Giovanna Michelon

Giovanna Michelon
University of Bristol | UB · School of Accounting and Finance

Ph.D.

About

61
Publications
44,117
Reads
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3,842
Citations
Introduction
Giovanna has been Professor of Accounting at the University of Bristol since June 2019. Before that, she was at the University of Exeter Business School for six year. She started her career at the University of Padova in Italy where she also obtained her PhD. She has held visiting positions at Concordia University (Canada), University of Centra Giovanna’s work mainly relates to corporate social responsibility, disclosure and governance. More info: https://sites.google.com/site/giovannamichelon/
Additional affiliations
March 2006 - May 2013
University of Padova
Position
  • Research Assistant
Education
January 2002 - April 2005
University of Padova
Field of study
  • Accounting

Publications

Publications (61)
Article
Full-text available
In this study, we explore the role of Chief Executive Officers’ (CEOs’) incentives, split between monetary (based on both bonus compensation and changes in the value of the CEO’s portfolio of stocks and options) and non-monetary (career concerns, incoming/departing CEOs, and power and entrenchment), in relation to corporate social responsibility (C...
Article
Full-text available
We study whether environmental reporting serves as a transparency tool to communicate sound environmental policies to stakeholders or rather as a manipulation tool of stakeholders' perceptions. In particular, we focus on the relationship between environmental disclosure tone and future environmental performance and we furthermore explore the role o...
Article
Purpose – The purpose of this study is to investigate whether the descriptive, instrumental, and strategic approaches to corporate social responsibility (CSR) are related to corporate performance (CP) and to determine the nature of this relationship, if any. Design/methodology/approach – Using data collected by KLD Research Analytics and Global Re...
Article
Purpose – The purpose of this paper is to investigate whether firms manipulate the use of graphs in their sustainability reports in order to present a more favorable view of their social and environmental performance, and to examine whether differences in the extent of impression management are associated with differences in social and environmenta...
Technical Report
Full-text available
This report is the first in-depth assessment of the quality of reporting from UK private companies who have chosen to follow the Wates Principles. The report shows that the Wates Principles are the most widely adopted corporate governance code used by large private companies. The research shows that companies are grasping the spirit of the Wates P...
Article
The impact of unconventional oil and gas development on water quality is a major environmental concern. We built a large geocoded database that combines surface water measurements with horizontally drilled wells stimulated by hydraulic fracturing (HF) for several shales to examine whether temporal and spatial well variation is associated with anoma...
Article
Narrative reporting, both in relation to financial and non-financial information, is increasingly used and often mandated, with significant managerial discretion regarding content. As policy makers consider reporting as a tool for regulation to steer the behaviour of companies towards improving practices and performance upon which they have to disc...
Article
A growing number of studies use a dichotomous variable indicating the presence of a standalone CSR report to capture impacts of CSR disclosure. Our concern is that, without considering differences in the information provided, such an approach could lead to incorrect inferences regarding those impacts. Accordingly, we extend prior research by examin...
Article
This commentary on the article “On the centrality of peripheral research and the dangers of tight boundary gatekeeping” is a personal reflection developed around four considerations. (1) Boundaries are defined according to the center we position ourselves in, which implies that multiple centers and boundaries are possible. (2) Although tension betw...
Article
Purpose The purpose of this paper is to review the contributions of the special issue papers while presenting four broad research avenues. Design/methodology/approach The paper is based on a review of current literature on climate change and carbon accounting. Findings The authors propose four broad avenues for research: climate change as a syste...
Conference Paper
Full-text available
The Joint Research Centre (JRC) of the European Commission and the European Banking Authority (EBA) organized a workshop on November 18-19 at the JRC in Ispra (Italy) on “Banking Regulation and Sustainability”. The joint JRC-EBA Workshop moved forward on the various challenges related to integrating sustainability into the EU banking regulation fra...
Article
In this paper, we conceptualize shareholder activism demanding CSR transparency as an outcome of the marketization of a social movement. We argue that the infusion of profit-oriented motivations into the social justice ideals on which the original shareholder activism movement was founded has contributed to create a conceptualization of CSR as a ri...
Article
In this paper, we study whether and how impression management in the letter to shareholders (LTS) is affected and related to the role of signatory (i.e. the person whose signature appears in the letter). Specifically, we argue and expect that impression management is associated with the underlying incentives to mislead outsiders that stem from the...
Article
This study examines stakeholders’ perceptions of CSR disclosures by exploiting big data about the interactions between firms and stakeholders in social media. Given that social media represent public arenas where divergent – sometimes conflicting - stakeholder interests are present and debated, we draw on organized hypocrisy theory to explore how s...
Article
Building on the socioemotional wealth (SEW) perspective, this study explores environmental disclosure (ED) practices in family firms and investigates whether the firm's life cycle stage plays a moderating role in these practices. We focus on two dimensions of the SEW: family control and influence and family identity. To the extent that different ty...
Article
This study examines sustainability reporting assurance (SRA) provider use of sustainability restatements as a means to create legitimacy in the developing SRA market. In comparison to financial data, mistakes in sustainability reporting are more likely to be made and less likely to be discovered prior to reporting. A lack of clear reporting standar...
Article
This paper examines whether and to what extent CEO personal traits (hubris, in particular) affect firm environmental innovation. Using the overarching theoretical framework of upper-echelons theory, the paper builds on the insights from the corporate strategy, innovation, and corporate social responsibility literatures. We also examine the moderati...
Article
Building on social movement theory, this study assesses the influence of social media activism on the stock market performance of targeted firms. We focus on information published on Twitter by two critical stakeholders: consumer associations and trade unions. To the extent that social media represent a valid medium to mobilize stakeholders' activi...
Article
Purpose – The purpose of this paper is threefold. First, it examines nuances that specific camouflaging perspectives provide to enhance traditional and widely adopted theories in social and environmental accounting. Second, within research on camouflaging, the paper stimulates multidisciplinarity and cross-fertilization by presenting recent develop...
Article
This paper investigates whether pressures from shareholder activism on CSR transparency lead to a change in corporate CSR disclosure. Rather than focusing on whether specific shareholders proposals are implemented, our aim is to understand whether the submission of CSR transparency-related proposals lead firms to increase their level of CSR disclos...
Article
In this paper, we investigate whether the corporate social responsibility (CSR) orientation of a firm affects its reporting incentives, in terms of the trade-off between real earnings management (REM) and accrual-based earningsmanagement (AEM). Furthermore, relying on previous literature on the relationship between legal enforcement and the trade-o...
Article
Full-text available
Motivated by the increasing popularity and attention shareholder proposals on corporate social responsibility (CSR) attract, the purpose of this study is to provide a detailed portrayal of shareholders' demands for CSR through their proposals. To this end, we conduct a descriptive longitudinal study of the CSR proposals submitted to US corporations...
Article
Full-text available
Purpose – The purpose of this paper is to investigate two research questions. Is internal control system (ICS) disclosure, as a monitoring mechanism, associated with the characteristics of the board of directors, particularly the audit committee as the main board committee devoted to the effectiveness of ICS? Does the regulatory environment, partic...
Article
Purpose – Corporate social responsibility (CSR) disclosure is receiving increased attention from the mainstream accounting research community. In general, this recently published research has failed to engage significantly with prior CSR-themed studies. The purpose of this paper is threefold. First, it examines whether more recent CSR reporting dif...
Article
Full-text available
Research on CSR disclosure points to an increasing lack of completeness and decreasing amount of credibility in the information reported, as well as concerns about overall reporting practices. The aim of this paper is to investigate the (ab)use of three CSR reporting practices: the use of stand-alone reports, assurance, and reporting guidance. Thes...
Article
Full-text available
The existing research on corporate social responsibility (CSR) has largely focused on the positive aspect of corporate social performance (CSP) and company performance (CP) and ignored the relationship between actions that would qualify as negative CSP (or weakness in CSP) towards a stakeholder group and company performance. Using data from the KLD...
Article
Purpose – The authors aims to examine, first, what factors appear to lead those US companies that do obtain assurance on their CSR reports to do so, and second, whether this assurance appears to be valued by market participants. Design/methodology/approach – The authors use logistic regression analysis to determine what factors explain the choice...
Article
Full-text available
Using KLD data on more than 900 company's performance over a nine-year period in seven areas of corporate social responsibility (environment, community, corporate governance, diversity, employee relations, human rights, and product quality), this research note re-tests Michelon et al. proxies for prioritization and strategic approaches to CSR. The...
Article
Full-text available
Notwithstanding a growing interest in performance management systems for universities, little is known about their application to academic departments, public institutions dedicated to research. The purpose of the paper is the exploration of a specific performance measurement model - the balanced scorecard strategy map - which is suitable for the p...
Article
This paper explores the application of the Employer Branding model in nonprofit organizations. We focus on attributes of the organization that may affect its attractiveness, identification with the organization, and promotion. We conducted a questionnaire-based survey on actual and potential aidworkers from Emergency, an Italian charity that offers...
Article
Full-text available
Purpose ‐ The purpose of this paper is to present and discuss an accounting innovation in the cost measurement system of rail transport companies. Design/methodology/approach ‐ The authors identify the distinctive features that cost accounting systems should have in order to capture the particular structure of the production process of rail transpo...
Article
Full-text available
The aim of the paper is to investigate the effects of the corporate governance model on social and environmental disclosure (SED). We analyze the disclosures of the 100 U.S. Best Corporate Citizens in the period 2005–2007, and we posit a series of simultaneous relationships between different attributes of the governance system and a multidimensiona...
Article
Using KLD data on the performance of 188 companies over a three-year period in seven areas of corporate social responsibility (CSR) – environment, community, corporate governance, diversity, employee relations, human rights, and product quality – this study examines whether CSR initiatives have a greater impact on company performance (CP) if the co...
Article
In this paper we investigate whether, and how, corporate management strategically uses disclosure to manage the perceptions of different organizational audiences. In particular, we examine the interactions between the FIAT Group and three of its key organizational audiences—the local press, the international press, and the financial analysts, which...
Article
We exploit the Fukushima nuclear disaster as a source of variation in the demand for environmental information to study the economic consequences of environmental disclosure. Using a large, hand-collected sample of Japanese firms, we find that firms that issue stand-alone environmental reports incur a less severe — although economically and statist...
Article
Full-text available
Drawing on stakeholder theory, this paper examines the relationship of board composition, leadership and structure on sustainability disclosure. We discuss that good corporate governance and sustainability disclosure can be seen as complementary mechanisms of legitimacy that companies may use to dialogue with stakeholders. Specifically we claim tha...
Article
Purpose – The purpose of this paper is to investigate the use of graphs in corporate sustainability reports and attempt to determine, first, whether the use of graphs appears to be associated with attempts at impression management, and second, whether differences across three levels of reporting regulatory structure are associated with differences...
Article
Full-text available
This article describes the implementation of the balanced scorecard (BSC) strategy map in a university department. The department is a good example of a complex public sector service organization—therefore the article has relevance beyond universities. The strategy map was found to be an extremely good way of measuring performance. In addition, the...
Article
The possibility of measuring and comparing sustainability performance is generally taken for granted in management studies and practices based on the evaluation, selection and ranking of the supposedly best companies in the field. The purpose of this article is to question this basic assumption by analyzing the comparability of sustainability perfo...
Article
I sistemi di controllo interno (SCI) orientano l’azione del management e contribuiscono alla protezione degli interessi degli investitori (e degli altri stakeholder). La natura di meccanismi di governo interni all’organizzazione, tuttavia, impedisce la diretta osservazione dei SCI da parte degli investitori, i quali possono maturare un proprio giud...
Article
Full-text available
The aim of the paper is to investigate the relationship between board reputation and corporate social performance. Specifically, we claim that corporate social performance may be a function of board attributes and we investigate the association between board reputation – in terms of board composition, competence, diversity, leadership, structure an...
Article
The study addresses the issue of disclosure on internal control system (ICS) recommended by best practices in corporate governance in the light of the agency theory perspective. We posit that reporting on the characteristics of internal control systems is an alternative governance mechanism that management provide to investors when the other device...
Article
Full-text available
Notwithstanding a growing interest towards performance management systems for universities, little is known on their application to academic departments. Being an institution dedicated to research, a department presents specific characteristics: creativity, professional autonomy, low degree of repetitiveness, uncertainty on results, unclear relatio...

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