Towards Sustainable Development in the Arab Middle East and North Africa Region

A Longitudinal Analysis of Environmental Disclosure in Corporate Annual Reports

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4 Citations (Scopus)

Abstract

This paper presents the first comprehensive analysis of corporate environmental disclosure (CED) in the Arab MENA region. Using a detailed research instrument containing 55 items, content analysis of the annual reports of 180 non-financial companies listed on nine major stock markets was conducted over a five-year period. The calculation of an unweighted disclosure index indicates that, although the level of disclosure might be considered relatively low by international standards, it varies by country. Perhaps of greater significance for the future of sustainable development in the region, disclosure is shown to have increased significantly over the period 2010-2014. Further analysis shows that, although there are some differences relating to categories of disclosure, this is a region-wide phenomenon not driven by a subset of countries or types of company. This benchmark study provides a systematic picture for policy makers in the region and, for future researchers, both substantive findings and methodological insight.
Original languageEnglish
Pages (from-to)572-587
Number of pages16
JournalBusiness Strategy and the Environment
Volume27
Issue number4
Early online date19 Nov 2017
DOIs
Publication statusPublished - May 2018

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annual report
North Africa
East Africa
Middle East
sustainable development
stock market
social status
content analysis
analysis
Corporate annual reports
Sustainable development
Arab Middle East
Middle East and North Africa
Environmental disclosure
Longitudinal analysis
Disclosure

Cite this

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title = "Towards Sustainable Development in the Arab Middle East and North Africa Region: A Longitudinal Analysis of Environmental Disclosure in Corporate Annual Reports",
abstract = "This paper presents the first comprehensive analysis of corporate environmental disclosure (CED) in the Arab MENA region. Using a detailed research instrument containing 55 items, content analysis of the annual reports of 180 non-financial companies listed on nine major stock markets was conducted over a five-year period. The calculation of an unweighted disclosure index indicates that, although the level of disclosure might be considered relatively low by international standards, it varies by country. Perhaps of greater significance for the future of sustainable development in the region, disclosure is shown to have increased significantly over the period 2010-2014. Further analysis shows that, although there are some differences relating to categories of disclosure, this is a region-wide phenomenon not driven by a subset of countries or types of company. This benchmark study provides a systematic picture for policy makers in the region and, for future researchers, both substantive findings and methodological insight.",
keywords = "Arab MENA region, Corporate environmental disclosure (CED), Content analysis, Emerging markets, Environmental disclosure index (EDI), MENA region, Sustainable development, sustainable development, environmental disclosure index (EDI), content analysis, emerging markets, corporate environmental disclosure (CED)",
author = "Ali Gerged and Christopher Cowton and Eshani Beddewela",
note = "2 year embargo from publication [JC; 13/10/17] In press; output will be OA compliant once publication and embargo end date are confirmed.",
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T2 - A Longitudinal Analysis of Environmental Disclosure in Corporate Annual Reports

AU - Gerged, Ali

AU - Cowton, Christopher

AU - Beddewela, Eshani

N1 - 2 year embargo from publication [JC; 13/10/17] In press; output will be OA compliant once publication and embargo end date are confirmed.

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