You are here

Home » Content

Información de responsabilidad social corporativa y teoría institucional

Corporate social responsibility reporting and institutional theory

Journal Name:

  • Intangible Capital

Publication Year:

  • 2016
DOI: 
http://dx.doi.org/10.3926/ic.732

Key Words:

Keywords (Original Language):

Author NameUniversity of Author
Abstract (2. Language): 
Purpose: Research on disclosure of sustainability information has focused on the level of firms, and very few works analyze the differences between countries. The objective is to identify the factors that explain the differences in the provision of sustainability information at a macroeconomic level. Design/methodology: The sample includes 9,570 reports drawn up within the framework of the Global Reporting Initiative in 53 countries in the period 2007-2012. Information for each country has been standardized by a million inhabitants every year. Multiple regression models have been used to study the incidence of governance, culture and globalization. Findings: It has been detected that indicators of the World Bank’s governance, the proportion of seats for women in national parliaments and foreign direct investment explain significantly the provision of sustainability information in all analyzed countries. There are differences when the sample is broken down into developed and developing countries.Research limitations/implications: The use of macroeconomic variables that show strong correlations between each other prevents from including all the institutional factors that may affect the organizations’ behavior. Practical implications: Organizations are facing the coercive isomorphism, so their performance in the emission of corporate social responsibility information is explained mainly by the pressure of formal and informal institutions. Originality/value: Evidence of the importance of institutional factors in the emission of sustainable information is presented.
Bookmark/Search this post with
Abstract (Original Language): 
Objeto: La investigación sobre divulgación de información de sostenibilidad se ha centrado en el ámbito de la empresa, siendo escasos los trabajos que analizan las diferencias entre países. El objetivo es identificar los factores que explican las diferencias en el suministro de información de sostenibilidad a nivel macroeconómico. Diseño/metodología/enfoque: La muestra incluye 9,570 memorias elaboradas en el marco de la Global Reporting Initiative en 53 países en el periodo 2007-2012. La información para cada país se ha estandarizado por millón de habitantes en cada año. Se han utilizado modelos de regresión múltiple para estudiar la incidencia de la gobernabilidad, la cultura y la globalización. Aportaciones y resultados: Se detecta que los indicadores de gobernabilidad del Banco Mundial, la proporción de escaños de las mujeres en los parlamentos nacionales y la inversión extranjera directa explican de forma significativa el suministro de información de sostenibilidad en el conjunto de países analizados. Existen diferencias cuando la muestra se desagrega entre países desarrollados y en desarrollo. Limitaciones: La utilización de variables macroeconómicas que presentan fuertes correlaciones entre sí impide incluir todos los factores institucionales que pueden afectar a la conducta de las organizaciones. Implicaciones prácticas: Las organizaciones se enfrentan al isomorfismo coercitivo, de modo que su actuación en la emisión de información de responsabilidad social corporativa se explica en gran parte por la presión de las instituciones formales e informales. Originalidad / Valor añadido: Se presenta evidencia de la importancia de los factores institucionales en la emisión de información sostenible.
FULL TEXT (PDF): 
PDF icon arastirmax-informacion-de-responsabilidad-social-corporativa-y-teoria-institucional.pdf
  • 4
942
977
  • Turkish

JEL Codes:

REFERENCES

References: 

Adams, C.A. (2002). Internal organisational factors influencing corporate social and ethical reporting:
Beyond current theorizing. Accounting, Auditing & Accountability Journal, 15(2), 223-250.
http://dx.doi.org/10.1108/09513570210418905Aixalá, J., & Fabró, G. (2008). Determinantes de la calidad institucional de los países. Revista de Economía
Aplicada, 16(46), 119-144.
Alonso-Almeida, M.M., Perramon, J., & Bagur, L. (2015). Women managers and corporate social
responsibility (CSR) in Spain: Perceptions and drivers. Women’sStudies International Forum, 50, 47-56.
http://dx.doi.org/10.1016/j.wsif.2015.02.007
Banco Mundial (2015a). Indicadores mundiales de gobernabilidad. Disponible online en:
http://web.worldbank.org/WBSITE/EXTERNAL/BANCOMUNDIAL/NEWSSPANISH/0,,con...
6~pagePK:64257043~piPK:437376~theSitePK:1074568,00.html. (Fecha último acceso: noviembre, 2015).
Banco Mundial (2015b). Inversión extranjera directa Disponible online en:
http://datos.bancomundial.org/indicador/BM.KLT.DINV.GD.ZS. (Fecha último acceso: noviembre, 2015).
Belkaoui, A., & Karpik, P.G. (1989). Determinants of the corporate decision to disclose social
information. Accounting, Auditing & Accountability Journal, 2(1), 36-51.
http://dx.doi.org/10.1108/09513578910132240
Belsley, D.A. (1991). Conditioning Diagnostics: Collinearity and Weak Data in Regression. New York: John
Wiley & Sons.
Brammer, S., Jackson, G., & Matten, D. (2012). Corporate social responsibility and institutional theory:
New perspectives on private governance. Socio-Economic Review, 10, 3-28.
http://dx.doi.org/10.1093/ser/mwr030
Campbell, J.L. (2006). Institutional analysis and the paradox of corporate social responsibility. American
Behavioral Scientist, 49(7), 925-938. http://dx.doi.org/10.1177/0002764205285172
Campbell, J.L. (2007). Why would corporations behave in socially responsible ways? An institutional
theory of corporate social responsibility. The Academy of Management Review, 32(3), 946-967.
http://www.jstor.org/stable/20159343. http://dx.doi.org/10.5465/AMR.2007.25275684
Chapple, W., & Moon, J. (2005). Corporate social responsibility(CSR) in Asia. A seven-country study of
CSR web site reporting International Centre for Corporate Social Responsibility. Business & Society,
44(4), 415-441. http://dx.doi.org/10.1177/0007650305281658
Coase, R.H. (1937). The nature of the firm. Economica, 4, 386-405. http://dx.doi.org/10.1111/j.1468-
0335.1937.tb00002.x
Comisión Europea (2011). Comunicación de la Comisión al Parlamento Europeo, al Consejo, al Comité Económico
y Social Europeo y al Comité de las Regiones sobre Estrategia renovada de la UE para 2011-2014 sobre la
Responsabilidad Social de las Empresas. Comisión Europea. COM/2011/681 final. Bruselas. Cooke, T.E., & Wallance, R.S.O. (1990). Financial disclosure regulation and its environment: A review
and further analysis. Journal of Accounting and Public Policy, 9(1), 79-110. http://dx.doi.org/10.1016/0278-
4254(90)90013-P
Cormier, D., Gordon, I.M., & Magnan, M. (2004). Corporate environmental disclosure: Contrasting
management's perceptions with reality. Journal of Business Ethics, 49(2), 143-165.
http://dx.doi.org/10.1023/B:BUSI.0000015844.86206.b9
Da Silva, S.M., & Aibar, B. (2011). Factores determinantes del grado de información medioambiental
divulgada en las grandes empresas que operan en Portugal: Un análisis univariante. Revista de
Administração e Contabilidade da Unisinos, 8(1), 3-19. http://dx.doi.org/10.4013/base.2011.81.01
Daizy, D., & Das, N. (2014). Sustainability reporting framework: Comparative analysis of Global
Reporting initiative ad Dow Jones Sustainability Index. International Journal of Science, Environment and
Technology, 3(1), 55-66. http://dx.doi.org/10.12944/CWE.10.2.30
Deegan C. (2002). Introduction: The legitimising effect of social and environmental disclosures – a
theoretical foundation. Accounting, Auditing and Accountability Journal, 15(3), 282-311.
http://dx.doi.org/10.1108/09513570210435852
De Villiers, C., & Marques, A. (2016). Corporate social responsibility country-level predispositions, and
the consequences of choosing a level of disclosures. Accounting and Business Research, 46(2), 167-195.
http://dx.doi.org/10.1080/00014788.2015.1039476
Dhaliwal, D.S., Radhakrishnan, S., Tsang, A., & Yang, Y.G. (2012). Nonfinancial disclosure and analyst
forecast accuracy: International evidence on corporate social responsibility disclosure”. Accounting
Review, 87, 723-759. http://dx.doi.org/10.2308/accr-10218
Dimaggio, P.J., & Powell, W.W. (1983). The iron cage revisited: Institutional isomorphism and
collective rationality in organizational fields. American Sociological Review, 48(2), 147-160. Reprinted in
Advances in Strategic Management (2000), 17, 143-166.
Dimaggio, P.J., & Powell, W.W. (1991). The new institutionalism in organizational analysis. Chicago:
University of Chicago Press.
Durán-Herrera, J.J., & Bajo-Davó, N. (2013). Incidencia de las variables institucionales del país de
origen de las empresas multinacionales en su performance financiero. Universia Business Review, primer
trimestre, 52-67.
Easterly, W., & Levine, R. (2003). Tropics, germs, and crops: How endowments influence economic
development. Journal of Monetary Economics, 50(1), 3-39. http://dx.doi.org/10.1016/S0304-3932(02)00200-3 Freeman, R.E. (1984). Strategic management: a stakeholder perspective. Boston: Pitman.
Gainet, C. (2010). Exploring the impact of legal systems and financial structure on corporate
responsibility. Journal of Business Ethics, 95, 195-222. http://dx.doi.org/10.1007/s10551-011-0854-5
Gannon, M.J. (2001). Understanding global cultures. Thousand oaks, CA: Sage Publications.
García, M.J., Turró, M., & Amat, O. (2014). The use of economic indicators from the Global Reporting
Initiative by Spanish listed companies. Intangible Capital, 10(4), 699-716. http://dx.doi.org/10.3926/ic.550
García-Sánchez, I.M. (2008). Corporate social reporting: Segmentation and characterization of Spanish
companies. Corporate Social Responsibility and Environmental Management, 15: 187-198.
http://dx.doi.org/10.1002/csr.141
García-Sánchez, I.M., Cuadrado-Ballesteros, B., & Frias-Aceituno, J.V. (2015). Impact of the
institutional macro context on the voluntary disclosure of CSR information. Long Range Planning, 30,
1-21. http://dx.doi.org/10.1016/j.lrp.2015.02.004
García-Sánchez, I.M., Prado-Lorenzo, J.M., & Frías Aceituno, J.V. (2013). Información social
corporativa y sistema legal. Revista Europea de Dirección y Economía de la Empresa, 22, 186-202.
http://dx.doi.org/10.1016/j.redee.2012.11.003
Goyal, A. (2006). Corporate social responsibility as a signalling device for Foreing Direct Investment.
International Journal of the Economics of Business, 13(1), 145-163. http://dx.doi.org/10.1080/13571510500520077
Gray, S.J. (1988). Towards a theory of cultural influence on the development of accounting systems
internationally. Abacus, 24(1), 1-15. http://dx.doi.org/10.1111/j.1467-6281.1988.tb00200.x
Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting. A review of
the literature and longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal,
8(2), 47-77. http://dx.doi.org/10.1108/09513579510146996
Guthrie, J., & Parker, L.D. (1990). Corporate social disclosure practice: A comparative international
analysis. Advances in Public Interest Accounting, 3, 159-175.
Hackston, D., & Milne, M.J. (1996). Some determinants of social and environmental disclosures in New
Zealand companies. Accounting, Auditing & Accountability Journal, 9(1), 77-108.
http://dx.doi.org/10.1108/09513579610109987
Ho, F.N., Wang, H-M.D., & Vitell, S.J. (2012). A Global Analysis of Corporate Social Performance:
The Effects of Cultural and Geographic Environments. Journal of Business Ethics, 107,423-433.
http://dx.doi.org/10.1007/s10551-011-1047-y Hofstede, G.H. (1980). Cultures consequences: International differences in work-related values. Beverly Hills, CA:
Sage Publications.
Hope, O.K., Kang, T., Thomas, W., & Yoo, Y.K. (2008). Culture and auditor choice: A test of the
secrecy hypothesis. Journal of Accounting and Public Policy, 27(5), 357-373.
http://dx.doi.org/10.1016/j.jaccpubpol.2008.07.003
Jiménez, J.C., & Narbona, A. (2010). Los factores institucionales como determinantesde los flujos
comerciales internacionales. Revista de Economía Mundial, 24, 23-48.
Jo, H., Song, M.H., & Tsang, A. (2015). Corporate social responsibility and stakeholder governance
around the world. Global Finance Journal, 29, 42-69. http://dx.doi.org/10.1016/j.gfj.2015.04.003
Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011).The worldwide governance indicators: Methodology
and analytical issues. Journal on the Rule of Law, 3(2), 220-246.
http://dx.doi.org/10.1017/S1876404511200046
Kaufmann, D., Kraay, A., & Zoido-Lobatón, P. (2000). La gobernabilidad es fundamental. Del análisis
a la acción.Finanzas y Desarrollo Publicación trimestral del Fondo Monetario Internacional y del Banco
Mundial, 37, 10-13.
Keig, D.L., Brouthers, L.E., & Marshall, V.B. (2015). Formal and informal corruption environments
and multinational enterprise social irresponsibility. Journal of Management Studies,52(1), 89-116.
http://dx.doi.org/10.1111/joms.12102
Kleinbaum, D.G., Kupper, L.L., & Muller, K.E. (1998). Applied Regression Analysis and Other Multivariable
Methods. Boston: PWS-KENT Publishing Company.
Knudsen, J.S. (2011). Company delisting from the UN Global Compact: Limited business demand or
domestic governance failure?. Journal of Business Ethics, 103, 331-349. http://dx.doi.org/10.1007/s10551-
011-0875-0
Kolk, A., & Perego, P. (2010). Determinants of the adoption of sustainability assurance statements: An
international investigation. Strategy and the Environment,19, 182-198.
La Porta, R., Lopez-De-Silanes, F., Shleifer, A., & Vishny, R.W. (1997). Legal determinants of external
finance. Journal of Finance, LII (3), 1131-1150. http://dx.doi.org/10.1111/j.1540-6261.1997.tb02727.x
La Porta, R., Lopez-De-Silanes, F., Shleifer, A., & Vishny, R.W. (1998). Law and finance. Journal of
Political Economy, 106, 1113-1155. http://dx.doi.org/10.1086/250042 Landry, E.E., Bernardi, R.A., & Bosco, S.M. (2014). Recognition for sustained corporate social
responsibility: Female directors make a difference. Corporate Social Responsibility and Environmental
Management. Published online 20 June 2014 in Wiley Online Library
Lindblom, C. (1994). The implications of organizational legitimacy for corporate social performance
and disclosure. Critical Perspectives on Accounting Conference, New York.
Marano, V., & Kostova, T. (2015). Unpacking the institutional complexity in adoption of CSR practices
in multinational enterprises. Journal of Management Studies, online publication.
Matten, D., & Moon, J. (2008). ‘Implicit’ and ‘explicit’ CSR: A conceptual framework for a comparative
understanding of corporate social responsibility. Academy of Management Review, 33, 404-424.
http://dx.doi.org/10.5465/AMR.2008.31193458
North, D.C. (1990). Institutions, institutional change and economic performance. Cambridge (UK): Cambridge
UniversityPress. Traducción al castellano (1993): Instituciones, Cambio Institucional y Desempeño
Económico. México: Fondo de Cultura Económica. http://dx.doi.org/10.1017/CBO9780511808678
O’Donovan, G. (2002). Environmental disclosures in the annual report: Extending the applicability and
predictive power of legitimacy theory. Permanent link to this document. Accounting, Auditing &
Accountability Journal, 15(3), 344-371. http://dx.doi.org/10.1108/09513570210435870
OECD (2011). Principales conceptos y definiciones de la Inversión Extranjera Directa, in OCDE Definición Marco
de Inversión Extranjera Directa (Cuarta edición). OECD Publishing.
http://dx.doi.org/10.1787/9789264094475-5-es
Orij, R. (2010). Corporate social disclosures in the context of national cultures and stakeholder theory.
Accounting, Auditing & Accountability Journal, 23(7), 868-889. http://dx.doi.org/10.1108/09513571011080162
Ortiz, E., & Marín, S. (2014). Global Reporting Initiative (GRI) as recognized guidelines for
sustainability reporting by Spanish companies on the IBEX 35: Homogeneity in their framework
and added value in the relationship with financial entities. Intangible Capital, 10(5), 855-872.
http://dx.doi.org/10.3926/ic.492
Patten, D.M. (1991). Exposure, legitimacy, and social disclosure. Journal of Accounting and Public Policy,
10(4), 297-308. http://dx.doi.org/10.1016/0278-4254(91)90003-3
Peng, Y.S., Dashdeleg, A.U., & Chih, H.L. (2014). National culture and firm's CSR engagement: A
cross-nation study. Journal of Marketing and Management, 5(1), 38-49. http://dx.doi.org/10.9707/2307-
0919.1014 Prado, J.M., García, M., & Blázquez, A. (2013). El impacto del sistema cultural en la transparencia
corporativa. Revista Europea de Dirección y Economía de la Empresa, 22, 143-154.
http://dx.doi.org/10.1016/j.redee.2013.04.001
Rao, K., & Tilt, C. (2015). Board composition and corporate social responsibility: The role of diversity,
gender, strategy and decision making. Journal of Business Ethics, March 2015, 1-21.
http://dx.doi.org/10.1007/s10551-015-2613-5
Rhodes, R. (1996). The New Governance: Governing without Government. Political Studies, 44,
652-667. http://dx.doi.org/10.1111/j.1467-9248.1996.tb01747.x
Ringov, D., & Zollo, M. (2007). The impact of national culture on corporate social performance.
Corporate Governance: The International Journal of Business in Society, 7(4), 476-485.
http://dx.doi.org/10.1108/14720700710820551
Robertson, D.C. (2009). Corporate social responsibility and different stages of economic development:
Singapore, Turkey, and Ethiopia. Journal of Business Ethics, 88, 617-633. http://dx.doi.org/10.1007/s10551-
009-0311-x
Salter, S.B., & Niswander, F. (1995). Cultural influence on the development of Accounting systems
internationally: A test of Gray's [1988] theory. Journal of International Business Studies, 26(2), 379-397.
http://www.jstor.org/stable/155546. http://dx.doi.org/10.1057/palgrave.jibs.8490179
Simnett, R., Vanstrealen, A., & Chua, W.F. (2009). Assurance on sustainability reports: An international
comparison. The Accounting Review, 84(3), 937-967. http://dx.doi.org/10.2308/accr.2009.84.3.937
Stoker, G. (1998). Governance as theory: Five propositions. International Social Science Journal, 50(155),
17-28. http://dx.doi.org/10.1111/1468-2451.00106
Taras, V., Steel, P., & Kirkman, B.L. (2012). Improving national cultural indices using a longitudinal
meta-analysis of Hofstede’s dimensions. Journal of World Business, 47(3), 329-341.
http://dx.doi.org/10.1016/j.jwb.2011.05.001
Testera, L., & Cabeza, L. (2013). Análisis de los factores determinantes de la transparencia en RSC en
las empresas españolas cotizadas. Intangible capital, 9(1), 225-261. http://dx.doi.org/10.3926/ic.311
Wang, D.T., & Chen, W.Y. (2014). Foreign direct investment, institutional development, and
environmental externalities: Evidence from China. Journal of Environmental Management, 135, 81-90.
http://dx.doi.org/10.1016/j.jenvman.2014.01.013 Williams, S.M. (1999). Voluntary Environmental and Social Accounting Disclosure Practices in the
Asia-Pacific Region: An International Empirical Test of Political Economy Theory. The International
Journal of Accounting, 34(2), 209-238. http://dx.doi.org/10.1016/S0020-7063(99)00006-0
Zarzeski, M.T. (1996). Spontaneous harmonization effects of culture and market forces on accounting
disclosure practices. Accounting Horizons, 10(1), 18-37.
Zucker, L.G. (1987). Institutional theories of organization. Annual Review of Sociology, 13, 443-464.
http://www.jstor.org/stable/2083256. http://dx.doi.org/10.1146/annurev.so.13.080187.002303

Thank you for copying data from http://www.arastirmax.com