Building a Sustainable Future: The Impact of Corporate Social Responsibility on Firms’ Sustainable Development DOI
Mirza Muhammad Naseer, Tanveer Bagh

Emerald Publishing Limited eBooks, Journal Year: 2024, Volume and Issue: unknown, P. 623 - 646

Published: April 17, 2024

Corporate social responsibility (CSR) promotes society, reduces risk, and encourages ethical business practices. Due to its relevance, we study how CSR influences firms' sustainable development. We analyze data from 427 New York Stock Exchange (NYSE)-listed firms 2008 2022. The Refinitiv environmental score is used measure CSR, whereas for development rely on corporate growth rate (SGR) market-based metrics. analysis employs various econometric techniques, including ordinary least square, fixed effect regression, two-stage generalized method of moment, simultaneous quantile regression. results indicate that has a positive significant across all models. This relationship supports the notion socially responsible can contribute long-term financial sustainability in line with "stakeholder theory", indicating companies should accommodate concerns stakeholders, society environment, achieve evaluate conditional distributions SGR value are affected by categorizing them into high, moderate, low regimes. regression estimates more pronounced at upper quantiles, followed moderate These findings underscore importance considering assessing enterprises market value. also confirm our robust under range different econometrics' methods. Finally, enlighten current literature, research useful policy implications management investors.

Language: Английский

Environmental, Social, and Governance (ESG) Communication in the Annual Reports of Financial Institutions: Evidence From Morocco DOI

Outmane FARRAT,

Hajji Zouhair,

Benabdallah Hamza

et al.

Emerald Publishing Limited eBooks, Journal Year: 2024, Volume and Issue: unknown, P. 227 - 246

Published: April 17, 2024

To achieve sustainable development objectives, managers are encouraged to implement best practices in corporate social and environmental responsibility within their establishments. The main objective of this chapter is assess the quality environmental, social, governance (ESG) communication for Moroccan financial institutions. This devoted content analysis annual reports 14 institutions listed Morocco regarding ESG strategies between 2017 2021. reference assessment tool we used Global Reporting Initiative (GRI) standards (2016), based on six principles. Each principle contains requirements guidance how apply it. These principles summarized following: Accuracy, Balance, Clarity, Comparability, Reliability, Timeliness. sample composed Casablanca Stock Exchange. After checking institutions, detected several shortcomings Corporate Social Responsibility (CSR) reporting behavior. Companies avoid disclosing information about negative events performance. We saw as a bad sign stakeholders. results showed significant gap GRI reports. weaknesses mainly concern accuracy, comparability, and, timeliness, hence need carry out corrective measures improve One limitations research its focus However, it possible broaden scope by assessing nonfinancial companies.

Language: Английский

Citations

3

Role of social capital and financial inclusion in sustainable economic growth DOI
Siqi Huang,

Manli Cheng,

Zhenzhu Shu

et al.

Research in International Business and Finance, Journal Year: 2024, Volume and Issue: 72, P. 102525 - 102525

Published: Aug. 12, 2024

Language: Английский

Citations

3

Data science in sustainable entrepreneurship: A multidisciplinary field of applications DOI
Brij B. Gupta, Akshat Gaurav, Varsha Arya

et al.

Technological Forecasting and Social Change, Journal Year: 2024, Volume and Issue: 209, P. 123798 - 123798

Published: Oct. 7, 2024

Language: Английский

Citations

3

The spillover effect of economic institutions on the environment: A global evidence from spatial econometric analysis DOI Creative Commons
Olivier Joseph Abban, Gulasekaran Rajaguru, Alex O. Acheampong

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 373, P. 123645 - 123645

Published: Dec. 16, 2024

This study examines the impact of economic institutions on ecological footprint and their spatial spillover effects globally, covering period from 2000 to 2021. We focus because that espouse freedom are essential for safeguarding environmental quality. hypothesize influence these varies both globally regionally. The Moran's I test reveals significant associations among countries, while Wald likelihood tests identify Durbin model as most appropriate approach. Furthermore, Hausman indicates a fixed best captures coefficients. Globally, demonstrate direct reduction effect 16.4% 4.4% footprint. However, show considerable regional variation. In North America, East Asia Pacific, Middle East, Africa, Europe, Central Asia, effectively reduce footprint, is negligible in other regions. These differences underscore importance addressing institutional deficiencies, encouraging policymakers regions with limited learn practices enhance effectiveness. insights collectively advance literature economics, emphasizing policy adaptation transboundary findings further reveal moderate GDP per capita curb significantly. conclusions hold even after endogeneity using generalized two-stage least squares method. recommends policies promoting mitigate global degradation.

Language: Английский

Citations

3

Building a Sustainable Future: The Impact of Corporate Social Responsibility on Firms’ Sustainable Development DOI
Mirza Muhammad Naseer, Tanveer Bagh

Emerald Publishing Limited eBooks, Journal Year: 2024, Volume and Issue: unknown, P. 623 - 646

Published: April 17, 2024

Corporate social responsibility (CSR) promotes society, reduces risk, and encourages ethical business practices. Due to its relevance, we study how CSR influences firms' sustainable development. We analyze data from 427 New York Stock Exchange (NYSE)-listed firms 2008 2022. The Refinitiv environmental score is used measure CSR, whereas for development rely on corporate growth rate (SGR) market-based metrics. analysis employs various econometric techniques, including ordinary least square, fixed effect regression, two-stage generalized method of moment, simultaneous quantile regression. results indicate that has a positive significant across all models. This relationship supports the notion socially responsible can contribute long-term financial sustainability in line with "stakeholder theory", indicating companies should accommodate concerns stakeholders, society environment, achieve evaluate conditional distributions SGR value are affected by categorizing them into high, moderate, low regimes. regression estimates more pronounced at upper quantiles, followed moderate These findings underscore importance considering assessing enterprises market value. also confirm our robust under range different econometrics' methods. Finally, enlighten current literature, research useful policy implications management investors.

Language: Английский

Citations

2