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Jyoti Devi Mahadeo Vanisha Oogarah-Hanuman Teerooven Soobaroyen 《Accounting Forum》2011,35(3):158-175
We examine social and environmental reporting (SER) practices of listed companies in the island economy of Mauritius. Based on a content analysis of annual reports, quantitative and qualitative changes in SER were analyzed in light of recent developments in corporate governance and with regard to the prevailing social and political contexts of this emerging economy. We find a significant but selective increase in the volume and quality of SER over the period under review (2004–2007). We rely on Suchman's (1995) conceptualizations of legitimacy to argue that the changes in SER are related to a need for companies to demonstrate an affiliation to pro-social objectives (moral legitimacy) and, to a lesser extent, are motivated by the need to manage specific stakeholders (pragmatic legitimacy). More specifically, the increase in ethical disclosures reflects an attempt at gaining procedural legitimacy in response to criticisms of corruption and unfair/unethical business practices. Furthermore, the increase in social disclosures can primarily be seen as a mechanism to gain consequential legitimacy in response to concerns that local companies are not sufficiently contributing to the country's social development. We suggest that future empirical research should devote more attention to the specific characteristics of emerging economies (such as levels of corruption and unethical business practices and the level of corporate governance) and examine whether these can explain patterns of corporate SER in a given national context or on a cross-country basis. 相似文献
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Jyoti D. Mahadeo Teerooven Soobaroyen Vanisha Oogarah Hanuman 《Journal of Business Ethics》2012,105(3):375-388
We examine the key elements of board diversity (or heterogeneity) amongst listed companies operating in an emerging economy
(Mauritius) and the extent to which these influence financial performance. Specifically, we ask whether there is evidence
of tangible benefits in pursuing a strategy of board diversity in terms of gender-, age-, educational background and independence
in a corporate context which has long been dominated by family-led and ‘closed’ boardrooms. In light of recent corporate governance
developments which appear to foster greater diversity, we examine data from the 2007 annual reports of all 42 companies listed
on the Stock Exchange of Mauritius. We find that (i) women remain poorly represented on boards (ii) there is a relatively
satisfactory level of heterogeneity in terms of educational background, age and independence in relation to developed countries.
We also find significant regression coefficients for all four variables in terms of their impact on short-term performance.
However, these relationships are characterised by both negative and positive impacts thereby leading to discussions on the
validity of a strict heterogeneous or homogeneous board composition in the context of a developing economy. 相似文献
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This article examines corporate social disclosures (CSD) in an African developing economy (Mauritius) as provided in the annual
reports of listed companies from 2004 to 2007. Informed by the country’s social, political and economic context and legitimacy
theory, we hypothesise that the extent and variety of CSD themes (social, ethics, environment and health and safety) will
be enhanced post-2004 and will be influenced by profitability, size, leverage and industry affiliation. We find a significant
increase in the volume and variety of CSD, although information in relation to social activities remains the most prominent
form of disclosure. This is in contrast to previous studies which reported on the primacy of employee disclosures in developing
countries. Using a pooled regression analysis, we also observe that size does explain variations in overall CSD and social
disclosures, whilst leverage is positively related to changes in environmental and health and safety disclosures. There is
no profitability relationship, and the effects of industry affiliation on CSD are non-significant or contrary to expectations.
Overall, we assert that legitimacy, as a strategic and managerially driven approach favouring symbolic actions, is the prevailing
motivation underlying the progression of CSD in Mauritius. 相似文献
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