Legitimising Corporate Sustainability Reporting Throughout the World

FAISAL, Faisal (2012) Legitimising Corporate Sustainability Reporting Throughout the World. Australasian Accounting Business and Finance Journal, 6 (2). ISSN 1834-2019

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Abstract

This paper explores corporate sustainability disclosure practices in a global context. A unique sample of 2009 sustainability reports from some of the world’s largest companies in 24 diverse countries are examined using a comprehensive disclosure index. These reports are analysed to better understand how company characteristics and institutional factors explain sustainability communication using a legitimacy theory framework. The world renowned Global Reporting Initiative 2006 guidelines are used as the benchmark disclosure index checklist. The empirical results indicate that the average level of sustainability disclosure is a surprisingly high 61.9 percent. Statistical analysis indicates that high profile industries and additional assurance procedures influence the disclosure of more sustainability information. Interestingly, companies operating in emerging country systems disclose more sustainability information than Anglo-Saxon or Communitarian jurisdictions. Consistent with legitimacy theory, these results suggest that these globally well known firms use sustainability disclosure as a legitimising tool.

Item Type:Article
Additional Information:Sustainability disclosure, Global Reporting Initiative, international business systems
Uncontrolled Keywords:Sustainability disclosure, Global Reporting Initiative, international business systems
Subjects:H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:Faculty of Economics and Business > Department of Accounting
ID Code:74003
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:11 Jul 2019 14:43
Last Modified:11 Jul 2019 14:43

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