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Political, social and economic determinants of corporate social disclosure by multi-national firms in environmentally sensitive industries

Toms, S., Hasseldine, J. and Massoud, H. (2007) Political, social and economic determinants of corporate social disclosure by multi-national firms in environmentally sensitive industries. Working Paper. The York Management School , York.

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Abstract

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.

Item Type: Monograph (Working Paper)
Academic Units: The University of York > The York Management School
Depositing User: Sherpa Assistant
Date Deposited: 18 Dec 2007 16:45
Last Modified: 17 Oct 2013 15:36
Status: Published
Publisher: The York Management School
Refereed: No
Related URLs:
URI: http://eprints.whiterose.ac.uk/id/eprint/3435

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