Accountability Styles in State-Owned enterprises : The good, the bad, the
ugly ... And the pretty

Royoa, Sonia; Yetano, Ana; García-Lacalle, Javier

Publication:
Accountability Styles in State-Owned enterprises : The good, the bad, the ugly ... And the pretty

dc.contributor.author	Royoa, Sonia
dc.contributor.author	Yetano, Ana
dc.contributor.author	García-Lacalle, Javier
dc.date.accessioned	2019-07-04T09:20:38Z
dc.date.available	2019-07-04T09:20:38Z
dc.date.issued	2019
dc.description.abstract	Ensuring public access to the information that State-Owned Enterprises (SOEs) produce is necessary and corporate websites should be used for this purpose. However, there is a lack of research analyzing the accountability of SOEs. This paper aims to identify different accountability patterns among SOEs by carrying out an assessment of the e-disclosure levels of Spanish SOEs. For this purpose, a comprehensive website content analysis of 91 SOEs owned by the Spanish central government was carried out. Each website was analyzed for 60 items classified into 4 dimensions: 1) financial information, 2) information about objectives and strategies, 3) corporate governance and 4) usability. In order to identify different accountability patterns among SOEs, cluster, multidimensional scaling and Pro-Fit analyses were carried out. Results show that e-disclosure practices among Spanish SOEs are still in their infancy. Financial accountability is the main focus of SOEs disclosures and most are silent about their policies, objectives and corporate governance structures. The majority of them are still anchored in a narrow accountability style that only considers shareholders as the key stakeholders and they are a long way from fulfilling the OECD recommendation that they should be as transparent as listed companies. Furthermore, results show that enforcement of transparency-related legislation is scarce in Spain. Based on these findings, some recommendations to improve e-disclosure practices among SOEs are suggested.	es
dc.format	application/pdf	es
dc.format.extent	15	es
dc.identifier.issn	1988-4672
dc.identifier.issn	1138-4891
dc.identifier.uri	http://hdl.handle.net/10201/73201
dc.language	eng	es
dc.relation.ispartofseries	Revista de Contabilidad - Spanish Accounting Review, V. 22, N. 2, 2019	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Accountability styles	es
dc.subject	State-Owned Enterprises (SOEs)	es
dc.subject	e-disclosure	es
dc.subject	Estilos de rendición de cuentas	es
dc.subject	Empresas Públicas (EP)	es
dc.subject	Divulgación de información en Internet	es
dc.subject.other	CDU::6 - Ciencias aplicadas::65 - Gestión y organización. Administración y dirección de empresas. Publicidad. Relaciones públicas. Medios de comunicación de masas	es
dc.title	Accountability Styles in State-Owned enterprises : The good, the bad, the ugly ... And the pretty	es
dc.title.alternative	Estilos de rendición de cuentas en empresas públicas : el bueno, el malo, el feo ... y la guapa	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es