The quality of information disclosed in corporate annual reports has received a great deal of attention in the last four decades, mostly in developed countries. The relationship between the extent/quality of disclosure in corporate annual reports and the characteristics of the firm has been extensively examined in the literature. Most of the studies in this area have used an index methodology, which is based on developing a general index and relating it to a number of explanatory variables (e.g., asset size, number of shareholders, profitability, listing status) in order to explain cross-sectional variation in the extent of disclosure in such corporate annual reports.
Business ethics is the ethical reflection of a business towards its behaviours and their impacts (Epstein 1987, 1989). This reflection can be shown in its emphasis of corporate values upon integrity, accountability, honesty, trust, fairness, responsibility, cooperation, mutuality, professionalism and open communication (Weeks and Nantel 1992; Kaptein 2004; Schwartz 2005).
I have developed a theoretical framework which I call ‘an Aristotelian approach to business’. As Aristotle is famous largely as the enemy of business, some justification of this approach would seem to be in order. True, he was the first economist. He had much to say about the ethics of exchange and so might well be called the first (known) business ethicist as well. But Aristotle distinguished two different senses of what we call economics: oeconomicus or household trading, which he approved of and thought essential to the working of any even modestly complex society, and chrematisike, which is trade for profit.
For the past thirty years several attempts have been made to describe consumers in terms of their concern about societal problems (Roberts, 1996). As society changed, this concern shifted towards other topics.
There was the socially conscious or socially responsible consumer in the seventies (Anderson and Cunningham, 1972), whose range of action did not reach further than his own community From the late
The 53 countries on the African continent can be divided roughly into three main zones based on their official languages. These three groups are the Arab-speaking countries in North Africa (the Maghreb zone), the French-speaking countries of central and western Africa (the Franc or Francophone zone), and the English-speaking countries of southern, eastern, and western Africa (the commonwealth states or Anglophone zone). Economic activity on the continent is dominated by three countries with Algeria, Egypt, and South Africa contributing