The Role of XBRL on EMAS Reporting: An Analysis of Organisational Values Compatibility

Muñoz Francisco Flores (), Valentinetti Diego (), Rodríguez María Mora () and Nieto Ángel Mena ()
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Muñoz Francisco Flores: Department of Economics, University of La Laguna, Spain
Valentinetti Diego: Department of Economics, Università degli studi “G. d’Annunzio” di Chieti-Pescara, Italy
Rodríguez María Mora: Carbon Disclosure Project, United Kingdom
Nieto Ángel Mena: Project Management and Environmental Management Systems, University of Huelva, Spain

Scientific Annals of Economics and Business, 2018, vol. 65, issue 4, 497-514

Abstract: This paper proposes a measurement method for assessing the extent to which the XBRL digital standard eXtensible Business Reporting Language can assist firms in implementing their reporting when applying EMAS The EU Eco-Management and Audit Scheme. A specific survey based on the work of (Bunker et al., 2007), which uses Value Compatibility, was carried out at the most important firms in Southern Spain. Different sectors were involved in the study: public hospital, copper manufacturing facilities, petrochemical plant and pulp and renewable energy production. The results reveal some concordances between EMAS using XBRL as a reporting technology, and the cultural, organisational and technical working environment of the analysed firms, specifically those related to the Structural Dimension. By contrast, some discordance is highlighted related to the Practical Dimension. The paper proposes for the first time the application of the global financial standard XBRL for a non financial purpose like the widely accepted EMAS, to actual potential uses in real scenarios. The empirical research combined heavy industry with services, privately owned firms with public entities, private and public sector, in the analysis of this technology. The paper represents a necessary landmark for a subsequent longitudinal study.

Keywords: EMAS; XBRL; environmental reporting; digital reporting; value compatibility; industrial firms (search for similar items in EconPapers)
JEL-codes: D8 M14 M15 M41 M48 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:65:y:2018:i:4:p:497-514:n:3

DOI: 10.2478/saeb-2018-0025

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