Impact of a new accounting standard on social and environmental mandatory reporting in financial statements: The case of largest companies in Gipuzkoa (2007-2008)

Nagore Aranguren Gómez, Elena Ochoa Laburu and Juan Luis Ochoa Laburu
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Nagore Aranguren Gómez: Universidad de Deusto
Elena Ochoa Laburu: Universidad de Deusto
Juan Luis Ochoa Laburu: Universidad de Deusto

EKONOMIAZ. Revista vasca de Economía, 2013, vol. 84, issue 03, 320-345

Abstract: This paper sets out to analyze the disclosure of mandatory social and environmental information by a sample of large companies in Gipuzkoa after the new accounting standard «Plan General Contable 2007» was issued and came into force in Spain in 2008. The objective of this study is to explore the impact of the new standard in the disclosure of mandatory social and environmental information. To that end the content analysis of the annual reports for 2007 and 2008 was carried out and two disclosure indexes were developed. Results evidence a high level of compliance with the standard but low quality information. Companies under study seem to respond to changes in the regulatory framework accepting it but in many cases only symbolically.

Keywords: corporate social responsibility; mandatory information; content analysis; Plan General Contable 2007 (search for similar items in EconPapers)
JEL-codes: M14 M41 (search for similar items in EconPapers)
Date: 2013
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