Environmental expenditure disclosure strategies in a regulated context

Stratégies de publication des dépenses environnementales dans un cadre réglementaire

Florence Depoers () and Tiphaine Jérôme ()
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Florence Depoers: CEROS - Centre d'Etudes et de Recherches sur les Organisations et la Stratégie - UPN - Université Paris Nanterre
Tiphaine Jérôme: FHNW - Fachhochschule Nordwestschweiz [Windisch, Schweiz] = FHNW University of Applied Sciences and Arts Northwestern Switzerland

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Abstract: Environmental expenditures (EE) are used to assess and monitor corporate environmental performance. Legislators are aware of the informative potential of this indicator, and listed firms are required to disclose their EE. Our research draws on legitimacy theory to identify and explain the strategic responses of a sample of French listed companies to the requirement to disclose this item. A content analysis identifies three different strategies: no response, a "facade" response, and a substantive response. Tests reveal several determinants of these strategies: environmental criticism, the existence of SRI shareholders, and the business sector. Our research contributes to both academic and regulatory debates on standardization of environmental disclosures, by revealing and explaining how firms behave in response to the law.

Keywords: ENVIRONMENTAL EXPENDITURES; LEGITIMACY; STRATEGY – CORPORATE DISCLOSURE – LAW - MEDIA COVERAGE – SRI SHAREHOLDERS – CORPORATE SOCIAL RESPONSIBILITY- ENVIRONMENTAL INFORMATION; DÉPENSES ENVIRONNEMENTALES; LÉGITIMITÉ; STRATÉGIE; PUBLICATION; LOI; VISIBILITE MEDIATIQUE; INESTISSEMENT SOCIALEMENT RESPONSABLE; RESPONSABILITE SOCIALE DE L’ENTREPRISE; INFORMATION ENVIRONNEMENTALE (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-agr, nep-hme, nep-reg and nep-res
Note: View the original document on HAL open archive server: https://hal.science/hal-01576195v1
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Citations: View citations in EconPapers (2)

Published in Comptabilité Contrôle Audit / Accounting Auditing Control, 2017

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01576195

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