Sustainability and Social Responsibility: Regulation and Reporting PDF
Preview Sustainability and Social Responsibility: Regulation and Reporting
Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application Graham Gal Orhan Akişik William Wooldridge E ditors Sustainability and Social Responsibility: Regulation and Reporting Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application Series editor Kiymet Tunca Caliyurt, Iktisadi ve Idari Bilimler Fakültesi, Trakya University Balkan Yerleşkesi, Edirne, Turkey This series acts as a forum for book publications on current research arising from debatesaboutkeytopicsthathaveemergedfromglobaleconomiccrisesduringthe past several years. The importance of governance and the will to deal with corruption,fraud,andbadpractice,arethemesfeaturedinvolumespublishedinthe series. These topics are not only of concern to businesses and their investors, but also to governments and supranational organizations, such as the United Nations and the European Union. Accounting, Finance, Sustainability, Governance & Fraud:TheoryandApplicationtakesonadistinctiveperspectivetoexplorecrucial issues that currently have little or no coverage. Thus the series integrates both theoretical developments and practical experiences to feature themes that are topical, or are deemed to become topical within a short time. The series welcomes interdisciplinary research covering the topics of accounting, auditing, governance, and fraud. More information about this series at http://www.springer.com/series/13615 ş Graham Gal Orhan Aki ik (cid:129) William Wooldridge Editors Sustainability and Social Responsibility: Regulation and Reporting 123 Editors Graham Gal William Wooldridge IsenbergSchool ofManagement IsenbergSchool ofManagement University of Massachusetts Amherst University of Massachusetts Amherst Amherst, MA Amherst, MA USA USA Orhan Akişik IsenbergSchool ofManagement University of Massachusetts Amherst Amherst, MA USA ISSN 2509-7873 ISSN 2509-7881 (electronic) Accounting,Finance, Sustainability, Governance &Fraud: TheoryandApplication ISBN978-981-10-4501-1 ISBN978-981-10-4502-8 (eBook) DOI 10.1007/978-981-10-4502-8 LibraryofCongressControlNumber:2017942971 ©SpringerNatureSingaporePteLtd.2018 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpart of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission orinformationstorageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilar methodologynowknownorhereafterdeveloped. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publicationdoesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfrom therelevantprotectivelawsandregulationsandthereforefreeforgeneraluse. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authorsortheeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinor for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictionalclaimsinpublishedmapsandinstitutionalaffiliations. Printedonacid-freepaper ThisSpringerimprintispublishedbySpringerNature TheregisteredcompanyisSpringerNatureSingaporePteLtd. Theregisteredcompanyaddressis:152BeachRoad,#21-01/04GatewayEast,Singapore189721,Singapore Contents Part I Background of Corporate Social Responsibility (CSR) 1 CSR—In Pursuit of Sustainable Growth and Economic Development .. .... .... ..... .... .... .... .... .... ..... .... 3 Sanjay Bhāle and Sudeep Bhāle 2 Social Responsibility as a Factor of Convergence in Corporate Governance ... .... .... ..... .... .... .... .... .... ..... .... 29 Daniela M. Salvioni, Simona Franzoni and Francesca Gennari 3 CSR, Corporate Governance, and the King Reports ... ..... .... 55 Henk Kloppers 4 Problematising Sustainability Assurance Practice: Roles of Sustainability Assurance Providers ... .... .... .... ..... .... 81 Charika Channuntapipat 5 State Auditing and Anticorruption Campaign: Evidence from China ... .... .... ..... .... .... .... .... .... ..... .... 117 Guangyou Liu and Kaisong Gong 6 Sustainability Ratings and Organizational Legitimacy: The Role of Compensating Tactics.. .... .... .... .... ..... .... 141 Jeffrey Gauthier and Bill Wooldridge 7 Can Sustainability Be Budget for? Evidence from Iran. ..... .... 159 Farzaneh Jalali and Graham Gal Part II Analytical Models 8 A Signaling Game Between a Manager and Investors for Financial Disclosure . ..... .... .... .... .... .... ..... .... 181 Chen-Wen Chen v vi Contents 9 Converging the Shareholder and Stakeholder Theories. ..... .... 203 Ertan Kucukyalcin 10 Employee Perceptions of Corporate Social Responsibility Activities and Work-Related Attitudes: The Case of a Greek Management Services Organization ... .... ..... .... 225 Panagiotis Reklitis, Panagiotis Trivellas, Ioannis Mantzaris, Elisavet Mantzari and Dimitrios Reklitis 11 The Impact of the Economic Crisis on the Corporate Social Responsibility Activities of Greek Companies ... ..... .... 241 Alexandros G. Sahinidis, Dimitra Daskalaki, Elisavet Mantzari and Ioannis Mantzaris Part III Market Firm Issues 12 Is Socially Responsible Investing More Risky? Australian Evidence.. .... .... .... ..... .... .... .... .... .... ..... .... 261 Ewan Mackie, Imon Palit, Madhu Veeraraghavan and John Watson 13 Corporate Social Disclosures by Banks: Between Legal Institution and Cultural Dimensions ... .... .... ..... .... 307 Ismail Adelopo, Musa Obalola and Ramiro Cea Moure 14 Social Reporting in a Health Care Organization: A Case Study of a Regional Italian Hospital.. .... .... ..... .... 333 Stefano Marasca, Lucia Montanini, Alberto Manelli, Alessia D’Andrea, Martina Vallesi, Vania Carignani and Paolo Galassi 15 Iran’s Privatization Policy Analysis Based on Good Corporate Governance Principles... ..... .... .... .... .... .... ..... .... 369 Amin Naseri, Rahmatollah Gholipour and Bita Mashayekhi 16 Role of Management, Corporate Governance, and Sarbanes-Oxley in Fraud: A Focus on the Precious Metals Industry.... .... ..... .... .... .... .... .... ..... .... 391 Tomeika Williams 17 Financial and Sustainability Reporting: An Empirical Investigation of Their Relationship in the Italian Context.... .... 411 Marisa Agostini and Ericka Costa 18 Corporate Social Responsibility, Investor Sentiment, and Stock Returns.. .... ..... .... .... .... .... .... ..... .... 443 Emrah Keleş and Ayten Çetin 19 An Industry Perspective on Regulation and Reporting . ..... .... 463 Julian Lustig-Gonzalez and Laura Harcourt Contents vii 20 CSR Disclosure Practices in the Zambia Mining Industry.... .... 471 Obby Phiri and Elisavet Mantzari Author Index.. .... .... .... ..... .... .... .... .... .... ..... .... 505 Subject Index.. .... .... .... ..... .... .... .... .... .... ..... .... 519 Editors and Contributors About the Editors Dr.GrahamGal isanAssociateProfessorofbusinessadministrationattheIsenbergSchoolof Management in the Department of Accounting. Dr. Gal member of the American Accounting Association’s council and serves on the University’s IT Curriculum and Policy committee. Currently,heisontheeditorialboardfortheJournalofInformationSystemsandtheInternational JournalofAuditingTechnology.Heservedaseditorforaspecialissueoncontinuousauditingand continuousreportingfortheManagerialAuditingJournal.Previously,heservedastheassociate editorfordesignsciencefortheJournalofEmergingTechnologies.Hisresearchinterestsinclude businessontologies,specificationofinternalcontrols,continuousmonitoring,continuousreport- ing, organizational security policies, corporate social responsibility impact on financial perfor- mance,andcontrolsforsustainabilityreporting.Dr.Galhasrecentlybeenakeynotespeakeratthe International Conference on Governance, Fraud, Ethics, and Social Responsibility and at MODAV. He has presented his work as a visiting scholar at Chuo University in Tokyo, the University of Sao Paulo, and as a panelist on cybersecurity at the University of Waterloo’s conference on information assurance. His work has been published in a number of journals including Journal of Emerging Technologies in Accounting, Decision Sciences, Expert Systems Review, Expert Systems, Journal of Information Systems, The Information Systems Control Journal,AdvancesinAccounting InformationSystems,TheInternationalJournalof Accounting Information Systems, the International Journal of Accounting and Information Management, Sustainability Accounting, Management and Policy Journal, and the Journal of Management Control. Dr.OrhanAkişik isSeniorLecturerinaccounting attheIsenbergSchoolofManagement.He holdsaPh.D.fromtheStuttgartUniversityinGermany.Dr.Akişikteachesfinancialreportingand cost accounting courses. He previously taught at Boston College, Boston (2001–2012). His research interests include accounting regulation, accounting standards, corporate governance, corporatesocialresponsibility,financialdevelopment,foreigninvestments,economicgrowth,and earningsmanagement.HehaspublishedinacademicjournalssuchasReviewofAccountingand Finance, Research in Accounting in Emerging Markets, Emerging Markets Finance and Trade, TheInternationalJournalofAccountingandInformationManagement,JournalofManagement Control, Sustainability Accounting, Management and Policy Journal. He was granted the title “associateprofessorinaccountingandfinance”byTurkishHigherEducationCouncilin2006. William Wooldridge is Managing Director of the Berthiaume Center for Entrepreneurship and Professor of management in the Isenberg School of Management at the University of Massachusetts, Amherst. Prof. Wooldridge received his Ph.D. in management from the Leeds ix x EditorsandContributors College of Business at University of Colorado, Boulder. His research focuses on business and strategydevelopment,strategyprocess,andbuildingsustainablebusinessmodelsinorganizations. He is the co-author of three books on middle managers and their role in strategy making and corporate entrepreneurship. His research has been published in leading academic journals including Entrepreneurship Theory and Practice, Strategic Management Journal, Journal of Management, and Journal of Management Studies. He has extensive experience teaching entrepreneurship and strategy at the undergraduate and graduate levels. Prof. Wooldridge has served, on two different occasions, as Chair of the Management Department at the Isenberg School,drivingnewcurriculuminitiativesrelatedtoentrepreneurshipandsustainability. AsfoundingdirectoroftheBerthiaumeCenterforEntrepreneurship,Prof.Wooldridgehasled the development of a multi-disciplinary entrepreneurship curriculum on campus, revitalized the campus’ extra-curricular entrepreneurship activities, built strategic relationships across, and beyond,campus,andcreatedateam-basedmentorshipprogramtoservecampus-basedstart-ups. These accomplishments were recently recognized by the United States Association for Small Business and Entrepreneurship through their “Outstanding Emerging Entrepreneurship Program Award,”presentedtotheBerthiaumeCenter,January2016. Contributors Ismail Adelopo University of the West Of England, Bristol, England, UK Marisa Agostini Department of Management, Ca’ Foscari University of Venice, Venice, Italy Sanjay Bhāle Indira Institute of Management (affiliated to University of Pune), Pune, MH, India V. Carignani Azienda Ospedaliero Universitaria “Ospedali Riuniti” di Ancona, Direzione Generale, Ancona, AN, Italy Ayten Çetin Department of Accounting and Finance, Marmara University, Istanbul, Turkey CharikaChannuntapipat AllianceBirminghamBusinessSchool,TheUniversity of Birmingham, Birmingham, UK Chen-Wen Chen Department of Business Management, National Sun Yat-sen University, Kaohsiung, Taiwan, ROC Ericka Costa Department of Economics and Management, University of Trento, Trento, Italy Dimitra Daskalaki Bank of Greece, Athens, Greece A. D’Andrea Department of Management, Facoltà Di Economia “G.Fuà”, Ancona, AN, Italy Simona Franzoni Department of Economics and Management, University of Brescia (Italy), Brescia, Italy Graham Gal Isenberg School of Management, University of Massachusetts at Amherst, Amherst, MA, USA
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