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The main motivation for corporate [social and environmental] reporting ... is to enhance corporate image and credibility with stakeholders (Adams, 2002: 244-245). Do you agree Use a variety of accounting theories to respond to Adams (2002) state - Essay Example

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As a result of the increasing rate of globalization, greater social and environmental awareness as well as the development of more efficient communication, the notion that the responsibility of companies extends beyond their profit-related and legal obligations has managed to…
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The main motivation for corporate [social and environmental] reporting ... is to enhance corporate image and credibility with stakeholders (Adams, 2002: 244-245). Do you agree Use a variety of accounting theories to respond to Adams (2002) state
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The main motivation for corporate [social and environmental] reporting ... is to enhance corporate image and credibility with stakeholders (Adams, 2002: 244-245). Do you agree Use a variety of accounting theories to respond to Adams (2002) state

r business organization or community to be sustainable, it must of necessity be financially secure while all along minimizing its negative environmental impacts. In addition to this, the business organization must act in conformity with the prevailing societal expectations. It is as a result of this reason that most business organizations now constantly tend to engage in corporate environmental and sustainability reporting. Adams (2002), argue that the primary motivation that drives companies to engage in corporate environmental and social reporting is the need for them to try and enhance not only the company’s credibility with stakeholders, but also the corporate image as well. This paper will seek to use a variety of accounting theories in a bid to try and respond to this statement.
In order to critically analyze the statement by Adams (2002), it is necessary to first define all the key terms in the statement. Corporate social and environmental reporting (CSER) is largely described as being a process through which organizations can be able to successfully communicate their social and environmental effects to not only certain particular interest groups within a given society, but also to the entire society at large (Gray et al., 1996). CSER reporting also seeks to try and reflect on a number of environmental and social aspects upon which the activities of a given company have an impact. These might variously include; community involvement, employee related issues, environmental concerns as well as a large number of other ethical issues. In a nutshell, CSER refers to the disclosure of information pertaining to the interaction of a company or organization with the society.
According to Dolphin and Reed (2009), the term image is often used as a synonym to the word reputation. They also argue that the corporate image is entirely based on an individual’s total experience of a company. In this regard, corporate image can be broadly defined as the sum of ... Read More
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