The use of economic indicators from the Global Reporting Initiative by Spanish listed companies

Purpose: Corporate Social Responsibility (CSR) in companies is widely accepted within today’s business community. However, the intangibility of this concept and the dispersion of related standards and regulations has created a context characterized by lack of homogeneity in the publishing of CSR res...

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Detalhes bibliográficos
Autores: García, María José, Turró, Marta, Amat Salas, Oriol
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2014
País:España
Recursos:Universitat Pompeu Fabra
Repositorio:Repositorio Digital de la UPF
OAI Identifier:oai:repositori.upf.edu:10230/44951
Acesso em linha:http://hdl.handle.net/10230/44951
http://dx.doi.org/10.3926/ic.550
Access Level:acceso abierto
Palavra-chave:Corporate social responsibility
Global reporting initiative
Economic indicators
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spelling The use of economic indicators from the Global Reporting Initiative by Spanish listed companiesGarcía, María JoséTurró, MartaAmat Salas, OriolCorporate social responsibilityGlobal reporting initiativeEconomic indicatorsPurpose: Corporate Social Responsibility (CSR) in companies is widely accepted within today’s business community. However, the intangibility of this concept and the dispersion of related standards and regulations has created a context characterized by lack of homogeneity in the publishing of CSR results. The present study aims to determine the extent to which Global Reporting Initiative (GRI) indicators are used by Spanish listed companies. Design/methodology/approach: An empirical analysis has been performed to asses and evaluate the 2011 CSR reports published by the companies listed on the IBEX-35, the Spanish stock exchange index which includes the most important listed companies. The analysis is centered exclusively on the economic indicators established by the GRI. The methodology used to interpret the results is based on the procedures of multivariate analysis, namely principal components analysis, correlation matrix, and hierarchical clustering. Findings: The results of the study show that although the GRI tool is used extensively within the IBEX-35, the level of performance regarding the parameters established by the GRI varies depending on the studied company and indicator. Research limitations: This study focuses on the biggest Spanish listed companies; thus, the conclusions may differ in other geographic locations, as well as for smaller businesses. Practical implications: This line of research helps to know more about the social reporting policies of big Spanish listed companies. Social implications: The evidence provided by this study helps to know more about the Corporate Social Responsibility policies and sustainability reports and declarations of social and environmental values governing their organizations. Originality/value: This study is the first using principal component analysis in Spanish listed companies focusing in the economic indicators of the GRI.OmniaScience202020202014info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttp://hdl.handle.net/10230/44951http://dx.doi.org/10.3926/ic.550reponame:Repositorio Digital de la UPFinstname:Universitat Pompeu FabraInglésIntangible Capital. 2014;10(4):699-716Article's contents are provided on a Attribution-Non Commercial 3.0 Creative commons license. Readers are allowed to copy, distribute and communicate article's contents, provided the author's and Intangible Capital's names are included. It must not be used for commercial purposes. To see the complete license contents, please visit http://creativecommons.org/licenses/by-nc/3.0/http://creativecommons.org/licenses/by-nc/3.0/info:eu-repo/semantics/openAccessoai:repositori.upf.edu:10230/449512026-06-12T07:21:37Z
dc.title.none.fl_str_mv The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
title The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
spellingShingle The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
García, María José
Corporate social responsibility
Global reporting initiative
Economic indicators
title_short The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
title_full The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
title_fullStr The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
title_full_unstemmed The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
title_sort The use of economic indicators from the Global Reporting Initiative by Spanish listed companies
dc.creator.none.fl_str_mv García, María José
Turró, Marta
Amat Salas, Oriol
author García, María José
author_facet García, María José
Turró, Marta
Amat Salas, Oriol
author_role author
author2 Turró, Marta
Amat Salas, Oriol
author2_role author
author
dc.subject.none.fl_str_mv Corporate social responsibility
Global reporting initiative
Economic indicators
topic Corporate social responsibility
Global reporting initiative
Economic indicators
description Purpose: Corporate Social Responsibility (CSR) in companies is widely accepted within today’s business community. However, the intangibility of this concept and the dispersion of related standards and regulations has created a context characterized by lack of homogeneity in the publishing of CSR results. The present study aims to determine the extent to which Global Reporting Initiative (GRI) indicators are used by Spanish listed companies. Design/methodology/approach: An empirical analysis has been performed to asses and evaluate the 2011 CSR reports published by the companies listed on the IBEX-35, the Spanish stock exchange index which includes the most important listed companies. The analysis is centered exclusively on the economic indicators established by the GRI. The methodology used to interpret the results is based on the procedures of multivariate analysis, namely principal components analysis, correlation matrix, and hierarchical clustering. Findings: The results of the study show that although the GRI tool is used extensively within the IBEX-35, the level of performance regarding the parameters established by the GRI varies depending on the studied company and indicator. Research limitations: This study focuses on the biggest Spanish listed companies; thus, the conclusions may differ in other geographic locations, as well as for smaller businesses. Practical implications: This line of research helps to know more about the social reporting policies of big Spanish listed companies. Social implications: The evidence provided by this study helps to know more about the Corporate Social Responsibility policies and sustainability reports and declarations of social and environmental values governing their organizations. Originality/value: This study is the first using principal component analysis in Spanish listed companies focusing in the economic indicators of the GRI.
publishDate 2014
dc.date.none.fl_str_mv 2014
2020
2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10230/44951
http://dx.doi.org/10.3926/ic.550
url http://hdl.handle.net/10230/44951
http://dx.doi.org/10.3926/ic.550
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Intangible Capital. 2014;10(4):699-716
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by-nc/3.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc/3.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv OmniaScience
publisher.none.fl_str_mv OmniaScience
dc.source.none.fl_str_mv reponame:Repositorio Digital de la UPF
instname:Universitat Pompeu Fabra
instname_str Universitat Pompeu Fabra
reponame_str Repositorio Digital de la UPF
collection Repositorio Digital de la UPF
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