Revistes Catalanes amb Accés Obert (RACO)

Información de responsabilidad social corporativa y teoría institucional

Maria Luisa Gallén, Carlos Peraita Delgado

Resum


Purpose: Research on disclosure of sustainability information has focused on the level of firms,
and very few works analyze the differences between countries. The objective is to identify the
factors that explain the differences in the provision of sustainability information at a
macroeconomic level.
Design/methodology: The sample includes 9,570 reports drawn up within the framework of
the Global Reporting Initiative in 53 countries in the period 2007-2012. Information for each
country has been standardized by a million inhabitants every year. Multiple regression models
have been used to study the incidence of governance, culture and globalization.
Findings: It has been detected that indicators of the World Bank’s governance, the proportion
of seats for women in national parliaments and foreign direct investment explain significantly
the provision of sustainability information in all analyzed countries. There are differences when
the sample is broken down into developed and developing countries.
Research limitations/implications: The use of macroeconomic variables that show strong
correlations between each other prevents from including all the institutional factors that may
affect the organizations’ behavior.
Practical implications: Organizations are facing the coercive isomorphism, so their
performance in the emission of corporate social responsibility information is explained mainly
by the pressure of formal and informal institutions.
Originality/value: Evidence of the importance of institutional factors in the emission of
sustainable information is presented.

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