141 research outputs found
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The ebbing hegemon? An evolutionary perspective on the emergence of holistic governance and the efficient role of Institutional Investors in Environmental, Social and Governance issues (ESG)
This paper seeks to chronicle the roots of corporate governance form its narrow shareholder perspective to the current bourgeoning stakeholder approach while giving cognizance to institutional investors and their effective role in ESG in light of the King Report III of South Africa. It is aimed at a critical review of the extant literature from the shareholder Cadbury epoch to the present day King Report novelty. We aim to: (i) offer an analytical state of corporate governance in the Anglo-Saxon world, Middle East and North Africa (MENA), Far East Asia and Africa; and (ii) illuminate the lead role the king Report of South Africa is playing as the bellwether of the stakeholder approach to corporate governance as well as guiding the role of institutional investors in ESG
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A study of corporate social responsibility disclosure practices in Saudi Arabia
This paper analyses changes in corporate social responsibility (CSR) reporting practices among Saudi listed companies in the past three years. Using content analysis methodology of annual reports, a sample of 174 annual reports representing 58 Saudi listed companies from different sectors were analysed to investigate the extent of the level of CSR disclosure in the years 2010 to 2012. Our paper focuses on trends of CSR information in the four categories: Environment; Employee; Community and Customer. In developing countries, the CSR disclosure studies are limited and in the case of Saudi Arabia. Overall a significant increase in CSR reporting was observed over that period despite the fact that private-sector companies are still in the early stages of awareness as far as integrating CSR activities into their corporate policies and strategies is concerned
Analogies as Categorization Phenomena: Studies from Scientific Discourse
Studies on the role of analogies in science classrooms have tended to focus on analogies that come from the teacher or curriculum, and not the analogies that students generate. Such studies are derivative of an educational system that values content knowledge over scientific creativity, and derivative of a model of teaching in which the teacher's role is to convey content knowledge. This dissertation begins with the contention that science classrooms should encourage scientific thinking and one role of the teacher is to model that behavior and identify and encourage it in her students. One element of scientific thinking is analogy. This dissertation focuses on student-generated analogies in science, and offers a model for understanding these. I provide evidence that generated analogies are assertions of categorization, and the base of an analogy is the constructed prototype of an ad hoc category. Drawing from research on categorization, I argue that generated analogies are based in schemas and cognitive models. This model allows for a clear distinction between analogy and literal similarity; prior to this research analogy has been considered to exist on a spectrum of similarity, differing from literal similarity to the degree that structural relations hold but features do not. I argue for a definition in which generated analogies are an assertion of an unexpected categorization: that is, they are asserted as contradictions to an expected schema
The Naturalist's Journals of Gilbert White: exploring the roots of accounting for biodiversity and extinction accounting
Purpose
This paper explores the historical roots of accounting for biodiversity and extinction accounting by analysing the 18th-century Naturalist's Journals of Gilbert White and interpreting them as biodiversity accounts produced by an interested party. The authors aim to contribute to the accounting history literature by extending the form of accounting studied to include nature diaries as well as by exploring historical ecological accounts, as well as contributing to the burgeoning literature on accounting for biodiversity and extinction accounting.
Design/methodology/approach
The authorsâ method involves analysing the content of Gilbert White's Naturalist's Journals by producing an 18th-century biodiversity account of species of flora and fauna and then interpretively drawing out themes from the Journals. The authors then provide a Whitean extinction account by comparing current species' status with White's biodiversity account from 250 years ago.
Findings
This paper uses Gilbert White's Naturalist's Journals as a basis for comparing biodiversity and natural capital 250 years ago with current species' status according to extinction threat and conservation status. Further the paper shows how early nature diary recording represents early (and probably the only) forms of accounting for biodiversity and extinction. The authors also highlight themes within White's accounts including social emancipation, problematisation, aesthetic elements and an example of an early audit of biodiversity accounting.
Research limitations/implications
There are limitations to analysing Gilbert White's Naturalist's Journals given that the only available source is an edited version. The authors therefore interpret their data as accounts which are indicative of biodiversity and species abundance rather than an exactly accurate account.
Practical implications
From the authorsâ analysis and reflections, the authors suggest that contemporary biodiversity accounting needs to incorporate a combination of narrative, data accounting and pictorial/aesthetic representation if it is to provide a rich and accurate report of biodiversity and nature. The authors also suggest that extinction accounting should draw on historical data in order to demonstrate change in natural capital over time.
Social implications
Social implications include the understanding gleaned from the authorsâ analysis of the role of Gilbert White as a nature diarist in society and the contribution made over time by his Journals and other writings to the development of nature accounting and recording, as well as to oneâs understanding and knowledge of species of flora and fauna.
Originality/value
To the authorsâ knowledge this is the first attempt to analyse and interpret nature diaries as accounts of biodiversity and extinction
Assessing the emancipatory nature of Chinese extinction accounting
The majority of research into corporate reporting on biodiversity and conservation generally concludes that such reporting is dominated by impression management, corporate self-interest and an anthropocentric mindset. This has led many researchers to dismiss corporate reporting, focusing increasingly on the activities of NGOs, the public sector and government level reporting. However, recent work has explored the potential for a corporate reporting (and reporting by other entities) to encapsulate emancipatory elements, where such elements demonstrate at least an intention to be transformative and emancipatory in the sense of improving conservation, enhancing biodiversity protection and, critically, preventing species extinctions. Extinction accounting that provides details on how a company is protecting/restoring habitat, enhancing biodiversity, and taking a dynamic approach to conservation could, potentially, lead to ecological and environmental improvements. Chinese listed companies have not, to date, received attention from researchers in relation to extinction accounting. This paper seeks to analyse an extensive sample of Chinese listed companies in a high ecological impact sector to assess the extent to which their biodiversity disclosures are dominated by impression management, in order to identify any elements of the reporting that could be interpreted as emancipatory extinction accounting. We respond to a call from the literature to research extinction accounting by companies in developing economies, given the paucity of the research in this area. Our findings suggest that despite a strong tendency for companies to reveal impression management and self-interest in their disclosures, there are examples of emancipatory extinction accounting, where they appear to be eliciting genuine transformation in their conservation behaviours and activities. Further, we identify species-specific, species-centric reporting as a significant element of extinction accounting, demonstrating the way in which emancipatory extinction accounting is growing and evolving in practice. This represents a significant contribution to the existing literature as previous research in the mining industry found only anthropocentricâ legitimacy-dominated extinction accounting. It is encouraging that elements of an emancipatory extinction accounting are beginning to emerge in reporting practice in a high impact sector in a developing economy
Developing a Species Protection Action Plan â An integrated approach for taxonomies, reporting and engagement for the financial services sector
The planet is currently experiencing a mass extinction event, with human and business activity being the root cause of species loss and habitat destruction. Recent scientific research finds that from a sample of almost half vertebrate species, 32% are decreasing in population size and range as a result of habitat loss, over-exploitation, invasion by alien species, pollution and global warming. As well as species âgoing extinctâ populations of species are diminishing and disappearing. Given the extinction crisis that we currently find ourselves in, making connections between species extinction and our global capitalist system is crucial to driving conservation and species protection. By identifying species loss and extinction as a financially material risk pervasive across all aspects of business, finance and accounting we also identify an urgent need for action, for developing and implementing a Species Protection Action Plan to be spread out across the financial sector throughout all elements and levels of the capital markets, their structures, mechanisms and institutions
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The emergence of integrated private reporting
Purpose: Private social and environmental reporting (SER) has grown considerably in recent years, consistent with a rise in institutional investor engagement and dialogue with investee companies. We interpret the emergence of integrated private reporting through the lens of institutional logics. We frame the emergence of integrated private reporting as a merging of two hitherto separate and possibly rival institutional logics.
Methodology/Approach: We interviewed 19 companies listed on the FTSE100 and 20 UK institutional investors. The interviews were semi-structured and analysed in an interpretive fashion.
Findings and Implications: We provide evidence to suggest that private SER is beginning to merge with private financial reporting and that, as a result integrated private reporting is emerging. This trend is mirroring the international trend in public reporting toward an integrated approach. Specifically, we find that specialist social responsible investment managers are starting to attend private financial reporting meetings whilst mainstream fund managers are starting to attend private meetings on environmental, social and governance (ESG) issues. Further, senior company directors are becoming increasingly conversant with ESG issues. We interpret our findings as two possible scenarios: (i) there is a genuine hybridisation occurring in UK institutional investment such that integrated private reporting is emerging, or; (ii) the financial logic is absorbing and effectively neutralising the responsible investment logic.
Originality: This is the first research investigating the evolution of private integrated reporting
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Site-specific and geographical segmental social, environmental and ethical disclosures by the Ghanaian mining sector
Purpose: This paper explores the extent of site-specific and geographic segmental social, environmental and ethical reporting by mining companies operating in Ghana. We aim to: (i) establish a picture of corporate transparency relating to geographic segmentation of social, environmental and ethical reporting which is specific to operating sites and country of operation, and; (ii) gauge the impact of the introduction of integrated reporting on site-specific social, environmental and ethical reporting.
Methodology/Approach: We conducted an interpretive content analysis of the annual/integrated reports of mining companies for the years 2009, 2010 and 2011 in order to extract site-specific social, environmental and ethical information relating to the companiesâ mining operations in Ghana.
Findings and Implications:
We found that site-specific social, environmental and ethical reporting is extremely patchy and inconsistent between the companiesâ reports studied. We also found that there was no information relating to certain sites, which were in operation, according to the Ghana Minerals Commission. This could simply be because operations were not in progress. Alternatively it could be that decisions are made concerning which site-specific information is reported according to a certain benchmark. One policy implication arising from this research is that IFRS should require geographic segmental reporting of material social, environmental and ethical information in order to bring IFRS into line with global developments in integrated reporting.
Originality: Although there is a wealth of sustainability reporting research and an emergent literature on integrated reporting, there is currently no academic research exploring site-specific social, environmental and ethical reportin
Sartrean bad-faith? Site-specific social, ethical and environmental disclosures by multinational mining companies
Purpose
The purpose of this paper is to investigate why environmentally-sensitive companies still face criticism despite the extensive disclosures in their annual reports. This paper explores the extent of site-specific social, environmental and ethical (SEE) reporting by mining companies operating in Ghana.
Design/methodology/approach
The authors conduct an interpretive content analysis of the annual/integrated reports of mining companies for the years 2009â2014 to extract site-specific SEE information relating to the companiesâ mining operations in Ghana. The authors also theorise these actions using the existentialist work of Jean-Paul Sartre, in particular his work on âbad faith, nothingness and authenticityâ.
Findings
The findings suggest that SEE information disclosure at site-specific level remains problematic because of bad faith and inauthenticity by mining companies attempting to placate a range of stakeholders. Bad faith represents a form of self-deception or internal denial which manifests in corporate narratives. Inauthenticity is a self-awareness that culminates in the denunciation of corporate identity and the pursuit of external expectations. The effect is the production of inauthentic corporate accounts that is constrained by the assumption made on stakeholder expectation.
Originality/value
The authors apply a Sartrean lens to explore site-specific SEE. Furthermore, the authors seek to expand the social accounting research domain by drawing on Sartreâs work on âbad faithâ and ânothingnessâ. Sartreâs work to the best of the authorsâ knowledge is not explored in social accounting research
"Good" news from nowhere:imagining utopian sustainable accounting
Purpose
The purpose of this paper is to attempt to provide a ray of hope, in the form of a Morris-style utopian dream of a sustainable world, as a basis for new forms of accounting and accountability in contemporary society.
Design/methodology/approach
The method is four-fold, weaving together an auto-ethnographic approach, a contextual dialogue between accounting academics and lobbyists, a Morris-inspired utopian metaphor and a stakeholder accountability event in the form of oral disclosures written as a song cycle.
Findings
Current efforts at integrated reporting are unlikely to change how large companies do business in order to address the risk of climate change in the short term. If the UN reports on climate change are correct, the authors need to take immediate action. The authors argue that, instead of waiting for climatic disaster to lead to a paradigm shift in corporate practice, âmonetisationâ of the costs of climate change is one way to encourage integrated thinking and sustainable business models. This relies on existing finance and accounting discourse to create a new âfield of environmental visibilityâ which engenders environmental awareness on the part of the worldâs companies and policy makers.Practical implications
This utopian image may not appear a practicable, realistic solution to current problems but represents a starting point for optimism. It provides inspiration for policy makers to develop better forms of sustainability reporting, more suitable to the accelerating rates of climatic change.
Originality/value
To the authorsâ knowledge this is the first attempt to develop Morrisâs News From Nowhere as a basis for building new forms of accounting and accountability
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