Using a Formal Concept Analysis to Examine Water Disclosure in Corporate Social Responsibility Reports

Corporate Social Responsibility and Environmental Management, Forthcoming

Pace University Accounting Research Paper No. 2017/04

28 Pages Posted: 25 Aug 2017

See all articles by Gary Kleinman

Gary Kleinman

Montclair State University - School of Business

Chu-hua Kuei

Pace University - Lubin School of Business

Picheng Lee

Pace University - Department of Accounting

Date Written: March 4, 2017

Abstract

Corporate Social Responsibility (CSR) water disclosures vary in content, leading to concern about the quality and extent of such disclosures. This paper employs formal concept analysis (FCA) to examine water reporting of selected companies in the US food and beverage industry that have followed the water guidelines set forth by the Global Reporting Initiative (GRI) and in the disclosure guidelines of the CEO Water Mandate. Assessments of water consumption and water withdrawal were cited more often in our sample firms' CSR reports. The FCA results also identify the major focus of our sample firms as setting sustainable water management goals and water quality strategy. Other important issues included leadership, partnership, and employee involvement. While the FCA text mining tool is demonstrated using water-related behaviors here, it can be used to identify continuous improvement opportunities and examine many other issues of interest to corporate stakeholders in other industries and communities worldwide.

Keywords: Water Disclosure, Corporate Social Responsibility Reports, Formal Concept Analysis, CEO Water Mandate, Sustainability

JEL Classification: M41, Q56

Suggested Citation

Kleinman, Gary and Kuei, Chu-hua and Lee, Picheng, Using a Formal Concept Analysis to Examine Water Disclosure in Corporate Social Responsibility Reports (March 4, 2017). Corporate Social Responsibility and Environmental Management, Forthcoming ; Pace University Accounting Research Paper No. 2017/04. Available at SSRN: https://ssrn.com/abstract=3024565 or http://dx.doi.org/10.2139/ssrn.3024565

Gary Kleinman

Montclair State University - School of Business ( email )

Upper Montclair, NJ 07043
United States

Chu-hua Kuei

Pace University - Lubin School of Business ( email )

1 Pace Plaza
New York, NY 10038-1502
United States

Picheng Lee (Contact Author)

Pace University - Department of Accounting ( email )

1 Pace Plaza
New York, NY 10038-1502
United States

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