How a Two-Step Approach Discloses Different Determinants of Voluntary Social and Environmental Reporting

    Authors

    L. Bouten; P. Everaert;R. W. Roberts

    Comments

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    Abbreviated Journal Title

    J. Bus. Finan. Account.

    Keywords

    content analysis; corporate social responsibility; disclosure; estimation methods; Hurdle model; RESPONSIBILITY DISCLOSURE; ECONOMIC-PERFORMANCE; EMPIRICAL-ANALYSIS; CORPORATE; COMPANIES; FIRMS; LEGITIMACY; MODELS; MEDIA; Business, Finance

    Abstract

    Previous research on the determinants of voluntary social and environmental disclosure assumes that the determinants underlying the company's decision to disclose and the disclosure level are the same. This paper addresses the influence of this assumption on: (i) the operationalization of the dependent variables; (ii) the estimation method; and (iii) the subsequent empirical results, using both a sample of listed Belgian and US firms. Overall, the findings suggest that not distinguishing between the determinants underlying the decision to disclose and the disclosure level may be misleading.

    Journal Title

    Journal of Business Finance & Accounting

    Volume

    39

    Issue/Number

    5-6

    Publication Date

    1-1-2012

    Document Type

    Article

    Language

    English

    First Page

    567

    Last Page

    605

    WOS Identifier

    WOS:000305966300002

    ISSN

    0306-686X

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