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dc.contributor.authorUnerman, Jeffery
dc.contributor.authorBebbington, Jan
dc.contributor.authorO'Dwyer, Brendan
dc.identifier.citationUnerman , J , Bebbington , J & O'Dwyer , B 2018 , ' Corporate reporting and accounting for externalities ' , Accounting and Business Research , vol. 48 , no. 5 , pp. 497-522 .
dc.identifier.otherPURE: 252716929
dc.identifier.otherPURE UUID: 210cb84c-7244-4a8c-9f93-8ca0201ab12b
dc.identifier.otherScopus: 85048226707
dc.identifier.otherWOS: 000434262300004
dc.description.abstractExternalities comprise economic, social and/or environmental impacts arising from the activities of an entity that are borne by others, at least in the short term. As they do not feedback directly into immediate financial consequences for the entity, they tend to be outside the remit of financial reporting. A dispersed academic accounting literature on externalities has hitherto developed separately from concerns about what information is appropriate to report on corporate performance. This paper develops insights into accounting for, and reporting of, externalities that are intended to improve the use of externalities information in breaking down silos between the traditionally discrete domains of financial reporting and sustainability reporting, and between silos within sustainability reporting. Challenges in such use of externalities information are explored, including difficulties inherent in quantification of externalities. The paper also highlights ways in which externalities can progressively become internalized, thereby bringing them more readily within the domain of economically-focused financial reporting practices. An agenda for further research to help enhance the accounting for, and reporting of, externalities is also proposed.
dc.relation.ispartofAccounting and Business Researchen
dc.rightsCopyright © 2018, Taylor & Francis. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at
dc.subjectAccounting for externalitiesen
dc.subjectCorporate reportingen
dc.subjectSustainability reportingen
dc.subjectFull cost accountingen
dc.subjectHF5601 Accountingen
dc.titleCorporate reporting and accounting for externalitiesen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.contributor.institutionUniversity of St Andrews.Centre for the Study of Philanthropy & Public Gooden
dc.contributor.institutionUniversity of St Andrews.St Andrews Sustainability Instituteen
dc.description.statusPeer revieweden

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