Petra F A Dilling | SUNY: Empire State College (original) (raw)

Papers by Petra F A Dilling

Research paper thumbnail of The Impact of Corporate Characteristics on Climate Governance Disclosure

Sustainability, Feb 27, 2024

Research paper thumbnail of Case Study: Consolidated Balance Sheet At Date Of Purchase

Journal of Business Case Studies, Dec 27, 2016

Research paper thumbnail of Communication of Corporate Social Responsibility Information on Canadian Corporate Webpages

The International Journal of Sustainability Policy and Practice, 2013

Research paper thumbnail of Stakeholder Perception Of Corporate Social Responsibility

International Journal of Management and Marketing Research, 2011

Research paper thumbnail of Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency

Economics Research International, Jan 11, 2012

A shareholder theory of firm and a stakeholder theory of firm may differ in their respective eval... more A shareholder theory of firm and a stakeholder theory of firm may differ in their respective evaluation method of firm performance. Both theories however recognize the importance of value creation as the economic role of firms as institutions. The New Institutional Economics (NIE) emphasizes incentives alignment, while also viewing stakeholder engagements as methods to expand the boundaries of firms. The difference in performance evaluation between the two approaches can be reduced if stakeholders, while formulating incentive alignment, also evaluate the mechanisms of establishing a common currency value. The concomitant development of stakeholder engagement, incentive alignment, and value currency creation is argued to be an evolutionary process with the efficiency implications of the two theories tending to converge.

Research paper thumbnail of Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies

Sustainability, Sep 14, 2016

This study empirically analyzes reporting on long-term value creation for Canadian public mining ... more This study empirically analyzes reporting on long-term value creation for Canadian public mining and energy companies. It represents an important first step in determining the quality of reporting and its determinants for large public companies. In this exploratory empirical study, a reporting quality scoring index was developed to measure disclosure quality of long-term value creation reporting. Content analysis was used to examine financial and sustainability reports for a sample of twenty Canadian public mining and energy companies. Corporate disclosure quality scores were then calculated by assessing the quality of reporting in four main categories. The findings suggest that overall disclosure quality on long-term value creation is still low. Companies disclosing higher quality information on long-term value creation are of bigger size, operate in the basic materials sector, have an independent board, are listed in the Dow Jones Sustainability Index, experience higher stock volatility and use more words related to long-term value creation in their annual financial and non-financial reports. In order to increase and restore stakeholder trust and credibility as well as a tool to maintain stability, it is strongly recommended to introduce adequate mandatory standardization resulting in a set of internationally recognized reporting standards as well as a requirement for external assurance of reports.

Research paper thumbnail of Reporting on long-term value creation by Canadian companies: A longitudinal assessment

Journal of Cleaner Production, Aug 1, 2018

In the wake of the global financial crisis, a new wave of stakeholder demands has developed calli... more In the wake of the global financial crisis, a new wave of stakeholder demands has developed calling on companies to shift focus towards long-term value creation and moving away from a short-term earnings emphasis. Aligned with these demands, urgent calls for more transparency and improved reporting on both financial as well as non-financial reports have been made. The objective of this study was to analyze longitudinal disclosure quality and quantity trends in reporting on long-term value creation of 19 publicly traded Canadian energy and mining companies. Content analysis was conducted in order to assess disclosure on long-term value creation in annual financial and sustainability reports. The empirical results show that the companies experienced a substantial increase in the reporting disclosure quality and quantity. This was true for both disclosure in the annual financial reports as well as in the sustainability reports. These results supported the hypotheses that Canadian public energy and mining companies had increased their quantity and quality of long-term value creation disclosure in 2014 as compared to 2012. Even though increases in disclosure quality could be observed (especially in the areas of governance, responsible work practices, outside relationships and risk management), overall disclosure quality (especially in areas such as connectivity between financials and sustainability sections, materiality analysis, projects with high climate risk exposure, cost of energy, responsible work practices, incentives and remuneration) were still at a low level. Therefore, recommendations were developed to introduce globally accepted reporting standards and an external assurance framework in order to restore and sustain stakeholder confidence and trust. In the short-term, a collaborative approach of reporting framework development was proposed while in the long run, mandatory implementation of global standards and assurance is urgently recommended. This early mover study contributes to the existing literature by providing a first of its kind longitudinal analysis of quality and quantity of long-term value creation reporting for publicly listed Canadian companies in the mining and energy industry sector.

Research paper thumbnail of Determinants of Companies that Disclose High-Quality Integrated Reports

Sustainability, Jul 9, 2019

Integrated reporting is becoming increasingly popular. The focus of this study was to assess the ... more Integrated reporting is becoming increasingly popular. The focus of this study was to assess the overall integrated reporting quality of global companies and find determinants of high-level integrated reporting. Qualitative text analysis was performed on the 2017 integrated reports of 110 global organizations to determine in what way companies report on specific topics related to the six capitals: social and relationship, human, intellectual, manufacturing, natural, and financial. Using a novel assessment technique, scores were then assigned according to the details provided in the integrated reports on the various topics. This was done for each form of capital, and the total integrated score was subsequently calculated as the average between all the capital scores. Finally, a regression analysis was performed to determine the characteristics of high-quality integrated reporters. The results of univariate analysis and two-stage least squares instrumental variable (2SLS) regression indicate that companies of a larger size with a higher female board ratio and listing in the International Integrated Reporting Committee (IIRC) examples database are more likely to publish a higher quality integrated report. The results imply that these variables are the main disclosure drivers. However, a significant negative correlation was found between integrated report quality and the variables related to female executive ratio, external board member ratio, profitability, leverage, and previous report experience, as well as report length. No significant association was found between the location and industry group and report quality. The empirical evidence of this study shows that even though integrated reporting has become more common overall, the comparability and quality of the reports still remain low.

Research paper thumbnail of Sustainability Reporting In A Global Context: What Are The Characteristics Of Corporations That Provide High Quality Sustainability Reports An Empirical Analysis

International Business & Economics Research Journal, Dec 18, 2010

Over the last years, sustainable development has become one of the major issues that all global o... more Over the last years, sustainable development has become one of the major issues that all global organizations are facing. The Global Reporting Initiative, located in the Netherlands and considered the leading authority worldwide , has developed what is currently considered the "common framework for sustainability reporting". The latest version of their reporting guidelines called G3 contains detailed instructions and standards on how to prepare sustainability reports. By using G3 guidelines, corporations show a strong commitment of continuous improvement of their sustainability reporting practices. The G3 guidelines are increasingly adopted by many global corporations and organizations. At present, more than 700 organizations voluntarily publish a sustainability report according to G3 guidelines. For the first time, this empirical study investigates if the better performing and/or governed corporations prepare their sustainability reports according to the G3 guidelines. The goal of this study is to determine if there are significant differences with regard to size, financial performance, capital structure, and corporate governance between firms that publish a G3 sustainability report to those that don't. Therefore, quantitative and qualitative variables of 124 randomly selected G3 reporting and non-G3 reporting corporations from 25 countries were analyzed. The results of this analysis show that corporations with the characteristics of being located in Europe, and/or being active in the energy or producing sector, and/or with a higher profit margin are more likely to produce high quality sustainability reports. Corporations with a higher long-term growth rate, on the other hand, are less likely to produce sustainability reports. The results of this unique study contribute directly to the knowledge of corporations providing voluntary CSR information in form of quality sustainability reports and the importance of the development of globally accepted sustainability reporting standards.

Research paper thumbnail of Climate Change and Corporate Governance – Did We Get It All Wrong?

The objective of this study was to identify the factors determining a company’s corporate governa... more The objective of this study was to identify the factors determining a company’s corporate governance related to climate change. We analyzed the effect of various sustainability corporate governance variables on the disclosure level of climate change governance. These variables included facts such as having a dedicated sustainability executive and board committee, the mediating effect of female representation on the board of directors, number of reporting years according to TCFD, membership in a sustainability index, MSCI ESG rating, the existence of a corporate climate transition plan, a mention of the UN Global Compact and GRI, company location, as well as company size and profitability. By adopting a multi-theoretical framework that included stakeholder theory as well the legitimacy and agency theory, the underlying research study used a sample of 100 of the largest global companies by market capitalization and their reporting for the year 2020. Based on 1,400 observations for fis...

Research paper thumbnail of Sustainability Reporting In A Global Context: What Are The Characteristics Of Corporations That Provide High Quality Sustainability Reports An Empirical Analysis

International Business & Economics Research Journal (IBER), 2010

Over the last years, sustainable development has become one of the major issues that all global o... more Over the last years, sustainable development has become one of the major issues that all global organizations are facing. The Global Reporting Initiative, located in the Netherlands and considered the leading authority world-wide, has developed what is currently considered the “common framework for sustainability reporting”. The latest version of their reporting guidelines called G3 contains detailed instructions and standards on how to prepare sustainability reports. By using G3 guidelines, corporations show a strong commitment of continuous improvement of their sustainability reporting practices. The G3 guidelines are increasingly adopted by many global corporations and organizations. At present, more than 700 organizations voluntarily publish a sustainability report according to G3 guidelines. For the first time, this empirical study investigates if the better performing and/or governed corporations prepare their sustainability reports according to the G3 guidelines. The goal of ...

Research paper thumbnail of 继承协调 发展进步--记中山纪念中学总体扩建规划设计

Research paper thumbnail of Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency

Economics Research International, 2012

A shareholder theory of firm and a stakeholder theory of firm may differ in their respective eval... more A shareholder theory of firm and a stakeholder theory of firm may differ in their respective evaluation method of firm performance. Both theories however recognize the importance of value creation as the economic role of firms as institutions. The New Institutional Economics (NIE) emphasizes incentives alignment, while also viewing stakeholder engagements as methods to expand the boundaries of firms. The difference in performance evaluation between the two approaches can be reduced if stakeholders, while formulating incentive alignment, also evaluate the mechanisms of establishing a common currency value. The concomitant development of stakeholder engagement, incentive alignment, and value currency creation is argued to be an evolutionary process with the efficiency implications of the two theories tending to converge.

Research paper thumbnail of Stakeholder Perception of Corporate Social Responsibility

O&M: Firms & Other Social Institutions eJournal, 2011

As corporate social responsibility receives increased attention by company stakeholders, research... more As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores the link between stakeholder perception of corporate social responsibility and its relationship with underlying factors. The findings suggest that age of the corporation, community involvement, and cultural diversity have a significant influence on corporate social responsibility perception by stakeholders. Another importance is issue is the existence of a published corporate social responsibility or sustainability report. No significant results were found for the sustainable use of natural resources and Dow Jones Sustainability Index inclusion. The study concludes with recommendations for corporations on how they can enhance perception of corporate social responsibility by stakeholders.

Research paper thumbnail of Long-Term Value Creation, Corporate Social Responsibility and Integrated Reporting the Example of Canadian Mining and Energy Companies

As companies are increasingly focusing on corporate social responsibility (CSR) they are also dis... more As companies are increasingly focusing on corporate social responsibility (CSR) they are also disclosing more information on the linkage between their company’s vision, strategy, and long-term value creation in the context of their external environment. Many of the company stakeholders are now more than ever paying close attention to the financial and non-financial performance from a short, medium and long term perspective. As a first of its kind, this paper provides an in depth analysis of the current state of sustainability and integrated reporting of Canadian public mining and energy companies. Therefore, the financial reports and the sustainability reports for a sample of Canadian public mining and energy companies are analysed. The empirical results of a thorough quantitative and qualitative content analysis show that there is much room for improvement for reporting on long-term value creation for Canadian mining companies. Information gaps were uncovered for various assessment...

Research paper thumbnail of Stakeholder Perception of Corporate Social Responsibility

As corporate social responsibility receives increased attention by company stakeholders, research... more As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores the link between stakeholder perception of corporate social responsibility and its relationship with underlying factors. The findings suggest that age of the corporation, community involvement, and cultural diversity have a significant influence on corporate social responsibility perception by stakeholders. Another importance is issue is the existence of a published corporate social responsibility or sustainability report. No significant results were found for the sustainable use of natural resources and Dow Jones Sustainability Index inclusion. The study concludes with recommendations for corporations on how they can enhance perception of corporate social responsibility by stakeholders.

Research paper thumbnail of Reporting on long-term value creation by Canadian companies: A longitudinal assessment

Journal of Cleaner Production

Research paper thumbnail of Case Study: Consolidated Balance Sheet At Date Of Purchase

Journal of Business Case Studies (JBCS), 2016

Consolidated financial statements have gained great popularity over the last decade with the resu... more Consolidated financial statements have gained great popularity over the last decade with the resurrection of acquisitions and the increased global expansion of business. This case study provides an actual case study of the preparation and presentation of a Consolidated Balance Sheet on the date of acquisition. An in-depth analysis is provided as to how to value the acquired entity, how to calculate Goodwill and how to measure the Non-Controlling interest portion. Work paper and adjusting entries are also highlighted to help facilitate the consolidation process.

Research paper thumbnail of Communication of Corporate Social Responsibility Information on Canadian Corporate Webpages

The International Journal of Sustainability Policy and Practice, 2013

Research paper thumbnail of The effect of the inclusion to the Dow Jones Sustainability World Index on Firm value - an empirical event study

This study adds new insights to the ongoing debate on corporate social sustainability and financi... more This study adds new insights to the ongoing debate on corporate social sustainability and financial performance by providing empirical evidence on stock price reaction to the announcement of first time additions of corporations to the Dow Jones Sustainability World Index (DJSI World). As the first global study of its kind, the investor reaction to the index inclusion announcement of a sample of 116 listed corporations is analysed over a time frame of several years. The results from our event study show that, in the year 2002, the market reacts positively to the first time announcement of a corporation being added to the DJSI World. The reaction becomes increasingly less in the years thereafter. In 2002, we find evidence of significant abnormal returns of 2.0% on the index inclusion announcement day. In all of the years between 2002 and 2005, significant cumulative abnormal returns during the time period around the announcement day could be observed. The declining and even negative market reaction to the DJSI World inclusion announcement for the years 2004 and 2005 represents a somewhat unexpected result that stands in stark contrast to the assumed growing importance of corporate social responsibility (CSR). We find no difference in investor reaction to the announcement of DJSI World inclusion for different countries. However, a significant difference in market reaction can be found for corporations in different industries. More specifically, we report that the share prices of corporations in the consumer product, healthcare, technology, and utilities industry seem to react more positively to the DJSI World inclusion announcement than the share prices of corporations in the basic material, financial, and industrial product industry. The results suggest that the overflow of CSR information makes it difficult for investors and other stakeholders to absorb the information and to determine the quality of CSR reporting. Standardized and audited regulation on CSR reporting would remedy this and is recommended.

Research paper thumbnail of The Impact of Corporate Characteristics on Climate Governance Disclosure

Sustainability, Feb 27, 2024

Research paper thumbnail of Case Study: Consolidated Balance Sheet At Date Of Purchase

Journal of Business Case Studies, Dec 27, 2016

Research paper thumbnail of Communication of Corporate Social Responsibility Information on Canadian Corporate Webpages

The International Journal of Sustainability Policy and Practice, 2013

Research paper thumbnail of Stakeholder Perception Of Corporate Social Responsibility

International Journal of Management and Marketing Research, 2011

Research paper thumbnail of Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency

Economics Research International, Jan 11, 2012

A shareholder theory of firm and a stakeholder theory of firm may differ in their respective eval... more A shareholder theory of firm and a stakeholder theory of firm may differ in their respective evaluation method of firm performance. Both theories however recognize the importance of value creation as the economic role of firms as institutions. The New Institutional Economics (NIE) emphasizes incentives alignment, while also viewing stakeholder engagements as methods to expand the boundaries of firms. The difference in performance evaluation between the two approaches can be reduced if stakeholders, while formulating incentive alignment, also evaluate the mechanisms of establishing a common currency value. The concomitant development of stakeholder engagement, incentive alignment, and value currency creation is argued to be an evolutionary process with the efficiency implications of the two theories tending to converge.

Research paper thumbnail of Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies

Sustainability, Sep 14, 2016

This study empirically analyzes reporting on long-term value creation for Canadian public mining ... more This study empirically analyzes reporting on long-term value creation for Canadian public mining and energy companies. It represents an important first step in determining the quality of reporting and its determinants for large public companies. In this exploratory empirical study, a reporting quality scoring index was developed to measure disclosure quality of long-term value creation reporting. Content analysis was used to examine financial and sustainability reports for a sample of twenty Canadian public mining and energy companies. Corporate disclosure quality scores were then calculated by assessing the quality of reporting in four main categories. The findings suggest that overall disclosure quality on long-term value creation is still low. Companies disclosing higher quality information on long-term value creation are of bigger size, operate in the basic materials sector, have an independent board, are listed in the Dow Jones Sustainability Index, experience higher stock volatility and use more words related to long-term value creation in their annual financial and non-financial reports. In order to increase and restore stakeholder trust and credibility as well as a tool to maintain stability, it is strongly recommended to introduce adequate mandatory standardization resulting in a set of internationally recognized reporting standards as well as a requirement for external assurance of reports.

Research paper thumbnail of Reporting on long-term value creation by Canadian companies: A longitudinal assessment

Journal of Cleaner Production, Aug 1, 2018

In the wake of the global financial crisis, a new wave of stakeholder demands has developed calli... more In the wake of the global financial crisis, a new wave of stakeholder demands has developed calling on companies to shift focus towards long-term value creation and moving away from a short-term earnings emphasis. Aligned with these demands, urgent calls for more transparency and improved reporting on both financial as well as non-financial reports have been made. The objective of this study was to analyze longitudinal disclosure quality and quantity trends in reporting on long-term value creation of 19 publicly traded Canadian energy and mining companies. Content analysis was conducted in order to assess disclosure on long-term value creation in annual financial and sustainability reports. The empirical results show that the companies experienced a substantial increase in the reporting disclosure quality and quantity. This was true for both disclosure in the annual financial reports as well as in the sustainability reports. These results supported the hypotheses that Canadian public energy and mining companies had increased their quantity and quality of long-term value creation disclosure in 2014 as compared to 2012. Even though increases in disclosure quality could be observed (especially in the areas of governance, responsible work practices, outside relationships and risk management), overall disclosure quality (especially in areas such as connectivity between financials and sustainability sections, materiality analysis, projects with high climate risk exposure, cost of energy, responsible work practices, incentives and remuneration) were still at a low level. Therefore, recommendations were developed to introduce globally accepted reporting standards and an external assurance framework in order to restore and sustain stakeholder confidence and trust. In the short-term, a collaborative approach of reporting framework development was proposed while in the long run, mandatory implementation of global standards and assurance is urgently recommended. This early mover study contributes to the existing literature by providing a first of its kind longitudinal analysis of quality and quantity of long-term value creation reporting for publicly listed Canadian companies in the mining and energy industry sector.

Research paper thumbnail of Determinants of Companies that Disclose High-Quality Integrated Reports

Sustainability, Jul 9, 2019

Integrated reporting is becoming increasingly popular. The focus of this study was to assess the ... more Integrated reporting is becoming increasingly popular. The focus of this study was to assess the overall integrated reporting quality of global companies and find determinants of high-level integrated reporting. Qualitative text analysis was performed on the 2017 integrated reports of 110 global organizations to determine in what way companies report on specific topics related to the six capitals: social and relationship, human, intellectual, manufacturing, natural, and financial. Using a novel assessment technique, scores were then assigned according to the details provided in the integrated reports on the various topics. This was done for each form of capital, and the total integrated score was subsequently calculated as the average between all the capital scores. Finally, a regression analysis was performed to determine the characteristics of high-quality integrated reporters. The results of univariate analysis and two-stage least squares instrumental variable (2SLS) regression indicate that companies of a larger size with a higher female board ratio and listing in the International Integrated Reporting Committee (IIRC) examples database are more likely to publish a higher quality integrated report. The results imply that these variables are the main disclosure drivers. However, a significant negative correlation was found between integrated report quality and the variables related to female executive ratio, external board member ratio, profitability, leverage, and previous report experience, as well as report length. No significant association was found between the location and industry group and report quality. The empirical evidence of this study shows that even though integrated reporting has become more common overall, the comparability and quality of the reports still remain low.

Research paper thumbnail of Sustainability Reporting In A Global Context: What Are The Characteristics Of Corporations That Provide High Quality Sustainability Reports An Empirical Analysis

International Business & Economics Research Journal, Dec 18, 2010

Over the last years, sustainable development has become one of the major issues that all global o... more Over the last years, sustainable development has become one of the major issues that all global organizations are facing. The Global Reporting Initiative, located in the Netherlands and considered the leading authority worldwide , has developed what is currently considered the "common framework for sustainability reporting". The latest version of their reporting guidelines called G3 contains detailed instructions and standards on how to prepare sustainability reports. By using G3 guidelines, corporations show a strong commitment of continuous improvement of their sustainability reporting practices. The G3 guidelines are increasingly adopted by many global corporations and organizations. At present, more than 700 organizations voluntarily publish a sustainability report according to G3 guidelines. For the first time, this empirical study investigates if the better performing and/or governed corporations prepare their sustainability reports according to the G3 guidelines. The goal of this study is to determine if there are significant differences with regard to size, financial performance, capital structure, and corporate governance between firms that publish a G3 sustainability report to those that don't. Therefore, quantitative and qualitative variables of 124 randomly selected G3 reporting and non-G3 reporting corporations from 25 countries were analyzed. The results of this analysis show that corporations with the characteristics of being located in Europe, and/or being active in the energy or producing sector, and/or with a higher profit margin are more likely to produce high quality sustainability reports. Corporations with a higher long-term growth rate, on the other hand, are less likely to produce sustainability reports. The results of this unique study contribute directly to the knowledge of corporations providing voluntary CSR information in form of quality sustainability reports and the importance of the development of globally accepted sustainability reporting standards.

Research paper thumbnail of Climate Change and Corporate Governance – Did We Get It All Wrong?

The objective of this study was to identify the factors determining a company’s corporate governa... more The objective of this study was to identify the factors determining a company’s corporate governance related to climate change. We analyzed the effect of various sustainability corporate governance variables on the disclosure level of climate change governance. These variables included facts such as having a dedicated sustainability executive and board committee, the mediating effect of female representation on the board of directors, number of reporting years according to TCFD, membership in a sustainability index, MSCI ESG rating, the existence of a corporate climate transition plan, a mention of the UN Global Compact and GRI, company location, as well as company size and profitability. By adopting a multi-theoretical framework that included stakeholder theory as well the legitimacy and agency theory, the underlying research study used a sample of 100 of the largest global companies by market capitalization and their reporting for the year 2020. Based on 1,400 observations for fis...

Research paper thumbnail of Sustainability Reporting In A Global Context: What Are The Characteristics Of Corporations That Provide High Quality Sustainability Reports An Empirical Analysis

International Business & Economics Research Journal (IBER), 2010

Over the last years, sustainable development has become one of the major issues that all global o... more Over the last years, sustainable development has become one of the major issues that all global organizations are facing. The Global Reporting Initiative, located in the Netherlands and considered the leading authority world-wide, has developed what is currently considered the “common framework for sustainability reporting”. The latest version of their reporting guidelines called G3 contains detailed instructions and standards on how to prepare sustainability reports. By using G3 guidelines, corporations show a strong commitment of continuous improvement of their sustainability reporting practices. The G3 guidelines are increasingly adopted by many global corporations and organizations. At present, more than 700 organizations voluntarily publish a sustainability report according to G3 guidelines. For the first time, this empirical study investigates if the better performing and/or governed corporations prepare their sustainability reports according to the G3 guidelines. The goal of ...

Research paper thumbnail of 继承协调 发展进步--记中山纪念中学总体扩建规划设计

Research paper thumbnail of Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency

Economics Research International, 2012

A shareholder theory of firm and a stakeholder theory of firm may differ in their respective eval... more A shareholder theory of firm and a stakeholder theory of firm may differ in their respective evaluation method of firm performance. Both theories however recognize the importance of value creation as the economic role of firms as institutions. The New Institutional Economics (NIE) emphasizes incentives alignment, while also viewing stakeholder engagements as methods to expand the boundaries of firms. The difference in performance evaluation between the two approaches can be reduced if stakeholders, while formulating incentive alignment, also evaluate the mechanisms of establishing a common currency value. The concomitant development of stakeholder engagement, incentive alignment, and value currency creation is argued to be an evolutionary process with the efficiency implications of the two theories tending to converge.

Research paper thumbnail of Stakeholder Perception of Corporate Social Responsibility

O&M: Firms & Other Social Institutions eJournal, 2011

As corporate social responsibility receives increased attention by company stakeholders, research... more As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores the link between stakeholder perception of corporate social responsibility and its relationship with underlying factors. The findings suggest that age of the corporation, community involvement, and cultural diversity have a significant influence on corporate social responsibility perception by stakeholders. Another importance is issue is the existence of a published corporate social responsibility or sustainability report. No significant results were found for the sustainable use of natural resources and Dow Jones Sustainability Index inclusion. The study concludes with recommendations for corporations on how they can enhance perception of corporate social responsibility by stakeholders.

Research paper thumbnail of Long-Term Value Creation, Corporate Social Responsibility and Integrated Reporting the Example of Canadian Mining and Energy Companies

As companies are increasingly focusing on corporate social responsibility (CSR) they are also dis... more As companies are increasingly focusing on corporate social responsibility (CSR) they are also disclosing more information on the linkage between their company’s vision, strategy, and long-term value creation in the context of their external environment. Many of the company stakeholders are now more than ever paying close attention to the financial and non-financial performance from a short, medium and long term perspective. As a first of its kind, this paper provides an in depth analysis of the current state of sustainability and integrated reporting of Canadian public mining and energy companies. Therefore, the financial reports and the sustainability reports for a sample of Canadian public mining and energy companies are analysed. The empirical results of a thorough quantitative and qualitative content analysis show that there is much room for improvement for reporting on long-term value creation for Canadian mining companies. Information gaps were uncovered for various assessment...

Research paper thumbnail of Stakeholder Perception of Corporate Social Responsibility

As corporate social responsibility receives increased attention by company stakeholders, research... more As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores the link between stakeholder perception of corporate social responsibility and its relationship with underlying factors. The findings suggest that age of the corporation, community involvement, and cultural diversity have a significant influence on corporate social responsibility perception by stakeholders. Another importance is issue is the existence of a published corporate social responsibility or sustainability report. No significant results were found for the sustainable use of natural resources and Dow Jones Sustainability Index inclusion. The study concludes with recommendations for corporations on how they can enhance perception of corporate social responsibility by stakeholders.

Research paper thumbnail of Reporting on long-term value creation by Canadian companies: A longitudinal assessment

Journal of Cleaner Production

Research paper thumbnail of Case Study: Consolidated Balance Sheet At Date Of Purchase

Journal of Business Case Studies (JBCS), 2016

Consolidated financial statements have gained great popularity over the last decade with the resu... more Consolidated financial statements have gained great popularity over the last decade with the resurrection of acquisitions and the increased global expansion of business. This case study provides an actual case study of the preparation and presentation of a Consolidated Balance Sheet on the date of acquisition. An in-depth analysis is provided as to how to value the acquired entity, how to calculate Goodwill and how to measure the Non-Controlling interest portion. Work paper and adjusting entries are also highlighted to help facilitate the consolidation process.

Research paper thumbnail of Communication of Corporate Social Responsibility Information on Canadian Corporate Webpages

The International Journal of Sustainability Policy and Practice, 2013

Research paper thumbnail of The effect of the inclusion to the Dow Jones Sustainability World Index on Firm value - an empirical event study

This study adds new insights to the ongoing debate on corporate social sustainability and financi... more This study adds new insights to the ongoing debate on corporate social sustainability and financial performance by providing empirical evidence on stock price reaction to the announcement of first time additions of corporations to the Dow Jones Sustainability World Index (DJSI World). As the first global study of its kind, the investor reaction to the index inclusion announcement of a sample of 116 listed corporations is analysed over a time frame of several years. The results from our event study show that, in the year 2002, the market reacts positively to the first time announcement of a corporation being added to the DJSI World. The reaction becomes increasingly less in the years thereafter. In 2002, we find evidence of significant abnormal returns of 2.0% on the index inclusion announcement day. In all of the years between 2002 and 2005, significant cumulative abnormal returns during the time period around the announcement day could be observed. The declining and even negative market reaction to the DJSI World inclusion announcement for the years 2004 and 2005 represents a somewhat unexpected result that stands in stark contrast to the assumed growing importance of corporate social responsibility (CSR). We find no difference in investor reaction to the announcement of DJSI World inclusion for different countries. However, a significant difference in market reaction can be found for corporations in different industries. More specifically, we report that the share prices of corporations in the consumer product, healthcare, technology, and utilities industry seem to react more positively to the DJSI World inclusion announcement than the share prices of corporations in the basic material, financial, and industrial product industry. The results suggest that the overflow of CSR information makes it difficult for investors and other stakeholders to absorb the information and to determine the quality of CSR reporting. Standardized and audited regulation on CSR reporting would remedy this and is recommended.