IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v26y2024i3d10.1007_s10668-023-02972-0.html
   My bibliography  Save this article

Impacts of stakeholder pressure on water disclosure within Asian mining companies

Author

Listed:
  • Aditya Pandu Wicaksono

    (Universitas Islam Indonesia
    Universitas Sebelas Maret)

  • Doddy Setiawan

    (Universitas Sebelas Maret
    Universitas Sebelas Maret)

Abstract

This study investigates the role of stakeholder pressure on water disclosure that is examined through the lens of managerial stakeholder theory. After reviewing the literature, we find that government, media, and international stakeholders have a higher potential to stimulate corporate water disclosure. The authors use a sample comprising 263 listed Asian mining companies from 23 countries over three years from 2017 to 2019. The authors show that these stakeholder pressures are significantly associated with water disclosure practices in Asian mining. This finding indicates that more stringent environmental regulations result in higher levels of water disclosure. Companies tend to disclose water information when corporate exposure is high, as it can attract public attention. Our findings reveal that international stakeholders are why firms create water disclosure to maintain a license to operate internationally. Although all hypotheses have been supported, further analysis shows that media exposure is insignificant in Central Asia. International stakeholders are not the drivers of water disclosure in East, West, and Central Asia.

Suggested Citation

  • Aditya Pandu Wicaksono & Doddy Setiawan, 2024. "Impacts of stakeholder pressure on water disclosure within Asian mining companies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(3), pages 6493-6515, March.
    • Handle: RePEc:spr:endesu:v:26:y:2024:i:3:d:10.1007_s10668-023-02972-0
    DOI: 10.1007/s10668-023-02972-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-023-02972-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10668-023-02972-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. James Hazelton, 2013. "Accounting as a human right: the case of water information," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 26(2), pages 267-311, February.
    2. Abdalrhman Alnabsha & Hussein A. Abdou & Collins G. Ntim & Ahmed A. Elamer, 2018. "Corporate boards, ownership structures and corporate disclosures," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 19(1), pages 20-41, February.
    3. Zhang, Linhan & Tang, Qingliang & Huang, Robin Hui, 2021. "Mind the Gap: Is Water Disclosure a Missing Component of Corporate Social Responsibility?," The British Accounting Review, Elsevier, vol. 53(1).
    4. Yelena Smirnova, 2012. "Perceptions of corporate social responsibility in Kazakhstan," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(3), pages 404-417, July.
    5. repec:eme:maj000:maj-11-2019-2463 is not listed on IDEAS
    6. James Hazelton, 2013. "Accounting as a human right: the case of water information," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 26(2), pages 267-311, February.
    7. Yelena Smirnova, 2012. "Perceptions of corporate social responsibility in Kazakhstan," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(3), pages 404-417, July.
    8. repec:eme:aaaj00:09513571311303738 is not listed on IDEAS
    9. Ohene-Asare, Kwaku & Turkson, Charles & Afful-Dadzie, Anthony, 2017. "Multinational operation, ownership and efficiency differences in the international oil industry," Energy Economics, Elsevier, vol. 68(C), pages 303-312.
    10. repec:eme:aaaj00:aaaj-12-2015-2367 is not listed on IDEAS
    11. Andrea Liesen & Andreas G. Hoepner & Dennis M. Patten & Frank Figge, 2015. "Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 28(7), pages 1047-1074, September.
    12. Fitra Roman Cahaya & Stacey Porter & Greg Tower & Alistair Brown, 2017. "Coercive pressures on occupational health and safety disclosures," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 7(3), pages 318-336, August.
    13. Afzalur Rashid & Syed Shams & Sudipta Bose & Habib Khan, 2020. "CEO power and corporate social responsibility (CSR) disclosure: does stakeholder influence matter?," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 35(9), pages 1279-1312, September.
    14. repec:eme:jaar00:jaar-01-2016-0001 is not listed on IDEAS
    15. Mark Anthony Camilleri, 2017. "Corporate Social Responsibility Policy in the United States of America," CSR, Sustainability, Ethics & Governance, in: Samuel O. Idowu & Stephen Vertigans & Adriana Schiopoiu Burlea (ed.), Corporate Social Responsibility in Times of Crisis, pages 129-143, Springer.
    16. Juniati Gunawan, 2015. "Corporate social disclosures in Indonesia: stakeholders’ influence and motivation," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 11(3), pages 535-552, August.
    17. Murya Habbash, 2016. "Corporate governance and corporate social responsibility disclosure: evidence from Saudi Arabia," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 12(4), pages 740-754, October.
    18. Won Oh & Young Chang & Aleksey Martynov, 2011. "The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea," Journal of Business Ethics, Springer, vol. 104(2), pages 283-297, December.
    19. Yousuf Kamal, 2021. "Stakeholders expectations for CSR-related corporate governance disclosure: evidence from a developing country," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 29(2), pages 97-127, January.
    20. Christ, Katherine L., 2014. "Water management accounting and the wine supply chain: Empirical evidence from Australia," The British Accounting Review, Elsevier, vol. 46(4), pages 379-396.
    21. Md Shahid Ullah & Mohammad Badrul Muttakin & Arifur Khan, 2019. "Corporate governance and corporate social responsibility disclosures in insurance companies," International Journal of Accounting & Information Management, Emerald Group Publishing Limited, vol. 27(2), pages 284-300, May.
    22. Roberts, Robin W., 1992. "Determinants of corporate social responsibility disclosure: An application of stakeholder theory," Accounting, Organizations and Society, Elsevier, vol. 17(6), pages 595-612, August.
    23. Sunee Ratanajongkol & Howard Davey & Mary Low, 2006. "Corporate social reporting in Thailand: The news is all good and increasing," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(1), pages 67-83, April.
    24. Rajasekhara Mouly Potluri & Yespayeva Batima & Kunev Madiyar, 2010. "Corporate social responsibility: a study of Kazakhstan corporate sector," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 6(1), pages 33-44, March.
    25. repec:eme:hppsss:h-02-2017-0022 is not listed on IDEAS
    26. Fitra Roman Cahaya & Stacey Porter & Greg Tower, 2016. "Coercive media pressures on Indonesian companies' labour communication," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 8(2), pages 95-117.
    27. Kahil, Mohamed Taher & Connor, Jeffery D. & Albiac, Jose, 2015. "Efficient water management policies for irrigation adaptation to climate change in Southern Europe," Ecological Economics, Elsevier, vol. 120(C), pages 226-233.
    28. Tiyas Kurnia Sari & Fitra Roman Cahaya & Corina Joseph, 2021. "Coercive Pressures and Anti-corruption Reporting: The Case of ASEAN Countries," Journal of Business Ethics, Springer, vol. 171(3), pages 495-511, July.
    29. Silvia Gaia & Michael John Jones, 2017. "UK local councils reporting of biodiversity values: a stakeholder perspective," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 30(7), pages 1614-1638, September.
    30. repec:eme:maj000:02686901311304376 is not listed on IDEAS
    31. Andrea Liesen & Andreas G. Hoepner & Dennis M. Patten & Frank Figge, 2015. "Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 28(7), pages 1047-1074, September.
    32. Schornagel, Joost & Niele, Frank & Worrell, Ernst & Böggemann, Maike, 2012. "Water accounting for (agro)industrial operations and its application to energy pathways," Resources, Conservation & Recycling, Elsevier, vol. 61(C), pages 1-15.
    33. Murya Habbash, 2016. "Corporate governance and corporate social responsibility disclosure: evidence from Saudi Arabia," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 12(4), pages 740-754, October.
    34. Wen Qu & Philomena Leung & Barry Cooper, 2013. "A study of voluntary disclosure of listed Chinese firms – a stakeholder perspective," Managerial Auditing Journal, Emerald Group Publishing, vol. 28(3), pages 261-294, March.
    35. Khaleed Omair Alotaibi & Khaled Hussainey, 2016. "Determinants of CSR disclosure quantity and quality: Evidence from non-financial listed firms in Saudi Arabia," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 13(4), pages 364-393, November.
    36. repec:eme:aaaj00:aaaj-12-2013-1547 is not listed on IDEAS
    37. Habbash , Murya, 2016. "Corporate Governance And Corporate Social Responsibility Disclosure: Evidence From Saudi Arabia," Journal of Economic and Social Development, Clinical Journals Press, vol. 3(01), pages 01-17, March.
    38. repec:eme:mrn000:01409170910943129 is not listed on IDEAS
    39. Prno, Jason & Scott Slocombe, D., 2012. "Exploring the origins of ‘social license to operate’ in the mining sector: Perspectives from governance and sustainability theories," Resources Policy, Elsevier, vol. 37(3), pages 346-357.
    40. Wen Qu & Philomena Leung & Barry Cooper, 2013. "A study of voluntary disclosure of listed Chinese firms – a stakeholder perspective," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 28(3), pages 261-294, March.
    41. Carmelo Reverte, 2009. "Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms," Journal of Business Ethics, Springer, vol. 88(2), pages 351-366, August.
    42. Hui-Cheng Yu & Lopin Kuo & Beiling Ma, 2020. "The Drivers of Corporate Water Disclosure in Enhancing Information Transparency," Sustainability, MDPI, vol. 12(1), pages 1-14, January.
    43. Hong Yuh Ching & Fábio Gerab, 2017. "Sustainability reports in Brazil through the lens of signaling, legitimacy and stakeholder theories," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 13(1), pages 95-110, March.
    44. Xiao Huafang & Yuan Jianguo, 2007. "Ownership structure, board composition and corporate voluntary disclosure: Evidence from listed companies in China," Managerial Auditing Journal, Emerald Group Publishing, vol. 22(6), pages 604-619, July.
    45. Belen Fernandez-Feijoo & Silvia Romero & Silvia Ruiz, 2014. "Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI Framework," Journal of Business Ethics, Springer, vol. 122(1), pages 53-63, June.
    46. Rajasekhara Mouly Potluri & Yespayeva Batima & Kunev Madiyar, 2010. "Corporate social responsibility: a study of Kazakhstan corporate sector," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 6(1), pages 33-44, March.
    47. David Humphreys, 2018. "In search of a new China: mineral demand in South and Southeast Asia," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 103-112, May.
    48. John M Bryson, 2004. "What to do when Stakeholders matter," Public Management Review, Taylor & Francis Journals, vol. 6(1), pages 21-53, March.
    49. Juniati Gunawan, 2015. "Corporate social disclosures in Indonesia: stakeholders’ influence and motivation," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 11(3), pages 535-552, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Indah Fajarini Sri Wahyuningrum & Amin Chegenizadeh & Ain Hajawiyah & Sriningsih Sriningsih & Sri Utami & Mochamad Arief Budihardjo & Hamid Nikraz, 2023. "Determinants of Corporate Water Disclosure in Indonesia," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    2. Waris Ali & Zeeshan Mahmood & Jeffrey Wilson & Hina Ismail, 2024. "The impact of sustainability governance attributes on comprehensive CSR reporting: A developing country setting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1802-1817, May.
    3. Paul Arkoh & Antonio Costantini & Francesco Scarpa, 2024. "Determinants of sustainability reporting: A systematic literature review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1578-1597, May.
    4. Ameen Qasem & Shaker Dahan AL-Duais & Wan Nordin Wan-Hussin & Hasan Mohamad Bamahros & Abdulsalam Alquhaif & Murad Thomran, 2022. "Institutional Ownership Types and ESG Reporting: The Case of Saudi Listed Firms," Sustainability, MDPI, vol. 14(18), pages 1-23, September.
    5. Sally Mohammed Farghaly Abdelaliem & Khalid M. Alharbi & Nadiah A. Baghdadi & Amer Malki, 2023. "Exploring the Impact of Private Companies’ Participation in Health-Related Programs through Corporate Sustainable Reporting," Sustainability, MDPI, vol. 15(7), pages 1-16, March.
    6. Laila Maswadi & Azlan Amran, 2023. "Does board capital enhance corporate social responsibility disclosure quality? The role of CEO power," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 209-225, January.
    7. Waris Ali & Jedrzej George Frynas, 2018. "The Role of Normative CSR‐Promoting Institutions in Stimulating CSR Disclosures in Developing Countries," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 373-390, July.
    8. Faisal Faisal & Erika Dwi Andiningtyas & Tarmizi Achmad & Haryanto Haryanto & Wahyu Meiranto, 2018. "The content and determinants of greenhouse gas emission disclosure: Evidence from Indonesian companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1397-1406, November.
    9. Hanen Ben Fatma & Jamel Chouaibi, 2021. "Corporate governance and CSR disclosure: evidence from European financial institutions," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(4), pages 346-361, December.
    10. Nahg Abdul Majid Alawi & Azhar Abdul Rahman & Azlan Amran & Mehran Nejati, 2016. "Does family group affiliation matter in CSR reporting? Evidence from Yemen," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 6(1), pages 12-30.
    11. Filippo Vitolla & Nicola Raimo & Michele Rubino & Antonello Garzoni, 2019. "How pressure from stakeholders affects integrated reporting quality," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1591-1606, November.
    12. Liu, Chengyun & Su, Kun & Zhang, Miaomiao, 2021. "Water disclosure and financial reporting quality for social changes: Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    13. Philipp Borgstedt & Ann-Marie Nienaber & Bernd Liesenkötter & Gerhard Schewe, 2019. "Legitimacy Strategies in Corporate Environmental Reporting: A Longitudinal Analysis of German DAX Companies’ Disclosed Objectives," Journal of Business Ethics, Springer, vol. 158(1), pages 177-200, August.
    14. Dong Ding & Bin Liu & Millicent Chang, 2023. "Carbon Emissions and TCFD Aligned Climate-Related Information Disclosures," Journal of Business Ethics, Springer, vol. 182(4), pages 967-1001, February.
    15. Shantanu Dutta & Supriya Katti & B. V. Phani & Pengcheng Zhu, 2022. "Corporate social responsibility spending as a building block for sustainable corporate ethical identity: Lessons from Indian business groups," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 696-717, April.
    16. Abdalla Shwairef & Azlan Amran & Mohammad Iranmanesh & Noor Hazlina Ahmad, 2021. "The mediating effect of strategic posture on corporate governance and environmental reporting," Review of Managerial Science, Springer, vol. 15(2), pages 349-378, February.
    17. Asuman Erben Yavuz & Bade Ekim Kocaman & Mesut Doğan & Adalet Hazar & Şenol Babuşcu & Raikhan Sutbayeva, 2024. "The Impact of Corporate Governance on Sustainability Disclosures: A Comparison from the Perspective of Financial and Non-Financial Firms," Sustainability, MDPI, vol. 16(19), pages 1-21, September.
    18. Vaz Ogando, Natalia & Ruiz Blanco, Silvia & Fernandez-Feijoo Souto, Belen, 2018. "El mercado de verificación de las memorias de sostenibilidad en España: un análisis desde la perspectiva de la demanda," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 21(1), pages 48-62.
    19. Hend Alregab, 2022. "The Role of Environmental, Social, and Governance Performance on Attracting Foreign Ownership: Evidence from Saudi Arabia," Sustainability, MDPI, vol. 14(23), pages 1-15, November.
    20. Cabeza-García, Laura & Sacristán-Navarro, María & Gómez-Ansón, Silvia, 2017. "Family involvement and corporate social responsibility disclosure," Journal of Family Business Strategy, Elsevier, vol. 8(2), pages 109-122.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:26:y:2024:i:3:d:10.1007_s10668-023-02972-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.