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

Ibrahem Alshbili, Ahmed Elamer , Maha Moustafa

Research output: Contribution to journalArticle

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)(In-Press)
JournalCorporate Social Responsibility and Environmental Management
Volume(In-Press)
Publication statusAccepted/In press - 17 Nov 2020

Keywords

  • Social and environmental reporting
  • reporting barriers
  • sustainable development
  • institutional voids
  • oil and gas industry
  • environmental policy
  • Developing countries

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