Monitoring Intensity and Stakeholders' Orientation::How Does Governance Affect Social and Environmental Disclosure?

Mallin, Christine, Michelon, Giovanna and Raggi, Davide (2012) Monitoring Intensity and Stakeholders' Orientation::How Does Governance Affect Social and Environmental Disclosure? Journal of Business Ethics, 114 (1). pp. 29-43. ISSN 0167-4544

Full text not available from this repository. (Request a copy)

Abstract

The aim of the paper is to investigate the effects of the corporate governance model on social and environmental disclosure (SED). We analyze the disclosures of the 100 U.S. Best Corporate Citizens in the period 2005–2007, and we posit a series of simultaneous relationships between different attributes of the governance system and a multidimensional construct of corporate social performance (CSP). We consider both the extent and the quality of SED, with the purpose of identifying increasing levels of corporate commitment to stakeholders and shedding some light on whether SED is used as a signal or rather as a legitimacy tool. Our empirical evidence shows that the stakeholders’ orientation of corporate governance is positively associated with CSP and SED. On the other hand, we do not find support for the monitoring intensity of corporate governance being negatively associated with social performance. We also find that CSP in the “product” dimension is positively associated with the extent and quality of SED whilst CSP in the “people” dimension is negatively associated with the extent and quality of SED. At a time when shareholders and stakeholders share more common aspects in their relationships with firms, this is a significant area to explore and this research fills an important lacuna in this respect.

Item Type: Article
Uncontrolled Keywords: corporate governance,corporate social responsibility,monitoring,social and environmental disclosure,structural equation modeling
Faculty \ School: Faculty of Social Sciences > Norwich Business School
University of East Anglia > Faculty of Social Sciences > Research Groups > Accounting, Finance and Governance
Related URLs:
Depositing User: Elle Green
Date Deposited: 07 Sep 2012 11:34
Last Modified: 25 Jul 2018 03:30
URI: https://ueaeprints.uea.ac.uk/id/eprint/39469
DOI: 10.1007/s10551-012-1324-4

Actions (login required)

View Item