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Journal of Business Ethics

, Volume 122, Issue 1, pp 53–63 | Cite as

Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI Framework

  • Belen Fernandez-Feijoo
  • Silvia Romero
  • Silvia Ruiz
Article

Abstract

Transparency is a quality of corporate social responsibility communication that enhances the relationship between the investors and the company. The objective of this paper is to analyze if the transparency of the sustainability reports is affected by the relationship of companies in different industries with their stakeholders. If this were the case, it would indicate that the pressure of significant stakeholders determines the required level of transparency of the reports. We find that the pressure of some groups of stakeholders (customers, clients, employees, and environment) improves the quality of transparency of the reports. We extend previous research by studying the effect of stakeholder group pressure on transparency when reporting sustainability. Our results show that transparency is affected by ownership, along with size and global region.

Keywords

Corporate social responsibility Global Reporting Initiative Information system for sustainability Stakeholders pressure Sustainability report Transparency 

Abbreviations

AS

Assurance statement

CSR

Corporate social responsibility

GRI

Global reporting initiative

IA

In accordance

SR

Sustainability report

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Copyright information

© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  • Belen Fernandez-Feijoo
    • 1
  • Silvia Romero
    • 2
  • Silvia Ruiz
    • 1
  1. 1.Universidade de VigoVigoSpain
  2. 2.Montclair State UniversityMontclairUSA

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