Corporate social responsibility: stakeholder determination and reporting

Adams, K 2011, Corporate social responsibility: stakeholder determination and reporting, Doctor of Philosophy (PhD), Accounting, RMIT University.


Document type: Thesis
Collection: Theses

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Title Corporate social responsibility: stakeholder determination and reporting
Author(s) Adams, K
Year 2011
Abstract Corporate social responsibility suggests that business cannot be separated from societal issues such as community and environment and leads to the basic premise that a company is responsible, not only to maximise profits, but also to contribute to the well-being of society. The traditional view that the role of corporations and businesses in society is to maximise the wealth of its shareholders is, or has, become too restrictive. There is evidence to support the notion that corporations are considered to be members of society and as such have social responsibility. The purpose of this study is to identify corporate stakeholders, motivations for providing social reports and to determine whether or not the current financial reporting regime that focuses on mostly economic information is capable of capturing the social impact of corporate operations in Australia from a preparer’s perspective. These objectives have been achieved via a postal questionnaire of 109 respondents from the top 500 largest Australian companies and subsequent interviews of ten selected respondents. The analysis shows that the identification of stakeholders and reporting of social information are important. The survey also shows that employees (product generators) are considered to be the most important group, followed by shareholders (fund generators). The principal motivations for providing social information are: recognition of stakeholders’ right to be informed; the need for social responsibility, obligation and accountability to the society; and the need for being transparent to the broader constituency. The analysis also shows that social reporting is seen to be complementary rather than a substitute for traditional financial reporting and underscores the limited relevance of conventional financial reports for conveying information about corporate social responsibility obligations in all their manifestations.
Degree Doctor of Philosophy (PhD)
Institution RMIT University
School, Department or Centre Accounting
Keyword(s) Corporate social responsibility
stakeholders
social reporting
limitations of traditional financial reporting
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Created: Mon, 27 Feb 2012, 13:26:32 EST by Guy Aron
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