| Resumo: |
This research investigates the effect of the institutional environment on the level of disclosure of CSR in companies of environmentally sensitive sectors, whose nationalities come from the the G20 group. It is believed that institutional theory, from the perspective of the institutional environment, can explain why, despite the good adhesion by the world's largest companies to sustainability reports, especially in the format indicated by the GRI (2013), it is verified that, in each country, there are substantial differences in the information content evidenced (CAMPBELL, 2006). The National Business System (NBS), conceptualized by Richard Whitley (1992), explains that these transnational differences originate in demographic, cultural, geographic and political characteristics of each nation, making each country have institutional environments, which are sometimes similar, sometimes different, whether they are geographically close or not. According to Clarke and Gibson-Sweet (1999), among the sectors of a country's industry it is also possible to identify disparities in practices and disclosures of CSR, especially in the oil and in the paper and cellulose, for example, which are more sensitive to environmental conditions than other sectors. Thus, this research aims to evaluate the effect of the institutional environment on the disclosure of CSR in the sectors of basic materials, public utilities and oil and gas operations in developing and in developed countries. For this, the data were submitted to descriptive statistics, and the hypotheses were tested through panel and hierarchical data models. As a result, the quality of the education system and the efficiency of the labor market have been found to positively influence the disclosure of CSR in both developed and developing countries. It has also been found that the transparency index positively influences the disclosure of CSR only in developed countries, while foreign direct investment positively influences the disclosure of CSR only in developing countries. Regarding the effectiveness of the legal system, no influence relationship was found on the disclosure of CSR in developed or developing countries. |
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