Extended performance reporting : evaluating corporate social responsibility and intellectual capital management

Abstract

Recent corporate scandals have resulted in heightened attention towards the shortcomings oftraditional financial reporting frameworks. Concurrently, the rise of the corporate social responsibilityimperative has led to criticisms that financial reports present an incomplete accountof a firm’s activities. In addition, growing acknowledgement of the importance of a firm’s intangiblesand intellectual capital has been associated with increased commentary about the needfor extra disclosures if a more complete picture of the firm’s value is to be provided to externalstakeholders. This paper responds to these concerns by developing an extended performancereporting framework to the Australian Food and Beverage Industry, which is characterised byboth corporate social responsibility and intellectual capital issues. In relation to the latter, thisframework presents a novel attempt to develop an industry-customised framework as called forby both industry bodies and researchers in the area. Copyright © www.iiste.org