Chapter 2: Determinants and Impacts of Sustainability Disclosure^☆

Corporate social responsibility disclosures have been the subject of much discussion, conceptual literature and debate over the past several decades (Berthelot, Magnan, & Cormier, 2003; Gray, Kouhy, & Lavers, 1995; Marimon, Alonso-Almeida, Rodríguez, & Cortez Alejandro, 2012; Ringov & Zollo, 2007; Waldman et al., 2006). Sustainability reporting has increased worldwide, notably due to globalisation and trade liberalisation (Waldman et al., 2006). As populations in industrialised countries are becoming more aware of environmental and social repercussions, greater pressure is being exerted on organisations to respect the natural environment and the populations affected by their operations wherever they may be located (Vachon, 2010).