Work

The Drivers of Corporate Water Disclosure in Enhancing Information Transparency

Year: 2020

Type: article

Abstract: This paper explores drivers of corporate water disclosure (CWD) from an aspect of accountability. Based on legitimacy theory and stakeholder theory, we propose six potential drivers of CWD. First, this paper uses an independent sample t-test to analyze differences in CWD among US firms. Later, potential drivers on CWD were identified using ordinal logit regression. These hypotheses posit that debt ratio, blockholders’ ownership ratio, inclusion in a capital market index (i.e., S&P500), and the status of belonging to a water-sensitive industry (WSensi) all have a positive effect on CWD. However, the relations of firm size and profitability on CWD are insignificant. This suggests that the supervision of blockholders and creditors can effectively improve the transparency of CWD.

Source: Sustainability

DOI: 10.3390/su12010385

Authors: Hui-Cheng Yu, Lopin Kuo, Beiling Ma

Institutions: Fuzhou University of International Studies and Trade, Tamkang University, Hunan University of Technology and Business

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Clean water and sanitation, Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $1,901