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Social Reporting by Companies Listed on the Alternative Investment Market

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Abstract

While the existing literature focuses on the disclosure of social information mainly by large companies, this paper concentrates on the disclosure of social information by small- and medium-sized companies (SME) listed on the Alternative Investment Market (AIM) in the U.K. The paper investigates the prevalent view that SMEs are unlikely to report social information due to their financial constraints and the perception that they have very little social conduct on which to report. Our overall evidence illustrates that, contrary to this view, SMEs report social information regardless of their financial constraints, most likely in the same manner as large companies do, because they realise the significance of social reporting in establishing and retaining their corporate reputation.

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Authors and Affiliations

  1. Middlesex University Business School, London, UK

    Sepideh Parsa

  2. Glasgow Caledonian University, Glasgow, Scotland

    Reza Kouhy

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  1. Sepideh Parsa
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  2. Reza Kouhy
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Correspondence to Sepideh Parsa.

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Parsa, S., Kouhy, R. Social Reporting by Companies Listed on the Alternative Investment Market. J Bus Ethics 79, 345–360 (2008). https://doi.org/10.1007/s10551-007-9402-8

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