Manuel Larrán Jorge

• Full Professor
• Head of Faculty at Universidad de Cádiz

This study examines the environmental, social and governance (ESG) reporting in 38 public water companies owned by local municipalities from Andalusia. With an adapted measure integrated by 172 indicators drawn from national and international standards, results show a low level and quality of ESG disclosure. Along with the positive relationship wit...

Purpose The purpose of this paper is twofold. First, it identifies whether sustainability reporting has become an institutionalized cultural norm in the daily routines and organizational practices of Spanish public hospitals. Second, it finds out why sustainability reporting has become (or not) an institutionalized norm in the Spanish public hospit...

Purpose Relying on institutional theory and Oliver’s (1991) strategic responses framework, the purpose of this paper is to investigate the different strategies adopted by Spanish public universities to respond to institutional pressures for sustainability reporting. Design/methodology/approach Data were collected from a variety of sources, such as...

Non‐compliance with transparency obligations among publicly owned enterprises has revealed the lack of coercive capacity of the legislation. In this context, literature suggests that mandatory disclosure becomes a matter of company willingness, but this has not been empirically tested so far. Drawing on Oliver's (1991) typology of organizational st...

IMPACT This article reveals a low commitment of Andalusian publicly-owned enterprises with environmental, social and governance (ESG) reporting. The results will be useful for practitioners in public water utilities and other GOEs to improve their level of disclosures. The authors stress that managers need to be trained with the skills necessary to...

IMPACT This article reveals that compliance with mandatory disclosure requirements improves over time. However, simply publishing regulations is not sufficient to drive a substantive change in terms of transparency. This study has implications for regulators and professionals about legitimizing laws passed about accounting and reporting by public s...

Purpose This paper examines the level of sustainability disclosures provided by Spanish hospitals using exclusively the information revealed in their institutional websites. Based on different levels of disclosure, the authors try to find the possible reasons why some Spanish hospitals reveal more sustainability information than others. Design/met...

Purpose This paper addresses the link between earnings management (EM) and corporate social responsibility (CSR) in small and medium-sized enterprises (SMEs). Design/methodology/approach Data were collected from 317 Spanish SMEs to perform: (1) bivariate analysis between EM, CSR and some firm-factors (i.e. size, sector, sector life cycle stage, co...

Purpose This paper aims to examine how the level of corporate governance disclosures by Spanish universities is influenced by a set of variables. Design/methodology/approach To do this, the authors carried out a content analysis of the website disclosures of all Spanish universities identified by the Universities Rectors’ Conference in Spain. Fin...

Purpose The analysis intends to clarify whether higher education institutions place as much value on internal transparency as on external transparency. This study aims to analyze the university budgeting process as a reflection of internal transparency. It also aims to identify the weaknesses of the budgeting process regarding transparency in order...

The public university in Spain, as in most European countries, is supported by contributions from public administrations, which allocate funds to these universities using financing models. The study of the financing models is interesting to know the approaches and strategies of the universities. First, this paper analyzes the different financing wa...

Purpose The purpose of this study is to provide an initial, valid and reliable measure of corporate social responsibility (CSR) in small companies from the theoretical perspective of the stakeholders. Design/methodology/approach To design the multi-item scale or measure a factorial analysis was used. This helped the authors develop the CSR assessm...

Purpose This paper examines the level of mandatory information disclosed by Spanish university foundations on their websites. Design/methodology/approach A content analysis on the Spanish university foundations' websites is performed based on the mandatory reporting requirements indicated in the Spanish Law 19/2013 on Transparency and Good Governa...

This paper explores whether the extent of sustainability information disclosed by Spanish public hospitals is affected by internal characteristics of such organizations as well as by political ideology and socioeconomic variables. We used the institutional, stakeholder, and legitimacy theories to explain different levels of sustainability disclosur...

Purpose The purpose of this paper is to examine the amount of online information reported by Spanish municipal-owned enterprises (MOEs) according to the legal requirements indicated in the Spanish Law 19/2013 on Transparency and Good Governance. In addition, the authors analyze how different variables can affect the extent of online information rep...

Purpose This paper aims to examine the extent of mandatory non-financial information disclosed by Spanish state-owned enterprises (SOEs) and barriers to and/or drivers of such disclosures. Design/methodology/approach To accomplish this task, three data sources were used. To study the extent of non-financial information disclosed and the influence...

Purpose The purpose of this paper is to examine how different variables can affect the amount of information reported by Spanish enterprises owned by the central state as well as by local and regional governments, all categorized as state-owned enterprises (SOEs). Design/methodology/approach Using, as a reference, the obligations of information di...

Purpose Regardless of the noteworthy growth in research and practice associating corporate social responsibility (CSR) with human resource management, little has been written in regard to one major dimension of CSR in small- and medium-sized enterprises (SMEs), as CSR policies and practices are directed toward employees. The purpose of this paper i...

In the business context, many papers have examined whether certain variables can affect sustainability disclosure practices. However, research on universities has mainly been addressed to explore the extent of sustainability information reported with little focus on determining the factors that may affect it. This paper analyzes the influence exert...

This paper examines the attitudes and perceptions of business and accounting students toward corporate social responsibility and sustainability and what are the main variables for explaining differences in such attitudes and perceptions. Secondly, we compare the results of our study with those of the previous literature to determine whether there a...

This study contributes to research on integrated and sustainability reporting at higher-education institutions in the context of voluntary reporting by focusing on an innovative Spanish university. It examines the developments for the implementation of sustainability and integrated reporting at this university by critically analysing what, why, who...

This study contributes to research on integrated and sustainability reporting at higher-education institutions in the context of voluntary reporting by focusing on an innovative Spanish university. It examines the developments for the implementation of sustainability and integrated reporting at this university by critically analysing what, why, who...

From an international view, several papers have analysed how sustainability themes are integrated into the university curricula. In Spain, few studies to date have examined the extent to which universities are incorporating sustainability themes into their curricula. In view of such considerations, this article examines the extent to which sustaina...

Purpose This paper aims to examine how the Master of Business Administration (MBA) curricula of top-ranked business schools are offering stand-alone courses on ethics and corporate social responsibility (CSR). To provide additional evidence, this study tests some hypotheses to contrast the effect of different variables on the inclusion of stand-alo...

In the last 30 years, different economic, political and social changes have taken place in the university sector and this has led to an extensive reform to meet the new societal challenges that these institutions are facing today. This emphasises the social dimension of universities and their important role in society as educators of future leaders...

Purpose The purpose of this paper is to analyse empirically the corporate social responsibility (CSR) strategic effects on the competitive performance of small- and medium-sized enterprises (SMEs) by performing a multiple mediator analysis. Design/methodology/approach The empirical research was conducted in Spanish SMEs. A questionnaire was distri...

Small- and medium-sized enterprises (SMEs) are the main driving force in European economic growth and as such this research aims to provide an insight into SME corporate social responsibility (CSR) practices. Within this scope, the objective is to analyse the level of development of SR practices for a sample of 509 Spanish SMEs, and the impact that...

The role and impact of small and medium enterprises (SMEs) in the economy means that it is becoming increasingly difficult to dismiss the importance of the latter in socially relevant issues as important as employment, innovation and standard of living. Through content analysis, this study mainly provides a literature survey about the concept of Co...

The role and impact of small and medium enterprises (SMEs) in the economy means that it is becoming increasingly difficult to dismiss the importance of the latter in socially relevant issues as important as employment, innovation and standard of living. Through content analysis, this study mainly provides a literature survey about the concept of Co...

Purpose Numerous sustainability assessment tools are being created and applied in the higher education sector. In light of such diversity, there is a need to provide a common guideline for sustainability assessment which makes easier the comparison among universities. Using as a reference the Spanish university system, the main aim of this paper is...

Gender issues in higher educational institutions have attracted increasing levels of attention from researchers in recent decades. As a result, many studies have called for greater gender equity between men and women in universities. However, there is a lack of sufficient literature review studies that investigate gender differences between faculty...

This article analyses the different theories that have been used as reference to conceptuallyjustify the commitment with social responsibility of the universities. On this basis, the main objective has been to justify which theory adjusts best to the precepts of the term social responsibility of universities (RSU) given the need to create a useful...

This paper focuses on the measurement of five main dimensions of CSR (suppliers, customers, employees, the local community and environmental responsibility) in a single integrative construct. The link between CSR and business value has been investigated, but a significant research gap remains when considering the relationship between CSR and innova...

The sustainability and social responsibility issues in higher educational institutions have attracted an increasing level of attention from both public and private policy makers over the last decades. This study analyzes the level of implementation of sustainability and social responsibility issues by Spanish universities in different areas (e.g. c...

Policy documents are commonly identified as key outcomes that guide initiatives directed by senior university leaders towards sustainability through plans and policies. Many studies have called for a more integration of sustainability into universities. Nevertheless, the interest in sustainability issues has been more recent in the specific case of...

This paper provides a web-content analysis of the curriculum and subjects of the top accounting and auditing masters identified in the Eduniversal 2012–2013 ratings of the best business schools in the world. The main aim of this study is to analyze the influence exerted by different factors on the extent to which accounting programs are incorporati...

In a financial economic scenario in which the corporate survival of small and medium enterprises (SMEs) is more conditioned than ever by competitive performance, this paper aims to show that the strategic incorporation of socially responsible actions, more concerned and engaged with stakeholders, contributes to improve the competitiveness of these...

The purpose of the work reported in this paper is to establish the value relevance of earnings, operating cash flows and accruals for UK companies. Innovations in this paper are threefold: the use of a valuation rather than a returns model to test value relevance; the prior that earnings and cash flow measure are complementary rather than competing...

The increasing social concern about the protection and improvement of the environment has transformed environmental commitment into a new strategic via channel through which to achieve competitiveness in firms. Nevertheless, to date, limited research on this subject has focused on small and medium enterprises. This study addresses this gap by shedd...

Purpose – This study aims to analyze the main factors that might determine the extent to which Spanish organizational management educators use environmental stand-alone subjects to equip students with alternative views of business. To give a more qualitative study, this paper also provides a more detailed curriculum analysis from a double point of...

La "dimensión social de la Educación Superior", pasó de no estar específicamente descrita en la génesis de la Declaración Ministerial de Bolonia (1999) a partir de la que se creó el Área de Educación Superior Europea, a convertirse en un tema central de las Declaraciones posteriores. En ellas se reconoció la importante influencia que las institucio...

Deși nu a fost un element principal al Declarației comune a Miniștrilor Educației din Europa de la Bologna (1999), care a creat Spațiul European al Invățământului Superior (SEIS) www.ehea.info), dimensiunea socială a învățământului superior a devenit un punct central în declarațiile ulterioare care au recunoscut rolul deosebit de important al insti...

En este trabajo se han analizado las diferentes teorías que han sido utilizadas como referencia para justificar conceptualmente el compromiso con la responsabilidad social de las universidades. Sobre estas pautas, el principal objetivo ha sido justificar cuál es la teoría que mejor se ajusta a los preceptos del término responsabilidad social univer...

There is, without a doubt, an increasing awareness of the questions associated with Corporate Social Responsibility (CSR), not only from an academic point of view, but also from a social dimension. Within this framework, this paper analyzes the level of development of CSR in Small and Medium Sized Enterprises, and the relationship that this level o...

This paper describes the evolution of the Corporate Social Responsibility in Small and Medium enterprises research over the 1976-2013 time periods. We have compiled a database of the 321articles focused on the field published in journals included in the Social Science Citation Index. Bibliometric methods and techniques are used to describe the evolu...

This article analyses the different theories that have been used as reference to conceptually justify the commitment with social responsibility of the universities. On this basis, the main objective has been to justify which theory adjusts best to the precepts of the term social responsibility of universities (RSU) given the need to create a useful...

Sustainability issues in higher educational institutions have attracted increasing levels of attention from both the public and policy-makers in recent decades. Many studies have called for a more integration of sustainability into mainstream university operations and curricula. Nevertheless, the interest in sustainability issues has been more rece...

This paper describes the evolution of the corporate social responsibility in small and medium enterprises research over the period 1976-2013. A database has been complied of the 321 articles focused on this field published in journals included in the Social Science Citation Index. Bibliometric methods and techniques are used to describe the evolutio...

The discussion on the financing of Higher Education, particularly national universities, is not new. However, due to the effective application and implementation of the directives currently developed by the European Higher Education Area, this debate has been taken up again with greater intensity. In light of the above, this work assesses the timel...

Sustainability issues in higher educational institutions have attracted increasing levels of attention from both the public and policy makers in recent decades. A number of previous studies have called for a more comprehensive integration of sustainable development into mainstream university operations and curricula. However, there is a lack of suf...

This paper is the second part of an article, the first part of which was published in REDC, 2013, n°3. The aim of this paper is to analyse the opinion of academics in the field of accounting about their research productivity and the factors that could explain the differences with respect to other areas. It is a cross-sectional study of the populati...

Las prácticas Responsabilidad Social Empresarial (RSE) se han configurado como un área de interés entre los académicos e investigadores. Sin embargo, la mayor parte de estudios se centran en organizaciones de mayor dimensión, siendo escasos los trabajos centrados en las pequeñas y medianas empresas (Pymes) y más concretamente en el ámbito de las em...

The field of corporate social responsibility has grown exponentially in the last decade. These practices have been configured as an area of interest among academics and researchers. However, most studies focus on larger organizations, with few studies focusing on small and medium enterprises (SMEs) and more specifically in the field of family busin...

The current economic crisis, unsustainable growth, and financial scandals invite reflection on the role of universities in professional training, particularly those who have to manage businesses. This study analyzes the main factors that might determine the extent to which Spanish organizational management educators use corporate social responsibil...

Recent outbreaks of ethical failings and revelations about questionable or abusive practices by corporations have prompted fresh concern over the societal impact of corporate activities and the extent to which managers are responsive to society's expectations. Based on this statement, this study focuses on determining whether there are significant...

To a great extent, the future success of corporate social responsibility (CSR) will depend on the attitude of future generations, as these generations will influence relations between business and society, whether as citizens, customers or managers. Therefore, business and marketing educators can play a fundamental role due to the impact of the inc...

En líneas generales, el éxito futuro de la responsabilidad social corporativa (RSC) dependerá de la actitud de las futuras generaciones, dado que ellas influirán tanto en las relaciones entre empresa y sociedad, como ciudadanos, clientes o directivos. Es por lo anterior que cada vez existe una mayor preocupación sobre el papel que debieran asumir l...

El presente trabajo constituye una aproximación empírica a la relación que la RSE y el éxito competitivo mantienen en el ámbito de las pymes. A través del mismo se ha podido contrastar que la implementación de un comportamiento socialmente responsable no incide negativamente sobre la competitividad, sino que más bien al contrario, contribuye a mejo...

The objective of this paper is to analyze the opinions of accounting professors about The National Accreditation System, as well as about the valuation of the criteria. The survey results show that the accounting community is not satisfied with the excessive weight given to ISI journals. In addition, there is a general belief that the current syste...

Social responsibility of organizations is becoming a key factor for the operation, maintenance and long-term survival, so that companies in general are concerned not only to carry out socially responsible practices but to make them known through social responsibility reports or sustainability. In the realm of big business, the fact or not to disclo...

Using as a reference the opinion of university managers and Social Boards, the aim of this paper is to ascertain the presence of significant differences regarding the main barriers and drivers found in Spanish universities to develop practices for the implementation of corporate social responsibility (CSR). The main finding is related to the lack o...

Social responsibility of organizations is becoming a key factor for the operation, maintenance and long-term survival, so that companies in general are concerned not only to carry out socially responsible practices but to make them known through social responsibility reports or sustainability. In the realm of big business, the fact or not to disclo...

The interest aroused by the social responsibility in the academic and professional arena is encouraging endless discussion in many forums. However, the attention paid to large corporations and small- and mediumenterprises (SMEs) has been different. Therefore, in order to contribute to the understanding of Corporate Social Responsibility (CSR) in th...

Given the diversity of statemets issued in recent years in order to meet the information needs on socially responsible behaviour of organizations, this research aims to develop a broad guide which helps to identify the different actions and strategies related to sustainability. From the analysis of the framework elaborated and 15 different standard...

La crisis actual, el crecimiento insostenible, los escándalos financieros, exigen una reflexión sobre el papel de las universidades en la formación de profesionales, particularmente de aquéllos que tienen que administrar y gestionar empresas. En este sentido, existe una percepción de que la formación en valores éticos y en una conducta socialmente...

The different studies that have explored the effects of family ownership and control on SME's efficiency have reached disparate, and even contradictory, findings. This paper discusses the limitations of these studies and, drawing on them, proposes a specific model based on three elements: 1. an ordinal categorical variable that allows us to measure...

Los distintos trabajos que han explorado los efectos de la propiedad y el control familiar sobre la efi ciencia de las pequeñas y medianas empresas han llegado a conclusiones dispares e incluso, en muchos casos, contradictorias. Este trabajo discute las limitaciones presentes en este tipo de estudios y, partiendo de ellas, propone un modelo específ...

This paper proposes an analysis of efficiency differences between family and non family controlled SME’s. The financial and organisational peculiaritiesof this kind of firms are discussed, drawing on Agency and Transaction Costs theories. Due to the empirically demonstrated importance of size in the differentiation between these two types of organi...

El objetivo de este trabajo es determinar si en el mercado de crédito existen restricciones, tanto en el acceso al crédito como en sus condiciones comerciales, a las empresas de menor tamaño o con menor vinculación con su entidad financiera habitual, y si el racionamiento del crédito bancario es percibido correctamente por las empresas. Para ello,...

El objetivo de este trabajo es determinar si en el mercado de crédito existen restricciones, tanto en el acceso al crédito como en sus condiciones comerciales, a las empresas de menor tamaño o con menor vinculación con su entidad financiera habitual, y si el racionamiento del crédito bancario es percibido correctamente por las empresas. Para ello,...

La importancia económica y social de las empresas familiares ha propiciado el interés por analizar los factores que pueden condicionar su supervivencia y mejorar sus resultados económicos. Desde el punto de vista financiero, nos centramos en el racionamiento de crédito, como consecuencia última de las restricciones que en ocasiones las entidades fi...

Partiendo de una muestra de 765 pequeñas y medianas empresas, este artículo presenta un estudio exploratorio de la medida en la que la propiedad familiar incide sobre la orientación estratégica de este tipo de organizaciones. A través de un análisis clúster, se identificaron conglomerados de empresas dentro de la muestra, que se asocian con diferen...

En el presente trabajo se analiza la puesta en marcha en nuestro país de una modalidad de negocio bancario con un soporte innovador, y relativamente reciente, como es Internet. Se trata, pues, de los bancos independientes, que operan principalmente a través de la red, creados por los tres grandes grupos bancarios nacionales en el año 2000, y de cóm...

Las empresas cotizadas organizan regularmente encuentros restringidos con analistas financieros en aras del flujo de información con el mercado y la correcta valoración de sus títulos. El objetivo de este estudio es analizar las variables que influyen en el empleo de presentaciones a analistas por parte de las empresas integrantes en el Índice Gene...

Presentations to analysts are used by listing companies in order to disclose information and avoid the undervaluation of their securities. The aim of this paper is to analyse the use of presentations to analysts in the Spanish Capital Market and the determinants of the decision to hold these presentations. Our empirical study was performed on the S...

El presente trabajo realiza una revisión teórica de una de las aportaciones que más impacto ha tenido en los últimos tiempos en la literatura contable, el trabajo de Ohlson (1995). El análisis realizado se basa en una revisión bibliográfica centrada en tres aspectos diferenciados: el marco teórico del modelo, su forma funcional así como de la valid...

The objective of this paper is to assess the information dealing with intellectual capital that firms disclose in presentations to sell-side analysts and the influences on these disclosures. Analysis of a sample of 257 reports from listed Spanish companies for 2000-2001 shows differences in disclosure levels by categories of intellectual capital. C...

The important role played by Small and Medium-sized Enterprises in any contemporary economy as a motive force for generating employment and wealth is universally acknowledged and therefore this work is based upon a more detailed study concerning the efficiency of SMEs. Therefore by analysing a sample of 816 SMEs, we aim to study the information pub...

The important role played by Small and Medium-sized Enterprises in any contemporary economy as a motive force for generating employment and wealth is universally acknowledged and therefore this work is based upon a more detailed study concerning the efficiency of SMEs. Therefore by analysing a sample of 816 SMEs, we aim to study the information pub...

El objetivo del presente trabajo, basado en una revisión de la literatura empírica más relevante, es el analizar los costes y beneficios asociados a las políticas de divulgación de información financiera, así como los factores que puedan estar más relacionados con la extensión de la información publicada por las empresas. Entre los costes asociados...

El objetivo del presente trabajo, basado en una revisión de la literatura empírica más relevante, es el analizar los costes y beneficios asociados a las políticas de divulgación de información financiera, así como los factores que puedan estar más relacionados con la extensión de la información publicada por las empresas. Entre los costes asociados...

The aim of the present paper is to integrate prior disclosure studies in order to analyse the benefits and costs associated to voluntary disclosure policies and the explanatory factors related to the extent of reporting. Among the costs of disclosure we highlight the direct costs of processing, disseminating and auditing the information, and other...

The objective of this paper is to analyse cross-national differences in the predictive ability of This study analyses the market for voluntary information in the Spanish capital market. It covers the agents who operate in the capital market; the information which is disseminated; the perceptions of providers and users concerning the usefulness of f...

El uso de Internet extiende y amplia las posibilidades de la gestión de la información empresarial, tanto interna como externamente, y ofrece vías de llevar a cabo nuevas formas de comercio, publicidad, y de comunicación financiera con el exterior. El objetivo del presente trabajo*, después de señalar de forma sintética las ventajas e inconveniente...

Es conocido que, dada la diferente naturaleza de las relaciones existentes entre los agentes que actúan en el mercado de capitales, coexiste una oferta mínima y regulada de información con un mercado de información voluntaria. Esta última se transmite y divulga, fundamentalmente, a través de canales privados de comunicación. Los demandantes de esta...

During the last decade there has been a profound revolution in the information technology by means of the Internet, and obviously accounting has been directly affected by this change. Although the main objective of this paper is to study the use of the Internet by Spanish companies to disclose financial information, we also discuss about the reason...

El objetivo, bajo diferentes perspectivas, del presente trabajo sería el análisis de los pronósticos de beneficios por acción emitidos por los analistas financieros en España. Nos centramos en los pronósticos de resultados, no porque sea el output más importante relacionado con el trabajo de los analistas, sino por ser una de las actividades o prod...

2.º Premio Estudios Financieros 2000Modalidad: Contabilidad y Administración de Empresas En este trabajo se somete a estudio la historia de la regulación contable en España, partiendo de la asunción de que la situación actual, en lo que se refiere a la conducta de las empresas en la confección y divulgación de información contable, no puede quedar...

In this paper we investigate the value-relevance of consolidated versus parent company accounting information. In particular we investigate the value relevance of the minority interest components of net total assets and earnings as currently reported and under the full entity approach to consolidated reporting. An Edwards-Bell-Ohlson valuation fram...

En el presente trabajo se analizará bajo una perspectiva empírica uno de los activos empresariales más controvertidos como es el fondo de comercio. Dicha controversia no se materializa únicamente en su definición, sino también en su cuantificación y tratamiento contable, dando lugar en los últimos años a una importante línea de investigación centra...