Firm performance, corporate ownership, and corporate social responsibility disclosure in China

Business Ethics

Volumn 22, Issue 2, 2013, Pages 159-173

  Li, Qi ^a   Luo, Wei ^a   Wang, Yaping ^a   Wu, Liansheng ^a  

^a Peking University   (China)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84878293807     PISSN: 09628770     EISSN: 14678608     Source Type: Journal    
DOI: 10.1111/beer.12013     Document Type: Review

References (72)

1. Aharony, J., Lee, C.-W. J. and Wong, T. J. 2000. 'Financial packaging of IPO firms in China'. Journal of Accounting Research, 38:1, 103-126.
2. Alnajjar, F. 2000. 'Determinants of social responsibility disclosures of U. S. Fortune 500 firms: an application of content analysis'. In Freedman, M. and Jaggi, B. (Eds.), Advances in Environmental Accounting and Management: 163-200. New York: Elsevier.
3. Barney, J. B. 1991. 'Firm resources and sustained competitive advantage'. Journal of Management, 17:1, 99-120.
4. Belkaoui, A. and Karpik, P. G. 1989. 'Determinants of the corporate decision to disclose social information'. Accounting, Auditing and Accountability Journal, 2:1, 36-51.
5. Beurden, P. and Gössling, T. 2008. 'The worth of values: a literature review on the relation between corporate social and financial performance'. Journal of Business Ethics, 82:2, 407-424.
6. Blacconiere, W. G. and Patten, D. M. 1994. 'Environmental disclosures, regulatory costs and changes in firm value'. Journal of Accounting and Economics, 18:3, 357-377.
7. Botosan, C. A. 1997. 'Disclosure level and the cost of equity capital'. Accounting Review, 72:3, 323-350.
8. Branco, M. C. and Rodrigues, L. L. 2008. 'Factors influencing social responsibility disclosure by Portuguese companies'. Journal of Business Ethics, 83:4, 685-701.
9. Brandt, L. and Li, H. 2003. 'Bank discrimination in transition economies: ideology, information, or incentives?' Journal of Comparative Economics, 31:3, 387-413.
10. Brickson, S. 2007. 'Organizational identity orientation: the genesis of the role of the firm and distinct forms of social value'. Academy of Management Review, 32:3, 864-888.
11. Cho, C. H. and Patten, D. M. 2007. 'The role of environmental disclosures as tools of legitimacy: a research note'. Accounting, Organizations and Society, 32:7/8, 639-647.
12. Clarkson, M. 1995. 'A stakeholder framework for analyzing and evaluating corporate social performance'. Academy of Management Review, 20:1, 92-117.
13. Clarkson, P., Kao, J. L. and Richardson, G. D. 1994. 'The voluntary inclusion of forecasts in the MD&A section of annual reports'. Contemporary Accounting Research, 11:1, 423-450.
14. Cochran, P. L. and Wood, R. A. 1984. 'Corporate social responsibility and financial performance'. Academy of Management Journal, 27:1, 42-56.
15. Cormier, D., Ledoux, M. and Magnan, M. 2011. 'The informational contribution of social and environmental disclosures for investors'. Management Decision, 49:8, 1276-1304.
16. Cormier, D., Magnan, M. and Velthoven, B. V. 2005. 'Environmental disclosure quality in large German companies: economic incentives, public pressures or institutional conditions?' European Accounting Review, 14:1, 3-39.
17. Dhaliwal, D. S., Li, O. Z., Tsang, A. H. and Yang, Y. G. 2011. 'Voluntary non-financial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting'. The Accounting Review, 86:1, 59-100.
18. Dierkes, M. and Antal, A. B. 1985. 'The usefulness and use of social reporting information'. Accounting, Organizations and Society, 10:1, 29-34.
19. Donaldson, T. and Preston, L. E. 1995. 'The stakeholder theory of the corporation: concepts, evidence and implications'. Academy of Management Review, 20:1, 65-91.
20. Fekrat, M. A., Inclan, C. and Petroni, D. 1996. 'Corporate environmental disclosures: competitive disclosure hypothesis using annual report data'. International Journal of Accounting, 31:2, 175-195.
21. Frankel, R., McNichols, M. and Wilson, G. P. 1995. 'Discretionary disclosure and external financing'. The Accounting Review, 70:1, 135-150.
22. Freedman, M. and Jaggi, B. 1988. 'An analysis of the association between pollution disclosure and economic performance'. Accounting, Auditing and Accountability Journal, 1:2, 43-58.
23. Freedman, M. and Stagliano, A. J. 1992. 'European unification, accounting harmonization, and social disclosures'. International Journal of Accounting, 27:2, 112-122.
24. Freeman, E. 1984. Strategic Management: A Stakeholder Approach. Boston, MA: Pitman Publishing.
25. Galbreath, J. 2006. 'Does primary stakeholder management positively affect the bottom line?'. Management Decision, 44:8, 1106-1121.
26. Gamble, G. O., Hsu, K., Jackson, C. and Tollerson, C. D. 1996. 'Environmental disclosures in annual reports: an international perspective'. International Journal of Accounting, 31:3, 293-331.
27. Gao, S. S., Heravi, S. and Xiao, J. Z. 2005. 'Determinants of corporate social and environmental reporting in Hong Kong: a research note'. Accounting Forum, 29:2, 233-242.
28. Gelb, D. S. and Strawser, J. A. 2001. 'Corporate social responsibility and financial disclosures: an alternative explanation for increased disclosure'. Journal of Business Ethics, 33:1, 1-13.
29. Gibbins, M., Richardson, A. and Waterhouse, J. 1990. 'The management of corporate financial disclosures: opportunism, ritualism, policies and processes'. Journal of Accounting Research, 28:1, 121-143.
30. Gordon, R. H. and Li, W. 2003. 'Government as a discriminating monopolist in the financial market: the case of China'. Journal of Public Economics, 87:2, 283-312.
31. Gray, R. and Bebbington, J. 2007. 'Corporate sustainability, accountability and the pursuit of the impossible dream'. In Atkinson, G. S., Dietz, S. and Neumeyer, E. (Eds.), Handbook of Sustainable Development: 376-394. Cheltenham: Edward Elgar.
32. Gray, R., Javad, M., Power, D. M. and Sinclair, C. D. 2001. 'Social and environmental disclosure and corporate characteristics: a research note and extension'. Journal of Business Finance & Accounting, 28:3/4, 327-356.
33. Gray, R., Kouhy, R. and Lavers, S. 1995. 'Corporate social and environmental reporting: a review of the literature and a longitudinal study of UK disclosure'. Accounting, Auditing and Accountability Journal, 8:2, 47-77.
34. Greenley, G. E., Hooley, G. J., Broderik, H. A. and Rudd, J. 2004. 'Strategic planning differences among different multiple stakeholder orientation profiles'. Journal of Strategic Marketing, 12:3, 163-182.
35. Haniffa, R. M. and Cooke, T. E. 2005. 'The impact of culture and governance on corporate social reporting'. Journal of Accounting and Public Policy, 24:5, 391-430.
36. Healy, P. and Palepu, K. G. 2001. 'Information asymmetry, corporate disclosure, and capital markets: a review of empirical disclosure literature'. Journal of Accounting and Economics, 31:1/3, 405-440.
37. Healy, P., Hutton, A. P. and Palepu, K. G. 1999. 'Stock performance and intermediation changes surrounding sustained increases in disclosure'. Contemporary Accounting Research, 16:3, 485-520.
38. Holder-Webb, L., Cohen, J. R., Nath, L. and Wood, D. 2009. 'The supply of corporate social responsibility disclosures among U. S. firms'. Journal of Business Ethics, 84:4, 497-527.
39. Hooghiemstra, R. 2000. 'Corporate communication and impression management: new perspectives why companies engage in corporate social reporting'. Journal of Business Ethics, 27:1/2, 55-68.
40. Islam, M. A. and Deegan, C. 2008. 'Motivations for an organisation within a developing country to report social responsibility information: evidence from Bangladesh'. Accounting, Auditing and Accountability Journal, 21:6, 850-874.
41. Jamali, D. 2008. 'A stakeholder approach to corporate social responsibility: a fresh perspective into theory and practice'. Journal of Business Ethics, 82:1, 213-231.
42. Jensen, M. and Meckling, W. 1976. 'Theory of the firm: managerial behavior, agency costs, and capital structure'. Journal of Financial Economics, 3:4, 305-360.
43. Kim, O. and Verrecchia, R. 1994. 'Market liquidity and volume around earnings announcements'. Journal of Accounting and Economics, 17:1/2, 41-68.
44. Kornai, J. 1993. 'The evolution of financial discipline under the postsocialist system'. Kyklos, 46:3, 315-336.
45. KPMG. 2011. KPMG international survey of corporate responsibility reporting. Available at http://www.kpmg.com/Global/en/IssuesAndInsights/ ArticlesPublications/corporate-responsibility/Documents/2011-survey.pdf (accessed 20 November 2012).
46. Li, H. and Wang, Q. 1996. Research on the Chinese Work Unit Society. New York: Peter Lang.
47. Li, H. and Zhou, L.-A. 2005. 'Political turnover and economic performance: the incentive role of personnel control in China'. Journal of Public Economics, 89:9/10, 1743-1762.
48. Lin, L. W. 2010. 'Corporate social responsibility in China: window dressing or structural change?' Berkeley Journal of International Law, 28:1, 64-100.
49. Margolis, J. D. and Walsh, J. 2003. 'Misery loves companies: rethinking social initiatives by business'. Administrative Science Quarterly, 48:2, 265-305.
50. McGuire, J. B., Sundgren, A. and Schneeweiss, T. 1988. 'Corporate social responsibility and firm financial performance'. Academy of Management Journal, 31:4, 854-872.
51. Mitchell, K., Agle, R. and Wood, D. 1997. 'Towards a theory of stakeholder identification and salience: defining the principle of who and what really counts'. Academy of Management Review, 22:4, 853-886.
52. Neu, D., Warsame, H. and Pedwell, K. 1998. 'Managing public impressions: environmental disclosures in annual reports'. Accounting, Organizations and Society, 23:3, 265-282.
53. Ng, E. J. and Koh, H. C. 1994. 'An agency theory and profit analytic approach to corporate nonmandatory disclosure compliance'. Asia-Pacific Journal of Accounting, 1:1, 29-44.
54. Ogden, S. and Watson, R. 1999. 'Corporate performance and stakeholder management: balancing shareholder and customer interests in the U. K. privatized water industry'. Academy of Management Journal, 42:5, 526-538.
55. Orlitzky, M., Schmidt, F. and Rynes, S. 2003. 'Corporate social and financial performance: a metaanalysis'. Organization Studies, 24:3, 403-441.
56. Papasolomou-Doukakis, I., Krambia-Kapardis, M. and Katsioloudes, M. 2005. 'Corporate social responsibility: the way forward? Maybe not! A preliminary study in Cyprus'. European Business Review, 17:3, 263-279.
57. Patten, D. M. 1991. 'Exposure, legitimacy, and social disclosure'. Journal of Accounting and Public Policy, 10:4, 297-308.
58. Pfeffer, J. 1981. Power in Organizations. Marshfield, WI: Pitman.
59. Porter, M. E. and Kramer, M. R. 2006. 'Strategy & society: the link between competitive advantage and corporate social responsibility'. Harvard Business Review, 84:2, 78-92.
60. Reverte, C. 2009. 'Determinants of corporate social responsibility disclosure ratings by Spanish listed firms'. Journal of Business Ethics, 88:2, 351-366.
61. Roberts, R. W. 1992. 'Determinants of corporate social responsibility disclosure: an application of stakeholder theory'. Accounting, Organizations and Society, 17:6, 595-612.
62. Running & Loving Consulting for Common Welfare (RLCCW). 2009. Blue Book of Corporate Social Responsibility Reporting by A-Share listed firms (in Chinese). Available at http://wenku.baidu.com/view/3d1f846b561252d380eb6ef2.html (accessed 20 November 2012).
63. Sapienza, P. 2004. 'The effects of government ownership on bank lending'. Journal of Financial Economics, 72:2, 357-384.
64. Simmons, J. 2004. 'Managing in the post-managerialist era: towards socially responsible corporate governance'. Management Decision, 32:3/4, 601-611.
65. Smith, J. L., Adhikari, A. and Tondkar, R. H. 2005. 'Exploring differences in social disclosures internationally: a stakeholder perspective'. Journal of Accounting and Public Policy, 24:2, 123-151.
66. Uhlaner, L., Van Goor-Balk, A. and Masurel, E. 2004. 'Family business and corporate social responsibility in a sample of Dutch firms'. Journal of Small Business and Enterprise Development, 11:2, 186-194.
67. Wang, L. and Juslin, H. 2009. 'The impact of Chinese culture on corporate social responsibility: the harmony approach'. Journal of Business Ethics, 88:Suppl., 433-451.
68. Wang, Q., Wong, T. J. and Xia, L. J. 2008. 'State ownership, the institutional environment, and auditor choice: evidence from China'. Journal of Accounting and Economics, 46:1, 112-134.
69. Wei, Z., Xie, F. and Zhang, S. 2005. 'Ownership structure and firm value in China's privatized firms: 1991-2001'. Journal of Financial and Quantitative Analysis, 40:1, 87-108.
70. White, H. 1980. 'A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity'. Econometrica, 48:4, 817-838.
71. Williams, S. M. and Pei, C. H. W. 1999. 'Corporate social disclosures by listed companies on their web sites: an international comparison'. International Journal of Accounting, 34:3, 389-419.
72. Zu, L. R. and Song, L. N. 2009. 'Determinants of managerial values on corporate social responsibility: evidence from China'. Journal of Business Ethics, 88:Suppl. 1, 105-117.