The authors would like to thank Jessie Poon, Susan Aaronson, and especially the late Alan MacPherson for reading and commenting on earlier versions of this work.
The Market for Corporate Responsibility Reporting in the Americas
Article first published online: 23 NOV 2012
© 2012 Wiley Periodicals, Inc
Growth and Change
Volume 43, Issue 4, pages 563–589, December 2012
How to Cite
Hamilton, T. and Tschopp, D. J. (2012), The Market for Corporate Responsibility Reporting in the Americas. Growth and Change, 43: 563–589. doi: 10.1111/j.1468-2257.2012.00598.x
- Issue published online: 23 NOV 2012
- Article first published online: 23 NOV 2012
- Manuscript Accepted: OCT 2011
- Manuscript Revised: SEP 2011
- Manuscript Received: JUN 2011
The largest corporations in the world are increasingly adopting international corporate responsibility (CR) reporting standards from organizations such as the Global Reporting Initiative to meet stakeholder expectations for reliable and comparable social and environmental performance data. At the same time, significant geographic variations in reporting rates remain. The goal of this paper is to explain the diffusion of international CR reporting standards within the Americas. Reporting rates cannot be explained fully by a country's population size or level of economic development. Based on a unique statistical analysis of the relative impact of institutional environments, corporate resources and strategic orientation, stakeholder pressures, and transnational trade and learning networks, this research concludes that the diffusion of CR reporting throughout the Americas to date has been fueled by a rather narrow set of corporations with the capacities necessary to implement CR reporting and the strategic orientation to benefit from it. Moreover, corporations' internal capacities and the external demands for CR reporting have been enhanced in select countries by national and transnational CR advocacy and training organizations. This has led to an uneven development of CR reporting thus far, and this unevenness is expected to continue even as overall reporting rates increase.