Adoption of ISSB standards in emerging markets – insights from Moroccan companies’ organizational readiness

Journal of financial reporting & accounting, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 22, 2025

Purpose This study aims to investigate the organizational factors determining Moroccan companies’ readiness adopt newly introduced International Sustainability Standards Board (ISSB) standards (International Financial Reporting S1 and S2), focusing on absorptive capacity, structure size culture finally kakistocracy. Design/methodology/approach The research uses a quantitative approach analyze impact of specific ISSB by companies. A partial least squares structural equation modeling based sample 150 accounting professional was performed assess affecting readiness. Findings results highlight that capacity is most significant predictor for adoption, with strong positive effect high statistical significance. Organizational structure, also positively influence readiness, though lesser extent. Kakistocracy has minimal impact, suggesting its limited in this context. Overall, findings emphasize critical role learning driving while governance issues appear play marginal role. Research limitations/implications study’s limitations include potential interaction unmeasured variables reliance self-reported data, which may introduce biases. Future should explore additional incorporate qualitative methods deeper insights. Practical implications Policymakers prioritize enhancing firms’ capacities through improvements targeted support recognizing reforms as secondary priority. Efforts address barriers such resource limitations, regulatory alignment stakeholder engagement, facilitate effective integration sustainability emerging economies. Originality/value enriches academic discourse providing insights into how markets adapt global frameworks. It serves benchmark similar economies, guiding policymakers corporate leaders best practices promoting transparency trust among stakeholders.

Language: Английский

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Environmental social and governance (ESG) disclosure motives for environmentally sensitive industry: an emerging economy perspective

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

Published: March 4, 2024

Organizations disclose environmental, social, and governance (ESG) information for various reasons, including mandatory reporting regulations. However, environmentally sensitive corporations, ESG disclosure is not only a regulatory obligation. It also has the potential to promote corporate reputation. This study aims uncover motivating factors behind disclosures in an emerging economy. The research methodology employed includes (i) systematically reviewing literature following PRISMA protocol identify motives, (ii) integrating fuzzy set theory with interpretive structural modelling (FISM) developing hierarchical model understand interactions between (iii) applying Matrice d'impacts croisés multiplication appliquée á un classment (Fuzzy MICMAC) approach categorize motives. FISM shows that organizations primarily response stakeholders' pressures. results further highlight role of 'greenwashing' behaviour ethical considerations ESG. findings recommend feasible regulations are crucial improving quantity quality. one very few examining motives 'stepping-stone' implementing Understanding will enable policymakers draft policies greater sustainability commitment.

Language: Английский

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Strategic mapping of the environmental social governance landscape in finance – A bibliometric exploration through concepts and themes

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 4428 - 4453

Published: April 11, 2024

Abstract A substantial surge in ESG research has triggered a wide dissemination of across various domains, underscoring the need for an extensive appraisal complex landscape. This paper is grounded on sample 441 documents retrieved from Web Science database, spanning 2007 to 2023. strategic mapping was performed decipher cumulative scientific knowledge by delving into interrelations among facets and identifying field's basic, motor, niche, emerging themes. We also explore thematic evolution distinct time frames, indicating ESG's inception, evolution, diversification over years. Our findings contribute literature categorizing it seven clusters four quadrants. Results accentuate obsolete, over‐researched promising areas research. find CSR, socially responsible investments ESG‐firm performance themes as calling diversification. Promising include association with portfolio construction, green innovations investments, controversies, information asymmetry, divergence, greenwashing, AI‐enabled universal rating mechanism, up‐grading down‐grading scores ESG‐linked compensations. Thematic underpins culmination its interplay sustainability, markets, board diversity, financing. Finally, factorial analysis strengthens reliability main findings, making robust. stands initial venture providing comprehensive exploration conceptual linkages, shifts, advancements within through mapping, offering original contribution field.

Language: Английский

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Do emissions reduction initiatives improve financial performance? Empirical analysis of moderating factors

International Journal of Accounting and Information Management, Journal Year: 2023, Volume and Issue: 32(2), P. 228 - 257

Published: Nov. 22, 2023

Purpose This study aims to examine the relationship between carbon reduction initiatives and financial performance. Additionally, it explores potential moderating variables, such as corporate social responsible (CSR) strategy governance practices, that may strengthen link Design/methodology/approach The empirical analysis is conducted using 1,740 firm-year observations from UK firms listed on FTSE 350. Data emissions firm-specific characteristics are obtained Refinitiv Eikon database for period 2011–2020. Various econometric techniques, including ordinary least squares system generalized method of moments, used alternative samples further explore this relationship. Findings author observes a significantly positive association performance in study. significance found be present specifically after announcement Paris Agreement. Furthermore, channel reveals factors like CSR quality influence Practical implications underscores importance sustainable business growth Managers can use these insights prioritize investments practices. Policymakers should consider implementing supportive regulations incentivize companies adopt strategies. Originality/value adds value existing body literature by empirically examining role best practices findings contribute deeper understanding how interact outcomes.

Language: Английский

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Validation of Challenges for Implementing ESG in the Construction Industry Considering the Context of an Emerging Economy Country

Applied Sciences, Journal Year: 2024, Volume and Issue: 14(14), P. 6024 - 6024

Published: July 10, 2024

In pursuit of profit maximization through practices that promote sustainable development, companies increasingly use environmental, social, and governance (ESG) criteria to guide investment. However, there are challenges in implementing these across diverse sectors, such as the construction industry, especially emerging countries with limited related studies. This study validated ESG industry an country like Brazil, considering its relationship United Nations Sustainable Development Goals (SDGs). A literature review identified associated implementation, followed by development a questionnaire based on challenges. Subsequently, was administered professionals using Lawshe method. Twenty-seven were identified, which twelve validated, including lack standardized performance indicators, regulatory guidelines practices, organizational resistance, insufficient transparency non-financial indicators. provides guidance for overcoming successful adoption industry. It also identifies most-impacted SDGs lays foundation future actions promoting countries.

Language: Английский

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Driving emissions reduction: the power of external sustainability assurance and internal governance committees

International Journal of Disclosure and Governance, Journal Year: 2024, Volume and Issue: unknown

Published: April 17, 2024

Language: Английский

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Gender Diversity and Non-financial Disclosure: A Systematic Literature Review

SIDREA series in accounting and business administration, Journal Year: 2025, Volume and Issue: unknown, P. 49 - 67

Published: Jan. 1, 2025

Language: Английский

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Assessing Italian B-Corps Commitment to Diversity and Inclusion and Its Linkage with Financial Performance

SIDREA series in accounting and business administration, Journal Year: 2025, Volume and Issue: unknown, P. 123 - 135

Published: Jan. 1, 2025

Language: Английский

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Climate Change Management and Firm Value: Insights from Southeast Asia Markets (A Survey of Public Companies in Indonesia, Malaysia and Thailand for the 2022–2023 Period)

Sustainability, Journal Year: 2025, Volume and Issue: 17(11), P. 4767 - 4767

Published: May 22, 2025

Climate change is a critical sustainability issue that influences investors’ decisions. Numerous organizations have implemented climate-related policies and established governance structures to address this challenge. This study examines the extent which climate management performance affects firm value. research utilizes 13 indicators from Refinitiv Eikon Database. Firm value was measured using price-to-book (PBV) ratio, with size, profitability, cost of debt included as control variables. 531 public companies in three Southeast Asian countries. Quantitative data were analyzed descriptive statistics, ANOVA, path analysis. The results indicate robust positively However, significant variations exist across countries industries regarding practices. These findings highlight necessity for strengthen their efforts by preparing comprehensive disclosures. Enhanced transparency can provide clearer insights environmentally conscious investors, potentially fostering positive market reactions toward company.

Language: Английский

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Board committees as catalysts: Divulging the impact of nomination and risk management on corporate eco‐innovation and carbon performance

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(7), P. 6187 - 6206

Published: May 19, 2024

Abstract Drawing on a theoretical integration perspective, this research responds to the latest calls in sustainability accounting by comprehensively exploring moderating roles of two board sub‐committees: nomination committee and risk management committee, relationship between corporate eco‐innovation carbon performance. This study contributes current literature utilizing panel data from non‐financial listed firms Australian Securities Exchange (ASX) for period spanning 2011 2022. To mitigate potential endogeneity bias, various econometric techniques, including instrumental variable modeling, were employed. The robust findings confirm positive statistically significant emissions reduction. Moreover, both emerge as moderators relationship. These empirical hold valuable practical, theoretical, policy implications diverse stakeholders seeking comprehensive understanding role sub‐committees effective monitoring tools that support performance encouraging actively embrace practices. As result, our evidence underscores significance giving due attention when configuring board's structure setting expectations reduction

Language: Английский

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