The DOI matches its Crossref record; 52 of the 52 references it cites were found in a registry or an index.
Environmental Reporting: Transparency to Stakeholders or Stakeholder Manipulation? An Analysis of Disclosure Tone and the Role of the Board of Directors
Open accessAbstract
We study whether environmental reporting serves as a transparency tool to communicate sound environmental policies to stakeholders or rather as a manipulation tool of stakeholders' perceptions. In particular, we focus on the relationship between environmental disclosure tone and future environmental performance and we furthermore explore the role of the board of directors' monitoring and stakeholder orientation in shaping this relationship. Using a sample of 288 US oil and gas firms, we find that the bias towards positive language does not reflect purely opportunistic managerial reasons, but rather is a transparency tool to signal future environmental performance. In addition, we document that the stakeholder orientation of the board plays a transparency role in communicating the firm's superior performance. Our findings contribute to the debate on whether discretionary strategies in environmental reporting are more about increased transparency or about stakeholder manipulation. Moreover, they help investors and policymakers to interpret managers' language choices. Copyright © 2014 John Wiley & Sons, Ltd and ERP Environment.
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Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
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Boards of Directors and Firm Performance: Integrating Agency and Resource Dependence Perspectives
Hillman, A. J., & Dalziel, T. (2003) · Academy of Management Review · doi:10.5465/amr.2003.10196729 · Cited by 3,213
The financial reporting environment: Review of the recent literature
Beyer, A., Cohen, D. A., Lys, T. Z., & Walther, B. R. (2010) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2010.10.003 · Cited by 2,609
Boards of Directors and Firm Performance: Integrating Agency and Resource Dependence Perspectives
Hillman, A. J., & Dalziel, T. (2003) · The Academy of Management Review · doi:10.2307/30040728 · Cited by 2,148
The role of environmental disclosures as tools of legitimacy: A research note
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Size and Composition of Corporate Boards of Directors: The Organization and its Environment
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Dummy Endogenous Variables in a Simultaneous Equation System
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Dummy Endogenous Variables in a Simultaneous Equation System
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Cited by
Composition and Activity of the Board of Directors: Impact on ESG Performance in the Banking System
Birindelli, G., Dell’Atti, S., Iannuzzi, A. P., & Savioli, M. (2018) · Sustainability · doi:10.3390/su10124699 · Cited by 459
Nicolo', G., Zampone, G., De Iorio, S., & Sannino, G. (2024) · Journal of International Financial Management & Accounting · doi:10.1111/jifm.12194 · Cited by 134
Metadata
- Authors
- Arena, C., Bozzolan, S., & Michelon, G.
- Venue
- Corporate Social Responsibility and Environmental Management
- Publisher
- Wiley
- Published
- 2014-05-09
- Volume
- 22
- Issue
- 6
- Pages
- 346-361
- ISSN
- 1535-3958 (ISSN-L)
- 1535-3966
- OpenAlex
- W1812349171
- Cited by
- 273
- References
- 52
- FWCI
- 21.64
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
