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Analysis of institutional authors

Polo-Garrido, FCorresponding Author

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October 11, 2024
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Corporate reporting by cooperatives: Mapping the landscape and identifying determinants

Publicated to: Journal of Contemporary Accounting & Economics. 20 (3): 1-23 - 2024-01-01 20(3), DOI: 10.1016/j.jcae.2024.100436

Authors:

Karel-Bodenstein, Fouche; Polo-Garrido, Fernando
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Affiliations

Univ Politecn Valencia - Author
Univ Pretoria - Author

Abstract

Cooperatives conform to a model that is different to what is normally understood to be an enterprise, with distinctive interpretations of property rights, governance, and values. A unique characteristic of cooperatives' corporate reporting is it essentially addresses member-owners, and not shareholders. Despite this, most research has been performed from the perspective of investorowned firms. The aim of this study is to obtain an understanding of the nature and extent of the adoption of corporate reporting conventions, and to identify the determinants of such adoptions by cooperatives, by means of ordinal regression and binary logistic models on a sample drawn from the Global Top 300 cooperatives. Despite the expectations implicit in the differences in the users of financial reports (cooperative members), there was a lack of cooperative-specific reporting in that the most common categories of published corporate reports are still annual reports and annual financial statements. Approximately half of the cooperatives publish environmental and social reports, governance reports and/or management reports, while only a miniscule number publish integrated reports. Results also suggest the stakeholder, legitimacy, institutional, transaction cost and agency theories help to explain the determinants for the of adoption of corporate reporting. We have identified common determinants (market, country and institutional factors) for the adoption of cooperative reporting, as well as idiosyncratic determinants that are unique to cooperative entities. We found that cooperatives with external shareholders are more likely to adopt environmental and social, management and governance reporting. Idiosyncratic determinants indicated that cooperatives who more assertively draw their attention to their identity are more likely to adopt annual reporting. Cooperatives who limit the distribution of profits to members only are also more likely to adopt management reporting.
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Keywords

AdoptionAgency costsAnd management reportingCooperative identityCooperative ownership structuresCorporate reportingEnvironmental and social reportingGovernanceGovernance reportingInformation asymmetryOwnershipPerceptionPerformanceSocial-responsibilitySustainability assuranceVoluntary disclosure

Quality index

Bibliometric impact. Analysis of the contribution and dissemination channel

The work has been published in the journal Journal of Contemporary Accounting & Economics due to its progression and the good impact it has achieved in recent years, according to the agency WoS (JCR), it has become a reference in its field. In the year of publication of the work, 2024 there are still no calculated indicators, but in 2023, it was in position 129/620, thus managing to position itself as a Q1 (Primer Cuartil), in the category Economics.

Independientemente del impacto esperado determinado por el canal de difusión, es importante destacar el impacto real observado de la propia aportación.

Según las diferentes agencias de indexación, el número de citas acumuladas por esta publicación hasta la fecha 2026-04-02:

  • WoS: 3
  • Scopus: 5
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Impact and social visibility

From the perspective of influence or social adoption, and based on metrics associated with mentions and interactions provided by agencies specializing in calculating the so-called "Alternative or Social Metrics," we can highlight as of 2026-04-02:

  • The use, from an academic perspective evidenced by the Altmetric agency indicator referring to aggregations made by the personal bibliographic manager Mendeley, gives us a total of: 54.
  • The use of this contribution in bookmarks, code forks, additions to favorite lists for recurrent reading, as well as general views, indicates that someone is using the publication as a basis for their current work. This may be a notable indicator of future more formal and academic citations. This claim is supported by the result of the "Capture" indicator, which yields a total of: 52 (PlumX).

With a more dissemination-oriented intent and targeting more general audiences, we can observe other more global scores such as:

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    Leadership analysis of institutional authors

    This work has been carried out with international collaboration, specifically with researchers from: South African Republic.

    There is a significant leadership presence as some of the institution’s authors appear as the first or last signer, detailed as follows: Last Author (Polo Garrido, Fernando).

    the author responsible for correspondence tasks has been Polo Garrido, Fernando.

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    Awards linked to the item

    The authors gratefully acknowledge financial support from Generalitat Valenciana CIAICO/2022/075.
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