Determinants of Conflict Minerals Disclosure Under the Dodd–Frank Act
研究了122家公司在2015年向美国证券交易委员会提交的冲突矿产披露，发现长期激励、董事会会议次数、公司治理和可持续指数纳入与披露水平正相关，为供应链经理、企业报告者和政策制定者提供启示。
Abstract This paper examines conflict minerals disclosure (CMD) as mandated by the Dodd–Frank Act. We rely on a thorough content analysis conducted by the Responsible Sourcing Network on a sample of 122 firms that filed CMDs with the US Securities and Exchange Commission in 2015. We document that firms with long‐term oriented incentives, a greater number of board meetings, strong corporate governance systems and inclusion in a sustainability index are associated with higher levels of CMD. Our results suggest that in the presence of enforcement leniency, both internal and external firm‐specific factors affect strategic (non‐)compliance with a mandatory social disclosure regime. We provide implications for supply chain managers, corporate reporters and policy‐makers involved in the adoption of responsible sourcing strategies. © 2018 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd