Assessing the Role of Sustainability Disclosure on Firms’ Financial Performance: Evidence from the Energy Sector of Belt and Road Initiative Countries

Sustainability, Journal Year: 2024, Volume and Issue: 16(2), P. 930 - 930

Published: Jan. 22, 2024

This study examines the influence of sustainability disclosure on a firm’s financial performance in energy sector, taking into account role ownership concentration as moderating factor. utilized secondary data from 239 companies Belt and Road Initiative (BRI) nations 2009 to 2022. employed Common Correlated Effect Mean Group Pooled estimators for analysis. To determine which component influences performance, this divided measurement three themes: environment, social, governance. The findings revealed positive relationship between environmental performance. Similarly, we found social However, governance does not contribute Furthermore, that positively moderates association well results suggest firms developing countries should prioritize disclosing their policies ensure long-term

Language: Английский

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Addressing corporate governance and carbon accounting disclosure gaps: A path toward firms commitment to sustainable development goal 13

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: March 30, 2024

Abstract The study examined the relationship between corporate governance and carbon accounting disclosure (CAD) in Middle East North Africa (MENA) to address how firms can achieve sustainable development goal (SDG) 13. We employed purposive sampling select 277 companies from 20 MENA countries period 2012–2022. A favorable was found board independence CAD. Gender diversity also have a beneficial effect on sustainability committee CAD had positive significant connection. association foreign nationals connection meetings In contrast, we negative size CAD, as well boards with CEOs duality that shareholding proportion has inverse but insignificant impact results concur role reduce emission accomplish SDG

Language: Английский

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Can ESG disclosures promote firms going concern? Evidence from BRICS countries

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 3792 - 3803

Published: March 17, 2024

Abstract This study examines the moderating role of managerial ownership on environmental, social and governance (ESG) disclosures going concern chemical manufacturing firms in Brazil, Russia, India, China, South Africa (BRICS) countries. We employed a quantitative research methodology, using panel data from 236 listed operating sector between 2007 2022. For analysis, we utilized Augmented Mean Group Common Correlated Effects estimators. The results showed that ESG significantly impact continued existence companies BRICS nations. Additionally, high exerts significant positive influence association firms. findings affirm need for businesses to disclose their issues stakeholders ensure carbon neutrality goals BRICS. Hence, it is recommended policymakers business owners promote incentivize ownership, recognizing its pivotal enhancing relationship disclosure firms' continuity, thereby contributing realization region.

Language: Английский

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Do board attributes influence environmental sustainability disclosure in manufacturing firms? Evidence from sub‐Saharan Africa

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 4759 - 4771

Published: May 1, 2024

Abstract The study builds and extends on the literature environment, corporate governance, sustainability by examining how board attributes impact environmental disclosure (ESD) and, if so, whether each of two strands attributes, namely, diversity structural influence ESD for manufacturing firms in sub‐Saharan Africa (SSA) region. Based insights drawn from human capital theory composition, developed a model that connects with ESD. Using sample 200 2010 to 2022, found an inverse link between gender ESD, whereas positive connection was seen foreign nationals Regarding size while exists separation chair chief executive officer In summary, findings urge policymakers SSA region strengthen policies promote Moreover, advise directors ensure effective transparent environmental‐related issues stakeholders guarantee sustainable reporting practices.

Language: Английский

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Assessing the impact of international trade on ecological footprint in Belt and Road Initiative countries

Heliyon, Journal Year: 2024, Volume and Issue: 10(4), P. e26459 - e26459

Published: Feb. 1, 2024

The Belt and Road Initiative (BRI) is one such comprehensive plan that aims to boost economic growth connectivity across Africa, Asia, Europe. While the effort may be good for boosting exports foreign direct investment (FDI), some are worried about toll it take on environment. Therefore, we aim examine effect of international trade FDI ecological footprint in BRI countries, considering mediating role environmental performance index. CCEMG estimator was used impacts imports, exports, FDI, population growth, urbanization, Environmental Performance Index (EPI) global footprint. Our findings show export has a positive relationship with Similarly, imports revealed association Finally, negative countries. support pollution haven theory by demonstrating critical importance regulations enticing responsible investors. By using as an all-encompassing measure effect, this study sheds light need incorporate sustainability within goals BRI. This research emphasizes adopting well-informed methods promote sustainable development mitigate BRI's adverse impacts.

Language: Английский

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Does stakeholder pressure influence firms environmental, social and governance (ESG) disclosure? Evidence from Ghana

Cogent Business & Management, Journal Year: 2024, Volume and Issue: 11(1)

Published: Feb. 5, 2024

In the era of climate change, stakeholders are becoming more concerned about sustainability disclosure businesses. However, for developing economies like Ghana, studies on stakeholders' pressure and sustainable development has not received much attention. Hence, this study examines influence employed green technological innovation (GTI) as a mediating factor. The focused mining manufacturing firms because their processes known to release carbon dioxide, create waste. data utilize in was collected from 383 respondents Ghana via online questionnaires. PLS-SEM used analyze tested hypothesis using SMART-PLS 4. results demonstrated that stakeholder substantially improves performance. Also, revealed firm's GTI mediates connection between terms shareholder consumer pressures. government were found be insignificant. recommends managers should incorporate into product design process since it enables only fulfill client's needs but also reduce environmental impacts, production dioxide solid debris.

Language: Английский

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Assessing the impact of financing decisions and ownership structure on green accounting disclosure: Evidence from developing economies

Heliyon, Journal Year: 2024, Volume and Issue: 10(5), P. e26672 - e26672

Published: Feb. 22, 2024

This study examines the impact of financing decisions and ownership structure on green accounting disclosure (GAD) in developing economies, where sustainability practices have not been extensively integrated into business models. We conducted empirical analysis considering 172 manufacturing companies from 2001 to 2022, utilizing both fixed effect random estimation techniques. The findings revealed that firms rely primarily debt tend an inverse relationship with levels disclosure. However, depend mainly equity higher In addition, results showed a favorable association between concentration practices. suggest policymakers should consider incentivizing prioritize over promote Additionally, policies aim at encouraging within enhance transparency accountability environmental reporting practices, ultimately advancing achievement Sustainable Development Goals 12 13.

Language: Английский

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Addressing environment, social and governance (ESG) investment in China: Does board composition and financing decision matter?

Heliyon, Journal Year: 2024, Volume and Issue: 10(10), P. e30783 - e30783

Published: May 1, 2024

This study examined the link between board composition and environment, social governance (ESG) investment, how financing decisions moderate this nexus. The constructed hypotheses using insights derived from stakeholder agency theories. We used secondary data 2010 to 2022 conduct an empirical analysis system Generalized Method of Moments (GMM) Fixed Effect (FE) estimators. found a positive significant relationship independence, sustainability committee, gender diversity, managerial ownership, meetings ESG investment. also negative connection CEO duality, size, foreign nationals on board, annual remuneration, Furthermore, significantly moderated results confirm importance in investment Chinese manufacturing firms. show that splitting chairperson roles frequent can improve company's Policymakers should facilitate company operations by providing regulations for

Language: Английский

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The Moderating Role of Ownership Concentration on Financing Decisions and Firm’s Sustainability: Evidence from China

Sustainability, Journal Year: 2023, Volume and Issue: 15(18), P. 13385 - 13385

Published: Sept. 7, 2023

We examined the impact of financing decisions on a firm’s sustainability in China as it aspires to achieve carbon neutrality. To proxy firms’ performance, we proposed an index for environmental, social, and governance (ESG) performance. The decision was proxied by debt funding equity funding. Using secondary data from Stock Market Accounting Data 2016 2022, utilize fixed effect fully modified ordinary least squares estimators empirical analysis. analysis indicated favorable link between ESG uncovered inconsistent association Moreover, ownership concentration revealed significant role moderating performance China. findings affirm that firms should rely rather than enhance their Hence, policymakers enact laws allowing easy access companies ensure higher This, long term, will contribute Chinese dream

Language: Английский

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The Moderating Role of Technological Innovation on Environment, Social, and Governance (ESG) Performance and Firm Value: Evidence from Developing and Least-Developed Countries

Sustainability, Journal Year: 2023, Volume and Issue: 15(19), P. 14240 - 14240

Published: Sept. 26, 2023

Recently, there has been growing recognition of the significance environmental, social, and governance (ESG) factors in assessing a company’s performance worth. Previous research failed to take into account significant impact technological innovation their empirical investigations. This study fills gap by investigating moderating on ESG company value developing least-developed countries. The utilized secondary data from 78 pharmaceutical companies 2009 2022. For investigation, we used pooled mean group (PMG) generalized methods moments (GMM) estimators. findings reveal that environmental social influence firms’ value; however, does not value. Additionally, acts as catalyst, strengthening favorable firm affirm need incorporate innovation, it enables firms implement more efficient sustainable practices.

Language: Английский

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