posted on 2022-03-28, 14:48authored byMd Amir Hossain
This thesis investigates the extent to which the top 100 ASX-listed companies disclose economic, environmental, and social sustainability risk factors in light of the changes introducing Recommendation 7.4 in the third edition of the Corporate Governance Principles and Recommendations (ASX, 2014) in 2014. Using content analysis, I examine the cross-referenced documents in Appendix 4G statements to measure the extent of economic, environmental, and social sustainability risk disclosures by the top 100 Australian listed companies during the 2014-15 financial year, the first full reporting period after the changes came into effect.
Recommendation 7.4 attained a high degree of acceptance among companies. All companies complied with the recommendation, although questions of substance over form were raised for several companies. Annual reports are the main means of disclosing sustainability risk, followed by sustainability reports, web disclosures, annual reviews, and corporate governance statements. Many companies use images to disclose sustainability risks in addition to narratives. Further, economic sustainability risk disclosures are higher in non-sensitive industries, whereas social and environmental sustainability risk disclosures are higher in sensitive industries. Last, company size is positively related to sustainability risk disclosure.
History
Table of Contents
1. Introduction -- 2. Literature review -- 3. ASX corporate governance principles and recommendations -- 4. Research design and methodology -- 5. Results -- 6. Discussion -- 7. Conclusion -- 7. References.
Notes
Bibliography: Pages 63-71
Empirical thesis.
Awarding Institution
Macquarie University
Degree Type
Thesis MRes
Degree
MRes, Macquarie University, Faculty of Business and Economics, Department of Accounting and Corporate Governance
Department, Centre or School
Department of Accounting and Corporate Governance
Year of Award
2016
Principal Supervisor
John Dumay
Additional Supervisor 1
Mauricio Marrone
Rights
Copyright Md Amir Hossain 2016.
Copyright disclaimer: http://mq.edu.au/library/copyright