Title

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

Authors

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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