Corporate Social Responsibility: The Link Between Sustainability Disclosure and Sustainability Performance

• Autores: Kathleen Herbohn, Julie Walker, Huay Yien Monica Loo
• Localización: Abacus: A journal of accounting, finance and business studies, ISSN 0001-3072, Vol. 50, Nº 4, 2014, págs. 422-459
• Idioma: inglés
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• Dialnet Métricas: 2 Citas
• Resumen

  • This paper explores the relation between sustainability performance and sustainability disclosure within the Australian extractive industries. The study utilizes Ullmann's (1985) stakeholder framework, which depicts sustainability disclosure and performance as two components of management strategy for dealing with stakeholder demands. Consistent with this framework, we predict a positive performance–disclosure relation. Extending prior research that has utilized problematic environmental performance indices such as CEP indices or toxic emissions levels, we develop a sustainability performance index based on the International Finance Corporation's Measuring Sustainability Framework (2001). Using data from 339 mining and energy firms listed on the Australian Securities Exchange in 2006, we find that corporate sustainability performance is strongly associated with disclosure as expected. Sustainability disclosure is also greater for firms with a proactive communication strategy as manifested through press release activity. Finally, asset age and firm size are both positively associated with sustainability, consistent with predictions from the stakeholder framework.