- 27 Sep, 2020
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Organizational Culture and Accounting
The link between stakeholder accountability and corporate social responsibility reporting
Recent years have witnessed a significant degree of administrative reform, in terms of the increasing number of major companies proclaiming their social responsibility credentials, and backing up their claims by producing substantial environmental, social and sustainability reports. It can promote mutual accountability, where companies and stakeholders alike recognize their responsibilities toward each other for example is Philips, which is using its report to emphasize the changes the companies is going through, its R&D capabilities, the importance it gives to stakeholder engagement and also how it provides an example of the business case for sustainability.
| Measurements | ||
| Independent variable
Stakeholder accountability |
By measuring number of jointly identified alternatives/solutions discussed and adopted | |
| Dependent Variable
CSR reporting |
-Profitability: Share value
OR return on investment (ROI)
-Recruitment and retention of staff: Staff turnover OR % +ve feedback in staff OR surveys
–Product recalls: Percentage of total output |
Objectives:-
- Evaluating the effect of stakeholder’s accountability on profitability
- Evaluating the effect of stakeholder’s accountability on recruitment and retention of staff
- Evaluating the effect of stakeholder’s accountability on Product recalls
Hypothesis:-
- There is a positive relationship between stakeholder’s accountability and profitability
- There is positive a relationship between stakeholder’s accountability and recruitment and retention of staff
- There is a positive relationship between stakeholder’s accountability and product recalls