Country of origin is considered to be an important determinant of the level and type of corporate social disclosure. In this paper, we use stakeholder theory to explain differ- ences in social disclosure among countries. We argue that the manner in which the role of a corporation and its stakeholders is defined in a society will affect the extent and quality of corporate social disclosure (CSD) in annual reports. Our findings based on a content analysis of 1998 and 1999 annual reports for 32 Norwegian/Danish companies and 26 US companies in the electric power generation industry, lend support to the stakeholder explanation for observed international differences in CSD.
Copyright © 2005, ScienceDirect.
Joyce van der Laan Smith, Ajay Adhikari, Rasoul H. Tondkar, Exploring differences in social disclosures internationally: A stakeholder perspective, Journal of Accounting and Public Policy, Volume 24, Issue 2, 2005, Pages 123-151, https://doi.org/10.1016/j.jaccpubpol.2004.12.007.