Purpose: this paper aims to investigate why companies make or do not make Corporate Environmental Disclosure (CED) and whether stakeholder theory can explain voluntary CED practices in Libya.
Design/Methodology/approach: Evidence is collected from in-depth interviews with thirty interviewees from six groups of stakeholders of Ahlia Cement Company (ACC) namely: regulators and policy makers; local governments; managers; employees; shareholders and financial institutions.
Findings: The findings suggest that there is a strong consensus between the six groups surveyed on a number of Obstacles for CED. However, there is no consensus between these groups of the forces for CED.
Research limitations: this study investigates the stakeholders of Ahlia Cement Company (ACC) only. More perceptions of stakeholders of other Libyan companies is needed.
Originality/Value: The results of this study provide strong evidence that application of stakeholder theory to empirical CED research can move future research in this area.
تاريخ النشر
01/01/2014
الناشر
Review of Integrative Business & Economics Research