Political, social and economic determinants of corporate social disclosure by multi-national firms in environmentally sensitive industries
Using examples from environmentally sensitive industries, the paper examines the determinants of corporate social disclosure (CSD). The paper moves beyond the traditional literature in two respects. First it is international in scope, examining the accounting disclosure responses of multi-national companies to the pressures implied by the nature and scope of their operations. Second, variables measuring political risk and social development are developed so that these pressures can be measured, thereby introducing new dimensions to the literature. In common with previous studies, financial risk, size and other control variables are included. The relationships are tested econometrically utilising regression techniques not previously applied in the CSD literature but nonetheless more generally appropriate when using count dependent variables. Results suggest that managers feel an unequal sense of responsibility to different constituencies and their disclosure priorities are determined by stock market accountability, lobbying power of their domestic audience and the political risk of their activities rather than the impact of their activities in countries of operation.
|Date of creation:||Apr 2007|
|Contact details of provider:|| Postal: Sally Baldwin Buildings, Block A, Heslington, York, YO10 5DD|
Fax: +44 1904 434163
Web page: http://www.york.ac.uk/management/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wrc:ymswp1:28. 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: (White Rose Research Online)or (The York Management School)
If references are entirely missing, you can add them using this form.