پایداری شرکتی: راهبردی تئوریکی و یکپارچه با رویکرد دستوری و عمل‌گرا
محورهای موضوعی : حسابداری مدیریتحسن چناری بوکت 1 , بهمن بنی‌مهد 2
1 - دانشجوی دکتری گروه آموزشی حسابداری، واحد کرج، دانشگاه آزاد اسلامی، البرز، ایران.
2 - دانشیار گروه آموزشی حسابداری، واحد کرج، دانشگاه آزاد اسلامی، البرز، ایران
کلید واژه: عملکرد پایداری, تصمیم‌‌گیری مدیریتی, خلق ارزش سهام, گزارش‌گری و اطمینان‌بخشی پایدا,
چکیده مقاله :
پایداری شرکتی رویکردی اقتصادی و عمل‌گرا با پتانسیل خلق فرصت‌ها و مخاطرات برای داد و ستدها می‌باشد. تعارض و ارتباط احتمالی بین عملکرد پایداری اقتصادی و عملکرد پایداری محیطی، اجتماعی و حاکمیتی هنوز به‌طور مفصل در منابع علمی و پژوهشی مورد بررسی قرار نگرفته است. این مقاله تلاش می‌کند تا خلأ موجود را با پیشنهاد چارچوبی شامل چهار راهبرد یکپارچه مانند تلفیق تئوری پایداری، خلق ارزش سهام پایدار، بهبود مستمر عملکرد و گزارش‌گری و اطمینان‌بخشی عملکرد پایداری پر کند. پیشنهادها برای هر یک از این چهار رویکرد برای پژوهش‌های پایداری در آتی به‌کار خواهند آمد.
Corporate sustainability is an economic and strategic imperative concept with the potential to create opportunities and risks for different type of businesses. The tension and possible relation between economic sustainability performance (ESP) and non-financial environmental, social, and governance (ESG) sustainability performance have been broadly yet ineffectively discussed in business literatures. This paper focuses to fill this gap by proposing a framework containing four integrated strategies of the sustainability theory integration, sustainable shared value creation, continuous performance improvements, and sustainability performance reporting and assurance. Proposals are advanced for each of these strategies in promoting future sustainability research works.
* تفرشی مطلق، علی‌رضا؛ الفت، لعیا؛ بامداد صوفی، جهانیار؛ امیری، مقصود؛ 1396. سنجه‌های پایداری شرکتی در صنایع متوسط غذایی ایررانی، فصلنامه‌ی پژوهش‌نامه‌ی بازرگانی، شماره‌ی 82، ص‌ص: 105 – 77.
* حساس‌یگانه، یحیی؛ برزگر، قدرت‌اله؛ 1394. مدلی برای افشای مسئولیت اجتماعی و پایندگی شرکت‌ها و وضعیت موجود آن در شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران، فصلنامه‌ی بورس اوراق بهادار، شماره‌ی 29، ص‌ص: 110 – 91.
* علی‌خانی، راضیه؛ مران‌جوری، مهدی؛ 1393. کاربرد تئوری‌های افشای اطلاعات زیست‌محیطی و اجتماعی، مطالعات حسابداری و حسابرسی، سال سوم، شماره‌ی 9، ص‌ص: 53 – 36.
* Aguilera, Ruth V., Deborah E. Rupp, Cynthia A. Williams, and Jyoti Ganapathi. 2007. “Putting the S Back in Corporate Social Responsibility: A Multilevel Theory of Social Change in Organizations.” Academy of Management Review, 32(3): 836-63.
* Al-Tuwaijri, Sulaiman A., Theodore E. Christensen, and K. Hughes II. 2004. “The Relations Among Environmental Disclosure, Environmental Performance, and Economic Performance: A Simultaneous Equations Approach.” Accounting, Organizations and Society, 29(5-6): 447-71.
* Antolín-López, R., Delgado-Ceballos, J., Montiel, I. 2016. “Deconstructing Corporate Sustainability: A Comparison of Different Stakeholder Metrics.” Journal of Cleaner Production, 36(Part A): 1–13.
* Aras, G., Crowther, D. 2008. “Governance and Sustainability: An Investigation into the Relationship between Corporate Governance and Corporate Sustainability.” Management Decision, 46(3): 433–448.
* Bansal, P. 2005. “Evolving Sustainably: A Longitudinal Study of Corporate Sustainable Development.” Strategic Management Journal, 26(3): 197–218.
* Bansal, Pratima and Brent McKnight. 2009. “Looking Forward, Pushing Back and Peering Sideways: Analyzing the Sustainability of Industrial Symbiosis.” Journal of Supply Chain Management, 45(4): 26-37.
* Baumgartner, R.J. Ebner, D. 2010. “Corporate Sustainability Strategies: Sustainability Profiles and Maturity Levels.” 76–89.
* Barth, Mary E., Wayne R. Landsman, and Mark H. Lang. 2008. “International Accounting Standards and Accounting Quality.” Journal of Accounting Research, 46(3): 467-98.
* Bebbington, Jan, and Carlos Larrinaga. 2014. “Accounting and Sustainable Development: An Exploration.” Accounting, Organizations and Society, 39(6): 395-413.
* Beyer, Anne, Daniel A. Cohen, Thomas Z. Lys, and Beverly R. Walther. 2010. “The Financial Reporting Environment: Review of the Recent Literature.” Journal of Accounting and Economics, 50(2-3): 296-343.
* Bradford, M., Earp, Julia B., Showalter, D.S., Williams, Paul F. 2017. “Corporate Sustainability Reporting and Stakeholder Concerns: Is There a Disconnect?” Accounting Horizons, 31(1): 83-102.
* Berardi, U. 2015. “Sustainability Assessments of Buildings, Communities, and Cities.” Assessing and Measuring Environmental Impact and Sustainability.
* Bremser, Wayne G. 2014. A Growing Interest in Sustainability Paving the Way for the Next Generation of CPAs. March. The CPA Journal, 15-17.
* Brockett, Ann, and Zabihollah Rezaee. 2012. Corporate Sustainability: Integrating Performance and Reporting. Hoboken, NJ: John Wiley and Sons.
* Brown Jr., William D., Haihong He, and Karen Teitel. 2006. “Conditional Conservatism and the Value Relevance of Accounting Earnings: An International Study.” European Accounting Review, 15(4): 605-26.
* Carter, Craig R., and P. Liane Easton. 2011. “Sustainable Supply Chain Management: Evolution and Future Directions.” International Journal of Physical Distribution & Logistics Management, 41(1): 46-62.
* CFA Institute. 2015. “Environmental, Social and Governance (ESG) Survey.” http://irrcinstitute.org/pdf/FINAL-CFA-ESG-Study-August-2015.pdf (accessed June 3).
* Chow, W. S., Chen, Y. 2011. “Corporate Sustainable Development: Testing a New Scale Based on the Mainland Chinese Context.” Journal of Business Ethics, 105(4): 519–533.
* Clarkson, Peter M., Yue Li, Gordon D. Richardson, and Florin P. Vasari. 2011. “Does it Really Pay to Be Green? Determinants and Consequences of Proactive Environmental Strategies.” Journal of Accounting and Public Policy, 30(2): 122-44.
* Connelly, Brian L., S. Trevis Certo, R. Duane Ireland, and Christopher R. Reutzel. 2011. “Signaling Theory: A Review and Assessment.” Journal of Management, 37(1): 39-67.
* Contrafatto, Massimo 2014. “The Institutionalization of Social and Environmental Reporting: An Italian Narrative.” Accounting, Organizations and Society, 39(6): 414-32.
* Corbett, Charles J., and Robert D. Klassen. 2006. “Extending the Horizons: Environmental Excellence as Key to Improving Operations.” Manufacturing & Service Operations Management, 8(1): 5-22.
* Dainelli, Francesco, Laura Bini, and Francesco Giunta. 2013. “Signaling Strategies in Annual Reports: Evidence from the Disclosure of Performance Indicators.” Advances in Accounting, Incorporating Advances in International Accounting, 29(2): 267-77.
* Deegan, C., Rankin, M. and Tobin, J. 2002. “An examination of the corporate social and environmental disclosures of BHP from 1983–1997—A test of legitimacy theory.” Accounting, Auditing and Accountability Journal, 15(3): 312–343.
* Dhaliwal, Dan S., Oliver Zhen Li, Albert Tsang, and Yong George Yang. 2011. “Voluntary Nonfinancial Disclosure and Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting.” The Accounting Review, 86(1): 59-100.
* Ditillo, A., Lisi, Irene E. 2016. “Exploring Sustainability Control Systems' Integration: The Relevance of Sustainability Orientation.” Journal of Management Accounting Research, 28(2): 125-148.
* Dočekalová, M. P., Kocmanová, A. 2016. “Composite Indicator for Measuring Corporate Sustainability.” Ecological Indicators, 61: 612–623.
* El Ghoul, Sadok, Omrane Guedhami, Chuck C.Y. Kwok, and Dev R. Mishra. 2011. “Does Corporate Social Responsibility Affect the Cost of Capital?” Journal of Banking and Finance, 35(9): 2388-406.
* Elijido-Ten, E., Kloot, L. and Clarkson, P. 2010. “Extending the application of stakeholder influence strategies to environmental disclosures: An exploratory study from a developing country.” Accounting, Auditing & Accountability Journal, 23(8): 1032–1059.
* Elkington, J. (1998); “Accounting for the Triple Bottom Line”, Measuring Business Excellence, no.2(3), pp.18–22.
* Eweje, G. 2011. “A Shift in Corporate Practice? Facilitating Sustainability Strategy in Companies.” Corporate Social Responsibility and Environmental Management, 18(3): 125–136.
* Fama, Eugene F., and Michael C. Jensen. 1983. “Separation of Ownership and Control.” The Journal of Law and Economics, Corporations and Private Property: A Conference Sponsored by the Hoover Institution), 26(2): 301-25.
* FAO. 2013. “Sustainability Assessment of Food and Agriculture systems.” Sustainability Assessment of Food and Agriculture systems, 1–267.
* Fawcett, Stanley E., Matthew A. Waller, and Donald J. Bowersox. 2011. “Cinderella in the C-Suite: Conducting Influential Research to Advance the Logistics and Supply Chain Disciplines.” Journal of Business Logistics, 32(2): 115-21.
* Garcia, S., Cintra, Y., Torres, R. de C. S. R., Lima, F.G. 2016. “Corporate Sustainability Management: A Proposed Multi-criteria Model to Support Balanced Decision- making.” Journal of Cleaner Production, 136(Part A): 181-196.
* Gray, Robert H. 2010. “Is Accounting for Sustainability Actually Accounting for Sustainability…. And How Would We Know? An Exploration of Narratives of Organizations and the Planet.” Accounting, Organizations and Society, 35(1): 47-62.
* Healy, Paul M., and Krishna G. Palepu. 2001. “Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature.” Journal of Accounting and Economics, 31(1-3): 405-40.
* Hernandez, Morela. 2008. “Promoting Stewardship Behavior in Organizations: A Leadership Model.” Journal of Business Ethics, 80(1): 121-28.
* Hernandez, Morela. 2012. “Toward an Understanding of the Psychology of Stewardship.” Academy of Management Review. 37(2): 172-93.
* Hopwood, Anthony G. 2009. “Accounting and the Environment.” Accounting, Organizations and Society, 34(3-4): 433-9.
* Huang, Xiaobei Beryl, and Luke Watson. 2015. “Corporate Social Responsibility Research in Accounting.” Journal of Accounting Literature, 34: 1-16.
* Huang, C. L. and Kung, F. H. 2010. “Drivers of environmental disclosure and stakeholder expectation: Evidence from Taiwan.” Journal of Business Ethics, 96: 435–451.
* International Federation of Accountants. 2015. “Accounting for Sustainability: From Sustainability to Business Resilience.” July.
* Islam, M. A. and Deegan, C. 2008. “Motivations for an organization within a developing country to report social responsibility information: Evidence from Bangladesh.” Accounting, Auditing and Accountability Journal, 21(6): 850–874.
* Jain, Archana, Pankaj K. Jain, and Zabihollah Rezaee. 2016. “Value-Relevance of Corporate Social Performance: Evidence from Short Selling.” Journal of Management Accounting Research, 28(2): 29-52.
* Jensen, Michael. 2001. “Value Maximization, Stakeholder Theory, and the Corporate Objective Function.” European Financial Management, 7(3): 297–317.
* Kaler, J. 2003. “Differentiating Stakeholder Theories.” Journal of Business Ethics, 46: 71-83.
* Khan, Mozaffar, George Serafeim, and Aaron Yoon. 2016. “Corporate Sustainability: First Evidence on Materiality.” The Accounting Review. 91(6): 1697-1724.
* Kiron, David, Nina Kruschwitz, Knut Haanaes, Martin Reeves, Sonja-Katrin Fuisz- Kehrbach, and Gerg Kell. 2015. “Joining Forces: Collaboration and Leadership for Sustainability.” MIT Sloan Management Review, the Boston Consulting Group, and the United Nations Global Compact. http://marketing.mitsmr.com/PDF/56380-MITSMR-BGC-UNGC-Sustainability2015.pdf?cid=1 (accessed January 12).
* KPMG. 2015. “Currents of Change: The KPMG Survey of Corporate responsibility Reporting 2015.” https://assets.kpmg.com/content/dam/kpmg/pdf/2016/02/kpmg-international-survey- of-corporate-responsibility-reporting-2015.pdf.
* Lamberton, Geoff. 2005. Sustainability accounting-a brief history and conceptual framework. Accounting Forum, 29: 7–26.
* Lozano, R., Carpenter, A., Huisingh, D. 2014. “A Review of Theories of the Firm and Their Contributions to Corporate Sustainability.” Journal of Cleaner Production, 106: 430-442.
* Luchs, Michael G., Rebecca Walker Naylor, Julie R. Irwin, and Rajagopal Raghunathan. 2010. “The Sustainability Liability: Potential Negative Effects of Ethicality on Product Preference.” Journal of Marketing, 74(5): 18-31.
* McGrath, Rita Gunther, Walter J. Ferrier, and Aubrey L. Mendelow. 2004. “Response: Real Options as Engines of Choice and Heterogeneity.” The Academy of Management Review, 29(1): 86-101.
* Ng, Anthony C., and Zabihollah Rezaee. 2015. “Business Sustainability Performance and Cost of Equity Capital.” Journal of Corporate Finance, 34: 128-49.
* Owen, D. L., Swift, T. a., Humphrey, C., Bowerman, M. 2000. “The New Social Audits: Accountability, Managerial Capture or the Agenda of Social Champions?” European Accounting Review, 9(1): 81–98.
* Pagell, Mark, Zhaohui Wu, and Nagesh N. Murthy. 2007. “The Supply Chain Implications of Recycling.” Business Horizons, 50(2): 133-43.
* Porter, Michael E., and Mark R. Kramer. 2011. “Creating Shared Value,” Harvard Business Review, January-February: 62-77.
* Rehbein, Kathleen. 2014. “Research Briefs: What Drives Executives to Make Socially Responsible Investments?” Academy of Management Perspectives, 28(3). http://dx.doi.org/10.5465/amp.2014.0132.
* Rezaee, Zabihollah. 2015. Business Sustainability: Performance, Compliance, Accountability and Integrated Reporting. Sheffield, UK: Greenleaf Publishing Limited.
* Rezaee, Zabihollah. 2016. “Business Sustainability Research: A Theoretical and Integrated Perspective.” Journal of Accounting Literature, 36: 48-64.
* Rezaee, Zabihollah. 2017. “Corporate Sustainability: Theoretical and Integrated Strategic Imperative and Pragmatic Approach.” The Journal of Business Inquiry, 16(1): 60-87.
* Rogers, Jean. 2015. “Why Investors Should Look Beyond a Company’s Financials.” Fortune, August 11. http://fortune.com/2015/08/11/why-investors-should-look-beyond-a-companys- financials/.
* Schneider, A., Meins, E. 2012. “Two Dimensions of Corporate Sustainability Assessment: Towards a Comprehensive Framework.” Business Strategy and the Environment, 21(4): 211–222.
* Selmier, W. Travis, Aloysius Newenham-Kahindi, and Chang Hoon Oh. 2015. “Understanding the Words of Relationships: Language as an Essential Tool to Manage CSR in Communities of Place.” Journal of International Business Studies, 46(2): 153-79.
* Starik, Mark, and Patricia Kanashiro. 2013. “Toward a Theory of Sustainability Management: Uncovering and Integrating the Nearly Obvious.” Organization & Environment, 26(1): 7-30.
* Starik, M., Rands, G. P. 1995. Weaving an integrated web: Multilevel and multisystem perspectives of ecologically sustainable organizations. Academy of Management Review, 20(4): 908–935.
* Tonello, Matteo, and Thomas Singer. 2015b. “Sustainability Practices 2015.” The Conference Board. https://www.conference-board.org/pdfdownload.cfm?masterProductID=9311.
* Unruh, Gregory, David Kirin, Nina Kruschwitz, Martin Reeves, Holger Rubel, and Alexander Meyer zum Felde. 2016. “Investing for a Sustainable Future.” MIT Sloan Management Review. May. http://sloanreview.mit.edu/projects/investing-for-a-sustainable- future/.
* Verrecchia, Robert E. 2001. “Essays on Disclosure.” Journal of Accounting and Economics, 32(1-3): 97-180.
* Waddock, Sandra A., and Samuel B Graves. 1997. “The Corporate Social Performance financial Performance Link.” Strategic Management Journal, 18(4): 303–19.
_||_