Investigation
Environmental information disclosure: an exploratoy analysis for listed companies in Argentina
Categories
Published 2018-12-26
Keywords
- cluster analysis,
- environmental accounting,
- environmental information,
- listed companies
How to Cite
Rabasedas, M. (2018). Environmental information disclosure: an exploratoy analysis for listed companies in Argentina. CAPIC REVIEW, 16, 1–16. https://doi.org/10.35928/cr.vol16.2018.63
Abstract
The disclosure of environmental accounting information is a worldwide growing trend, aiming to bring some responses to the intense social demand for corporate accountability.
The aim of this paper is to contribute to the development of environmental accounting in Argentina, exploring the disclosure of environmental information in listed companies, examining their characteristics and determining patterns.
To achieve this, an environmental disclosure index was proposed built through the application of content analysis to financial statements and sustainability reports of a sample of Argentinian listed companies. Over these results, we conducted a cluster analysis in order to identify defining variables.
The results show that there is a generally low level of disclosure and high content dispersion. Three different clusters were identify with low, medium and high disclosure levels respectively, characterized mainly by sector, size and the presence of an environmental management area. These findings provide a basis to begin the development of a possible environmental standard in Argentina, focusing on business characteristics and information needs.
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References
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4. Archel Domench, P. (2003). La divulgación de la información social y medioambiental de la gran empresa española en el período 1994-1998: situación actual y perspectivas. Revista Española de Financiación y Contabilidad, 32(117), 571–601.
5. Archel Domench, P., & Lizarraga, F. (2011). Algunos determinantes de la información medioambiental divulgada por las empresas españolas cotizadas. Revista de Contabilidad, 4(7), 129–153.
6. Azcárate Llanes, F., Fernández Chulián, M., & Carrasco Fenech, F. (2015). Memorias de sostenibilidad e indicadores integrados: análisis exploratorio sobre características definitorias. Una reflexión crítica. Innovar, 25(56), 83.
7. Baskin, J. (2006). Corporate Responsibility in Emerging Markets. JCC, 24(winter), 29–47.
8. Bebbington, J., & Larrinaga, C. (2014). Accounting and sustainable development: An exploration. Accounting, Organizations and Society, 39(6), 395–413. https://doi.org/10.1016/j.aos.2014.01.003
9. Bebbington, K. J., Gray, R. H., Hibbitt, C., & Kirk, E. (2001). Full Cost Accounting: An Agenda for Action - University of St Andrews. Londres: Certified Accountant Educational Trust (ACCA).
10. Beck, C., Campbell, D., & Shrives, P. J. (2010). Content analysis in environmental reporting research: Enrichment and rehearsal of the method in a British-German context. British Accounting Review, 42(3), 207–222.
11. Boiral, O. (2016). Accounting for the Unaccountable: Biodiversity Reporting and Impression Management. Journal of Business Ethics, 135(4), 751–768.
12. Braam, G. J. M., Uit De Weerd, L., Hauck, M., & Huijbregts, M. A. J. (2016). Determinants of corporate environmental reporting: The importance of environmental performance and assurance. Journal of Cleaner Production, 129(December 2017), 724–734.
13. Cho, C. H., & 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.
14. Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4–5), 303–327.
15. Clarkson, P. M., Overell, M. B., & Chapple, L. (2011). Environmental Reporting and its Relation to Corporate Environmental Performance. Abacus, 47(1), 27–60.
16. Comisión Nacional de Valores. (2018). Entidades emisoras en el régimen de oferta pública. Recuperado 14 de febrero de 2018, a partir de http://www.cnv.gob.ar/InfoFinan/BuscoSociedades.asp
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18. Cowen, S. S., Ferreri, L. B., & Parker, L. D. (1987). The impact of corporate characteristics on social responsibility disclosure: A typology and frequency-based analysis. Accounting, Organizations and Society, 12(2), 111–122.
19. Deegan, C., & Gordon, B. (1996). A Study of the Environmental Disclosure Practices of Australian Corporations. Accounting and Business Research, 26(3), 187–199.
20. Deegan, C., & Rankin, M. (1996). Do Australian companies report environmental news objectively? Accounting, Auditing & Accountability Journal, 9(2), 50–67.
21. Del Mar Alonso-Almeida, M., Llach, J., & Marimon, F. (2014). A closer look at the “Global Reporting Initiative” sustainability reporting as a tool to implement environmental and social policies: A worldwide sector analysis. CSR and Environmental Management, 21(6), 318–335.
22. Di Rienzo J.A., Casanoves F., Balzarini M.G., Gonzalez L., Tablada M., Robledo C.W. (2018). InfoStat versión 2018. Grupo InfoStat, FCA, Universidad Nacional de Córdoba, Argentina.
23. Elkington, J. (1997). Cannibals with forks. The triple bottom line of 21st century business. Londres: Capstone Publishing Ltd. Oxford.
24. Escobar, D. S. (2009). Divulgación de Información Medioambiental contenida en el Sistema de Información Contable. Contabilidad y Auditoría, 4, 1–9.
25. Escobar, D. S., & Fronti de García, L. (2008). Inclusión de información social y ambiental en los Estados contables de empresas en Argentina. Contabilidad Ambiental de Gestión y Financiera. Recuperado a partir de https://www.estrucplan.com.ar/Producciones/imprimir.asp?IdEntrega=3639
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27. Fernández, L., Larramendy, E., & Tellechea, P. (2012). Avance en la Exposición Contable de CoPs y Memorias GRI. Pecvnia, 15(15), 109–128.
28. Fifka, M. S. (2013). Corporate Responsibility Reporting and its Determinants in Comparative Perspective - a Review of the Empirical Literature and a Meta-analysis. Business Strategy and the Environment, 22(1), 1–35.
29. Fronti, I. G. (2007). Corporate social reporting in developing countries: the case of argentina. En Research Forum - Annual Congress of the European Accounting Association (pp. 191–206). Lisboa: European Accounting Association.
30. Fronti de García, L., Granada Abárzuza, M. del C., & Gracía Fronti, I. M. (2000). Información sobre la gestión medioambiental de las empresas. Contabilidad y Auditoría, 6(11), 1–42.
31. Galego-Álvarez, I., Formigoni, H., & Antunes, M. T. P. (2014). Corporate social responsibility practices at brazilian firms. Revista de Administração de Empresas, 54(1), 12–27.
32. García-Ayuso, M., & Larrinaga, C. (2003). Environmental Disclosure in Spain: Corporate Characteristics and Media Exposure. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad, 32(115), 184–214.
33. Geba, N. B., & Giraldo, G. C. D. (2008). Paradigmas en contabilidad y la información contable Socio-ambiental. En IIIas Jornadas Universitarias Internacionales de Contabilidad 1, Montevideo.
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36. Gray, R. (2001). Thirty years of social accounting, reporting and auditing: What (if anything) have we learnt? Business Ethics: A European Review, 10(1), 9–15. https://doi.org/10.1111/1467-8608.00207
37. Gray, R. (2006). Social, environmental and sustainability reporting and organisational value creation? Accounting, Auditing & Accountability Journal, 19(6), 793–819.
38. Gray, R., Kouhy, R., & Lavers, S. (1995). Constructing a research database of social and environmental reporting by UK companies. Accounting, Auditing & Accountability Journal, 8(2), 78–101.
39. Gray, R., Owen, D., & Adams, C. (2009). Some theories for social accounting?: A review essay and a tentative pedagogic categorisation of theorisations around social accounting (pp. 1–54).
40. Hackston, D., & Milne, M. J. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing & Accountability Journal, 9(1), 77–108.
41. Hahn, R., & Lülfs, R. (2014). Legitimizing Negative Aspects in GRI-Oriented Sustainability Reporting: A Qualitative Analysis of Corporate Disclosure Strategies. Journal of Business Ethics, 123(3), 401–420.
42. Hair, J.F., Anderson, R.E., Tatham, R.L., & Black, W.C. (2005). Análisis Multivariante. 5a Edición. Madrid: Prentice Hall.
43. Hossain, M., & Reaz, M. (2007). The determinants and characteristics of voluntary disclosure by Indian banking companies. CSR and Environmental Management, 14(5), 274–288.
44. Husillos Carqués, J. F. (2007). Una aproximación desde la teoría de la legitimidad a la información medioambiental revelada por las empresas españolas cotizadas. Revista Española de Financiación y Contabilidad, 36(133), 97–121.
45. Joseph, C., & Taplin, R. (2011). The measurement of sustainability disclosure: Abundance versus occurrence. Accounting Forum, 35(1), 19–31. https://doi.org/10.1016/j.accfor.2010.11.002
46. Kansal, M., Joshi, M., & Batra, G. S. (2014). Determinants of corporate social responsibility disclosures: Evidence from India. Advances in Accounting, 30(1), 217–229.
47. KPMG. (2017, octubre 11). KPMG Survey of Corporate Responsibility Reporting 2017 | KPMG | GLOBAL. KPMG. Recurado a partir de https://home.kpmg.com/xx/en/home/campaigns/2017/10/survey-of-corporate-responsibility-reporting-2017.html
48. Krippendorff, K. (2003). Content analysis : an introduction to its methodology (2a ed.). Los Angeles: Sage Publications, Inc.
49. Lindgreen, A., Córdoba, J.-R., Maon, F., & Mendoza, J. M. (2010). Corporate Social Responsibility in Colombia: Making Sense of Social Strategies. Journal of Business Ethics, 91(S2), 229–242.
50. Lock, I., & Seele, P. (2016). The credibility of CSR reports in Europe. Evidence from a quantitative content analysis in 11 countries. Journal of Cleaner Production, 122, 186–200.
51. Lomas, P. L., & Giampietro, M. (2017). Environmental accounting for ecosystem conservation: Linking societal and ecosystem metabolisms. Ecological Modelling, 346, 10–19.
52. Fronti de García, L. & Nastas, A. V. (2002, septiembre). Información Medioambiental para los usuarios de los Estados Contables. Comunicaciones Técnicas CPCE Buenos Aires. Recuperado a partir de http://www.consejo.org.ar/coltec/garcia_nastasi_1309.htm
53. Marín Gaviria, M. del P., Maldonado García, S., & Sanmiguel, L. (2012). Análisis empírico de la divulgación de información social en Chile: un estudio en empresas cotizadas. Econ. Gest. Desarrollo, 13, 121–153.
54. Mercado de Valores de Buenos Aires. (2018). Índice General BCBA. Recuperado 15 de febrero de 2018, a partir de http://www.merval.sba.com.ar/vistas/cotizaciones/indices.aspx
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