Determining factors of sustainable information disseminated by electric power companies: an international study
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Published:
2014-06-30
Keywords:
Sustainability, electricity sector, determinants, Global Reporting Initiative
Main Article Content
Abstract
The aim of this article is to examine factors affecting to the voluntary information that electricity sector organizations provide in their sustainability reports. The methodology involves the application of Tobit regression model to measure the influence of independent variables on an indicator of sustainability. The study sample consists of 40 electrical corporations, mainly European and American, including in the list of the Global Reporting Initiative. The results revealed that the market share, return on investment and the evaluation of the information are variables that influence, significantly, on the information contained in sustainability reports.
Article Details
Section
Monographic section
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Patten, D. (1992). Intra-industry environmental disclosures in response to the Alaskan oil spill: A note on legitimacy theory. Accounting, Organizations and Society, 17(5),471-475.
Patten, D. (2002). The relation between organizational performance and environmental disclosure: A research note. Accounting, Organizations and Society, 27, 763-773.
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White, Allen L. (1999). Sustainability and the Accountable Corporation. Environment, 41, (8), 3-43.
Williams, J.G. (1999). Green and social issues and the management accountant. Management Accounting, 1,64-65.
World Commission on Environment and Development (1987). Our Common Future. Oxford, Inglaterra: Oxford University Press.
Xiao, J.Z., Yang, H. & Chow, CH.W. (2004). The determinants and Characteristics of Voluntary Internet Based Disclosures by Listed Chinese Companies. Journal of Accounting and Public Policy, 23(3),191-225.
AECA. (2004). Marco Conceptual de la Responsabilidad Social Corporativa (Documento 1 - Comisión de Responsabilidad Social Corporativa de AECA). Madrid, España: Asociación Española de Contabilidad y Administración de Empresas.
Alvarado, A., Bigné, E. & Currás, R. (2011). Perspectivas teóricas usadas para el estudio de la responsabilidad social empresarial: una clasificación con base en su racionalidad. Estudios Gerenciales, 27(118), 115-138.
Álvarez Etxeberria, I. (2009). Las memorias de sostenibilidad: un instrumento para la gestión de la sostenibilidad. Revista española de financiación y contabilidad, 38(144), 677-697.
Álvarez, A. (2007). Corporate Firm Characteristics and Human Resource Disclosures in Spain. 30th Annual European Accounting Association Congress, 2009. Lisboa, Portugal.
Bonsón, E. & Escobar, T. (2004). La difusión voluntaria de información financiera en internet. Un análisis comparativo entre Estados Unidos, Europa del Este y la Unión Europea. Revista Española de Financiación y Contabilidad, 33 (123), 1063-1101.
Cho, C.H. & Patten, D. M. (2007). The role environmental disclosures as tools of legitimacy: A research note. Accounting, Organizations and Society, 32, 639-647.
Cormier, D. & Magnan, M. (1999). Corporate environmental disclosure strategies: Determinants, costs and benefits. Journal of Accounting, Auditing and Finance, 4(14), 429-451.
Crane, M. (1998). Producción y distribución de energía eléctrica. Disponible en: http://www.insht.es/InshtWeb/Contenidos/Documentacion/TextosOnline/EnciclopediaOIT/tomo3/76.pdf
Crespo, F. (2010). Entre el concepto y la práctica: Responsabilidad social. Estudios Gerenciales, 26 (117), 119-130.
Dda Silva, S. & Aibar, B. (2011). Factores determinantes del grado de información medioambiental divulgada en las grandes empresas que operan en Portugal: un análisis univariante. Revista de Administraçao e Contabilidade da Unisinos, 8(1), 3-19.
Deegan, C. & Gordon, B. (1996). A study of the environmental disclosures practices of Australian corporations. Accounting and Business Research, 26(3), 187-199.
Delacámara, G. (2008). Guía para decisores. Análisis económico de externalidades ambientales. Comisión Económica para América Latina y el Caribe (CEPAL). Disponible en http://www.cepal.org/publicaciones/xml/7/33787/LCW-200.pdf
Elkington, J. (1997). Cannibals with forks. The triple bottom line of 21st century business. Oxford, Inglaterra: Capstone.
EUSS (2009). Electric Utilities Sector Supplement. Amsterdam, Países Bajos. Global Reporting Initiative. Disponible en: https://www.globalreporting.org/resourcelibrary/EUSS-Complete.pdf.
Gandía, J.L. (2008). Determinants of Internet-based corporate governance disclosure by Spanish listed companies. Online Information Review, 32 (6), 791-817.
García-Ayuso, M. y Larrinaga, C. (2003). Environmental disclosure in Spain: Corporate characteristics and media exposure. Revista Española de Financiación y Contabilidad, 11(59),184-214.
García-Ayuso, M., Ruiz, I. & Zamora, C. (2003). Una aproximación a las relaciones de gobierno corporativo en las empresas españolas. XII Congreso AECA, 2009. Cádiz, España.
García-Sánchez, I. (2008). Corporate social reporting: Segmentation and characterization of Spanish companies. Corporate Social Responsibility and Environmental Management, 15(4), 187-198.
Gul, F.A. & Leung, S. (2004). Board Leadership, Outside Directors’ Expertise and Voluntary Corporate Disclosures. Journal of Accounting and Public Policy, 23, 351-379.
Hackston, D. & Milne, M. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing and Accountability Journal,9(1), 77-108.
International Energy Agency (2009). 35 Key Energy Trends over 35 years. París, Francia: International Energy Agency. Disponible en: http:// www.iea.org/textbase/nppdf/free/2009/scoreboard 2009.pdf
Lang, M. & Lundholm, R.C. (1993). Crosssectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research, 31(2), 246-271.
Mercado, P. & García, P. (2007). La responsabilidad social en empresas del valle de Toluca (México). Un estudio exploratorio. Estudios Gerenciales, 23 (102), 119-138.
OCDE (2012). Economic, Environmental and Social Statistics 2011-2012. Disponible en: http://www.oecd-ilibrary.org/sites/factbook-2011-en/06/01/04/index.html?contentType=&itemId=/content/chapter/factbook-2011-49en&containerItemId=/content/serial/18147364&accessItemIds=&mimeType=text/h
Paredes, J.D., Pardo, E. &y de la Cuesta, M. (2010). Retos de la RSC I: Introducción a la Responsabilidad Social Corporativa (Cuaderno Red de Cátedras Telefónica). Madrid, España: UNED-Telefónica. Disponibleen: http://www.rcysosten ibilidad.telefonica.com/blogs/documentoscatedras/files/2011/01/4_2010_RetosRSC_I_Intro.pdf.
Patten, D. (1992). Intra-industry environmental disclosures in response to the Alaskan oil spill: A note on legitimacy theory. Accounting, Organizations and Society, 17(5),471-475.
Patten, D. (2002). The relation between organizational performance and environmental disclosure: A research note. Accounting, Organizations and Society, 27, 763-773.
Roberts, R. (1992). Determinants of corporate social responsibility disclosure: An application of Stakeholder Theory. Accounting, Organizations and Society, 17(6), 595-612.
Unión Europea (2001). Libro verde de la Comisión (Diario Oficial de la Unión Europea, 27 de mayo de 2002, C. 125). Bruselas, Bélgica: Diario Oficial de las Comunidades Europeas.
White, Allen L. (1999). Sustainability and the Accountable Corporation. Environment, 41, (8), 3-43.
Williams, J.G. (1999). Green and social issues and the management accountant. Management Accounting, 1,64-65.
World Commission on Environment and Development (1987). Our Common Future. Oxford, Inglaterra: Oxford University Press.
Xiao, J.Z., Yang, H. & Chow, CH.W. (2004). The determinants and Characteristics of Voluntary Internet Based Disclosures by Listed Chinese Companies. Journal of Accounting and Public Policy, 23(3),191-225.