Examining the impact of circular economy disclosure on the cost of debt: A signaling theory approach via social media

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 4007 - 4019

Published: March 25, 2024

Abstract The growing societal focus on addressing environmental and social issues has spurred a shift towards circular production consumption models. In this scenario, the implementation of economy (CE) practices attracted attention scholars, professionals institutions. relevance CE shed light importance communicating efforts achievements in relation to Therefore, from an academic point view, several scholars have started explore some aspects related disclosure (CED). Despite this, relatively unexplored trend pertains effects CED, especially regarding use media disseminate information. order fill gap, study aims investigate effect dissemination information via Twitter cost debt. To end, dictionary‐based content analysis is employed quantify amount disseminated Twitter. Additionally, panel regression conducted test impact CED debt across sample 378 observations (an unbalanced 132 firms for period 2019–2021). results indicate presence negative relationship between level

Language: Английский

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Does human-oriented governance foster labor and human rights disclosure?

Review of Managerial Science, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 31, 2025

Abstract Based on the idea that an organization’s morphology influences its response to pressures, this study aims understand what drives companies disclose material information about their impacts labour and human rights (LHR) in social regulatory pressures. This posits a substantive internalization of respect for business operations can be supported by human-oriented approach corporate governance fosters ethical organizational culture which protecting promoting LHR is viewed not as moral option, but fundamental responsibility, thereby encouraging transparency regard. The results obtained from balanced data panel 792 multinationals over period 2011–2020 show with more comprehensive issues. Furthermore, indicate performance negatively moderates relationship between level disclosure.

Language: Английский

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Beyond Climate Targets: Exploring When and How Female Directors Influence Corporate Decarbonization Transparency

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 6, 2025

ABSTRACT The 2015 Paris Agreement established an international commitment to limit global warming 1.5°C, which requires climate neutrality through deep cuts in greenhouse gas emissions. In pursuit of this goal, companies worldwide are adopting decarbonization strategies that increasingly aligned with principles transparency and accountability. This study examines a sample 6575 large analyze the impact board gender diversity on climate‐related disclosures. Our findings show presence at least one female director increases corporate regarding targets, timelines, strategic levers, performance metrics. Thus, challenges critical mass theory by demonstrating even single adds unique value promoting sustainability transparency. Furthermore, we contextual factors—such as industry environmental sensitivity, regional regulatory frameworks business opportunities—moderate influence directors These advance governance research providing multidimensional understanding how drives transparency, particularly sustainability‐sensitive industries environments. On practical level, highlight gender‐diverse boards for managers, investors, policymakers seeking enhance accountability align goals. By underscoring transformative role transparent responsible practices, contributes actionable insights transition net‐zero economy.

Language: Английский

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Intellectual capital information via Twitter: the effect on firm value

Journal of Intellectual Capital, Journal Year: 2024, Volume and Issue: 25(2/3), P. 468 - 487

Published: April 29, 2024

Purpose Social media are emerging as the ideal channel for building one-to-many communication and disseminating intellectual capital (IC) information. Their rise is bringing out new research challenges to investigate implications of their use. However, there needs be more contributions relating financial benefits using social IC disclosure (ICD). This study aims bridge this gap by analyzing, under lens signaling theory, effect ICD through Twitter on firm value. Design/methodology/approach based a content analysis tweets disseminated 262 companies aimed at examining amount information disclosed regression analyzing impact type Findings Empirical results show that large via favors an increase in They also demonstrate disclosing three dimensions positively affects These findings suggest actively comprehensively communicating can help improve perception evaluation company investors other stakeholders. Research limitations/implications offers empirical evidence about associated with tools companies. It enriches literature relationship between value consolidates goodness theory theoretical perspective frame Practical important managerial firms investors. In light significant benefits, should use disclose seek visibility such platforms convey greater number users. Investors heed when gathering information, combining these traditional corporate documents. Originality/value limited extends knowledge regard, originality lies individual

Language: Английский

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Climate reporting in the fast lane? The impact of corporate governance on the disclosure of climate‐related risks and opportunities

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(7), P. 7253 - 7272

Published: July 4, 2024

Abstract Climate‐related issues have become increasingly relevant, as reflected in current political and academic discourse. This development is also investors' capital allocation decisions their demand for climate‐related information. Considering the recommendations of Task Force on Financial Disclosures (TCFD), we first investigate disclosure quality listed German firms. We use self‐constructed scoring models based TCFD to measure quality. Second, regression analysis whether corporate governance can explain The results indicate that heavily dispersed across firms, with risk being better than opportunities. Corporate factors exert distinct but mostly weak influence institutional ownership promotes show several implications research practice highlight relevance firms implement a comprehensive approach communicating issues.

Language: Английский

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Fostering firm value: Unpacking the effect of circular economy disclosure via social media

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 4, 2024

Abstract Growing environmental concerns and the need to address global challenges such as climate change resource exploitation have highlighted relevance of circular economy (CE) importance for companies communicate practices externally. While academic literature has examined dissemination CE information, effects disclosure (CED) remain underexplored. This study aims fill this gap by exploring, through signaling theory, influence CED via social media on firm value. The econometric analysis, based 366 observations (an unbalanced panel 133 internationally listed period 2019–2021), demonstrates that Twitter serves a powerful market signal, positively influencing investor perception increasing enlarges relating association between non‐financial value, CED. Furthermore, it extends debate use tools broadens scope theory.

Language: Английский

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Common ownership and investor‐focused disclosure: Evidence from ESG financial materiality

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 12, 2024

Abstract In this study, we investigate whether information demands made by common agents, specifically institutional owners, drive firms to adopt a reporting framework that enhances the comparability and financial materiality of environmental, social, governance information. Using sample 3659 unique US from 2015 2021, collected data on adoption Sustainability Accounting Standards Board's framework—identifying first movers, followers, non‐adopting firms—and their levels ownership. Our results are robust across changes in ownership, various combinations fixed effects, application an instrumental variable approach. findings support idea investors' demand drives sustainability ownership such disclosure alleviating concern over proprietary costs revealing sensitive study offers new insights into patterns intra‐industry behavior better understanding how group increasingly significant market participants (i.e., owners) influences firms' commitment investor‐focused disclosure.

Language: Английский

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CLIMATE GOVERNANCE, GROWTH OPPORTUNITIES, AND INNOVATION IN ADDRESSING CLIMATE CHANGE: EMPIRICAL EVIDENCE FROM EMERGING COUNTRIES

Finance research letters, Journal Year: 2024, Volume and Issue: unknown, P. 106328 - 106328

Published: Oct. 1, 2024

Language: Английский

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Decarbonisation strategies and climate governance: Are institutional investors reshaping the business model of multinationals?

Journal of Innovation & Knowledge, Journal Year: 2025, Volume and Issue: 10(3), P. 100698 - 100698

Published: March 22, 2025

Language: Английский

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Do climate change policy instruments loom like the sword of Damocles over green technology independence to achieve green growth and sustainability in Europe?

Technological Forecasting and Social Change, Journal Year: 2025, Volume and Issue: 215, P. 124100 - 124100

Published: March 23, 2025

Language: Английский

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