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Stakeholder Relevance for Reporting.
- Source :
- Business & Society; Mar2016, Vol. 55 Issue 3, p361-397, 37p
- Publication Year :
- 2016
-
Abstract
- Although stakeholder theory is widely accepted in environmental disclosure research, empirical evidence about the role of stakeholders in firms’ disclosure is still scarce. The authors address this issue for a setting of carbon disclosure. Our international sample comprises the Carbon Disclosure Project (CDP) Global 500, S&P 500, and FTSE 350 reports from 2008 to 2011, resulting in a total of 1,120 firms with 3,631 firm-year observations. The authors apply Tobit regressions to analyze the relationship between carbon disclosure and the relevance of the following stakeholder groups: government, general public, media, employees, and customers. Our results confirm that in addition to carbon performance, all stakeholders are associated with carbon disclosure. Only one stakeholder group (government) acts as a moderator for the relationship between carbon performance and carbon disclosure. Furthermore, the authors find that carbon performance but not the affiliation to a carbon-intensive industry acts as a moderator between stakeholder relevance and carbon disclosure. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00076503
- Volume :
- 55
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Business & Society
- Publication Type :
- Academic Journal
- Accession number :
- 112802227
- Full Text :
- https://doi.org/10.1177/0007650315575119