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.
|Title of host publication||The British Academy of Management|
|Subtitle of host publication||Corporate Social Responsibility Special Interest Group Conference|
|Publisher||White Rose Research Consortium|
|Number of pages||23|
|Publication status||Published - 16 Apr 2007|
|Event||The British Academy of Management: Corporate Social Responsibility Special Interest Group Conference - York, United Kingdom|
Duration: 16 Apr 2007 → 17 Apr 2007
|Conference||The British Academy of Management|
|Period||16/04/07 → 17/04/07|
Toms, S., Hasseldine, J., & Massoud, H. (2007). Political, Social and Economic Determinants of Corporate Social Disclosure by Multi-national Firms in Environmentally Sensitive Industries. In The British Academy of Management: Corporate Social Responsibility Special Interest Group Conference  White Rose Research Consortium .