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

Ibrahem Alshbili, Ahmed Elamer , Maha Moustafa

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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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