Journal of Infrastructure Policy and Development,
Год журнала:
2024,
Номер
8(7), С. 4787 - 4787
Опубликована: Июль 31, 2024
This
study
investigates
the
influence
of
Environmental,
Social,
and
Governance
Disclosures
(ESGD)
on
profitability
firms,
using
a
sample
385
publicly
listed
companies
Thai
Stock
Exchange.
Data
from
2018
to
2022
is
sourced
Bloomberg
database,
focusing
ESGD
scores
as
indicators
companies’
ESG
commitments.
The
utilizes
structural
equation
model
examine
relationships
between
independent
variables;
ESGD,
Earnings
Per
Share
(EPS),
Debt
Assets
ratio
(DA),
Return
Investment
Capital
(ROIC),
Total
(TA),
dependent
variables
Tobin’s
Q
(TBQ)
(ROA).
analysis
reveals
positive
relationship
TBQ,
but
not
with
ROA.
Further
exploration
conducted
determine
if
different
levels
(high,
medium,
low)
yield
consistent
effects
TBQ.
findings
indicate
discrepancies:
high
medium
are
associated
negative
impact
TBQ
when
EPS
increased,
whereas
low
correlate
an
increase
in
rising
EPS.
nuanced
approach
challenges
conventional
uniform
treatment
previous
research
provides
deeper
understanding
how
varying
commitments
practices
affect
firm’s
market
valuation
profitability.
These
insights
crucial
for
firm
management,
highlighting
importance
relation
other
financial
their
value.
offers
new
perspective
ESGD’s
impact,
emphasizing
need
differentiated
strategies
based
commitment
levels.
China Finance Review International,
Год журнала:
2024,
Номер
unknown
Опубликована: Дек. 6, 2024
Purpose
This
study
investigates
the
effect
of
climate
change
sentiments
(CCS)
on
firm
value
(FV)
and
how
environmental,
social
governance
(ESG)
practices
moderate
this
effect.
Design/methodology/approach
High-dimensional
fixed
effects
a
two-stage
generalized
method
moments
are
applied
to
data
6,059
publicly
traded
firms
from
2006
2022.
Findings
There
is
significant
negative
CCS
FV,
specifically
growth
option
(GOV)
Tobin’s
Q
(TQR),
which
intensifies
during
crisis
periods.
ESG
practices,
however,
relationship
positively,
especially
for
with
higher
GOV
TQR,
enhancing
their
resilience
risks.
External
shocks
accelerate
sustainability-driven
strategies
in
exposure.
In
developed
countries,
show
stronger
sensitivity
due
institutional
environments
investor
pressure,
while
developing
countries
exhibit
weaker
sensitivity.
Practical
implications
The
results
underline
necessity
corporate
managers
proactively
manage
climate-related
risks
integrate
robust
sustain
enhance
FV.
Analysts,
risk
investors
should
consider
company’s
exposure
its
performance
when
assessing
profiles.
Policymakers
encouraged
implement
regulatory
frameworks
incentives
promoting
transparency
accountability
managing
Originality/value
unfolds
novel
evidence,
linking
psychological
research
traditional
basic
modified
model
through
an
examination
FV
using
international
sample.
It
highlights
critical
role
mitigating
adverse
providing
valuable
insights
businesses,
policymakers.
International Journal of Emerging Markets,
Год журнала:
2025,
Номер
unknown
Опубликована: Янв. 3, 2025
Purpose
This
study
examines
the
influence
of
stock
market
on
foreign
direct
investment
in
developing
countries
and
how
government
effectiveness
moderates
this
relationship.
Design/methodology/approach
The
involved
four
East
African
Community
a
panel
dataset
from
1995
to
2020.
utilized
feasible
generalized
least
squares
(FGLS)
as
primary
model
panel-corrected
standard
errors
(PCSE)
for
robustness
check.
Findings
impact
(FDI)
is
mixed.
While
value
traded,
capitalization
number
listed
companies
positively
affect
FDI,
turnover
has
negative
impact.
Government
also
influences
FDI
significantly
relationship
with
market.
Research
limitations/implications
sample
only
limited
markets
countries,
due
unavailability
data,
were
captured.
Practical
implications
Stock
are
crucial
attracting
by
enhancing
attractiveness
host
investment.
policymakers
should
improve
institutional
quality,
support
development,
bolster
appeal
provide
an
alternative
capital
source.
Social
Policy
formulation
encourage
quality
practices
development
that
serves
source
capital.
Originality/value
paper
inflows
investigates
moderating
role
findings
reveal
both
enhance
country’s
inward
FDI.
IGI Global eBooks,
Год журнала:
2025,
Номер
unknown, С. 201 - 238
Опубликована: Фев. 5, 2025
This
paper
utilizes
agency
and
stakeholder
theories
to
explore
the
relationship
between
ESG
(environmental,
social,
governance)
performance
supply
chain
contracts.
Drawing
from
data
using
a
sample
of
ASX
300
firms
over
period
2012
2021,
our
analysis
reveals
negative
contracts,
aligning
with
theory
principles.
Furthermore,
this
association
is
observed
be
more
pronounced
among
characterized
by
lower
levels
information
asymmetry.
These
findings
hold
significant
practical
implications
for
management,
business
suppliers,
customers
alike.
Specifically,
managers
can
leverage
these
insights
reinforce
commitment
partners
towards
initiatives,
thereby
enhancing
sustainability
practices
within
ecosystem.
