Political, Social and Economic Determinants of Corporate Social Disclosure by Multi-national Firms in Environmentally Sensitive Industries

Steven Toms, John Hasseldine, Hiba Massoud

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

Abstract

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.
Original languageEnglish
Title of host publicationThe British Academy of Management
Subtitle of host publicationCorporate Social Responsibility Special Interest Group Conference
PublisherWhite Rose Research Consortium
Number of pages23
Publication statusPublished - 16 Apr 2007
EventThe British Academy of Management: Corporate Social Responsibility Special Interest Group Conference - York, United Kingdom
Duration: 16 Apr 200717 Apr 2007

Conference

ConferenceThe British Academy of Management
CountryUnited Kingdom
CityYork
Period16/04/0717/04/07

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    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 [28] White Rose Research Consortium .