Journal of Finance and Accounting
Volume 7, Issue 3, May 2019, Pages: 76-87
Received: May 17, 2019;
Accepted: Jun. 17, 2019;
Published: Jun. 27, 2019
Views 228 Downloads 71
Bita Mashayekhi, Department of Accounting, Faculty of Management, University of Tehran, Tehran, Iran
Hossein Shaker Taheri, Department of Accounting, Faculty of Management and Accounting, Islamic Azad University-Islamshahr, Tehran, Iran
Mehdi Momeni Taheri, Department of Accounting, Faculty of Management and Accounting, Islamic Azad University-Islamshahr, Tehran, Iran
Today, the issue of corporate sustainability is noted both in academic literature and in the business environment, and there are many companies and organizations that want to make their operations sustainable and communicate different dimensions of sustainability in their business to stakeholders through sustainability reporting. This paper seeks to provide a framework for corporate sustainability reporting by reviewing existing literature on sustainability reporting, taking into account the expertise of domestic experts, to provide a roadmap for developing corporate sustainability reports in Iran. The statistical population of this study includes professionals and academics, including university teachers and post- graduate students in business majors. Our sample was determined via judgment sampling and data was obtained through 119 designed questionnaires. The results of this research is summarized in a Corporate Sustainability Reporting Framework for Iran, which is developed based on Seven research questions related to preparers of sustainability reports; determinants of sustainability reporting; the content of sustainability reports; corporate governance mechanisms necessary for sustainability reporting; challenges and risks with regard to sustainability reporting; benefits of sustainability reports; and assurance of sustainability reports.
Hossein Shaker Taheri,
Mehdi Momeni Taheri,
A Survey on Corporate Sustainability Reporting: The Case of Iran, Journal of Finance and Accounting.
Vol. 7, No. 3,
2019, pp. 76-87.
Dyllick, T., Hockerts, K., 2002. Beyond the business case for corporate sustainability. Business Strategy and The Environment 11, 130-141.
Rezaee, Z. (2016). Business sustainability research: A theoretical and integrated perspective. Journal of Accounting Literature, 36, 48-64.
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research. Journal of cleaner production, 59, 5-21.
McNally, M. A., Cerbone, D., & Maroun, W. (2017). Exploring the challenges of preparing an integrated report. Meditari Accountancy Research, 25 (4), 481-504.
KPMG (2011), “KPMG international survey of corporate responsibility reporting”, available at: www.kpmg.com/PT/pt/IssuesAndInsights/Documents/corporate-responsibility2011.pdf (accessed 29September 2014).
KPMG (2013), “The KPMG survey of corporate responsibility reporting”, available at: www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/corporate-responsibility/Documents/corporate-responsibility-reporting-survey-2013-exec-summary.pdf (accessed 1 October 2014).
Sierra, L., Zorio, A. and Garcia-Benau, M. A. (2013), “Sustainable development and assurance of corporate social responsibility reports published by Ibex-35 companies”, Corporate Social Responsibility and Environmental Management, Vol. 20 No. 6, pp. 359-370.
Simnett, R., Vanstraelen, A., & Chua, W. F. (2009). Assurance on general purpose non-financial reports: an international comparison. The Accounting Review, 84 (3), 937–967.
Zorio, A., Garcia-Benau, M. A. and Sierra, L. (2013), “Sustainable development and the quality of assurance reports: empirical evidence”, Business Strategy and the Environment, Vol. 22 No. 7, pp. 484-500.
Cho, C. H., Laine, M., Roberts, R. W. & Rodrigue, M. (2015). Organized hypocrisy, organizational façades, and sustainability reporting. Accounting, Organizations and Society, 40 (0), 78-94.
Fakhari H, Malekian E, Jafaei Rahni M. (2018). Explaining and Ranking of the Components and Indicators of Environmental, Social and Corporate Governance Reporting by Analytic Hierarchy Process in the Companies Listed in Stock Exchange. Iranian Journal of value and behavioral accounting. 2 (4): 153-187. (in Persian)
Masoumi, S. R., Salehnejad, S. H., Zabihi Zarin Kalayee, A. (2018). Identifying the variables affecting the sustainability reporting of listed companies in Tehran Stock Exchange. Journal of Audit Science. 18 (70): 195-22 (in Persian)
Mahdavi, G. H., Abbas Ali Daryaei, A. A., Alikhani, R., and Maranjory, M. (2015). The Relation of Firm Size, Industry Type and Profitability to Social and Environmental Information Disclosure. Journal of Empirical Research in Accounting. 4 (3): 87-103. doi: 10.22051/jera.2015.1994 (in Persian)
Fortanier, F., Kolk, A., Pinkse, J., (2011). Harmonization in CSR reporting: MNEs and global CSR standards. Management International Review 51, 665-696.
Gallo, P. J., Jones Christensen, L., (2011). Firm size matters: an empirical investigation of organizational size and ownership on sustainability-related behaviors. Business & Society 50, 315-349.
Cormier, D., Magnan, M., (2003). Environmental reporting management: a continental European perspective. Journal of Accounting and Public Policy 22, 43-62.
Haniffa, R., Cooke, T. E., (2005). The impact of culture and governance on corporate social reporting. Journal of Accounting and Public Policy 24, 391-430.
Kent, P., Monem, R., (2008). What drives TBL reporting: good governance or threat to legitimacy? Australian Accounting Review 18, 297-309.
Haddock, J., (2005). Consumer influence on internet-based corporate communication of environmental activities: the UK food sector. British Food Journal 107 (10): 792-805.
Parsa, S., Kouhy, R., (2008). Social reporting by companies listed on the alternative investment market. Journal of Business Ethics 79, 345-360.
Sotorrío, L. L., Sánchez, J. L. F., 2010. Corporate social reporting for different audiences: the case of multinational corporations in Spain. Corporate Social Responsibility and Environmental Management 17, 272-283.
Golob, U., Bartlett, J. L., (2007). Communicating about corporate social responsibility: a comparative study of CSR reporting in Australia and Slovenia. Public Relations Review 33, 1-9.
Adams, C. A. and Evans, R. (2004), “Accountability, completeness, credibility and the audit expectations gap”, The Journal of Corporate Citizenship, Vol. 14 No. 1, pp. 97-115.
Park, J. and Brorson, T. (2005), Experiences of and views on third party assurance of corporate environmental and sustainability reports, Journal of Cleaner Production, Vol. 13 No. 10, pp. 1095-1106.
Sawani, Y., Zain, M. M. and Darus, F. (2010), “Preliminary insights on sustainability reporting and assurance practices in Malaysia”, Social Responsibility Journal, Vol. 6 No. 4, pp. 627-645.
Mashayekhi, B. and Jalali, F. (2018). A Qualitative Study on the Vicious Cycle of Internal Audit Function in Iran. AFAANZ (Accounting and Finance Association of Australia and New Zealand) Conference, Auckland.
Solomon, A. & Lewis, L. 2002. Incentives and disincentives for corporate environmental disclosure. Business Strategy and the Environment, 11 (3), 154-169.