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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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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Addressing Sustainability Footprint Disclosure for High Pollutant Firms in China and the US: The Roles of Firms Governance Structure, Financing Decisions, and Eco‐Technology

Corporate Social Responsibility and Environmental Management, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 7, 2025

ABSTRACT In a race toward sustainable future, corporate actions speak louder than words but what drives firms to reveal their true environmental impact? This study uncovers how governance structures and financing decisions shape sustainability footprint disclosure (SFD) among high‐pollutant manufacturing in China the US while exploring pivotal role of eco‐technology magnifying these effects. Drawing on agency resource‐based theories, we dissect into structural, diversity, process attributes, analyzing data from 149 Chinese 158 2000 2022. We found robust evidence that, regarding structural attributes board size CEO duality positively influence SFD, whilst independence negatively impacts SFD. Moreover, diversity such as age gender recorded positive link with SFD foreign nationals negative addition, meetings tenure Financing debt equity finance are linked Notably, strengthens relationship between governance, financing, These findings highlight vital boards shaping outcomes, offering key insights for policymakers foster innovation implement stringent regulations that enhance transparency.

Language: Английский

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Advancing Business Ethical Standards: Unpacking the Synergistic Influence of Governance Structures and CSR Engagement on Corporate Integrity in BRICS Countries

Corporate Social Responsibility and Environmental Management, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 30, 2025

ABSTRACT In a global business environment where ethical lapses increasingly undermine corporate credibility, can enhanced governance mechanisms and CSR engagement drive behavior? This study explores the intricate relationship between attributes Business Ethical Practices (BEP), examining how moderates this across 386 manufacturing firms in BRICS countries from 2010 to 2022. Grounded Stakeholder Agency Theories, research investigates three core strands: diversity, structural, process attributes. Using Generalized Method of Moments (GMM) estimator, findings reveal that gender diversity age positively influence BEP, while national has negative association, raising concerns about alignment foreign board members with local standards. Board independence size significantly enhance practices, CEO duality negatively affects emphasizing importance independent oversight. Among attributes, meetings tenure contribute meeting attendance shows suggesting mere presence without meaningful participation may not guarantee outcomes. Notably, amplifies positive effects mitigates influences, reinforcing its critical role as enhancer. Heterogeneity analyses types (Job Shop, Batch, Continuous Process, Mass Production) confirmed consistency these findings. Furthermore, robustness tests, including cluster analysis, sensitivity endogeneity controls, validated reliability results. The provides targeted policy recommendations advocating for stronger mandates, deeper integration, training, practical implications emphasize comprehensive frameworks long‐term sustainability.

Language: Английский

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Empowering Sustainable Production: Firm Governance, Finance Strategies, and Tech‐Innovation in Advancing Circular Economy for SDG 12 in the US, China and Japan

Sustainable Development, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 27, 2025

ABSTRACT In an era where sustainability has transitioned from being optional to essential, how can firms transform governance and financing strategies lead the transition toward a circular economy (CE)? This study makes vital contribution evolving fields of CE, sustainability, corporate by investigating dynamic interplay between firm structures (FGS), (FS), technological innovation (TI) in enhancing CE performance across US, China, Japan. Grounded Resource‐Based View Agency Theory, examines four critical dimensions: leadership, composition, diversity, structure alongside debt equity strategies. To ensure methodological rigor, panel models Generalized Method Moments (GMM) estimator are employed, complemented instrumental variable approaches. Drawing on comprehensive dataset 461 2000 2022, findings reveal significant regional disparities FGS FS influence performance, with TI emerging as pivotal moderating factor. The further highlights heterogeneous effects ownership types Low‐CE High‐CE performers, emphasizing importance contextual institutional factors adoption. These robust findings, validated through extensive endogeneity sensitivity tests, offer actionable insights for policymakers, leaders, practitioners, stressing need innovative reforms, strategic mechanisms, technology‐driven solutions accelerate global sustainable model.

Language: Английский

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