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

Learn More →

Social Disclosure and the Individual Investor

Social Disclosure and the Individual Investor The demand for social information by individual investors is supported by the survey reported in this study. Based on the results of the 1991 survey on the usefulness of annual reports to corporate shareholders, there appears to be a strong demand for information about product safety and quality, and about the company′s environmental activities. Furthermore, a majority of the shareholders surveyed also want the company to report on corporate ethics, employee relations and community involvement. Since there appears to be a strong demand for social information by shareholders, serious consideration should be given to requiring certain social disclosures in annual reports. Furthermore, a large minority of those surveyed would like these disclosures to be audited. It may be in the interest of the auditing profession actively to support those areas of social disclosure that it feels comfortable auditing and to develop the skills to provide such audits. If not, the profession may find itself in the position of being required to attest to something for which it has no expertise. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting, Auditing & Accountability Journal Emerald Publishing

Social Disclosure and the Individual Investor

Download PDF
16 pages
Read Article

Loading next page...
 
/lp/emerald-publishing/social-disclosure-and-the-individual-investor-JkIY0Eln8Z
Publisher
Emerald Publishing
Copyright
Copyright © 1994 MCB UP Ltd. All rights reserved.
ISSN
0951-3574
DOI
10.1108/09513579410069867
Publisher site
See Article on Publisher Site

Abstract

The demand for social information by individual investors is supported by the survey reported in this study. Based on the results of the 1991 survey on the usefulness of annual reports to corporate shareholders, there appears to be a strong demand for information about product safety and quality, and about the company′s environmental activities. Furthermore, a majority of the shareholders surveyed also want the company to report on corporate ethics, employee relations and community involvement. Since there appears to be a strong demand for social information by shareholders, serious consideration should be given to requiring certain social disclosures in annual reports. Furthermore, a large minority of those surveyed would like these disclosures to be audited. It may be in the interest of the auditing profession actively to support those areas of social disclosure that it feels comfortable auditing and to develop the skills to provide such audits. If not, the profession may find itself in the position of being required to attest to something for which it has no expertise.

Journal

Accounting, Auditing & Accountability Journal – Emerald Publishing

Published: Dec 1, 1994

Keywords: Disclosure; Investment; Shareholders; Social responsibility

References

  • On the Measurement of Corporate Social Responsibility: Self‐reported Disclosures as a Method of Measuring Corporate Social Involvement
    Abbott, W.F.; Monsen, R.J.
  • Voluntary Social Reporting: An Iso‐beta Portfolio Analysis
    Anderson, J.C.; Frankle, A.W.
  • The Impact of the Disclosure of the Environment Effects of Organizational Behavior on the Market
    Belkaoui, A.
  • Strategy, Annual Reports, and Alchemy
    Bowman, E.H.
  • A Survey of the Interest in Social Responsibility Information by Mutual Funds
    Buzby, S.; Falk, H.
  • A Survey of the Interest in Social Responsibility Information by Mutual Funds
    Buzby, S.; Falk, H.
  • The Value of Corporate Accounting Reports: Arguments for a Political Economy of Accounting
    Cooper, D.; Sherer, M.
  • Corporations and Morality
    Donaldson, T.
  • The Usefulness of Annual Reports to Corporate Shareholders
    Epstein, M.J.
  • Pollution Disclosures, Pollution Performance and Economic Performance
    Freedman, M.; Jaggi, B.
  • An Analysis of the Impact of Corporate Pollution Disclosures Included in Annual Financial Statements on Investment Decisions
    Freedman, M.; Jaggi, B.
  • An Assessment of the Information Content of Social Disclosures
    Freedman, M.; Wasley, C.
  • Who Claims Corporate Responsibility? The Biggest and the Worst
    Fry, F.; Hock, R.J.
  • Accountability Corporate Social Reporting, and the External Social Audits
    Gray, R.; Owen, D.L.; Maunders, K.
  • Corporate Disclosure Practice: A Comparative International Analysis
    Guthrie, J.; Parker, L.
  • Ethical Investment and the Corporate Reporting Function
    Harte, G.; Lewis, L.; Owen, D.
  • Investigation of the Information Content of Certain Social Responsibility Disclosure
    Ingram, R.W.
  • An Analysis of the Information Content of Pollution Disclosures
    Jaggi, B.; Freedman, M.
  • Nonparametrics: Statistical Methods Based on Ranks
    Lehmann, E.L.
  • Corporate Social Responsibility and the Institutional Investor
    Longstreth, B.; Rosenbloom, H.
  • Annual Reports in an Ideological Role: A Critical Theory Analysis
    Macintosh, N.
  • Shareownership
    New York Stock Exchange (NYSE)
  • The Market Reaction to Social Responsibility Disclosures: The Case of the Sullivan Principles Signing
    Patten, D.
  • A Comparison of 1985 and 1978 Social Disclosures
    Patten, D.
  • Toward a Theory of Corporate Social Accounting
    Ramanathan, K.V.
  • A Descriptive Study of Social Accounting Responsibility Mutual Funds
    Rockness, J.; Williams, P.F.
  • Market Response to Environmental Information Produced Outside the Firm
    Shane, P.; Spicer, B.
  • Corporate Responsibility, Institutional Governance and the Roles of Accounting Standards
    Tricker, R.I.
  • Associations between Social Responsibility Disclosure and Characteristics of Companies
    Trotman, K.T.; Bradley, G.W.
  • Data in Search of a Theory: A Critical Examination of the Relationship Among Social Performance, Social Disclosure, and Economic Performance of US Firms
    Ullmann, A.

You’re reading a free preview. Subscribe to read the entire article.

Try 2 weeks free now

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

or browse the journals available

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$499/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

Sign up
for free
Start 14 day
Free Trial