Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Examining the amount of mandatory non-financial information disclosed by Spanish state-owned enterprises and its potential influential variables

Examining the amount of mandatory non-financial information disclosed by Spanish state-owned... This paper aims to examine the extent of mandatory non-financial information disclosed by Spanish state-owned enterprises (SOEs) and barriers to and/or drivers of such disclosures.Design/methodology/approachTo accomplish this task, three data sources were used. To study the extent of non-financial information disclosed and the influence exerted by some variables of such disclosures, the authors performed a content analysis of website disclosures of all Spanish SOEs identified by the General Intervention Board of the State Administration. Likewise, reports published by such companies on their web pages were also examined. To investigate the barriers to the disclosure of non-financial information by Spanish SOEs, the data were collected through interviews with key personnel.FindingsResults showed that the disclosure of mandatory non-financial information by Spanish SOEs is lagging behind when compared to private companies. The key personnel revealed different reasons for the low level of disclosures such as the lack of an accountability awareness in Spain. The institutional size was the variable that most significantly affects the disclosure of mandatory non-financial information by Spanish SOEs.Originality/valueThe main contribution of this research was to examine the influence of some variables on the amount of mandatory non-financial information disclosed by Spanish SOEs. Previous studies have been focused on exploring the level of non-financial information disclosed voluntarily by these companies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Meditari Accountancy Research Emerald Publishing

Examining the amount of mandatory non-financial information disclosed by Spanish state-owned enterprises and its potential influential variables

Download PDF
22 pages

Loading next page...
 
/lp/emerald-publishing/examining-the-amount-of-mandatory-non-financial-information-disclosed-BmhE04XBZ0
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2049-372X
DOI
10.1108/medar-05-2018-0343
Publisher site
See Article on Publisher Site

Abstract

This paper aims to examine the extent of mandatory non-financial information disclosed by Spanish state-owned enterprises (SOEs) and barriers to and/or drivers of such disclosures.Design/methodology/approachTo accomplish this task, three data sources were used. To study the extent of non-financial information disclosed and the influence exerted by some variables of such disclosures, the authors performed a content analysis of website disclosures of all Spanish SOEs identified by the General Intervention Board of the State Administration. Likewise, reports published by such companies on their web pages were also examined. To investigate the barriers to the disclosure of non-financial information by Spanish SOEs, the data were collected through interviews with key personnel.FindingsResults showed that the disclosure of mandatory non-financial information by Spanish SOEs is lagging behind when compared to private companies. The key personnel revealed different reasons for the low level of disclosures such as the lack of an accountability awareness in Spain. The institutional size was the variable that most significantly affects the disclosure of mandatory non-financial information by Spanish SOEs.Originality/valueThe main contribution of this research was to examine the influence of some variables on the amount of mandatory non-financial information disclosed by Spanish SOEs. Previous studies have been focused on exploring the level of non-financial information disclosed voluntarily by these companies.

Journal

Meditari Accountancy Research – Emerald Publishing

Published: Aug 22, 2019

Keywords: Stakeholders; Corporate social responsibility; Legitimacy; Information disclosure; State-owned enterprises

References

  • The ethical, social and environmental reporting-performance portrayal gap
    Adams, C.A.
  • The international integrated reporting council: a call to action
    Adams, C.A.
  • Determining factors of transparency and accountability in local governments: a Meta-analytic study
    Alcaide, L.; Rodríguez, M.P.
  • The institutionalization of unaccountability: loading the dice of corporate social responsibility discourse
    Archel, P.; Husillos, J.; Spence, C.
  • Maturation of public administration in a multicultural environment: Lessons from the Anglo-Saxon, Latin and Scandinavian political traditions
    Arellano, D.; Del Castillo, A.
  • The production of normativity: a comparison of reporting regimes in Spain and the UK
    Bebbington, J.; Kirk, E.A.; Larrinaga, C.
  • Corporate social responsibility reporting: a comprehensive picture?
    Bouten, L.; Everaert, P.; Van Liedekerke, L.; De Moor, L.; Christiaens, J.
  • Factors influencing the quality of corporate environmental disclosure
    Brammer, S.; Pavelin, S.
  • State-owned enterprises around the world as hybrid organizations
    Bruton, G.D.; Peng, M.W.; Ahlstrom, D.; Stan, C.; Xu, K.
  • Aspectos formales de la publicidad activa
    Burgar, J.M.
  • The determinants of government financial reports online
    Caba, M.C.; Rodríguez, M.P.; Lopez, A.
  • Factors influencing social responsibility disclosure by Portuguese companies
    Castelo, M.; Lima, L.
  • The regulation of diffusion of public sector information via electronic means: lessons from the Spanish regulation
    Cerrillo-i-Martínez, A.
  • The normativity and legitimacy of CSR disclosure: Evidence from France
    Chauvey, J.N.; Giordano-Spring, S.; Cho, C.; Patten, D.
  • Revisiting the relation between environmental performance and environmental disclosure: an empirical analysis
    Clarkson, P.M.; Li, Y.; Richardson, G.; Vasvari, F.
  • Corporate social reporting and stakeholder accountability: the missing link
    Cooper, S.M.; Owen, D.L.
  • Expansión del sector público empresarial en las autonomías y ayuntamientos: Evolución y análisis de las posibles causas
    Cuadrado, J.R.; Carrillo, M.
  • Determinants of environmental disclosure in the annual reports of large companies operating in Portugal
    Da Silva, S.M.; Aibar-Guzmán, B.
  • The influence of corporate social responsibility disclosure on share prices: evidence from the United Kingdom
    De Klerk, M.; de Villiers, C.; van Staden, C.
  • Where firms choose to disclose voluntary environmental information
    De Villiers, C.; Van Staden, C.J.
  • Understanding hybridity in public organizations
    Denis, J.L.; Ferlie, E.; Van Gestel, N.
  • A critical reflection on the future of intellectual Capital: from reporting to disclosure
    Dumay, J.
  • GRI sustainability reporting guidelines for public and third sector organizations: a critical review
    Dumay, J.; Guthrie, J.; Farneti, F.
  • Análisis de la divulgación de la información sobre la responsabilidad social corporativa en las empresas de transporte público urbano en españa
    Escamilla, S.; Plaza, P.; Flores, S.
  • Directive as regards disclosure of non-financial and diversity information by certain large undertakings and groups
  • The EU directive on non-financial and diversity information: a new toothless tiger is born?
    Farneti, F.; De Villiers, C.
  • Voluntary disclosure by state-owned enterprises listed on the stock exchange of Hong Kong
    Ferguson, M.J.; Lam, K.C.; Lee, G.M.
  • Empresas públicas autonómicas y endeudamiento fuera de balance
    Fernández, R.
  • Corporate responsibility reporting and its determinants in comparative perspective–a review of the empirical literature and a Meta-analysis
    Fifka, M.S.
  • Determinants of voluntary CSR disclosure: Empirical evidence from Germany
    Gamerschlag, R.; Moller, K.; Verbeeten, F.
  • Determinants of web site information by Spanish city councils
    Gandía, J.L.; Archidona, M.C.
  • Mandatory versus voluntary disclosures: Drivers of proactive information provision by local governments in Central America
    García-Tabuyo, M.; Saez-Martin, A.; Caba-Perez, C.
  • Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises
    Garde, R.; Rodríguez, M.P.; López, A.M.
  • Privatización, eficiencia y responsabilidad patrimonial del estado
    Gómez-Reino, E.; de Abel Vilela, F.A.
  • Sustainability disclosure patterns of South Australian local councils: a case study
    Goswami, K.; Lodhia, S.
  • Social and environmental disclosure and corporate characteristics: a research note and extension
    Gray, R.; Javad, M.; Power, D.M.; Sinclair, C.D.
  • Corporate social and environmental reporting: a review of the literature and a longitudinal study of UK disclosure
    Gray, R.; Kouhy, R.; Lavers, S.
  • Sustainability reporting in the Austrian, German and Swiss public sector
    Greiling, D.; Anton, A.; Stötzer, T.S.
  • Sustainability reporting in Austrian and German local public enterprises
    Greiling, D.; Grüb, B.
  • Corporate governance and accountability of state-owned enterprises
    Grossi, G.; Papenfuß, U.; Tremblay, M.
  • Bridging the accountability gap in hybrid organizations: the case of copenhagen malmö port
    Grossi, G.; Thomasson, A.
  • Some determinants of social and environmental disclosures in New Zealand companies
    Hackston, D.; Milne, M.J.
  • Stakeholder theory, corporate governance and public management: what can the history of state-run enterprises teach us in the post-Enron era?
    Heath, J.; Norman, W.
  • Law 18/2017 about non-financial information and diversity
  • List of state-owned enterprises
  • Empirical evidence of corporate governance in thai state-owned enterprises
    Khongmalai, O.; Tang, J.C.S.; Siengthai, S.
  • Harmonising non-financial reporting regulation in Europe: practical forces and projections for future research
    La Torre, M.; Sabelfeld, S.; Blomkvist, M.; Tarquinio, L.; Dumay, J.
  • Sustainability accounting regulation in Spanish public sector organizations
    Larrinaga, C.; Luque, M.; Fernández, R.
  • Research methods for analysing world wide web sustainability communication
    Lodhia, S.K.
  • Examining accountability dimensions in state-owned enterprises
    Luke, B.
  • Reporting models do not translate well: failing to regulate CSR reporting in Spain
    Luque, M.; Larrinaga, C.
  • Corporate social responsibility and sustainability reporting on the internet
    Morhardt, J.E.
  • Promoting sustainability transparency in European local governments: an empirical analysis based on administrative cultures
    Navarro, A.; Dee Los Ríos, M.; Ruiz, M.; Tirado, P.
  • Conceptions of corporate social responsibility: the nature of managerial capture
    O’Dwyer, B.
  • Chronicles of wasted time? a personal reflection on the current state of, and future prospects for, social and environmental accounting research
    Owen, D.
  • Exploring the legitimacy of EU directive on non-financial and diversity information: evidence from Italian preparers and auditors
    Pappa, M.; Muserra, A.L.; Grimaldi, F.
  • Social and environmental accountability research: a view from the commentary box
    Parker, L.
  • Reshaping public sector accounting: an international comparative view
    Pina, V.; Torres, L.
  • Stakeholder engagement and corporate social responsibility reporting: the ownership structure effect
    Prado-Lorenzo, J.M.; Gallego-Alvarez, I.; Garcia-Sanchez, I.M.
  • Perceptions of transparency of government policymaking: a cross-national study
    Relly, J.E.; Sabharwal, M.
  • Determinants of corporate social responsibility disclosure ratings by Spanish listed firms
    Reverte, C.
  • The new Spanish corporate social responsibility strategy 2014-2020: a crucial step forward with new challenges ahead
    Reverte, C.
  • Regulatory impact assessment: the case of sustainability information under the directive 2014/95
    Rocca, L.; Carini, C.; Veneziani, M.; Teodori, C.
  • Transparencia y rendición de cuentas de las empresas públicas españolas
    Royo, S.; Muñoz, L.; Garcia, J.
  • Freedom of information in local government: Rhetoric or reality?
    Saez-Martin, A.; Caba-Perez, C.; Lopez-Hernandez, A.
  • Accountability and corporate governance of public private partnerships
    Shaoul, J.; Stafford, A.; Stapleton, P.
  • Barometer of December 2017
  • How can performance measurement systems empower managers? an exploratory study in state-owned enterprises
    Swiatczak, M.; Morner, M.; Finkbeiner, N.
  • What explains the extent and content of social and environmental disclosures on corporate websites: a study of social and environmental reporting in Swedish listed corporations
    Tagesson, T.; Blank, V.; Broberg, P.; Collin, S.O.
  • Reshaping public administration: the Spanish experience compared to the UK
    Torres, L.; Pina, V.
  • Corporate social responsibility disclosures in Nigeria: a study of listed financial and non-financial firms
    Uwuibe, U.; Egbibe, C.
  • Sustainability reporting by local government in Australia: Current and future prospects
    Williams, B.; Wilmshurst, T.; Clift, R.
  • A multi-level perspective of CSR reporting: the implications of national institutions and industry risk characteristics
    Young, S.; Marais, M.
  • Spanish strategy on companies’ corporate social responsibility practices 2014-2020
  • Law 19/2013 of transparency, access to public information and good governance
  • Spanish official gazzette 5/3/2011