Disclosure of sustainability reports is a form of corporate social and environmental responsibility. The company's quality and initiatives in disclosing sustainability reports will impact the ...preparation of financial reports under the concept of accounting conservatism. This study aims to provide empirical evidence of the effect of sustainability report disclosure on applying accounting conservatism principles. This study comprises manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) in 2017–2020. The number of samples used in this study was 74, based on the purposive sampling method. The data analysis method in this research is a quantitative analysis using panel data regression analysis with the Random Effect Model (REM). The results of this study indicate that disclosure of sustainability reports has a positive effect on accounting conservatism. This research's contribution is to help companies decide what their corporate responsibility efforts should prioritize. The companies should be more aware of the effects of accounting conservatism and different sustainability report disclosures.
Organizational sustainability has become, at a fast pace, from a simple desideratum, an essential condition for organizations, regardless of the field in which they operate. Being necessary for the ...business strategy to be built on responsibility and transparency, the non-financial data and information presented constitute the structure of a sustainable reporting. Sustainability reports published by companies can also be called a “business card” that reflects performance, social and environmental impact, while also presenting a secondary marketing function that attracts new customers and investors as well as talented employees. The aim of our study was to identify which are the main strategies in support of organizational sustainability applied by the two major food retailers in Romania: Kaufland and Penny. The study shows that there is an increasing trend toward shaping the activity towards sustainable progress, which is reflected in economic growth, environmental protection and socio-economic progress.
Celotno besedilo
Dostopno za:
DOBA, IZUM, KILJ, NUK, PILJ, PNG, SAZU, UILJ, UKNU, UL, UM, UPUK
•Assurance enhances the credibility and transparency of sustainability reporting.•The assurance demand is greater in countries at a stage with a strong legal system and culture and in companies ...experiencing strong pressure from their industry.•Sustainability assurance derives from coercive, normative and mimetic isomorphism.•Normative pressure is the institutional factor that exerts the greatest explanatory power in the assurance demand.
This study offers an opportunity to understand how country- and industry-specific effects may affect the decision to assure sustainability reports by identifying institutional pressures. Based on neo-institutional theory, the aim of this research is to highlight whether assurance derives from the coercive, normative and mimetic forces related to legal and cultural strength and the industry pressure for assurance, respectively. The panel data analysis of an international sample of 696 companies for the period 2007–2014 shows that voluntary assurance acts as a legitimization tool implemented by companies in response to normative, coercive and mimetic pressures; that is, companies operating in countries that have a greater legal system and cultural development, especially in industries that are greatly concerned about sustainability, are more likely to issue an assurance statement. Moreover, through a two-stage logit model, we respond to the question of which is the relevant institutional factor that causes voluntary assurance to be adopted. Specifically, we evidence that the normative factor is the one that exerts the greatest explanatory power in the assurance demand, followed by coercive pressure.
Sustainability reporting and assurance of sustainability reports have been used by organizations in an attempt to provide accountability to their stakeholders. A better understanding of current ...practices is important to provide a base for comparative and trend analyses. This paper aims to consolidate and provide information on sustainability reporting, assurance of sustainability reports and types of assurance providers. Another aim of this paper is to provide a descriptive analysis of these practices for a global sample, comparing results with previous studies, and suggesting opportunities for future research. To accomplish these objectives, a literature review was performed, an analysis of the organizations included in the Fortune Global 500 2010 was completed, and results were presented and consolidated by country. These results demonstrate that all organizations analysed provided some type of information in relation to their social or environmental performance in their official website. The percentage of organizations issuing a sustainability report has been increasing in the last few years. However, the percentage of organizations assuring their sustainability report has stagnated. Types of assurance engagements include those performed by accountants and non-accountants, and new practices have emerged, namely the "mixed approach" and the "stakeholder or specialist review". The analysis also shows that the practices of issuing sustainability reports and having them assured have become a world-wide phenomenon, occurring in developed, and emerging economies around the world.
This study presents a model to measure Circular Economy (CE) in businesses from the point of view of both the range of activities and the intensity with which they are implemented to close material ...circles. The scope of CE is analysed from an environmental accounting approach with the aim of knowing the degree of implementation of the CE and increasing our understanding of the relationship between the implementation of CE in firms and environmental management accounting and reporting practices (EMAR) developed. The results of an empirical survey conducted on a sample of Spanish companies will be used to examine environmental accounting and reporting practices that can be related to the implementation and measurement of CE and also to the progress being made by these companies in closing material and resource circles. The principal results show that CE activities are generally adopted without thinking in an integrated view of CE principles. Furthermore, there is a moderate correlation between the level of circularity of companies and the development of EMAR practices. This correlation is higher the greater the number of EMAR practices that have been developed, especially the implementation of environmental management systems or the development of transparency and reporting policies. Although firms are progressively adopting practices related to CE, the lack of specific indicators does not allow firms to specifically account for their effect on the closing of material loops.
ABSTRACT This study proposes to investigate the GCG's role in the cause-effect connection between sustainability report disclosure and earnings management. A quantitative approach involves CGPI data ...and the GRI G.4 Index, supported by statistical analysis tools to reveal the role. The results, first, sustainability report disclosure hurts earnings management. Second, GCG (management ownership) and corporate governance perception index (as an external control mechanism) strengthen that negative effect. Third, GCG (independent commissioners) does not moderate that effect. These imply that management ownership and external control mechanisms are the practical options to increase earnings quality. ABSTRAK Penelitian ini bertujuan mengeksplorasi peran moderasi GCG di dalam hubungan antara pengungkapan laporan keberlanjutan dan manajemen laba. Satu pendekatan kuantitatif melibatkan data CGPI dan Indeks GRI G.4, didukung alat analisis statistik untuk mengungkap peran moderasi tersebut. Hasilnya, pertama: pengungkapan laporan keberlanjutan berpengaruh negatif terhadap manajemen laba. Kedua: GCG (kepemilikan manajemen) dan indeks persepsi corporate governance (mekanisme pengendalian eksternal perusahaan) memperkuat pengaruh itu. Dan ketiga: GCG (dalam bentuk keterlibatan komisaris independen) tidak berperan sebagai moderator di dalam pengaruh negatif di atas. Hal ini menunjukkan kepemilikan manajemen dan mekanisme pengendalian eksternal merupakan pilihan paling efektif untuk meningkatkan kualitas laba.
This study aims to identify the impact of Earnings Management and Sustainability Report on Tax Aggressiveness. The research method used in this study is quantitative. The subjects in this study used ...a sample of 3 (three) manufacturing companies that have been registered and licensed on the Indonesia Stock Exchange. The data collection method uses sustainability report records and annual financial reports uploaded to the Indonesia Stock Exchange and sustainability reports that can be downloaded from the company's website for the 2018-20 22 analysis period. The data analysis method used in this study is the regression test using SPSS Version 22 to process and analyze the data. The value of the Earning Management variable (X 1 ) has a T value of 4.505 and is greater than the 5% significance value of 2.178. In addition, the test on the Earning Management variable (X 1 ) shows a value of -4.505. This indicates that an increase in earnings management efficiency can significantly decrease Tax Aggressiveness by 450.5%. However, the Sustainability Report (X 2 ) does not significantly affect Tax Aggressiveness with a test value of 0.313 smaller than the 5% significance value of 2.178, indicating that for every 1% increase in Sustainability Report, there is a 31.3% increase in the value of Tax Aggressiveness.
Abstract Compliance with green requirements is becoming increasingly important in assessing the performance of companies. The new CSRD legislation requires a wider range of companies to produce ...sustainability reports and their content is influenced by the EU's taxonomy regulation setting out the framework for sustainable finance. The disclosure of information affects the perception of companies' sustainability performance, which will affect their access to financial resources and development opportunities. The main question is, both in theory and in practice, how companies can comply with the legislation in the future. It is essential for the competitiveness of Hungary's food industry to keep pace with future environmental sustainability requirements, so we examined the sustainability reporting practices of the sector's key companies in terms of their contribution to the environmental objectives set out in the taxonomy regulation. The research fits well with the EU's overall green transition regulatory procedure and our study is gap-filling at macro-regional and sectoral levels. The sustainability reports were assessed by content analysis using a scoring method. The results show that the sustainability reporting practices of food processing companies in Hungary differ significantly. Furthermore, greater emphasis must be placed on reporting and the credibility of the reports to meet future expectations. Foreign-owned companies and companies with more than 500 employees attribute greater importance to reporting. In the food processing sector, the disclosure of information and data under the taxonomy objectives of mitigation of climate change, sustainable use of water and marine resources, and transition to a circular economy was most common.
Drawing on the signaling theory, this study investigates the association between green logistics performance and sustainability reporting. In addition to this direct link, whether corporate ...governance moderates this relation or not is tested. The analysis of data collected for 117 countries covers the period from 2007 to 2016. Primarily, the study provides robust evidence that green logistics performance has a significant and positive association with the existence and the number of sustainability reports within the logistics sector. This association is validated for the composite Logistics Performance Index (LPI) as well as all six individual logistics performance indicators. Furthermore, moderation analysis indicated that in weak corporate governance environments characterized by ineffective boards of directors, the logistics performance and sustainability reporting link is stronger. This means that sustainability reporting fills the gap arising from poor corporate governance. This study extends existing green supply chain management literature by testing, for the first time, the association between green logistics practices and sustainability reporting. It is hoped that it helps to align the logistics sector with more eco-friendly practices and alleviate growing concerns of environmental degradation it is assumed to cause. In the end, the study provides implications for sector representatives, supply-chain managers, and developing countries in particular. It suggests guidelines about how to improve each dimension of six LPI to contribute to the sustainable development of the sector. Moreover, as one of the dimensions of this study is sustainability reporting, communication of sustainable supply chain practices to customers and other stakeholders may help supply chain managers augment the competitive posture of companies in the market. The sector can benefit from the Global Reporting Initiative’s individual metrics including materials usage, energy efficiency, recycling, and waste management metrics in developing environmentally friendly supply chains. The findings are particularly relevant for developing countries which are quite low scorers in terms of LPI than developed countries. Engaging in green logistics practices and developing policies accordingly may help them attenuate growing international environmental concerns and overcome trade barriers in international trade. The highlighted dimensions of green logistics performance may foster the circular economy while promoting the overall economic development of the countries.
Display omitted
•Green logistics performance has a significant (+) association with sustainability reporting.•Corporate governance moderates between green logistics practices & sustainability reporting.•There is a substitution effect between corporate governance and sustainability reporting.•Sustainability initiatives meet transparency needs of investors in poorly regulated contexts.•The study provides implications for logistics sector, policy-makers, and supply chain managers.
PDF
