TY - UNPB
T1 - Political, social and economic determinants of corporate social disclosure by multi-national firms in environmentally sensitive industries
AU - Toms, S.
AU - Hasseldine, J.
AU - Massoud, H.
PY - 2007
Y1 - 2007
N2 - Using examples from environmentally sensitive industries, the paper examines the
determinants of corporate social disclosure (CSD). The paper moves beyond the
traditional literature in two respects. First it is international in scope, examining the
accounting disclosure responses of multi-national companies to the pressures implied
by the nature and scope of their operations. Second, variables measuring political risk
and social development are developed so that these pressures can be measured,
thereby introducing new dimensions to the literature. In common with previous
studies, financial risk, size and other control variables are included. The relationships
are tested econometrically utilising regression techniques not previously applied in the
CSD literature but nonetheless more generally appropriate when using count
dependent variables. Results suggest that managers feel an unequal sense of
responsibility to different constituencies and their disclosure priorities are determined
by stock market accountability, lobbying power of their domestic audience and the
political risk of their activities rather than the impact of their activities in countries of
operation.
AB - Using examples from environmentally sensitive industries, the paper examines the
determinants of corporate social disclosure (CSD). The paper moves beyond the
traditional literature in two respects. First it is international in scope, examining the
accounting disclosure responses of multi-national companies to the pressures implied
by the nature and scope of their operations. Second, variables measuring political risk
and social development are developed so that these pressures can be measured,
thereby introducing new dimensions to the literature. In common with previous
studies, financial risk, size and other control variables are included. The relationships
are tested econometrically utilising regression techniques not previously applied in the
CSD literature but nonetheless more generally appropriate when using count
dependent variables. Results suggest that managers feel an unequal sense of
responsibility to different constituencies and their disclosure priorities are determined
by stock market accountability, lobbying power of their domestic audience and the
political risk of their activities rather than the impact of their activities in countries of
operation.
M3 - Working paper
BT - Political, social and economic determinants of corporate social disclosure by multi-national firms in environmentally sensitive industries
PB - The York Management School
CY - York
ER -