Publications HAL

2021

Journal articles

titre
What are the environmental capabilities, as components of the sustainable intellectual capital, that matter to the CEOs of European companies?
auteur
Elisabeth Albertini
article
Journal of Intellectual Capital, Emerald, 2021, ahead-of-print (ahead-of-print), ⟨10.1108/JIC-06-2020-0215⟩
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titre
Voluntary disclosure and intellectual capital: how CEOs mobilise discretionary accounting narratives to account for value creation stemming from intellectual capital
auteur
Elisabeth Albertini, Stéphane Lefrancq, Laurence Morgana, Miloš Petković, Élisabeth Walliser, Fabienne Berger-Remy
article
Journal of applied accounting research, Emerald, 2021, ahead-of-print (ahead-of-print), ⟨10.1108/JAAR-04-2020-0073⟩
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Conference papers

titre
Understanding Environmental Social and Governance analysis: A practical theoretical analysis
auteur
Elisabeth Albertini, T. Lescuyer
article
6th CSEAR conference (Centre for Social and Environmental Accounting Research), 2021, Nantes (online), France
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titre
External accountability requirements in not-for-profits: a critical approach
auteur
Julie Rouault, Elisabeth Albertini
article
42ème congrès de l’Association Francophone de Comptabilité – EM Lyon, 2021, Online, France
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2020

Book sections

titre
The integrated report: a potential source of information on sustainable value creation
auteur
Elisabeth Albertini, C. Cho
article
Charl de Villiers, Pei-Chi Kelly Hsiao, Warren Maroun. The Routledge Handbook of Integrated Reporting, Routledge, 2020
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2019

Journal articles

titre
The Contribution of Management Control Systems to Environmental Capabilities
auteur
Elisabeth Albertini
article
Journal of Business Ethics, Springer Verlag, In press, ⟨10.1007/s10551-018-3810-9⟩
resume
A growing number of companies are implementing proactive environmental strategies with the objective of gaining competitive advantage through an enhanced reputation, the reduction of production costs and a first-mover advantage in the green product market. Yet according to the natural-resource-based view, the development and maintenance of unique and valuable environmental capabilities are the central elements allowing companies to gain financial benefit from their proactive environmental strategy. In this context, management control systems can contribute to the development of environmental capabilities by focusing attention on strategic priorities and stimulating dialogue. Through a single case study, and building on Simons' (1995) four levers of control, we propose a conceptual framework of management control levers that show how companies can enhance (1) stakeholder integration capability through the joint use of belief, boundary and diagnostic control systems; (2) shared vision capability through the joint use of the belief and boundary systems; (3) organizational learning capability through the use of interactive control systems and to a lesser extent diagnostic control systems; and (4) continuous innovation capability through the use of interactive control systems, belief systems and to a lesser extent diagnostic control systems.
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https://halshs.archives-ouvertes.fr/halshs-02007194/file/Albertini%20Case%20Study%20JBE%202018%20.pdf BibTex
titre
Intellectual Capital and Financial Performance: A Meta-Analysis and Research Agenda
auteur
Elisabeth Albertini, Fabienne Berger-Remy
article
M@n@gement, AIMS (Association internationale de management stratégique), 2019, 22, pp.216 - 249
resume
In the post-industrial economy, intellectual capital (IC) in the form of human, structural or relational capital is becoming a crucial factor for a firm's long-term performance, as it constitutes a competitive advantage from the resource-based theory perspective. Previous research led to a fragmented view of IC, as the relationship between IC and corporate financial performance has been mostly studied mobilizing human, structural or relational capital components in isolation. Furthermore, most studies conclude that even though the relationship is positive, it remains at best unclear. Another unsolved issue lies in value capture-namely, who, among various stakeholders, benefits most from the value created by IC. Using a statistical meta-analysis of 75 empirical studies from 1992 to 2017, this research shows that human capital (HC), structural capital (SC) and relational capital (RC) do not influence corporate financial performance to the same extent. This can be explained by the characteristics of IC components in term of ownership, tradability and timespan, and the beneficiary of the value created, being the company, the investor or the customer. This work, then, contributes to an extended view of resource-based theory, mostly by highlighting that some IC components are interrelated in their association with financial performance. Lastly, this research opens new avenues for research in four directions: (1) identification and classification of IC components; (2) understanding of the combination and orchestration of intangible assets; (3) improvement of indicators and measurement systems of IC; and (4) enhancement of the understanding of value creation through narrative means, namely extra-financial disclosure and corporate communication.
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https://hal.archives-ouvertes.fr/hal-02139763/file/Albertini%20_Berger-Remy%20Management%202019.pdf BibTex

Conference papers

titre
A Fresh look at intellectual capital in the post-industrial era
auteur
Elisabeth Albertini, Fabienne Berger-Remy, Stéphane Lefrancq, Laurence Morgana, Élisabeth Walliser, Petkovic Milos
article
15th EIASM Interdisciplinary conference, Sep 2019, Coimbra, Portugal
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titre
An exploratory survey of digital capital as envisioned by CEOs
auteur
Elisabeth Albertini, Fabienne Berger-Remy, Stéphane Lefrancq, Morgana Laurence, Petkovic Milos, Élisabeth Walliser
article
19th conference European Academy of Management (EURAM), Jun 2019, Lisbon, Portugal
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titre
An inductive typology of environmental capabilities: the CEO’s point of view
auteur
Elisabeth Albertini
article
5ème CSEAR conference, Jun 2019, Paris, France
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titre
Revisiter le capital immatériel à l'ère post-industrielle
auteur
Elisabeth Albertini, Fabienne Berger-Remy, Stéphane Lefrancq, Morgana Laurence, Petkovic Milos, Élisabeth Walliser
article
40ème congrès de l'Association Francophone de Comptabilité (AFC), May 2019, Paris, France
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titre
A new typology of intellectual capital in the post-industrial era
auteur
Elisabeth Albertini, Fabienne Berger-Remy, Stéphane Lefrancq, Morgana Laurence, Petkovic Milos, Élisabeth Walliser
article
XIVèmes Journées d'Histoire, du Management et des Organisations (JHMO), Mar 2019, Nice, France
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titre
Une nouvelle typologie du capital intellectuel à l'ère post-industrielle
auteur
Elisabeth Albertini, Fabienne Berger-Remy, Stéphane Lefrancq, Laurence Morgana, Petkovic Milos, Élisabeth Walliser
article
XXIVème Journées d'Histoire du Management et des Organisations, Mar 2019, Nice, France
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Books

titre
Comprendre tout le reporting financier (2e édition)
auteur
Elisabeth Albertini, Stéphane Lefrancq
article
Vuibert, 2019
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2018

Journal articles

titre
Integrated reporting in France: a failure of reducing the information asymmetries about sustainability
auteur
Elisabeth Albertini
article
Sustainability Accounting, Management and Policy Journal, Emerald, 2018
resume
Purpose: This paper aims to determine how integrated reporting (IR) can effectively report on multiple capitals that, when taken together, should create value in a sustainable way, with the objective of reducing information asymmetry. Design/methodology/approach: To answer this research question, a qualitative content analysis was conducted of the IR disclosed by the French companies in the period 2013-16. Findings: The study reveals that information asymmetry is not reduced since companies mention only some capitals as inputs to their value creation process while almost entirely excluding natural capital. Moreover, companies disclose only positive information, mainly about their financial capital, without mentioning any destruction of capital, especially natural capital. Finally, the lack of compulsory reporting prevents any comparison between companies or over time. Research limitations/implications: Given its exploratory nature, this research presents several limitations. First, only a few companies have disclosed an IR in France, preventing the generalization of the findings to a larger number of companies. Second, the IR studied covered a period of only four years, preventing the generalization of the findings over a longer period of time. Practical implications: This paper provides insights about the information disclosed through IR in French companies and has implications for adopters and regulators.
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https://hal.archives-ouvertes.fr/hal-02148574/file/SAMPJ_IR-Asymmetry%20information-EA.pdf BibTex

Book sections

titre
What we know about business strategies for sustainability - An inductive typology of the research
auteur
Elisabeth Albertini
article
Helen Borland, Adam Lindgreen, Francois Maon, Véronique Ambrosini, Beatriz Palacios Florencio, Joelle Vanhamme. Research Anthology – Business Strategy for Sustainability, Routledge, 2018
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titre
Le contrôle de gestion social et environnemental
auteur
Elisabeth Albertini
article
Comprendre le contrôle de gestion, l’essentiel pour les non spécialistes, Vuibert, 2018
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Habilitation à diriger des recherches

titre
La communication extra-financière : activités socialement responsables, capital immatériel et création de valeur des entreprises
auteur
Elisabeth Albertini
article
Gestion et management. Université paris 1 Panthéon-La Sorbonne; IAE Paris, 2018
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https://hal.archives-ouvertes.fr/tel-02007298/file/HDR_Albertini_T1.pdf BibTex

Books

titre
Consolidation en normes IFRS
auteur
Stéphane Lefrancq, Elisabeth Albertini, Hervé Kohler
article
Vuibert, 2018, 978-2-311-40543-9
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2017

Journal articles

titre
What We Know About Environmental Policy: An Inductive Typology of the Research
auteur
Elisabeth Albertini
article
Business Strategy and the Environment, Wiley, 2017, 26 (3), pp.277 - 287. ⟨10.1002/bse.1913⟩
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titre
Pour une pédagogie des normes comptables internationales
auteur
Elisabeth Albertini, Stéphane Lefrancq
article
Revue Française de Comptabilité, Ed. comptables-Malesherbes, 2017
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titre
WHAT WE KNOW ABOUT THE ENVIRONMENTAL POLICY: AN INDUCTIVE TYPOLOGY OF THE RESEARCH
auteur
Elisabeth Albertini
article
Business Strategy and the Environment, Wiley, 2017
resume
Environmental performance is a multidimensional concept that is difficult to measure since it concerns either the pollution generated by companies, their energy consumption and their different environmental policies. Academic research has used objective and/or non-objective indicators to measure this performance, dealing with both its managerial and measurement dimensions. This paper provides an inductive typology of the academic work concerning environmental policy through a computerized content analysis of 151 articles from 1992 to 2014 related to the management and measurement of environmental performance. The results highlight four major themes around which the academic research is organized: the relationship between environmental and financial performance, environmental performance under stakeholder engagement and institutional pressures, the strategic management of environmental performance, and increasing awareness of the sustainable development issue. Environmental performance research has evolved from a quantitative towards a more managerial dimension, highlighting the integration of performance within the management of a corporate business strategy.
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https://hal.archives-ouvertes.fr/hal-02148591/file/Environmental_measure-R1.pdf BibTex

Conference papers

titre
Integrated reporting: a failure of reducing the information asymmetries
auteur
Elisabeth Albertini
article
17th European Academy of Management, 2017, Glasgow, United Kingdom
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titre
Integrated reporting: a failure of reducing the information asymmetries
auteur
Elisabeth Albertini
article
38ème congrès de l’Association Francophone de Comptabilité, 2017, Poitiers, France
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2016

Journal articles

titre
An inductive typology of the interrelations between different components of intellectual capital
auteur
Elisabeth Albertini
article
Management Decision, Emerald, 2016, 54 (4), pp.887-901. ⟨10.1108/MD-09-2015-0425⟩
resume
Purpose: The purpose of this study is to enhance knowledge of the full set of interrelations between intellectual capital (IC) components by providing an inductive typology of their strategic interactions. Design/methodology/approach: To answer the research question we conducted a content analysis of CEOs' letters to shareholders published by 122 companies among the 200 first companies from the Fortune Global 500 from 2008 to 2012. Findings: The results show that these three IC components interact with each other around the central position held by relational and structural capital. Our findings underline the evolution of these interrelations over the period studied suggesting a strategic use of an IC components' framework according to the economic context faced by a company. Research limitations/implications: The study is based on the CEOs' letters that might limit the generalization of the findings. Nonetheless, this research highlights a full and fruitful set of interrelations between IC components providing a business practices-oriented typology. Practical implications-This study provides deep insights into the interrelations between IC components that can significantly help managers to identify the strategic connections between IC dimensions. Originality/value-This study contributes to the literature by expanding the actual academic classification of IC to five clusters of components. This research highlights that relational capital interacting with structural capital holds a central position in companies' business strategy.
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https://hal.archives-ouvertes.fr/hal-02139769/file/MD-IC%20typology%20Main%20document%20V2%20%281%29.pdf BibTex

Conference papers

titre
Does-it to pay to sustain a brand? A meta-analysis of the relationship between intellectual capital and the financial performance of the firm
auteur
Elisabeth Albertini, Fabienne Berger-Remy
article
European Academy of Management conference, 2016, Paris, France
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titre
Achieving organizational identification and employee commitment through CSR communication
auteur
Elisabeth Albertini, Ouiam Kaddouri
article
76th Annual Meeting of the Academy of Management, 2016, Anaheim, United States
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2014

Journal articles

titre
A Descriptive Analysis of Environmental Disclosure: A Longitudinal Study of French Companies
auteur
Elisabeth Albertini
article
Journal of Business Ethics, Springer Verlag, 2014, 121 (2), pp.233 - 254. ⟨10.1007/s10551-013-1698-y⟩
resume
For the last 15 years, companies have extensively increased their environmental disclosure relative to their environmental strategy in response to institutional pressures. Based on a computerized content analysis of the annual reports of the 55 largest French industrial companies, we describe environmental disclosure with respect to the different strategies implemented by companies over a period of 6 years. The results show that environmental disclosure becomes more and more technical and precise for all the companies. Environmental innovations are presented as a means of increasing energy efficiency and of obtaining a competitive advantage in green market products. The environmental management system implemented by proactive companies allows them to improve their environmental performance. However, the results show that the economic situation significantly influences the way environmental issues are addressed.
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Conference papers

titre
Ethics in the Letter for Shareholders
auteur
Elisabeth Albertini, Olivier Charpateau, Bruno Oxibar
article
EBEN Annual Conference 2014, Jun 2014, Berlin, Germany. pp.39
resume
This paper proposes a qualitative study of the ethical values that chairmen use in the letter included in the annual report of 52 listed French firms. An in depth study of the European and North American ethical and moral philosophy enables us to build a grid of concepts within the letters. The aim of the paper is to define what kind of ethical values the chairman discloses and if the nature of values communicated to the shareholders depends on the economical environment. Therefore, we scrutinized the evolution of ethical values between 2007 and 2010. Results show that being a listed firm doesn’t induce a common use of ethical values in the letters. The letter contains several different concepts of ethics but the most important remains the financial one. But some firms disclose only one ethical value, some show substitution of values, and some an increase and an enrichment of the nature of ethical values. Our observation enhances the identification of some stereotypes of ethical values configurations that are independent from activities or size. We discuss the results and link them to practical situations and some theoretical propositions in the corporate social responsibility field.
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https://hal.archives-ouvertes.fr/hal-01492275/file/ETHICS_IN_LETTER_FOR_SHAREHOLDERS.pdf BibTex

2013

Journal articles

titre
Does Environmental Management Improve Financial Performance? A Meta-Analytical Review
auteur
Elisabeth Albertini
article
Organization and Environment, SAGE Publications, 2013, 26 (4), pp.431 - 457. ⟨10.1177/1086026613510301⟩
resume
The relationship between corporate environmental performance and financial performance has received a high degree of attention in research literature and the results are still contradictory. Most of the findings have shown that environmental performance improves financial performance while others have suggested that the relationship is neutral or even negative. Our article integrates prior research studying this relationship and identifies the potential moderators that may have played a role in the apparent inconsistent results observed to date. We conducted a meta analysis of 52 studies over a 35-year period that confirms a positive relationship between environmental performance and financial performance. Moderators' analysis reveals that the relationship is significantly influenced by the environmental and financial performance measures, the regional differences, the activity sector and the duration of the studies. After discussing the theoretical and managerial implications, this meta-analysis tries to answer the question: "When and how does it pay to be green?
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Book sections

titre
Le contrôleur de gestion : « expert du chiffre » ou « business partner » ?
auteur
Damien Mourey, Elisabeth Albertini
article
Stéphane Saussier, Aude Le Lannier. Master Management des entreprises : L’essentiel de la gestion par les meilleurs professeurs, Eyrolles, pp.105-122, 2013
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Theses

titre
Le Management et la Mesure de la Performance Environnementale
auteur
Elisabeth Albertini
article
Gestion et management. Université Panthéon-Sorbonne - Paris I, 2013. Français. ⟨NNT : ED533⟩
resume
Cette thèse se propose d'étudier la problématique de la mesure et du management de la performance environnementale au travers de quatre articles. Dans un premier temps, une étude descriptive et longitudinale des indicateurs mobilisés par la littérature pour mesurer la performance environnementale met en évidence son aspect multidimensionnel. Par la suite, une méta-analyse de 52 études empiriques confirme la relation positive entre la performance environnementale et financière et plus particulièrement lorsqu'elle est mesurée par des indicateurs organisationnels. Puis, une analyse de contenu des rapports annuels de 2005 à 2010 des 55 plus grandes entreprises industrielles françaises souligne l'utilisation croissante de systèmes de management environnemental pour gérer cette problématique environnementale. Pour finir, une étude de cas réalisée au sein d'une entreprise dont la stratégie environnementale est considérée comme proactive montre comment la performance environnementale est managée de manière interactive et pas uniquement mesurée.
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https://tel.archives-ouvertes.fr/tel-00869265/file/TheI_se_Albertini_V16.pdf BibTex

2012

Conference papers

titre
A Descriptive Analysis of Environmental Disclosure: A Longitudinal Study of French Companies
auteur
Elisabeth Albertini
article
European Business Ethics Network, 2012, Barcelona, Spain
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titre
Does Environmental Strategy Improve Financial Performance ? A Meta-Analytical Review
auteur
Elisabeth Albertini
article
Academy of Management (AoM), 2012, Boston, United States
resume
The relationship between corporate environmental and financial performance has received a high degree of attention in research literature and the results are still contradictory. Empirical research has revealed that companies have implemented different types of environmental strategies in order to improve their environmental performance and, as a result, their financial performance. We conducted a meta-analysis and a meta-regression of 52 prior studies which confirms a significant and positive relationship between pro-active environmental strategy and financial performance, and between environmental disclosure and financial performance. This meta-analysis answers the question: ?Does it pay to be green?? in the affirmative.
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2011

Conference papers

titre
L'engagement environnemental des entreprises : une revue de littérature
auteur
Elisabeth Albertini
article
Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom
resume
Les motivations des entreprises à s'engager dans la protection de l'environnement ont donné lieu à de nombreuses recherches académiques dont nous proposons une revue de littérature autour de deux axes majeurs. Premièrement, les articles étudiés montrent que les entreprises satisfont à la pression des PP pour rendre des comptes, et que certaines entreprises utilisent cette communication pour augmenter leur légitimité. Deuxièmement, la recherche a étudié dans quelle mesure les stratégies environnementales proactives permettent d'améliorer les performances financières des entreprises et pour certaines d'obtenir un avantage concurrentiel solide. Puis nous proposerons un cadre de lecture de ces motivations en mobilisant les théories des PP, de la légitimité et des ressources et compétences.
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https://hal.archives-ouvertes.fr/hal-00645988/file/Albertini.pdf BibTex