Sustainability Indicators: Information Asymmetry Mitigators between Cooperative Organizations and Their Primary Stakeholders

Clea Beatriz Macagnan and Rosane Maria Seibert
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Clea Beatriz Macagnan: Finance and Accounting Graduate Program, Universidade do Rio dos Sinos, São Leopoldo 93022-750, RS, Brazil
Rosane Maria Seibert: Strategic Organization Management Program, Universidade Regional Integrada do Alto Uruguai e das Missões, Santo Ângelo 98802-470, RS, Brazil

Sustainability, 2021, vol. 13, issue 15, 1-16

Abstract: The research aims to identify indicators of representative information on sustainability from the cooperative organizations’ primary stakeholders’ perspective to mitigate information asymmetry. The study develops in seven stages: the primary stakeholders’ selection and training; the evidence survey; the triangulation between stakeholder responses, forming an indicators list; the indicators analysis by specialists; tests for indicators disclosure; and the indicators validation through the disclosure analysis. As a result, a list contains 61 sustainability indicators from the primary stakeholders’ perspective, in four pillars: economic, 20; social, 18; environmental, 13; and cultural, 10. With the cooperative organizations’ websites disclosure analysis, we found that the disclosure policies focus more on information asymmetry mitigating in the pillars: cultural and social, with the environmental and economic being neglected. Therefore, the procedures for disclosing information on sustainability have weaknesses. These policies reduce the primary stakeholders’ reliability about the cooperatives management system respective, limiting the primary stakeholders’ perspective on the cooperative organization value.

Keywords: disclosure indicators; sustainability information; stakeholders; non-profit organizations (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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