Does context matter for Sustainability Disclosure? Institutional factors in Southeast Asia

Research output: Contribution to journalArticle

Abstract

Corporate sustainability is a dynamic, socially constructed concept. Relatedly, to understand the variations in the disclosure of corporate sustainability activities across countries, we need to inherently explore their underlying socio-political contexts. At present our understanding in this regard, is deficient. We respond to this extant research gap by adopting a multi-country approach to investigate the relationship between countries’ institutional environments and firms’ sustainability disclosure (SD) practices, across six countries in the Southeast Asian region. Our findings reflect a common focus of Southeast Asian firms on community and human resources related disclosures. Nevertheless, nuanced differences in their overall SD levels confirm the influence of differing legal, normative and socio-cultural systems in engendering greater disclosure and transparency at a national level. By quantifying the institutional environment and identifying external influencing factors, our study provides a useful framework grounded in neo-institutional theory to widen the existing understanding of how institutional pressures can be measured and compared across different contexts.
Original languageEnglish
JournalBusiness Ethics: A European Review
Publication statusAccepted/In press - 2 Jan 2020

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Institutional factors
South-East Asia
Sustainability
Disclosure
Institutional environment
Corporate sustainability
Asia
Human resources
Institutional pressures
Transparency
Neo-institutional theory
Influencing factors

Cite this

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title = "Does context matter for Sustainability Disclosure? Institutional factors in Southeast Asia",
abstract = "Corporate sustainability is a dynamic, socially constructed concept. Relatedly, to understand the variations in the disclosure of corporate sustainability activities across countries, we need to inherently explore their underlying socio-political contexts. At present our understanding in this regard, is deficient. We respond to this extant research gap by adopting a multi-country approach to investigate the relationship between countries’ institutional environments and firms’ sustainability disclosure (SD) practices, across six countries in the Southeast Asian region. Our findings reflect a common focus of Southeast Asian firms on community and human resources related disclosures. Nevertheless, nuanced differences in their overall SD levels confirm the influence of differing legal, normative and socio-cultural systems in engendering greater disclosure and transparency at a national level. By quantifying the institutional environment and identifying external influencing factors, our study provides a useful framework grounded in neo-institutional theory to widen the existing understanding of how institutional pressures can be measured and compared across different contexts.",
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AU - Beddewela, Eshani

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AB - Corporate sustainability is a dynamic, socially constructed concept. Relatedly, to understand the variations in the disclosure of corporate sustainability activities across countries, we need to inherently explore their underlying socio-political contexts. At present our understanding in this regard, is deficient. We respond to this extant research gap by adopting a multi-country approach to investigate the relationship between countries’ institutional environments and firms’ sustainability disclosure (SD) practices, across six countries in the Southeast Asian region. Our findings reflect a common focus of Southeast Asian firms on community and human resources related disclosures. Nevertheless, nuanced differences in their overall SD levels confirm the influence of differing legal, normative and socio-cultural systems in engendering greater disclosure and transparency at a national level. By quantifying the institutional environment and identifying external influencing factors, our study provides a useful framework grounded in neo-institutional theory to widen the existing understanding of how institutional pressures can be measured and compared across different contexts.

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KW - normative

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