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Sustainability 2016, 8(9), 938; doi:10.3390/su8090938

Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies

New York Institute of Technology, School of Management, Vancouver campus, Vancouver, BC V7Y 1K8, Canada
Academic Editor: Steve Evans
Received: 1 June 2016 / Revised: 2 August 2016 / Accepted: 6 September 2016 / Published: 14 September 2016
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [695 KB, uploaded 14 September 2016]   |  

Abstract

This study empirically analyzes reporting on long-term value creation for Canadian public mining and energy companies. It represents an important first step in determining the quality of reporting and its determinants for large public companies. In this exploratory empirical study, a reporting quality scoring index was developed to measure disclosure quality of long-term value creation reporting. Content analysis was used to examine financial and sustainability reports for a sample of twenty Canadian public mining and energy companies. Corporate disclosure quality scores were then calculated by assessing the quality of reporting in four main categories. The findings suggest that overall disclosure quality on long-term value creation is still low. Companies disclosing higher quality information on long-term value creation are of bigger size, operate in the basic materials sector, have an independent board, are listed in the Dow Jones Sustainability Index, experience higher stock volatility and use more words related to long-term value creation in their annual financial and non-financial reports. In order to increase and restore stakeholder trust and credibility as well as a tool to maintain stability, it is strongly recommended to introduce adequate mandatory standardization resulting in a set of internationally recognized reporting standards as well as a requirement for external assurance of reports. View Full-Text
Keywords: sustainability; Canada; content analysis; corporate social responsibility (CSR); long-term value creation; energy and mining sector; legitimacy theory; stakeholder theory; voluntary disclosure theory sustainability; Canada; content analysis; corporate social responsibility (CSR); long-term value creation; energy and mining sector; legitimacy theory; stakeholder theory; voluntary disclosure theory
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Dilling, P.F.A. Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies. Sustainability 2016, 8, 938.

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