Social Reporting and New Governance Regulation: The Prospects of Achieving Corporate Accountability Through Transparency

26 Pages Posted: 11 Oct 2005

See all articles by David Hess

David Hess

The Stephen M. Ross School of Business at the University of Michigan

Date Written: September 2005

Abstract

This paper argues that social reporting can be an important form of New Governance regulation to achieve stakeholder accountability. Current social reporting practices, however, fall short of achieving stakeholder accountability and actually may work against it. By examining the success and failures of other transparency programs in the United States, we can identify key factors for ensuring the success of social reporting over the long term. These factors include increasing the benefits-to-costs ratios of both the users of the information and the disclosers, and recognizing the importance of the involvement of third-party intermediaries.

Keywords: Social reporting, sustainability reporting, social responsibility, regulation

JEL Classification: G38, K29, M14

Suggested Citation

Hess, David, Social Reporting and New Governance Regulation: The Prospects of Achieving Corporate Accountability Through Transparency (September 2005). Available at SSRN: https://ssrn.com/abstract=818544 or http://dx.doi.org/10.2139/ssrn.818544

David Hess (Contact Author)

The Stephen M. Ross School of Business at the University of Michigan ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States
734-763-9779 (Phone)

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