IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Stakeholder Reporting: The Spanish Tobacco Monopoly (1887-1986)

  • Macario Camara
  • Eva Chamorro
  • Alonso Moreno
Registered author(s):

    Stakeholder theory explains organizational responses to changing demands from constituents. Almost all accounting research drawing on stakeholder theory addresses social responsibility issues. In contrast, we examine how our focal firm, the Spanish tobacco monopoly, responded to stakeholders' demands through its annual reports over the century 1887-1986, that is, from the privatization of the firm's administration to the loss of monopolistic conditions as a consequence of Spain's entry into the European Economic Community. Our findings reveal how these reports reflected the changing importance of different categories of stakeholders as well as the alignment of financial reporting with organisational responses to stakeholders' demands. Throughout this period the firm's major strategic stakeholder was the state, and the dramatic changes in Spanish forms of government, as well as a change in the state's status vis-a-vis the firm (until 1945 as lessor of the monopoly, and thereafter also as a major shareholder) affected the amount and type of financial information in these reports; however, the strategy remained generally proactive until 1945 and accommodative thereafter. The other strategic stakeholder was the workers, and equally dramatic changes in Spanish labour activism affected the reporting of worker welfare programmes. After Spain's democratization, society in general became a more important stakeholder, and reports began to address tobacco-related health concerns.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal European Accounting Review.

    Volume (Year): 18 (2009)
    Issue (Month): 4 ()
    Pages: 697-717

    in new window

    Handle: RePEc:taf:euract:v:18:y:2009:i:4:p:697-717
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:euract:v:18:y:2009:i:4:p:697-717. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.