Review of Accounting Studies· 2021Q1· Review
Mandatory CSR and sustainability reporting: economic analysis and literature review
- 1,664citations
- Q1SCImago
- 2021year
Short summary
Mandatory CSR and sustainability reporting may impact capital markets, stakeholders, and firm behavior, according to an economic analysis and literature review.
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Key points
- Mandatory CSR and sustainability reporting can affect capital markets, other stakeholders, and firm behavior.
- The analysis draws from multiple academic disciplines including accounting, finance, economics, and management.
- Implementation and enforcement challenges are discussed alongside different reporting goals and materiality standards.
- The review provides insights relevant to the current debate on mandatory CSR and sustainability reporting.
AI-generated from the title and abstract; the full text is not read.
Abstract
Abstract This study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and sustainability topics. We first outline key features of CSR reporting. Next, we draw on relevant academic literatures in accounting, finance, economics, and management to discuss and evaluate the potential economic consequences of a requirement for CSR and sustainability reporting for U.S. firms, including effects in capital markets, on stakeholders other than investors, and on firm behavior. We also discuss issues related to the implementation and enforcement of CSR and sustainability reporting standards as well as two approaches to sustainability reporting that differ in their overarching goals and materiality standards. Our analysis yields a number of insights that are relevant for the current debate on mandatory CSR and sustainability reporting. It also points scholars to avenues for future research.
The authors' abstract, as published at the source. Review of Accounting Studies, 2021 · DOI ↗
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Field: Strategy and Management
Strategy and ManagementBusiness, Management and Accounting