accountability Journal, 15 (2002), pp. 282-311
[Delbard, 2008] O. Delbard. CSR legislation in France and the European regulatory paradox: An analysis of EU CSR policy and sustainability reporting practice. Corporate Governance, 8 (2008), pp. 397-405
[Du et al., 2010] S. Du, C. Bhattacharya, S. Sen. Maximizing business returns to corporate social responsibilities: The role of CSR communication. International Journal of Management Reviews, 12 (2010), pp. 8-19
[Ferrero et al., 2013] J.M. Ferrero, I.M. Garcia-Sanchez, B. Cuadrado-Ballesteros. Effect of financial reporting quality on sustainability information disclosure. Corporate Social Responsibility and Environmental Management, (2013), http://dx.doi.org/10.1002/csr.1330
[Font et al., 2012] X. Font, A. Walmsley, S. Cogotti, L. McCombes, N. Häusler. Corporate social responsibility: The disclosure–performance gap. Tourism Management, 33 (2012), pp. 1544-1553
[Fowler and Hope, 2007] S.J. Fowler, C. Hope. A critical review of sustainable business indices and their impact. Journal of Business Ethics, 76 (2007), pp. 243-252
[Freeman, 1984] E. Freeman. Strategic management: A stakeholder approach. Pitman Publishing, (1984)
[Frynas, 2010] J.G. Frynas. Corporate social responsibility and societal governance: Lessons from transparency in the oil and gas sector. Journal of Business Ethics, 93 (2010), pp. 163-179
[Gallo and Christensen, 2011] P. Gallo, L. Christensen. Firm size matters: An empirical investigation of organizational size and ownership on sustainability-related behaviors. Business and Society, 50 (2011), pp. 315-349
[Graham et al., 2005] J.R. Graham, C.R. Harvey, S. Rajgopal. The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40 (2005), pp. 3-37
[Gray et al., 1995] R. Gray, R. Kouhy, S. Lavers. Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing and Accountability Journal, 8 (1995), pp. 47-77
[Graves and Waddock, 2000] S.B. Graves, S.A. Waddock. Beyond built to last…stakeholder relations in “built-to-last” companies. Business and Society Review, 105 (2000), pp. 393-418
[Haniffa and Cooke, 2005] R.M. Haniffa, T.E. Cooke. The impact of culture and governance on corporate social reporting. Journal of Accounting and Public Policy, 24 (2005), pp. 391-392
[Henderson, 2005] D. Henderson. The role of business in the world of today. Journal of Corporate Citizenship, 17 (2005), pp. 30-32
[Hoffman, 1999] A.J. Hoffman. Institutional evolution and change: Environmentalism and the US chemical industry. Academy of Management Journal, 42 (1999), pp. 351-371
[Holthausen and Watts, 2001] R.W. Holthausen, R. Watts. The relevance of the value-relevance literature for financial accounting standard setting. Journal of Accounting and Economics, 31 (2001), pp. 223-235
[Jensen, 2001] M.C. Jensen. Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance, 14 (2001), pp. 8-21
[KPMG, 2011] KPMG. The KPMG International Corporate Responsibility Reporting Survey. (2011) http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/corporate-responsibility/Documents/2011-survey.pdf
[Larran and Giner, 2002] M. Larran, B. Giner. The use of the Internet for corporate reporting by Spanish companies. International Journal of Digital Accounting Research, 2 (2002), pp. 53-82
[Levy et al., 2010] D.L. Levy, B.H. Szejnwald, M. de Jong. The contested politics of corporate governance the case of the global reporting initiative. Business and Society, 49 (2010), pp. 88-115
[Longo et al., 2005] M. Longo, M. Mura, A. Bonoli. Corporate social responsibility and corporate performance: The case of Italian SMEs. Corporate Governance, 5 (2005), pp. 28-42
[McWilliams et al., 2006] A. McWilliams, D.S. Siegel, P.M. Wright. Corporate social responsibility: Strategic implications. Journal of Management Studies, 43 (2006), pp. 1-18
[Mäkelä and Näsi, 2010] H. Mäkelä, S. Näsi. Social responsibilities of MNCs in downsizing operations: A Finnish forest sector case anlysis from the stakeholder, social contract and legitimacy theory point of view. Accounting, Auditing & Accountability Journal, 23 (2010), pp. 149-174 http://dx.doi.org/10.1016/j.surg.2015.01.002
[Margolis and Walsh, 2001] J.D. Margolis, J.P. Walsh. People and profits? The search for a link between a companys social and financial performance. Mahwah, NJ, (2001)
[Marimon et al., 2012] F. Marimon, M. Alonso-Almeida, M. Rodríguez. The worldwide diffusion of the global reporting initiative: What is the point?. Journal of Cleaner Production, 33 (2012), pp. 132-144
[Merkl-Davies and Brennan, 2007] D. Merkl-Davies, N. Brennan. Discretionary disclosure strategies in corporate narratives: Incremental information or impression management?. Journal of Accounting Literature, 26 (2007), pp. 116-196
[Moroney et al., 2011] R. Moroney, C. Windsor, Y.T. Aw. Evidence of assurance enhancing the quality of voluntary environmental disclosures: An empirical analysis. Accounting and Finance, (2011), http://dx.doi.org/10.1111/j.1467-629X.2011.00413.x
[Morsing and Schultz, 2006] M. Morsing, M. Schultz. Corporate Social Responsibility Communication: Stakeholder information, response and involvement strategies. Business Ethics: A European Review, 15 (2006), pp. 323-338
[Noronha et al., 2012] C. Noronha, S. Tou, M.I. Cynthia, J.J. Guan. Corporate social responsibility reporting in China: An overview and comparison with major trends. Corporate Social Responsibility and Environmental Management, (2012), http://dx.doi.org/10.1002/csr.1276
[Ogrizek, 2002] M. Ogrizek. The effect of corporate social responsibility on the branding of financial services. Journal of Financial Services Marketing, 6 (2002), pp. 215-228
[Ohlson, 1995] J. Ohlson. Earnings, book value, and dividends in security valuation. Contemporary Accounting Research, 2 (1995), pp. 661-687
[Orlitzky et al., 2003] M. Orlitzky, F. Schmidt, S. Rynes. Corporate social and financial performance: A meta-analysis. Organization Studies, 24 (2003), pp. 403-441
[Outtes-Wanderley et al., 2008] L. Outtes-Wanderley, L. Soares, R. Lucian, F. Farache, J. de Sousa Filho Milton. CSR information disclosure on the web: A context-based approach analyzing the influence of country of origin and industry sector. Journal of Business Ethics, 82 (2008), pp. 369-378
[Papasolomou-Doukakis et al., 2005] I. Papasolomou-Doukakis, M. Krambia-Kapardis, M. Katsioloudes. Corporate social responsibility: The way forward? Maybe Not!. European Business Review, 17 (2005), pp. 263-279
[Public debt, 2013] Public Debt. The World Factbook. United States Central Intelligence Agency, (2013) http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
[Ratanajongkol et al., 2006] S. Ratanajongkol, H. Davey, M. Low. Corporate social reporting in Thailand: The news is all good and increasing. Qualitative Research in Accounting and Management, 3 (2006), pp. 67-83
[Reverte, 2009] C. Reverte. Do better governed firms enjoy a lower cost of equity capital?.: Evidence from Spanish firms. Corporate Governance, 9 (2009), pp. 133-145
[Reverte, 2012] C. Reverte. The impact of better corporate social responsibility disclosure on the cost of equity capital. Corporate Social Responsibility and Environmental Management, 19 (2012), pp. 253-272 http://dx.doi.org/10.1002/csr.273
[Roberts, 1992] R.W. Roberts. Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17 (1992), pp. 595-612
[Roca and Searcy, 2012] L.C. Roca, C. Searcy. An analysis of indicators disclosed in corporate sustainability reports. Journal of Cleaner Production, 20 (2012), pp. 103-118
[Reynolds and Yuthas, 2008] M. Reynolds, K. Yuthas. Moral discourse and corporate social responsibility reporting. Journal of Business Ethics, 78 (2008), pp. 47-64
[Rowe, 2006] M. Rowe. Reputation relationships and risk: A CSR primer for ethics officers. Business and Society Review, 111 (2006), pp. 441-455
[Shadewitz and Niskala, 2010] H. Shadewitz, M. Niskala. Communication via responsibility reporting and its effect on firm value in Finland. Corporate Social Responsibility and Environmental Management, 17 (2010), pp. 96-106
[Sharma, 2002] S. Sharma. Research in corporate sustainability: What really matters?. Research in corporate sustainability: The evolving theory and practice of organizations in the natural environment, pp. 1-30
[Sierra et al., 2012] L. Sierra, A. Zorio, M.A. García-Benau. Sustainable development and assurance of corporate social responsibility reports published by Ibex-35 companies. Corporate Social Responsibility and Environmental Management, (2012), http://dx.doi.org/10.1002/csr.1303
[Simnett et al., 2009] R. Simnett, A. Vanstraelen, W.F. Chua. Assurance on sustainability reports: An international comparison. Accounting Review, 84 (2009), pp. 937-967
[Skoloudis and Evangelinos, 2009] A. Skoloudis, K.I. Evangelinos. Sustainability reporting in Greece: Are we there yet?. Environmental Quality Management, 19 (2009), pp. 43-59
[Snider et al., 2003] J. Snider, R.P. Hill, D. Martin. Corporate social responsibility in the 21st century: A view from the worlds most successful firms. Journal of Business Ethics, 48 (2003), pp. 175-187
[Suchman, 1995] M.C. Suchman. Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20 (1995), pp. 571-606
[Tagesson et al., 2009] T. Tagesson, V. Blank, P. Broberg, S.O. Collin. What explains the extent and content of social and environmental disclosures on corporate websites? A study of social and environmental reporting in Swedish listed corporations. Corporate Social Responsibility and Environmental Management, 16 (2009), pp. 352-364
[Tewari and Dave, 2012] R. Tewari, D. Dave. Corporate social responsibility: Communication through sustainability reports by Indian and multinational companies. Global Business Review, 13 (2012), pp. 393-405
[Tinker and Niemark, 1987] T. Tinker, M. Niemark. The role of annual reports in gender and class contradictions at general motors. Accounting, Organizations and Society, 12 (1987), pp. 71-88
[Trotman and Bradley, 1981] K.T. Trotman, G.W. Bradley. Associations between social responsibility disclosure and characteristics of companies. Accounting, Organizations and Society, 6 (1981), pp. 355-362
[Uhlaner et al., 2004] L. Uhlaner, A. van Goor-Balk, E. Masurel. Family business and corporate social responsibility in a sample of Dutch firms. Journal of Small Business and Enterprise Development, 11 (2004), pp. 186-194
[Ullmann, 1985] A. Ullmann. Data in search of a theory: A critical examination of the relationship among social performance, social disclosure & economic performance. Academy of Management Review, 10 (1985), pp. 450-477
[Utama, 2012] Utama. Company disclosure in Indonesia: Corporate governance practice, ownership structure, competition and total assets. Asian Journal of Business and Accounting, 5 (2012), pp. 75-108
[Van de Velde et al., 2005] E. Van de Velde, W. Vermeir, F. Corten. Finance and accounting: Corporate, social responsibility and financial performance. Corporate Governance, 5 (2005), pp. 129-138
[Van Staden and Hooks, 2007] C.J. van Staden, J. Hooks. A comprehensive comparison of corporate environmental reporting and responsiveness. British Accounting Review, 39 (2007), pp. 197-210
[Waddock, 2008] S. Waddock. Building a new institutional infrastructure for corporate responsibility. Academy of Management Perspectives, (2008), pp. 87-108
[Wagenhofer, 1990] A. Wagenhofer. The demand for disclosure and actual disclosure by firms. (1990)
[Wahba, 2008] H. Wahba. Does the market value corporate environmental responsibility? An empirical examination. Corporate Social Responsibility and Environmental Management, 15 (2008), pp. 89-99
[Weber et al., 2012] O. Weber, M. Diaz, R. Schwegler. Corporate social responsibility of the financial sector – Strengths, weaknesses and the impact on sustainable development. Sustainable Development, (2012), http://dx.doi.org/10.1002/sd.1543
[Welford, 2004] R. Welford. Corporate social responsibility in Europe North America and Asia. Journal of Corporate Citizenship, 17 (2004), pp. 33-52
[XBRL, 2013] XBRL. Financial Reporting Taxonomies – Acknowledged. (2013) http://xbrl.org/FRTAcknowledged
[Yongvanich and Guthrie, 2007] K. Yongvanich, J. Guthrie. Legitimation strategies in Australian mining extended performance reporting. Journal of Human Resource Costing & Accounting, 11 (2007), pp. 156-177 http://dx.doi.org/10.1186/s13071-015-0998-8
[Young and Marais, 2012] S. Young, M. Marais. A multi-level perspective of CSR reporting: The implications of national institutions and industry risk characteristics. Corporate Governance: An International Review, 20 (2012), pp. 432-450
Las obras que se publican en esta revista están sujetas a los siguientes términos:
1. Ediciones de la Universidad de Murcia (EDITUM) y ASEPUC conservan los derechos patrimoniales (copyright) de las obras publicadas, y favorece y permite la reutilización de las mismas bajo la licencia de uso indicada en el punto 2.
2. Las obras se publican en la edición electrónica de la revista bajo una licencia de Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional. Permite copiar, distribuir e incluir el artículo en un trabajo colectivo (por ejemplo, una antología), siempre y cuando no exista una finalidad comercial, no se altere ni modifique el artículo y se cite apropiadamente el trabajo original. Esta revista no tiene tarifa por la publicación Open Access. ASEPUC y EDITUM financian los costes de producción y publicación de los manuscritos.
3. Condiciones de auto-archivo. Se permite y se anima a los autores a difundir electrónicamente la versión publicada de sus obras, ya que favorece su circulación y difusión y con ello un posible aumento en su citación y alcance entre la comunidad académica.
