How a Two-Step Approach Discloses Different Determinants of Voluntary Social and Environmental Reporting
Journal of Business Finance & Accounting, Forthcoming
Posted: 21 Mar 2012
Date Written: March 20, 2012
Previous research on the determinants of voluntary social and environmental disclosure assumes that the determinants underlying the company’s decision to disclose and the disclosure level are the same. This paper addresses the influence of this assumption on: (i) the operationalization of the dependent variables; (ii) the estimation method; and (iii) the subsequent empirical results, using both a sample of listed Belgian and US firms. Overall, the findings suggest that not distinguishing between the determinants underlying the decision to disclose and the disclosure level may be misleading.
Keywords: content analysis, corporate social responsibility, disclosure, estimation methods, Hurdle model
JEL Classification: M4
Suggested Citation: Suggested Citation