Voluntary social reporting in three FTSE sectors: a comment on perception and legitimacy
Accounting, Auditing & Accountability Journal
ISSN: 0951-3574
Article publication date: 1 October 2003
Abstract
In examining the effects of the Exxon Valdez oil spillage on corporate social reporting (CSR) in the annual reports of oil companies, Patten suggested examining companies in other industries and their response to social (e.g. environmental) threats. This paper examines environmental and social reporting in five companies representing three FTSE sectors, selected according to an intuitive understanding of society’s perceptions of their depth of “sin” or supposed unethical behaviour. Social disclosure data were captured from annual corporate reports between 1975 and 1997. Results suggest that legitimacy theory may be an explanation of disclosure in some cases but not in others. The distorting effects of perception (of legitimacy‐threatening factors) and the increase in choices of disclosure media partly explain the mixed results and these factors and it is suggested, challenge the usefulness of future “annual‐report only” studies.
Keywords
Citation
Campbell, D., Craven, B. and Shrives, P. (2003), "Voluntary social reporting in three FTSE sectors: a comment on perception and legitimacy", Accounting, Auditing & Accountability Journal, Vol. 16 No. 4, pp. 558-581. https://doi.org/10.1108/09513570310492308
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited