Stakeholder Relevance for Reporting: Explanatory Factors of Carbon Disclosure

Guenther, Edeltraud, Guenther, Thomas, Schiemann, Frank and Weber, Gabriel (2016) Stakeholder Relevance for Reporting: Explanatory Factors of Carbon Disclosure. Business & Society, 55 (3). pp. 361-397. ISSN 0007-6503

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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.

Item Type:	Article
Uncontrolled Keywords:	carbon disclosure, carbon performance, climate change, stakeholder theory, corporate social responsibility (CSR), sustainability reporting
Subjects:	N100 Business studies
Department:	Faculties > Business and Law > Newcastle Business School
Depositing User:	Paul Burns
Date Deposited:	24 Feb 2016 10:43
Last Modified:	19 Nov 2019 09:49
URI:	http://nrl.northumbria.ac.uk/id/eprint/26141

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