Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies
AbstractThis 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
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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.
Dilling PFA. Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies. Sustainability. 2016; 8(9):938.Chicago/Turabian Style
Dilling, Petra F.A. 2016. "Reporting on Long-Term Value Creation—The Example of Public Canadian Energy and Mining Companies." Sustainability 8, no. 9: 938.
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