TITLE

Disclosure responses to mining accidents: South African evidence

AUTHOR(S)
Coetzee, Charmaine M.; van Staden, Chris J.
PUB. DATE
December 2011
SOURCE
Accounting Forum;Dec2011, Vol. 35 Issue 4, p232
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Abstract: Mining activities generate significant social concerns in terms of employee safety and stakeholder scrutiny has increased considerably in recent years. Social and environmental accounting research is largely dedicated to environmental issues and the study of other components of social accounting is limited. This study examines safety disclosures in the annual reports, sustainability reports, and reactive corporate press releases of South African mining organisations following two major mining accidents occurring at Harmony Gold and Gold Fields’ mines. Results show that organisations react to perceived legitimacy threats through increased safety disclosures. The entire mining industry evidences an increase in disclosure levels after the incidents, suggesting that organisations do respond to increased stakeholder scrutiny threatening their legitimacy. Furthermore, our results provide evidence of an association between safety disclosure levels and firm size, social performance, risk, and number of fatalities, while the media attention devoted to mining accidents appears to be unrelated to safety disclosure levels. It is possible that stakeholder pressure, which motivates corporate social disclosures according to legitimacy and stakeholder theories, consists of various factors, which combined form the motivation to report. Media attention, therefore, cannot be considered in isolation as a driver of disclosure. Rather, a combination of variables such as size, social responsibility performance, number of fatalities, risk, and media attention could serve as a proxy for social pressure.
ACCESSION #
86453761

 

Related Articles

  • How to Report a Company's Sustainability Activities. White, Gwendolen B. // Management Accounting Quarterly;Autumn2005, Vol. 7 Issue 1, p36 

    The article explores the emergence of sustainability reporting which can be used by management accountants and external decision makers as a source of economic, environmental and social information. The consideration of sustainability reporting by the investment community in the 1990s is...

  • Sustainability Reporting: Green Is The New Black -- Pass It On.  // PR News;10/1/2007, Vol. 63 Issue 38, p1 

    The article presents information on sustainability reporting. It is the practice of publicly reporting financial and non-financial information to key stakeholders on the operational, social and environmental activities of a company. The environmental reports issues by chemical companies, many of...

  • Seeking Stakeholder-Centric Sustainability Assurance. O'Dwyer, Brendan; Owen, David // Journal of Corporate Citizenship;Spring2007, Issue 25, p77 

    The recent growth in so-called sustainability reporting worldwide has been accompanied by a commensurate increase in assurance provision concerning the content of these reports. This paper extends an emerging stream of research examining evolving sustainability assurance statement practice. It...

  • The Organizational and Operational Boundaries of Triple Bottom Line Reporting: A Survey. Archel, Pablo; Fernández, Manuel; Larrinaga, Carlos // Environmental Management;Jan2008, Vol. 41 Issue 1, p106 

    This article responds to Gray’s () call for normative research on social and environmental accounting (SEA) and Parker’s () call for active engagement in the process of designing SEA systems. More specifically, our investigation focuses on the study of boundary setting for triple...

  • IFAC Considers Sustainability Reporting Guidelines. Whitley, J. // Internal Auditor;Apr2006, Vol. 63 Issue 2, p21 

    Focuses on a consultation paper from the International Federation of Accountants which addresses the increased focus on social and environmental accountability worldwide. Basis for reporting sustainability performance by organizations worldwide; Components of the consultation paper; Factors to...

  • CONSTRUCTING NEW ACCOUNTANTS: THE ROLE OF SUSTAINABILITY EDUCATION. Chulián, Manuel Fernández // Revista de Contabilidad - Spanish Accounting Review;2011, Vol. 14 Issue 2, p241 

    This paper aims to analyse the role of integrated indicators included in sustainability reporting initiatives in exhibiting business contribution to Sustainable Development. Content analysis of five core initiatives has been carried out to identify strong or weak sustainability arguments within...

  • Poor report card. Andrews, Bruce // BRW;5/5/2005, Vol. 27 Issue 17, p73 

    Cites the result of a survey pertaining to the reporting of the environmental and social effects of a company. Comparison of Australia's voluntary sustainability reports with Japan and Great Britain; Implications of the proposed inclusion of sustainability-reporting in the annual reports of...

  • Social and Environmental Accounting Research: The Way Forward. ABDALLA, YOUSIF ABDELBAGI; SITI-NABIHA, A. K.; SHAHBUDIN, AMIRUL SHAH MD // International Journal of Economics & Management;Dec2014, Vol. 8 Issue 2, p365 

    Achieving economic efficiency is a necessary, but not a singular, requirement of business sustainability. Stakeholders demand business organisations are socially and environmentally responsible, and balancing financial performance and corporate sustainability are considered a major challenge in...

  • Visual disclosure strategies adopted by more and less sustainability-driven companies. Hrasky, Sue // Accounting Forum;Sep2012, Vol. 36 Issue 3, p154 

    Abstract: Graph use in annual reports is well documented, and research into photographs is gaining momentum, but less is known about their use in sustainability reports. This research analyses graph and photograph use in sustainability reports of more and less sustainability-driven companies. It...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics