nach oben

Review of Managerial Science

Erschienen in:

27.05.2016 | Original Paper

Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises

verfasst von: Raquel Garde Sánchez, Manuel Pedro Rodríguez Bolívar, Antonio M. López Hernández

Erschienen in: Review of Managerial Science | Ausgabe 3/2017

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The public administration sector, including state owned enterprises (SOEs), has developed various types of information disclosure practice, in response to stakeholders’ demands, in parallel with developments in the private sector. This paper analyses the corporate social responsibility (CSR) information disclosed by SOEs and the influence exerted by the characteristics of the SOEs themselves (size, industry sector, degree of government ownership and number of years in operation) and by those of their managers (age, gender, CSR education profile and CSR responsibilities in the workplace). To do so, an index of CSR information disclosure was created, based on the responses made to a questionnaire in this respect. An empirical regression model was then applied to test and categorise the factors analysed. According to the results obtained, the size and sector of the SOE, together with the manager’s CSR responsibilities, are the factors that most significantly affect the online disclosure of CSR information.

Vorheriger Artikel Understanding the links among innovation performance, market performance and financial performance

Nächster Artikel Is a powerful rival a right partner?

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Adams C, Hill WY, Roberts C (1998) Corporate social reporting practices in Western Europe: legitimating corporate behaviour? Br Account Rev 30(1):1–21CrossRef

Adrem AH (1999) Essays on disclosure practices in Sweden—causes and effects. Lund University Press, Lund

Agle BR, Michell RK, Sonnenfeld JA (1999) Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values. Acad Manag J 42(5):507–525CrossRef

Al-Khater K, Naser K (2003) Users’ perceptions of corporate social responsibility and accountability: evidence from an emerging economy. Manag Audit J 18:538–548CrossRef

Archel P (2003) La divulgación de la información social y medioambiental de la gran empresa española en el período 1994–1998: situación actual y perspectivas. Revista Esp Financ Contab 117:571–601

Atakan MGS, Burnaz S, Topcu YI (2008) An empirical investigation of the ethical perceptions of future managers with a special emphasis on gender—Turkish case. J Bus Ethics 82:573–586CrossRef

Azizul Islam M, Deegan C (2010) Media pressures and corporate disclosure of social responsibility performance information: a study of two global clothing and sports retail companies. Account Bus Res 40(2):131–148CrossRef

Bastida FJ, Benito B (2007) Central government budget practices and transparency: an international comparison. Public Adm 85(3):667–716CrossRef

Bayoud NS, Kavanagh M, Slaughter G (2012) Factors influencing levels of corporate social responsibility disclosure by Libyan firms: a mixed study. Int J Econ Finance 4(4):13–29CrossRef

Belal AR (2001) A study of corporate social disclosures in Bangladesh. Manag Audit J 16:274–289CrossRef

Belal AR, Owen DL (2007) The views of corporate managers on the current state of, and future prospects for, social reporting in Bangladesh: an engagement-based study. Account Audit Account J 20:472–494CrossRef

Bernardi RA, Threadgill VH (2010) Women directors and corporate social responsibility. Electron J Bus Ethics Organ Stud 15(2):15–21

Borkowski SC, Ugras YJ (1992) The ethical attitudes of students as a function of age, sex and experience. J Bus Ethics 11:961–979CrossRef

Bowen HR (1953) Social responsibilities of the business man. Harper & Row, New York

Brammer S, Pavelin S (2008) Factors influencing the quality of corporate environmental disclosure. Bus Strategy Environ 17(2):120–136CrossRef

Brampton R, Maclagan P (2005) Why teach ethics to accounting students? a response to the sceptics. Bus Ethics A Eur Rev 14(3):290–300CrossRef

Branco MC, Rodrigues LL (2006) Corporate social responsibility and resource based perspectives. J Bus Ethics 69(2):111–132CrossRef

Brønn PS, Vrioni AB (2001) Corporate social responsibility and cause related marketing: an overview. Int J Advert 20:207–222CrossRef

Brown N, Deegan C (1999) The public disclosure of environmental performance information—a dual test of media agenda setting theory and legitimacy theory. Account Bus Res 29(1):21–41CrossRef

Brunton M, Eweje G (2010) The influence of culture on ethical perception held by business students in a New Zealand University. Bus Ethics A Eur Rev 19(4):349–362CrossRef

Caba C, López A, Rodríguez MP (2005) Citizens’ access to on-line governmental financial information: practices in the European Union countries. Gov Inf Q 22(2):258–276CrossRef

Cacioppe R, Forster N, Fox M (2008) A survey of managers’ perceptions of corporate ethics and social responsibility and actions that may affect companies’ success. J Bus Ethics 82(3):681–700CrossRef

Campbell D (2003) Intra- and intersectoral effects in environmental disclosures: evidence for legitimacy theory? Bus Strategy Environ 12(6):357–371CrossRef

Castelo BM, Lima RL (2008) Factors influencing social responsibility disclosure by Portuguese companies. J Bus Ethics 83(4):685–701CrossRef

Cho CH, Patten DM (2007) The role of environmental disclosures as tools of legitimacy: a research note. Acc Organ Soc 32(7/8):639–647CrossRef

Cooke TE (1989) Voluntary corporate disclosure by Swedish companies. J Int Financ Manag Account 1(2):171–195CrossRef

Córdoba Pachón JR, Garde Sánchez R, Rodríguez Bolívar MP (2014) A systemic view of corporate social responsibility (CSR) in state-owned enterprises (SOEs). Knowl Process Manag 21(3):206–219CrossRef

Cormier D, Magnan M, Van Velthoven B (2005) Environmental disclosure quality in large German companies: economic incentives, public pressures or institutional conditions? Eur Account Rev 14(1):3–39CrossRef

Cramer J, Heijden A, Jonker J (2006) Corporate social responsibility: making sense through thinking and acting. Bus Ethics 15(4):380–389CrossRef

Cunningham M (2011) State-owned enterprises: pursuing responsibility in corporate social responsibility. Manag Commun Q 25(4):718–724CrossRef

Da Silva Monteiro SM, Aibar Guzmán B (2010) Determinants of environmental disclosure in the annual reports of large companies operating in Portugal. Corp Soc Responsib Environ Manag 17:185–204CrossRef

Damanpour F, Schneider M (2006) Phases of the adoption of innovation in organizations: effects of environment, organization, and top managers. Br J Manag 17:215–236CrossRef

Damanpour F, Schneider M (2009) Characteristics of innovation and innovation adoption in public organizations: assessing the role of managers. J Public Adm Res Theor 19(3):495–522CrossRef

Dawkins J, Lewis S (2003) CSR in stakeholder expectations and implication for company strategy. J Bus Ethics 44:185–193CrossRef

De Villiers C, Van Staden C (2010) Shareholders’ requirements for corporate environmental disclosures: a cross country comparison. Br Account Rev 42(4):227–240CrossRef

De Villiers C, Van Staden C (2011) Where firms choose to disclose voluntary environmental information. J Account Public Policy 30(6):504–525CrossRef

De Villiers C, Naiker V, Van Staden C (2011) The effect of board characteristics on firm environmental performance. J Manag 37(6):1636–1663

Deegan C, Rankin M (1996) Do Australian companies report environmental news objectively? An analysis of environmental disclosures by firms prosecuted successfully by the Environmental Protection Authority. Account Auditing Account J 9(2):50–67CrossRef

Deegan C, Rankin M, Tobin J (2002) An examination of the corporate social and environmental disclosures of BHP from 1983–1997: a test of legitimacy theory. Account Auditing Account J 15(3):312–343CrossRef

Deegan C (2002) The legitimising effect of social and environmental disclosures—a theoretical foundation. Account Audit Account J 15(3):282–311CrossRef

Deegan C, Gordon B (1996) A study of the environmental disclosure practices of Australian corporations. Account Bus Res 26(3):187–199CrossRef

Deephouse DL, Carter SM (2005) An examination of differences between organizational legitimacy and organizational reputation. J Manage Stud 42(2):329–360CrossRef

Dentchev N (2005) Corporate social performance: as business strategy. J Bus Ethics 55(4):395–410CrossRef

Doh JP, Guay TR (2006) Corporate social responsibility, public policy, and NGO activism in Europe and the United States: an institutional-stakeholder perspective. J Manag Stud 43(1):47–73CrossRef

Donaldson T, Preston LE (1995) The stakeholder theory of the corporation: concepts, evidence, and implications. Acad Manag Rev 20(1):65

Eng LL, Mak YT (2003) Corporate governance and voluntary disclosure. J Account Public Policy 22:325–345CrossRef

Erickson HS (1968) Identity: youth and crises. Norton, New York

Freedman M, Jaggi B (1988) An analysis of the association between pollution disclosure and economic performance. Account Audit Account J 1:43–58CrossRef

Gallego R, Barzelay M (2010) Public management policymaking in Spain: the politics of legislative reform of administrative structure, 1991–1997. Governance 23(2):277–296CrossRef

Gallego I, Rodríguez L, García IM (2011) Information disclosed online by Spanish universities: content and explanatory factors. Online Inf Rev 35(3):360–385CrossRef

Garde Sánchez R, Rodríguez Bolívar MP, López-Hernández AM (2013a) Online disclosure of university social responsibility: a comparative study of public and private US universities. Environ Educ Res 19(6):709–746CrossRef

Garde Sánchez R, Rodríguez Bolívar MP, López-Hernández AM (2013b) Divulgación online de información de responsabilidad social en las universidades españolas. Rev Educ, Special issue

Ghazali NM (2007) Ownership structure and corporate social responsibility disclosure: some Malaysian evidence. Corp Gov Int J Bus Soc 7(3):251–266CrossRef

Gill S (2010) Is gender inclusivity an answer to ethical issues in business? an Indian stance. Gend Manag Int J 25(1):37–63CrossRef

Global Reporting Initiative (GRI) 2000, 2002 and 2006. Sustainability reporting guidelines

Global Reporting Initiative (GRI) (2005) Sector supplement for public agencies. Global reporting initiative, Amsterdam. http://www.globalreporting.org/ReportingFramework/SectorSupplements/

Gray R, Kouhy R, Lavers S (1995) Corporate social and environmental reporting: a review of the literature and a longitudinal study of UK disclosure. Account Audit Account J 8(2):47–77CrossRef

Gray RH, Owen D, Adams C (1996) Accounting and Accountability. Prentice Hall, Hemel Hempstead

Guthrie J, Parker L (1989) Corporate social reporting: a rebuttal of legitimacy theory. Account Bus Rev 19(3):343–352CrossRef

Hackston D, Milne MJ (1996) Some determinants of social and environmental disclosures in New Zealand companies. Account Audit Account J 9(1):77–108CrossRef

Haniffa RM, Cooke TF (2002) Culture, corporate governance and disclosure in Malaysian corporations. Abacus 38(3):317–349CrossRef

Haniffa RM, Cooke TE (2005) The impact of culture and governance on corporate social reporting. J Account Public Policy 24(5):391–430CrossRef

Harris LC, Crane A (2002) The greening of organizational culture: management views on the depth, degree and diffusion. J Organizational Change Manag 15(3):214–234CrossRef

Healy PM, Palepu KG (2001) Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature. J Account Econ 31:405–440CrossRef

Heath J, Norman W (2004) Stakeholder theory, corporate governance and public management: what can the history of state-run enterprises teach us in the post-Enron era? J Bus Ethics 53(3):247–265CrossRef

Herrmann P, Datta D (2005) Relationships between top management team characteristics and international diversification: an empirical investigation. Br J Manag 16(1):69–78CrossRef

Hicklin A, Godwin E (2009) Agents of change: the role of public managers in public policy. Policy Stud J 37(1):13–20CrossRef

Holme R, Watts P (2000) Corporate social responsibility: making good business sense. World Business Council for Sustainable Development. www.wbcsd.ch/DocRoot/IunSPdIKvmYH5HjbN4XC/csr2000.pdf

Hooghiemstra R (2000) Corporate communication and impression management: new perspectives why companies engage in corporate social reporting. J Bus Eth 27(1/2):55–68CrossRef

Hooijberg R, DiTomaso N (1996) Leadership in and of demographically diverse organizations. Leadersh Quart 7:1–19CrossRef

Hossain M, Tan LM, Adams M (1994) Voluntary disclosure in an emerging capital market: some empirical evidence from companies listed on the Kuala Lumpur Stock Exchange. Int J Account 29:334–351

Huang CL, Kung FH (2010) Drivers of environmental disclosure and stakeholders expectation: evidence from Taiwan. J Bus Ethics 96(3):435–451CrossRef

Jenkins H, Yakovleva N (2006) Corporate social responsibility in the mining industry: exploring trends in social and environmental disclosure. J Clean Prod 14(3–4):271–284CrossRef

Jones K, Alabaster T, Walton J (1998) Virtual environments for environmental reporting. Green Manag Int 21:121–137

Kelly SW, Ferrel OC, Skinner SJ (1990) Ethical behavior among marketing researchers: an assessment of selected demographic characteristics. J Bus Ethics 9:681–688CrossRef

Khan MHUZ (2010) The effect of corporate governance elements on corporate social responsibility (CSR) reporting: empirical evidence from private commercial banks of Bangladesh. Int J Law Manag 52:82–109CrossRef

Khlif H, Hussainey K, Achek I (2015) The effect of national culture on the association between profitability and corporate social and environmental disclosure: a meta-analysis. Medit Account Res 23(3):296–321CrossRef

Knox S, Maklan S, French P (2006) Corporate social responsibility: exploring stakeholder relationships and programme reporting across leading FTSE companies. J Bus Ethics 61(1):7–28CrossRef

Larrán M, Giner B (2002) The use of the Internet for corporate reporting by Spanish companies. Int J Digit Account Res 2(1):53–82

Lee S-H, Wong P-Kn, Chong C-L (2005) Human and social capital explanations for R&D outcome. IEEE Trans Eng Manage 52:59–68CrossRef

Loughland T, Reid A, Walker K, Petocz P (2003) Factors influencing young people’s conceptions of environment. Environ Educ Res 9:3–20CrossRef

Lozano R (2006) Incorporation and institutionalization of SD into universities: breaking through barriers to change. J Clean Prod 14(9–11):787–796CrossRef

Lungu CI, Caraiani C, Dascalu C, Guse R, Sahlian D (2009) Corporate social and environmental reporting: another dimension for accounting information. SSRN Electron J. doi:10.2139/ssrn.1447247

Maignan I, Ralston D (2002) Corporate Social Responsibility in Europe and the U.S.: insights from Businesses’ self-presentations. J International Bus Stud 33:497–514. doi:10.1007/s11846-016-0199-7 CrossRef

Mamic I (2005) Managing global supply chain: the sports footwear, apparel and retail sectors. J Bus Ethics 59(1/2):81–100CrossRef

Marz JW, Powers TL, Queisser T (2003) Corporate and individual influences on managers’ social orientation. J Bus Ethics 46:1–11CrossRef

Massa L, Farneti F, Scappini B (2015) Developing a sustainability report in a small to medium enterprise: process and consequences. Medit Account Res 23(1):62–91CrossRef

McWilliams A, Siegel D (2001) Corporate social responsibility: a theory of the firm perspective. Acad Manag Rev 26(1):117–127

Milne MJ (2002) Positive accounting theory, political costs and social disclosure analyses: a critical look. Crit Perspectives Account 13(3):369–395CrossRef

Moneva J, Llena F (2000) Environmental disclosures in the annual reports of large companies in Spain. Eur Account Rev 9(1):7–29CrossRef

Murias P, de Miguel JC, Rodríguez D (2008) A composite indicator for university quality assessment: the case of Spanish higher education system? Soc Indicator Res 89(1):129–146CrossRef

Neu D, Warsame H, Pedwell K (1998) Managing public impressions: environmental disclosures in annual reports. Acc Organ Soc 23(3):265–282CrossRef

Njite D, Hancer M, Slevitch L (2011) Exploring corporate social responsibility: a managers’ perspective on how and why small independent hotels engage with their communities. J Qual Assur Hosp Tour 12(3):177–201CrossRef

O’Dwyer B (2003) The ponderous evolution of corporate environmental reporting in Ireland. Recent evidence from publicly listed companies. Corporate Soc Responsib Environ Manag 10(2):91–100CrossRef

OECD (2005) Guidelines on corporate governance of state-owned enterprises. OECD, Paris, ISBN 92-64-00942-6–No. 83217

OECD (2011) The size and composition of the SOE sector in OECD countries, Corporate governance working papers, no 5, OECD, Paris. http://www.oecd.org/daf/corporateaffairs/wp

Oppenheim AN (1992) Questionnaire design, interviewing and attitude measurement. Pinter Publishers, London

Oyelere P, Laswad F, Fisher R (2003) Determinants of internet financial reporting by New Zealand companies. J Int Financ Manag Account 14(1):26–63CrossRef

Parsa S, Deng LX (2008) Capital markets’ reactions to social information announcements. Int J Account Finance 1:107–120CrossRef

Patten DM (1992) Intra-industry environmental disclosures in response to the Alaskan oil spill: a note on legitimacy theory. Account Organizations Soc 17(5):471–475CrossRef

Patten DM (2002) Media exposure, public policy pressure, and environmental disclosure: an examination of the impact of tri data availability. Account Forum 26(2):152–171CrossRef

Pedersen ER (2006) Perceptions of performance: how European organisations experience EMAS registration. Corp Soc Responsib Environ Manag 14(2):61–73CrossRef

Pedersen ER (2011) Making corporate social responsibility (CSR) operable: how companies translate stakeholder dialogue into practice. Bus Soc Rev 111(2):137–163CrossRef

Pedersen ER, Neergaard P (2009) What matters to managers? The whats, whys, and hows of corporate social responsibility in a multinational corporation. Manag Decis 47(8):1261–1280CrossRef

Peterson RT (2006) Small business manager attitudes relating to the significance of social responsibility issues: a longitudinal study. J Appl Manag Entrepreneurship 11(2):32–50

Post C, Rahman N, Rubow E (2011) Green governance: boards of directors’ composition and environmental corporate social responsibility. Bus Soc 50(1):189–223CrossRef

Quazi AM (2003) Identifying the determinants of corporate managers’ perceived social obligations. Manag Decis 41(9):822–831CrossRef

Reis C (2010) Sensemaking of managers’ ethical work orientations. Soc Responsib J 6(1):143–155CrossRef

Reverte C (2009) Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. J Bus Ethics 88(2):351–366CrossRef

Roberts RW (1992) Determinants of corporate social responsibility disclosure: an application of stakeholder theory. Acc Organ Soc 17:595–612CrossRef

Rodríguez Bolívar MP, Garde Sánchez R, López-Hernández AM (2013) Online disclosure of corporate social responsibility information in leading Anglo-American universities. J Environ Planning Policy Manage 15(4):551–575CrossRef

Rodríguez Bolívar MP, Garde Sánchez R, López-Hernández AM (2015) Managers as drivers of CSR in state owned enterprises. J Environ Plan Manage 58(5):777–801CrossRef

Roper J, Barker JR (2011) Forum introduction: state-owned enterprises, corporate social responsibility, and organizational communication. Manag Commun Q 25(4):690–692CrossRef

Safari Kahreh M, Babania A, Tive M, Mehdi Mirmehdi S (2014) An examination to effects of gender differences on the corporate social responsibility. Proced Soc Behav Sci 109:664–668CrossRef

Saleh M, Zulkifli N, Muhamad R (2010) Corporate social responsibility disclosure and its relation on institutional ownership: evidence from public listed companies in Malaysia. Manag Audit J 25(6):591–613CrossRef

Samkin G (2012) Changes in sustainability reporting by an African defence contractor: a longitudinal analysis. Medit Account Res 20(2):134–166CrossRef

Smith W, Wokutch R, Harrington K, Dennis B (2001) An examination of the influence of diversity and stakeholder role on corporate social orientation. Bus Soc 40(3):266–294CrossRef

Sobhani FA, Amran A, Zainuddin Y (2009) Revisiting the practices of corporate social and environmental disclosure in Bangladesh. Corp Soc Responsib Environ Manag 16(3):167–183CrossRef

Stets JE (1995) Role identities and person identities: gender identity, mastery identity, and controlling one’s partner. Sociol Perspect 38(2):129–150CrossRef

Suchman MC (1995) Managing legitimacy: strategic and institutional approaches. Acad Manag Rev 20(3):571–610

Tagesson T, Blank V, Broberg P, Collin SO (2009) What explains the extent and content of social and environmental disclosures on corporate websites: a study of social and environmental reporting in Swedish listed corporations. Corp Soc Responsib Environ Manag 16(6):352–364CrossRef

Tikka PM, Kuitunen MT, Tynys SM (2000) Effects of educational background on students’ activity levels, and knowledge concerning the environment. J Environ Educ 31:12–20CrossRef

Trevino LK, Nelson KA (2004) Managing business ethics: straight talk about how to do it right, 3rd edn. Wiley, New York

Valentine S, Fleischman G (2004) Ethics training and businesspersons’ perceptions of organizational ethics. J Bus Ethics 52:381–390CrossRef

Wang J, Song L, Yao S (2013) The determinants of corporate social responsibility disclosure: evidence from China. J Appl Bus Res 29(6):1833–1847CrossRef

Wartick SL, Cochran PL (1985) The evolution of the corporate social performance model. Acad Manag Rev 10(4):758–769

Wilmshurst TD, Frost GR (2000) Corporate environmental reporting. A test of legitimacy theory. Account Audit Account J 13(1):10–26CrossRef

Wolf J (2014) The relationship between sustainable supply chain management, stakeholder pressure and corporate sustainability performance. J Bus Ethics 119(3):317–328CrossRef

Woodward D, Edwards P, Birkin F (2001) Some evidence on executives’ views of corporate social responsibility. Br Account Rev 33(3):357–397CrossRef

Zeng SX, Xu XD, Yin HT, Tam CM (2012) Factors that drive Chinese listed companies in voluntary disclosure of environmental information. J Bus Ethics 109:309–321CrossRef

Titel: Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises
verfasst von: Raquel Garde Sánchez
Manuel Pedro Rodríguez Bolívar
Antonio M. López Hernández
Publikationsdatum: 27.05.2016
Verlag: Springer Berlin Heidelberg
Erschienen in: Review of Managerial Science / Ausgabe 3/2017
Print ISSN: 1863-6683
Elektronische ISSN: 1863-6691
DOI: https://doi.org/10.1007/s11846-016-0199-7

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 3/2017

Determinants of innovativeness in SMEs: disentangling core innovation and technology adoption capabilities

Assessing perceived value: moderating effects of susceptibility to brand prestige and susceptibility to normative influence

Hold or sell? How capital gains taxation affects holding decisions

Understanding the links among innovation performance, market performance and financial performance

Firm-bank trusting relationship and discouraged borrowers

Drivers of internationalization success: a conjoint choice experiment on German SME managers

Premium Partner