Corporate Social and Environmental Disclosure in Emerging Securities Markets: China as a Case Study

Corporate social and environmental disclosure (CSE disclosure) has been increasing greatly in developed markets since 1990s. Accordingly, most of the relevant literature focuses on the development of CSE disclosure in developed markets; little attention has been paid to emerging markets. CSE disclosure in fact may have important implications for constructing healthy emerging markets. International organizations and some emerging markets recently have launched initiatives to promote CSE disclosure. But CSE disclosure is not a measure that can be adopted by a securities market without considering the legal, social and economic underpinnings. CSE disclosure involves a wide range of questions, including how the people and the government in a given society think of corporate social responsibility (CSR); what mechanisms are available in a given society to shape the CSR movement; how the corporate governance structure in a given society deals with the relationships among its constituents (shareholders and other stakeholders); how the socially responsible investing in a given market develops; whether the legal system is capable to enforce law; and so on. The feasibility of a CSE disclosure approach in an emerging market depends on the institutional environments of the market. Considered the institutional differences between developed markets and emerging markets and as well between emerging markets themselves, this article gives an overview of the CSE disclosure development in emerging markets, and particularly takes China as a case study to tangibly examine the institutional factors.

Name thesis:degree_name

J.S.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Law

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Lin, Li Wen

Contributors dc:contributor

• Cynthia A. Williams

• Business Administration, Management

Language dc:language

eng

Identifier

(MiAaPQ)AAI3337847

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/86512