Culture, profitability, non-financial reporting and a meta-analysis: Comments and observations

Abstract

Purpose

This paper aims to highlight key limitations of meta-analyses (and the underlying research) dealing with the correlation between corporate social environmental disclosures (CESDs) and financial measures, using cultural characteristics as moderating variables.

Design/methodology/approach

This paper takes the form of a review. It discusses a research paper published in the current issue of Meditari Accountancy Research, identifies general limitations of meta-analyses and makes recommendations.

Findings

Several issues need to be taken into account by meta-analyses examining the correlation between CESD and financial measures over long periods of time. These include the effect of different accounting standards, the implications of the increasing use of fair value measures, the relevance of the users of corporate reports and the importance of corporate governance systems.

Originality/value

The review contributes to the debate on the need for methodological and theoretical eclecticism when it comes to corporate governance research. Positivist techniques have their role to play, but these must be complemented by interpretive and critical analysis to provide a balanced account of the development and relevance of CSED.

Citation

Maroun, W. (2015), "Culture, profitability, non-financial reporting and a meta-analysis: Comments and observations", Meditari Accountancy Research, Vol. 23 No. 3, pp. 322-330. https://doi.org/10.1108/MEDAR-04-2015-0020