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| Tekijä: | Criado-Jimenez, I. (et al.) |
| Otsikko: | Compliance with mandatory environmental reporting in financial statements: The case of Spain (20012003) |
| Lehti: | Journal of Business Ethics
2008 : MAY II, VOL. 79:3, p. 245-262 |
| Asiasana: | accountability business ethics environmental accounting financial statements reporting Spain |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates the effectiveness of SEER (social, ethical and environmental reporting) reporting, and especially the effectiveness of improved standards. The investigation is done through a study of the ICAC-2002 standard, which obliges Spanish firms to include environmental disclosures in their financial statements. The results suggest that improved regulation could increase the volume and quality of SEER disclosures, although there still remains non-compliance, and some problems of voluntary disclosure persist. Through an impression management perspective, the study reveals that as regulation improves, firms employ diverse strategies for avoiding transparency, and to attain corporate legitimacy. This argument reconciles contradicting explanations in the literature as to whether the legitimacy theory explains partial compliance with SEER regulation. |
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