Voluntary employee disclosures in Australian annual reports applying Ullmann’s stakeholder theory

Pamela Kent, Carolyn Windsor, Tamara Zunker

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Abstract

Many companies state in their reports that their employees are the company’s most valuable resource (Flamholtz, 1999; Gröjer and Johanson, 1999; Guthrie, Petty and Johanson, 2001; Mouritsen, 1998; Petty and Guthrie, 2000). The purpose of this paper is to examine voluntarily employee disclosures in Australian corporate annual reports by applying Ullmann’s (1985) three dimensional stakeholder framework comprising stakeholder power, strategic posture and economic performance. This study first investigates the propensity of companies to disclose voluntary employee information in relation to stakeholder employee power which is represented by employee share ownership and union membership. Second, strategic posture denoted by corporate governance best practice systems and corporate mission statements are examined. Return on assets (ROA) and market oriented Tobin’s Q are proxies used for economic performance. Finally, the quality of employee disclosures using content analysis are examined also using Ullmann’s (1985) three dimensional model.
Original languageEnglish
Title of host publicationProceedings of 2011 AFAANZ Conference
EditorsS Cahan
Place of PublicationMelbourne
PublisherAccounting and Finance Association of Australia and New Zealand
Pages1-52
Number of pages52
Publication statusPublished - 2011
EventAccounting and Finance Association of Australia and New Zealand (AFAANZ) conference - Darwin, Darwin, Australia
Duration: 3 Jul 20115 Jul 2011
http://www.afaanz.org/conferences

Conference

ConferenceAccounting and Finance Association of Australia and New Zealand (AFAANZ) conference
Abbreviated titleAFAANZ 2011
CountryAustralia
CityDarwin
Period3/07/115/07/11
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Cite this

Kent, P., Windsor, C., & Zunker, T. (2011). Voluntary employee disclosures in Australian annual reports applying Ullmann’s stakeholder theory. In S. Cahan (Ed.), Proceedings of 2011 AFAANZ Conference (pp. 1-52). Melbourne: Accounting and Finance Association of Australia and New Zealand.