EXPLORING THE EMERGING AREAS OF CORPORATE DISCLOSURES: A BIBLIOMETRIC ANALYSIS
DOI:
https://doi.org/10.62737/6q1w4y02Keywords:
Corporate disclosures, PRISMA, Bibliometric analysis, Vosviewer, stakeholders, disclosuresAbstract
In the current Indian scenario of the financial reporting regime, stakeholders are increasingly looking at the disclosure practices of the companies. Therefore, higher level of transparency is required which implies that there is need of higher level of disclosure. In the present era, the sources of information are not only restricted to annual reports for stakeholders to take decisions. Hence, it is very crucial to have encyclopaedic study on corporate disclosures. The main objective of this paper is to determine the current state of research on corporate disclosure practices across the world. In the present study, literature in subject areas business, management, accounting, economics, econometrics, and finance has been retrieved from Scopus Database and analysed for 15 years between 2009 & 2023. The bibliometric analysis has been conducted using VOS Viewer. This study highlights the trend of publication across two decades, countries and journals along with most cited papers, top journals, most influential authors. Finally, through co-occurrence analysis of keywords, least explored areas have been identified. This paper highlights the gap in the available literature and make recommendations for future research in emerging areas.
References
Abarbanell, J. S., Lanen, W. N., & Verrecchia, R. E. (1995). Analysts’ forecasts as proxies for investor beliefs in empirical research. Journal of Accounting and Economics, 20(1), 31–60. https://doi.org/10.1016/0165-4101(94)00392-i
Abdolmohammadi, M. J. (2005). Intellectual capital disclosure and market capitalization. Journal of Intellectual Capital, 6(3), 397–416. https://doi.org/10.1108/14691930510611139
Aerts, W., & Cormier, D. (2009). Media legitimacy and corporate environmental communication. Accounting, Organizations and Society, 34(1), 1–27. https://doi.org/10.1016/j.aos.2008.02.005
Allegrini, M., & Greco, G. (2011). Corporate boards, audit committees and voluntary disclosure: evidence from Italian Listed Companies. Journal of Management & Governance, 17(1), 187–216. https://doi.org/10.1007/s10997-011-9168-3
Baldini, M. M., Maso, L. L. D., Liberatore, G., Mazzi, F., & Terzani, S. (2016). Role of Country- and Firm-Level Determinants in environmental, social, and Governance Disclosure. Journal of Business Ethics, 150(1), 79–98. https://doi.org/10.1007/s10551-016-3139-1
Bhimavarapu, V. M., Rastogi, S., & Mulay, P. (2023). A bibliometric study on corporate transparency and disclosures. FIIB Business Review, 12(2), 138–157. https://doi.org/10.1177/23197145231151790
Cooke, T. E., & Wallace, R. S. O. (1989). Global Surveys of Corporate Disclosure Practices and Audit Firms: A review essay. Accounting and Business Research, 20(77), 47–57. https://doi.org/10.1080/00014788.1989.9729394
Cormier, D., Aerts, W., Ledoux, M. J., & Magnan, M. (2010). Web‐Based Disclosure About Value Creation Processes: A Monitoring perspective. Abacus, 46(3), 320–347. https://doi.org/10.1111/j.1467-6281.2010.00321.x
Cormier, D., Ledoux, M., & Magnan, M. (2009). The use of Web sites as a disclosure platform for corporate performance. International Journal of Accounting Information Systems, 10(1), 1–24. https://doi.org/10.1016/j.accinf.2008.04.002
Dabbagh, M., Sookhak, M., & Safa, N. S. (2019). The Evolution of Blockchain: A Bibliometric study. IEEE Access, 7, 19212–19221. https://doi.org/10.1109/access.2019.2895646
De Silva Lokuwaduge, C., & Heenetigala, K. (2016). Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: an Australian study. Business Strategy and the Environment, 26(4), 438–450. https://doi.org/10.1002/bse.1927
De Villiers, C., & Van Staden, C. J. (2006). Can less environmental disclosure have a legitimising effect? Evidence from Africa. Accounting, Organizations and Society, 31(8), 763–781. https://doi.org/10.1016/j.aos.2006.03.001
Deegan, C. (2007). Organisational legitimacy as a motive for sustainability reporting. Sustainability Accounting and Accountability, 127–149. https://doi.org/10.4324/9780203815281-19
Diantimala, Y., Syahnur, S., & Islahuddin, I. (2022). Recursive correlation between voluntary disclosure, cost of capital, information asymmetry, and firm value. Cogent Business & Management, 9(1). https://doi.org/10.1080/23311975.2022.2154489
Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The Journal of Law and Economics, 26(2), 301–325. https://doi.org/10.1086/467037
Font, X., Walmsley, A., Cogotti, S., McCombes, L., & Häusler, N. (2012). Corporate social responsibility: The disclosure–performance gap. Tourism Management, 33(6), 1544–1553. https://doi.org/10.1016/j.tourman.2012.02.012
Frías-Aceituno, J., Ariza, L. R., & García‐Sánchez, I. (2013). Is integrated reporting determined by a country’s legal system? An exploratory study. Journal of Cleaner Production, 44, 45–55. https://doi.org/10.1016/j.jclepro.2012.12.006
Gamerschlag, R., Möller, K., & Verbeeten, F. (2010). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5(2–3), 233–262. https://doi.org/10.1007/s11846-010-0052-3Gokhale, A., Mulay, P., Pramod, D., & Kulkarni, R. (2020). A Bibliometric Analysis of Digital Image Forensics. Science & Technology Libraries, 39(1), 96–113. https://doi.org/10.1080/0194262x.2020.1714529
García‐Sánchez, I., Raimo, N., & Vitolla, F. (2020). CEO power and integrated reporting. Meditari Accountancy Research, 29(4), 908–942. https://doi.org/10.1108/medar-11-2019-0604
Grossman, S. J. (1981). The Informational Role of Warranties and Private Disclosure about Product Quality. The Journal of Law and Economics, 24(3), 461–483. https://doi.org/10.1086/466995
Gu, Z., Meng, F., & Farrukh, M. (2021). Mapping the Research on Knowledge Transfer: A Scientometrics approach. IEEE Access, 9, 34647–34659. https://doi.org/10.1109/access.2021.3061576
Guthrie, J., Petty, R., Yongvanich, K., & Ricceri, F. (2004). Using content analysis as a research method to inquire into intellectual capital reporting. Journal of Intellectual Capital, 5(2), 282–293. https://doi.org/10.1108/14691930410533704
Hahn, R., & Lülfs, R. (2013). Legitimizing negative aspects in GRI-Oriented Sustainability Reporting: A Qualitative analysis of Corporate Disclosure Strategies. Journal of Business Ethics, 123(3), 401–420. https://doi.org/10.1007/s10551-013-1801-4
Haskin, B. J., Davis, J. G., & Flynn, J. C. (2009). Under the microscope: valuation and hedge funds. Journal of Investment Compliance, 10(3), 5–25. https://doi.org/10.1108/15285810910995539
Hermalin, B. E., & Weisbach, M. S. (2012). Information disclosure and corporate governance. The Journal of Finance, 67(1), 195–233. https://doi.org/10.1111/j.1540-6261.2011.01710.x
Holder‐Webb, L., Cohen, J. P., Nath, L., & Wood, D. А. (2008). The supply of corporate social responsibility disclosures among U.S. firms. Journal of Business Ethics, 84(4), 497–527. https://doi.org/10.1007/s10551-008-9721-4
Huang, C. C., Luther, R., Tayles, M., & Haniffa, R. (2013). Human capital disclosures in developing countries: figureheads and value creators. Journal of Applied Accounting Research, 14(2), 180–196. https://doi.org/10.1108/09675421311291919
Islam, M. A., & Deegan, C. (2010). Media pressures and corporate disclosure of social responsibility performance information: A study of two global clothing and sports retail companies. Accounting and Business Research, 40(2), 131–148. https://doi.org/10.1080/00014788.2010.9663388
Kessler, M. M. (1963). Bibliographic coupling between scientific papers. American Documentation, 14(1), 10–25. https://doi.org/10.1002/asi.5090140103
Khan, A., Muttakin, M. B., & Siddiqui, J. (2012). Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy. Journal of Business Ethics, 114(2), 207–223. https://doi.org/10.1007/s10551-012-1336-0
Lawrence, A. (2013). Individual investors and financial disclosure. Journal of Accounting and Economics, 56(1), 130–147. https://doi.org/10.1016/j.jacceco.2013.05.001
Lee, K., & Yeo, G. H. H. (2015). The association between integrated reporting and firm valuation. Review of Quantitative Finance and Accounting, 47(4), 1221–1250. https://doi.org/10.1007/s11156-015-0536-y
Leung, X. Y., Sun, J., & Bai, B. (2017). Bibliometrics of social media research: A co-citation and co-word analysis. International Journal of Hospitality Management, 66, 35–45. https://doi.org/10.1016/j.ijhm.2017.06.012
Lu, Y., & Abeysekera, I. (2014). Stakeholders’ power, corporate characteristics, and social and environmental disclosure: evidence from China. Journal of Cleaner Production, 64, 426–436. https://doi.org/10.1016/j.jclepro.2013.10.005
Lu, Y., & Abeysekera, I. (2015). What do stakeholders care about? Investigating corporate social and environmental disclosure in China. Journal of Business Ethics, 144(1), 169–184. https://doi.org/10.1007/s10551-015-2844-5
Mallin, C., Farag, H., & Ow-Yong, K. (2014). Corporate social responsibility and financial performance in Islamic banks. Journal of Economic Behavior and Organization, 103, S21–S38. https://doi.org/10.1016/j.jebo.2014.03.001
Nagar, V., Schoenfeld, J., & Wellman, L. (2019). The effect of economic policy uncertainty on investor information asymmetry and management disclosures. Journal of Accounting and Economics, 67(1), 36–57. https://doi.org/10.1016/j.jacceco.2018.08.011
Nakajima, Y., & Inaba, Y. (2021). Stock market reactions to voluntary integrated reporting. Journal of Financial Reporting and Accounting, 20(3/4), 516–541. https://doi.org/10.1108/jfra-07-2020-0217
Parker, R. H. (1992). MacMillan Dictionary of Accounting. In Palgrave Macmillan UK eBooks. https://doi.org/10.1007/978-1-349-22431-9
Petty, R., & Guthrie, J. (2000). Intellectual capital literature review. Journal of Intellectual Capital, 1(2), 155–176. https://doi.org/10.1108/14691930010348731
Pinto, G., Rastogi, S., Kadam, S., & Sharma, A. (2019). Bibliometric study on dividend policy. Qualitative Research in Financial Markets, 12(1), 72–95. https://doi.org/10.1108/qrfm-11-2018-0118
Platonova, E., Asutay, M., Dixon, R., & Mohammad, S. (2016). The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector. Journal of Business Ethics, 151(2), 451–471. https://doi.org/10.1007/s10551-016-3229-0
Plumlee, M., Brown, D., Hayes, R. M., & Marshall, R. S. (2015). Voluntary environmental disclosure quality and firm value: Further evidence. Journal of Accounting and Public Policy, 34(4), 336–361. https://doi.org/10.1016/j.jaccpubpol.2015.04.004
Pranckutė, R. (2021). Web of Science (WOS) and Scopus: the titans of bibliographic information in today’s academic world. Publications, 9(1), 12. https://doi.org/10.3390/publications9010012
Reverte, C. (2008). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351–366. https://doi.org/10.1007/s10551-008-9968-9
Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, Organizations and Society, 17(6), 595–612. https://doi.org/10.1016/0361-3682(92)90015-k
Saggese, S., Sarto, F., & Cuccurullo, C. (2015). Evolution of the Debate on Control Enhancing Mechanisms: A Systematic review and bibliometric analysis. International Journal of Management Reviews, 18(4), 417–439. https://doi.org/10.1111/ijmr.12072
Said, R., Zainuddin, Y., & Hasnah, H. (2009). The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies. Social Responsibility Journal, 5(2), 212–226. https://doi.org/10.1108/17471110910964496
Shima, Kim & Fung, Scott. (2019). Voluntary disclosure of environmental performance after regulatory change: Evidence from the utility industry. Meditari Accountancy Research. 27. 287-324. https://doi.org/10.1108/MEDAR-01-2018-0265
Tandon, A., Kaur, P., Mäntymäki, M., & Dhir, A. (2021). Blockchain applications in management: A bibliometric analysis and literature review. Technological Forecasting and Social Change, 166, 120649. https://doi.org/10.1016/j.techfore.2021.120649
Uyar, A., & Kılıç, M. (2012). Value relevance of voluntary disclosure: evidence from Turkish firms. Journal of Intellectual Capital, 13(3), 363–376. https://doi.org/10.1108/14691931211248918
Van Eck, N. J., & Waltman, L. (2009). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, 84(2), 523–538. https://doi.org/10.1007/s11192-009-0146-3
Zhang, G., Li, K., Gu, D., Wang, X., Yang, X., Zhü, K., & Liang, G. (2019). Visualizing Knowledge Evolution and Hotspots of Rural Environment and Health: A Systematic Review and Research direction. IEEE Access, 7, 72538–72550. https://doi.org/10.1109/access.2019.2919549
