Sustainability Reporting and Environmental Responsibility: The Case of Romania

Administrative Sciences, Journal Year: 2025, Volume and Issue: 15(3), P. 103 - 103

Published: March 14, 2025

A detailed analysis of non-financial and sustainability reporting may indicate companies’ attention to responsibility regarding environmental, social, economic aspects. This article investigates the correlation between environmental performance as a metric financial performance. Simultaneously, it identifies categories information provided by companies implicit with which they address protection issues. Data were collected from reports 668 in Romania for 2019–2021 period. The study uses, on one hand, diagnostic method (the grid method) determine (environmental score) companies. On other uses linear regression model test (including tolerance identify multicollinearity, forward variable selection, backward Durbin-Watson test). study’s findings underscore positive In particular, high turnover advanced age company are associated

Language: Английский

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ESG and Financial Performance of China Firms: The Mediating Role of Export Share and Moderating Role of Carbon Intensity

Sustainability, Journal Year: 2024, Volume and Issue: 16(12), P. 5042 - 5042

Published: June 13, 2024

In recent years, ESG (environmental, social, and governance) has emerged as a critical investment concept. Its goal is to create value for both shareholders society, encouraging companies optimize social value. However, the exploration research into “the proportion of firms exporting pathways through which environmental, governance activities carbon-intensive influence firms’ financial performance” remains largely unexplored. This study establishes framework within this context, utilizing listed Chinese manufacturing subjects. Taking agency theory rationale signaling theoretical framework, thoroughly investigates relationship between ratings, corporate export ratios, performance panel regression models using fixed-time, fixed-industry, bi-directional fixed-effects models. The results show that (1) ratings have positive impact on performance; (2) ratios play mediating role in (3) moderating effect performance. Based these findings, we propose policy recommendations at firm government levels increase importance ESG, strengthen governance, promote continuous progress ESG. provides micro evidence interactions firms, enable investors make informed decisions.

Language: Английский

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Impact of Environmental, Social, and Governance on Innovation in Chinese Listed Firms

Sustainability, Journal Year: 2024, Volume and Issue: 16(17), P. 7482 - 7482

Published: Aug. 29, 2024

As awareness of sustainable development has increased, the corporate advantages ESG (environmental, social, and governance) have attracted widespread attention from investors, research demonstrated that a sustained impact on long-term business operations. At this new stage market development, relationship between rating performance innovation is worthy in-depth study. The effect based stakeholder theory was tested using data Chinese A-share listed companies 2009 to 2021. results show can significantly improve innovative output R&D (research development) investment. This promotional more significant in large enterprises, state-owned eastern region China. promotes by improving firm financial expanding internationalization. In addition, not only increases quantity output, but also helps quality strategy, standardized mandatory disclosure information pertaining ESG, improved disclosed, promotion are all necessary help enterprises develop era.

Language: Английский

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Revealing the contribution of corporate sustainability practices to financial performance: Case of BIST Sustainability 25 Index companies

Environmental Economics, Journal Year: 2024, Volume and Issue: 15(1), P. 118 - 129

Published: May 15, 2024

The purpose of the paper is to study impact corporate sustainability practices on financial performance companies included in BIST Sustainability 25 Index. To assess efficiency and quality sustainability, general (ESG Disclosure Index) partial (Environmental Index, Social Corporate Governance indices were used, calculated based content analysis reports. Based two given types four indicators (return assets, return equity, assets turnover ratio, Tobin’s Q), regression models (GEN PART models) built, eight analytical examined. Company size leverage as control variables each model. results contradictory, partially confirming conclusions some scientists refuting findings others. A GEN revealed that implementing more effective have a significant positive only equity; for other measures an insignificant relationship between them ESG Index was found. Results effect equity ratio negative ratio. Using showed company Q. AcknowledgmentThis supported by Ministry Education Culture Ukraine within project “Development mechanism sustainable development economic systems conditions military operations post-war recovery economy” (Registration number project: 0124U000463).

Language: Английский

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ESG Ratings and Corporate Value: Exploring the Mediating Roles of Financial Distress and Financing Constraints

Published: Jan. 1, 2024

Language: Английский

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