Interrogating the environmental accountability of foreign oil and gas companies in Basra, Iraq: a stakeholder theory perspective

IF 3.5 Q1 BUSINESS, FINANCE
Leanne J. Morrison, Alia Alshamari, Glen Finau
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引用次数: 2

Abstract

Purpose This paper aims to interrogate the accountabilities of the foreign companies which have directly invested in the Iraqi oil and gas industry. Design/methodology/approach Using both qualitative and quantitative methodologies, the authors first map the stakeholder accountabilities (qualitative) of foreign oil and gas companies and second, the authors seek to demonstrate quantitatively – through structural break tests and publicly available sustainability reports – whether these companies have accounted for their environmental and social impacts both to Iraqi people and to the global community. Findings The authors find that the Western democratic values embedded in stakeholder theory, in terms of sustainability, do not hold the same meaning in cultural contexts where conceptions and application of Western democratic values are deeply problematic. This paper identifies a crucial problem in the global oil supply chain and problematises the application of traditional theoretical approaches in the context of the Iraqi oil and gas industry. Practical implications Implications of this study include the refocus of attention onto the local and global environmental impacts of the Iraqi oil and gas industry by foreign direct investments. Such a refocus highlights the reasons and ways that decision makers should accommodate these less salient stakeholders. Originality/value The primary contribution is the critique of the lack of environmental accountability of foreign direct investment companies in the Iraqi oil and gas industry. The authors also make theoretical and methodological contributions via the problematisation of the cultural bias inherent in traditional stakeholder theories, and by introducing a quantitative method to evaluate the accountabilities of companies.
在伊拉克巴士拉审问外国石油和天然气公司的环境责任:利益相关者理论的视角
本文旨在探讨直接投资于伊拉克石油和天然气行业的外国公司的问责制。设计/方法/方法采用定性和定量方法,作者首先描绘了外国石油和天然气公司的利益相关者问责制(定性),其次,作者试图通过结构断裂测试和公开的可持续性报告,定量地证明这些公司是否考虑了它们对伊拉克人民和全球社会的环境和社会影响。作者发现,就可持续性而言,利益相关者理论中嵌入的西方民主价值观在西方民主价值观的概念和应用存在严重问题的文化背景中并不具有相同的意义。本文确定了全球石油供应链中的一个关键问题,并对传统理论方法在伊拉克石油和天然气行业中的应用提出了质疑。本研究的实际意义包括重新关注外国直接投资对伊拉克石油和天然气工业的当地和全球环境影响。这种重新聚焦强调了决策者应该适应这些不太突出的利益相关者的原因和方式。主要贡献是对伊拉克石油和天然气行业的外国直接投资公司缺乏环境问责制的批评。作者还通过对传统利益相关者理论中固有的文化偏见的问题化,以及通过引入定量方法来评估公司的问责制,在理论和方法上做出了贡献。
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来源期刊
Meditari Accountancy Research
Meditari Accountancy Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
14.30%
发文量
66
期刊介绍: Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.
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