Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review / Hans B. Christensen, Luzi Hail, Christian Leuz.

Format:

Book

Author/Creator:

Christensen, Hans B.

Contributor:

National Bureau of Economic Research.

Hail, Luzi.

Leuz, Christian.

Series:

Working Paper Series (National Bureau of Economic Research) no. w26169.

NBER working paper series no. w26169

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Adoption of CSR and Sustainability Reporting Standards

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2019.

Summary:

This study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and sustainability topics. We first outline key features of CSR reporting. Next, we draw on relevant academic literatures in accounting, finance, economics, and management to discuss and evaluate the potential economic consequences of a requirement for sustainability reporting for U.S. firms, including effects in capital markets, on stakeholders other than investors and on firm behavior. We also discuss issues related to the implementation and enforcement of CSR and sustainability reporting standards as well as two approaches to sustainability reporting that differ in their overarching goals and materiality standards. Our analysis yields a number of insights that are relevant for the current debate on mandatory CSR and sustainability reporting. It also points scholars to avenues for future research.

Notes:

Print version record

August 2019.