Mandatory Non-financial Disclosure and Its Influence on CSR: An International Comparison
| Autor: | Gregory Jackson, Julia Bartosch, Daniel Kinderman, Emma Avetisyan, Jette Steen Knudsen |
|---|---|
| Přispěvatelé: | Audencia Business School |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
Best practice Accounting 0603 philosophy ethics and religion corporate social irresponsibility External pressure [SHS]Humanities and Social Sciences Arts and Humanities (miscellaneous) Government regulation 0502 economics and business mandatory non-financial disclosure Business and International Management Corporate social responsibility Quality of Life Research business.industry 05 social sciences 06 humanities and the arts Oecd countries General Business Management and Accounting private governance 060301 applied ethics Business ethics business Law 050203 business & management Corporate social irresponsibility |
| Zdroj: | Journal of Business Ethics Journal of Business Ethics, Springer Verlag, 2020, 162 (2), pp.323-342. ⟨10.1007/s10551-019-04200-0⟩ Journal of Business Ethics, 163, 323-342 |
| ISSN: | 0167-4544 1573-0697 |
| DOI: | 10.1007/s10551-019-04200-0⟩ |
| Popis: | International audience; The article examines the effects of non-financial disclosure (NFD) on corporate social responsibility (CSR). We conceptualise trade-offs between two ideal types (government regulation and business self-regulation) in relation to CSR. Whereas self-regulation is associated with greater flexibility for businesses to develop best practices, it can also lead to complacency if firms feel no external pressure to engage with CSR. In contrast, government regulation is associated with greater stringency around minimum standards, but can also result in rigidity owing to a 'one size fits all' approach. Given these potential trade-offs, we ask how mandatory non-financial disclosure has been shaping CSR practices and examine its potential effectiveness as a regulatory instrument. Our analysis of 24 OECD countries using the Asset4 database shows that firms in countries that require non-financial disclosure adopt significantly more CSR activities. However, we also find that NFD regulation does not lead to lower levels of corporate irresponsibility. Furthermore, our analysis demonstrates that, over time, the variation in CSR activities declines as firms adopt increasingly similar practices. Our study thereby contributes to understanding the impact of government regulation on CSR at firm level. We also discuss the limits of mandatory NFD in addressing regulatory trade-offs between stringency and flexibility in the field of corporate social responsibility. |
| Databáze: | OpenAIRE |
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