JWB 2015 Effectiveness of Governance Regimes Final.pdf (800.32 kB)
On the effectiveness of private transnational governance regimes - evaluating corporate sustainability reporting according to the Global Reporting Initiative
journal contribution
posted on 2023-06-09, 03:01 authored by Ralf Barkemeyer, Lutz Preuss, Lindsay LeeThe increasing involvement of multinational enterprises (MNEs) in global governance has been both applauded for its potential to make governance more effective and criticized for lacking democratic legitimization. Hence we investigate the effectiveness of one transnational governance regime, corporate sustainability reporting according to the Global Reporting Initiative (GRI). We found that the GRI has been successful in terms of output effectiveness by promoting the dissemination of sustainability reporting, in particular among Asian and South American companies. However, the outcome effectiveness of the GRI is limited as reporting showed a rather uniform content across countries and sectors which does not reflect materiality considerations. As GRI reporting does not seem to have facilitated greater company–stakeholder interaction, its impact effectiveness is likely to be limited too.
History
Publication status
- Published
File Version
- Accepted version
Journal
Journal of World BusinessISSN
1090-9516Publisher
ElsevierExternal DOI
Issue
2Volume
50Page range
312-325Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes