Social and environmental reporting, sustainable development and institutional voids: Evidence from a developing country

Ibrahem Alshbili, Ahmed Elamer , Maha Moustafa

    Research output: Contribution to journalArticlepeer-review

    26 Citations (Scopus)
    59 Downloads (Pure)

    Abstract

    This study adopts the concept of institutional voids to examine the perceptions of managers and policymakers in developing markets with respect to the actual barriers that hinder social and environmental reporting (SER) towards sustainable development. The study uses in-depth semi-structured interviews with managers and decision-makers and policymakers of the main oil and gas companies in weak institutional settings (Libya). The findings suggest that the absence of environment general authority’s role, the absence of a clear legal requirement that refers to SER, the shortage of knowledge and awareness, the lack of motivation from the government, fear of change, and the absence of civil society organisations are perceived as the major barriers that hinder the development of SER. These findings contribute to the literature on institutional voids and sustainable development by providing evidence on SER barriers in the context of a developing country. Therefore, it could be useful to corporate regulators and policymakers to mitigate institutional voids to develop a more focussed SER agenda, when considering regulations for the disclosure and sustainable development.
    Original languageEnglish
    Pages (from-to)881-895
    Number of pages15
    JournalCorporate Social Responsibility and Environmental Management
    Volume28
    Issue number2
    Early online date1 Dec 2020
    DOIs
    Publication statusPublished - 1 Mar 2021

    Bibliographical note

    This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes.

    Keywords

    • developing countries
    • environmental policy
    • institutional voids
    • oil and gas industry
    • reporting barriers
    • social and environmental reporting
    • sustainable development

    ASJC Scopus subject areas

    • Development
    • Strategy and Management
    • Management, Monitoring, Policy and Law

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