Table 5. Regulatory effect on resource...

Table 5.

Regulatory effect on resource allocation on CS activities and reporting

Voluntary reporter	Resource allocation
Voluntary reporter	Decrease	No change	Increase	Total
Panel Va: Regulatory effect on resource allocation to CS activities
No	7 6.5%	54 50%	47 43.5%	108 100%
Yes	0 0%	26 66.7%	13 33.3%	39 100%
Total	7 4.8%	80 54.4%	60 40.8%	147 100%
χ² = 4.719, df = 2, Cramer’s V = 0.179, Fisher’s p = 0.109
Panel Vb: Regulatory effect on resource allocation to CS reporting
Voluntary reporter	Resource allocation			Total
Voluntary reporter	Decrease	No change	Increase	Total
No	25 23.1%	37 34.3%	46 42.6%	108 100%
Yes	15 38.5%	19 48.7%	5 12.8%	39 100%
Total	40 27.2%	56 38.1%	51 34.7%	147 100%
χ² = 11.362, df = 2, Cramer’s V = 0.278, Fisher's-p = 0.003

Voluntary reporter	Resource allocation
Voluntary reporter	Decrease	No change	Increase	Total
Panel Va: Regulatory effect on resource allocation to CS activities
No	76.5%	5450%	4743.5%	108100%
Yes	00%	2666.7%	1333.3%	39100%
Total	74.8%	8054.4%	6040.8%	147100%
χ² = 4.719, df = 2, Cramer’s V = 0.179, Fisher’s p = 0.109
Panel Vb: Regulatory effect on resource allocation to CS reporting
Voluntary reporter	Resource allocation			Total
Voluntary reporter	Decrease	No change	Increase	Total
No	2523.1%	3734.3%	4642.6%	108100%
Yes	1538.5%	1948.7%	512.8%	39100%
Total	4027.2%	5638.1%	5134.7%	147100%
χ² = 11.362, df = 2, Cramer’s V = 0.278, Fisher's-p = 0.003

Notes:

The following table presents answers to survey questions: “How did this new regulation affect your firm’s resource allocation to corporate sustainability: i) activities and ii) reporting?”

Source: Authors’ own work

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