Theoretical Perspectives on Corporate Social and Environmental Disclosure: Evidence From China
- 3 July 2014
- journal article
- research article
- Published by Taylor & Francis in Journal of Asia-Pacific Business
- Vol. 15 (3) , 260-281
Abstract
Using a data set of top 56 corporate social and environmental reporting (CSER) disclosing firms with 112 observations on the H-share and Red-chip lists of the Hong Kong Stock Exchange, results suggest that charitable donations, firm size, and the Songhua River incident response are positively related to the CSER disclosure, whereas debt–equity ratio, profit margin, and firm age revealed counterdirectional relationships. Other variables including media attention and market risk were found to have no impact. Findings imply that the Chinese government and its agencies need to prescribe CSER guidelines and make them mandatory for listed firms.Keywords
This publication has 28 references indexed in Scilit:
- Multinational corporations' corporate social and environmental disclosures (CSED) on web sitesInternational Journal of Commerce and Management, 2009
- Is There a Relationship between Firm Performance, Corporate Governance, and a Firm's Decision to Form a Technology Committee?Corporate Governance: An International Review, 2007
- Factors influencing the quality of corporate environmental disclosureBusiness Strategy and the Environment, 2006
- Improved Accountability Disclosures by Canadian Universities*Canadian Accounting Perspectives, 2003
- Firms' Disclosure Reactions to Major Social Incidents: Australian EvidenceAccounting Forum, 2000
- Determinants of corporate social responsibility disclosure: An application of stakeholder theoryAccounting, Organizations and Society, 1992
- Why Do Corporations Give to Charity?The Journal of Business, 1988
- Data in Search of a Theory: A Critical Examination of the Relationships among Social Performance, Social Disclosure, and Economic Performance of U. S. FirmsAcademy of Management Review, 1985
- Strategic Accounting Choice and the Effects of Alternative Financial Reporting RequirementsJournal of Accounting Research, 1985
- Theory of the firm: Managerial behavior, agency costs and ownership structureJournal of Financial Economics, 1976