Corporate reporting and accounting for externalities. / Unerman, Jeffrey; Bebbington, Jan; O'Dwyer, Brendan.

In: Accounting and Business Research, Vol. 48, No. 5, 2018, p. 497-522.

Research output: Contribution to journalArticlepeer-review

Published

Standard

Corporate reporting and accounting for externalities. / Unerman, Jeffrey; Bebbington, Jan; O'Dwyer, Brendan.

In: Accounting and Business Research, Vol. 48, No. 5, 2018, p. 497-522.

Research output: Contribution to journalArticlepeer-review

Harvard

Unerman, J, Bebbington, J & O'Dwyer, B 2018, 'Corporate reporting and accounting for externalities', Accounting and Business Research, vol. 48, no. 5, pp. 497-522. https://doi.org/10.1080/00014788.2018.1470155

APA

Unerman, J., Bebbington, J., & O'Dwyer, B. (2018). Corporate reporting and accounting for externalities. Accounting and Business Research, 48(5), 497-522. https://doi.org/10.1080/00014788.2018.1470155

Vancouver

Unerman J, Bebbington J, O'Dwyer B. Corporate reporting and accounting for externalities. Accounting and Business Research. 2018;48(5):497-522. https://doi.org/10.1080/00014788.2018.1470155

Author

Unerman, Jeffrey ; Bebbington, Jan ; O'Dwyer, Brendan. / Corporate reporting and accounting for externalities. In: Accounting and Business Research. 2018 ; Vol. 48, No. 5. pp. 497-522.

BibTeX

@article{341c84735fd14b4e9dc55a2512f97755,
title = "Corporate reporting and accounting for externalities",
abstract = "Externalities comprise economic, social and/or environmental impacts arising from the activities of an entity that are borne by others, at least in the short term. As they do not feedback directly into immediate financial consequences for the entity, they tend to be outside the remit of financial reporting. A dispersed academic accounting literature on externalities has hitherto developed separately from concerns about what information is appropriate to report on corporate performance. This paper develops insights into accounting for, and reporting of, externalities that are intended to improve the use of externalities information in breaking down silos between the traditionally discrete domains of financial reporting and sustainability reporting, and between silos within sustainability reporting. Challenges in such use of externalities information are explored, including difficulties inherent in quantification of externalities. The paper also highlights ways in which externalities can progressively become internalized, thereby bringing them more readily within the domain of economically-focused financial reporting practices. An agenda for further research to help enhance the accounting for, and reporting of, externalities is also proposed.",
keywords = "Accounting for externalities; corporate reporting; sustainability reporting; commensuration; full cost accounting",
author = "Jeffrey Unerman and Jan Bebbington and Brendan O'Dwyer",
year = "2018",
doi = "10.1080/00014788.2018.1470155",
language = "English",
volume = "48",
pages = "497--522",
journal = "Accounting and Business Research",
issn = "0001-4788",
publisher = "Routledge",
number = "5",

}

RIS

TY - JOUR

T1 - Corporate reporting and accounting for externalities

AU - Unerman, Jeffrey

AU - Bebbington, Jan

AU - O'Dwyer, Brendan

PY - 2018

Y1 - 2018

N2 - Externalities comprise economic, social and/or environmental impacts arising from the activities of an entity that are borne by others, at least in the short term. As they do not feedback directly into immediate financial consequences for the entity, they tend to be outside the remit of financial reporting. A dispersed academic accounting literature on externalities has hitherto developed separately from concerns about what information is appropriate to report on corporate performance. This paper develops insights into accounting for, and reporting of, externalities that are intended to improve the use of externalities information in breaking down silos between the traditionally discrete domains of financial reporting and sustainability reporting, and between silos within sustainability reporting. Challenges in such use of externalities information are explored, including difficulties inherent in quantification of externalities. The paper also highlights ways in which externalities can progressively become internalized, thereby bringing them more readily within the domain of economically-focused financial reporting practices. An agenda for further research to help enhance the accounting for, and reporting of, externalities is also proposed.

AB - Externalities comprise economic, social and/or environmental impacts arising from the activities of an entity that are borne by others, at least in the short term. As they do not feedback directly into immediate financial consequences for the entity, they tend to be outside the remit of financial reporting. A dispersed academic accounting literature on externalities has hitherto developed separately from concerns about what information is appropriate to report on corporate performance. This paper develops insights into accounting for, and reporting of, externalities that are intended to improve the use of externalities information in breaking down silos between the traditionally discrete domains of financial reporting and sustainability reporting, and between silos within sustainability reporting. Challenges in such use of externalities information are explored, including difficulties inherent in quantification of externalities. The paper also highlights ways in which externalities can progressively become internalized, thereby bringing them more readily within the domain of economically-focused financial reporting practices. An agenda for further research to help enhance the accounting for, and reporting of, externalities is also proposed.

KW - Accounting for externalities; corporate reporting; sustainability reporting; commensuration; full cost accounting

U2 - 10.1080/00014788.2018.1470155

DO - 10.1080/00014788.2018.1470155

M3 - Article

VL - 48

SP - 497

EP - 522

JO - Accounting and Business Research

JF - Accounting and Business Research

SN - 0001-4788

IS - 5

ER -