Do Customers Affect the Value Relevance of Sustainability Reporting? Empirical Evidence on Stakeholder Interdependence

摘要: In spite of the strategic importance sustainability reporting in current business practice and resulting increase research on its value relevance, studies accounting for stakeholder interdependence are scarce. On basis instrumental theory, we investigate whether customers have an impact relevance reporting. Using a sample US listed firms, show that is affected by customer profile differences, thereby confirming customer–shareholder interdependence. However, effects only predominant if firms' profitability levels low disappear as increases. Overall, our findings provide more nuanced understanding Therefore, offer managers fine-grained guidance relevant Copyright © 2014 John Wiley & Sons, Ltd ERP Environment