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Public Accountant, with an MBA. With work experience in the educational, agro-industrial, financial and business consulting and advisory sectors. With knowledge in Revisoría Fiscal, internal control, auditing, information assurance, design of business strategies, management of work teams, updating of organizational charts, accounting and cost consulting. In charge of courses in accounting, auditing, costs, organizational control, administration, administrative process. Collaborator in knowledge networks. Co-author of knowledge products. In the agro-industrial sector leading the implementation of IFRS, I have advised and implemented costing systems. Worked with ONG´S in accounting, costing and administration training.
The study analysed the asymmetry in the disclosure of environmental criteria of the Global Reporting Initiative (GRI) standard based on financial and non-financial information in 37 companies in 19 sub-sectors of the Colombian economy that were assessed by MERCO (Business Monitor of Corporate Reputation) in 2017 and 2018 in terms of corporate reputation, responsibility, and corporate governance. It is based on the theories of agency, stakeholders, and legitimacy, whereby six hypotheses were postulated. The indicators of environmental criteria were retrieved from the website and sustainability reports of each company, using a dichotomous approach for collecting information on environmental activities. The hypotheses were contrasted with a binary choice and panel data models. The results showed that increasing quality and transparency in voluntarily disclosed information decreases its asymmetry, thereby meeting the information needs of stakeholders, providing confidence, and strengthening corporate social responsibility (CSR) activities. In addition, the most indebted and largest companies disclose less information on environmental activities, in contrast to companies with higher solvency. Overall, the study contributed with the calculation of an asymmetry ratio with the MERCO indicators and the use of the insolvency risk variable as an explanatory variable for disclosure. Additionally, it contributed to the field of study of CSR from the Latin American context.
Iván Ordóñez-Castaño; Edila Herrera-Rodríguez; Angélica Franco Ricaurte; Luis Perdomo Mejía. Voluntary Disclosure of GRI and CSR Environmental Criteria in Colombian Companies. Sustainability 2021, 13, 5405 .
AMA StyleIván Ordóñez-Castaño, Edila Herrera-Rodríguez, Angélica Franco Ricaurte, Luis Perdomo Mejía. Voluntary Disclosure of GRI and CSR Environmental Criteria in Colombian Companies. Sustainability. 2021; 13 (10):5405.
Chicago/Turabian StyleIván Ordóñez-Castaño; Edila Herrera-Rodríguez; Angélica Franco Ricaurte; Luis Perdomo Mejía. 2021. "Voluntary Disclosure of GRI and CSR Environmental Criteria in Colombian Companies." Sustainability 13, no. 10: 5405.