Mandatory disclosure and corporate ESG performance: Evidence from China's “explanation for nondisclosure” requirement

Corporate Social Responsibility and Environmental Management, Год журнала: 2024, Номер 32(1), С. 176 - 191

Опубликована: Авг. 29, 2024

Abstract This paper examines the impact of mandatory disclosure requirement on corporate environmental, social, and governance (ESG) performance, specifically within framework China's “Dual‐Carbon” targets. Utilizing data ESG performance nonfinancial companies listed in mainland China from 2013 to 2021 implementation “explanation for nondisclosure” by Hong Kong Exchanges Clearing Limited (HKEX) 2016 as a quasi‐experiment, this study employs difference‐in‐difference approach empirical analysis. The findings reveal that has resulted an average increase 0.57 points scores corporations. Mechanism analysis indicates promotes curbing managerial myopia enhancing quality internal controls. Further using triple difference model (DDD) reveals is more pronounced heavily polluting industries. These are significant understanding role policies promoting green transformation sustainable development. results not only empirically support advancement toward goals but also offer insights global policymakers similar regulatory environments. Additionally, underscores pivotal frameworks aligning strategies with sustainability objectives.

Язык: Английский

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Digital transformation, innovation capabilities, and servitization as drivers of ESG performance in manufacturing SMEs

Scientific Reports, Год журнала: 2024, Номер 14(1)

Опубликована: Окт. 18, 2024

This study investigates the relationship between digital transformation and Environmental, Social, Governance (ESG) performance in context of SMEs. Drawing upon Resource Orchestration Theory, this research proposes a theoretical model that examines direct effect on ESG mediating roles innovation capabilities servitization level relationship. PLS-SEM fsQCA were employed to analyze survey data from 215 SME executives. The results reveal positively influences performance. Moreover, partially mediate contributes literature by proposing validating comprehensive integrates these constructs, offering actionable insights for managers policymakers enhance outcomes through strategic initiatives. Notably, highlight three distinct configurations components leading high performance, providing nuanced pathways SMEs achieve sustainable development.

Язык: Английский

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Sustainability Through Scrutiny: Enhancing Transparency in Chinese Corporations via Environmental Audits

Journal of the Knowledge Economy, Год журнала: 2024, Номер unknown

Опубликована: Май 23, 2024

Язык: Английский

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ESG, macroeconomic fundamentals and stock returns: Corporate governance implications from EU markets

Virgil Madgearu Review of Economic Studies and Research, Год журнала: 2024, Номер 17(1), С. 49 - 79

Опубликована: Май 15, 2024

This paper examines how Environmental, Social, and Governance (ESG) factors influence stock returns economic performance in the EU. It delves into advanced economies, GIIPS (Greece, Ireland, Italy, Portugal, Spain), CEE (Central Eastern Europe) countries. By analyzing data, study highlights areas for improvement EU’s ESG performance, such as resource use social equity. Interestingly, analysis finds that strong corporate governance, particularly CEE, is linked to higher returns, suggesting value of sound regulations. Conversely, environmental shows a negative correlation with likely due region’s historical dependence on heavy industry. Overall, this emphasizes can guide investors towards companies promoting sustainable growth.

Язык: Английский

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Sustainability Commitment Versus Earnings Management Practices: Saudi Insights

Sustainability, Год журнала: 2024, Номер 16(12), С. 5100 - 5100

Опубликована: Июнь 15, 2024

This paper aims to examine the impact of corporate sustainable management (CSM) on earnings (EM) activities using annual data from 2018 2022 for 37 non-financial Saudi indexed firms. A multi-measure approach was utilized proxy EM (AEM and REM) CSM (CSR sustainability reporting, CSR committee, external audit, GRI report guidelines, ESG performance index). The empirical analysis employed pooled ordinary least squares (POLS) regression. results suggest that plays a significant role in reducing both AEM REM practices, indicating sustainability-oriented organizations mitigate activities. Furthermore, study reveals negative correlation between sales manipulation, overproduction, cutting discretionary expenditures. research supports notion companies prioritize due focus long-term strategies transparency. is first work Middle East Arab region, particularly Arabia, investigating this association.

Язык: Английский

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Impact of the environmental ESG pillar on firm sustainability: Empirical research in the V4 countries

JOURNAL OF INTERNATIONAL STUDIES, Год журнала: 2024, Номер 17(3), С. 148 - 163

Опубликована: Сен. 1, 2024

The research aimed to define the impact of environmental pillar ESG principles on sustainability firms in V4 region and quantify certain factors perception firms’ sustainability. To this end, a questionnaire survey attitudes managers business owners was conducted February 2024 Czech Republic, Slovakia, Poland Hungary. Data were collected using Computer Assisted Web Interviewing (CAWI) method. distribution respondents by country as follows: there 338 from 349 Poland, 312 Slovakia 321 Correlation analysis linear regression used test scientific hypotheses. results suggest that focus education employees, use green practices, provide truthful information about impacts, spend adequate costs protection are more likely achieve sustainable growth. On other hand, appears be no affect corporate policies pertaining managing company accordance with specific regulations, minimising impacts activities, intensively addressing energy efficiency buildings, renewable sources. In conclusion, countries aspects Pillar E growth but do not significantly increase or overall complexity processes.

Язык: Английский

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The Impact of Firm Digital Transformation on Environmental, Social, and Governance Performance: Evidence from China

Economics, Год журнала: 2024, Номер 18(1)

Опубликована: Янв. 1, 2024

Abstract Growing consciousness about sustainability and the onset of digital era have affected corporate environmental, social, governance (ESG) outcomes to forefront new debates. This article attempts use statistical analysis software such as Stata explore relevant issues. A-share listed firms in Shanghai Shenzhen between 2006 2022 are examined this research for sake exploring how digitalization businesses affects ESG ratings. Findings suggest a positive correlation initiatives metrics improvements. These findings consistent even after multiple robustness checks. Additionally, delves into mechanisms driving primary relationship, discovering that advances enhance scores by easing financial limitations, diminishing information disparities, bolstering technological innovation. further reveals variable impacts based on firm size geographical location.

Язык: Английский

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Does corporate environmental disclosure affect earnings management? The moderating effect of female board representation

EuroMed Journal of Business, Год журнала: 2024, Номер unknown

Опубликована: Авг. 1, 2024

Purpose This paper aims to investigate the effect of corporate environmental disclosure on earnings management and further examine whether this relationship is moderated by female board. Design/methodology/approach Our sample includes 264 European companies listed STOXX eUROPE 600 for period 2010 2022. We excluded financial (banks insurance companies) due their specific capital structure regulatory requirements, with missing data. Feasible Generalized Least Square (FGLS) regression method used estimate econometric models. For robustness analyses, authors included alternative measure dependent variable, they applied simultaneous equation model endogeneity test. Findings Using discretionary accruals as a proxy management, results obtained indicated negative management. The suggest also that women boards are effective in monitoring role. Indeed, findings show particularly stronger presence directors companies’ boards. Research limitations/implications study has two limitations. Firstly, size relatively small, which may limit generalizability our findings. Secondly, indicator, based estimates accruals, not perfectly reflect all streams Therefore, reduce potential bias these estimates, it would be useful use other indicators, such real Practical implications have several regulatory, investors academic researchers. regulators, appropriate promote standards related advise worldwide policy maker give importance roles improve engagement firms disclosure, so more transparent accounting practices ensure engaging unethical or fraudulent behavior. investors, existence board reduces researchers, interesting explore between board, Originality/value extends existing literature examining moderating context.

Язык: Английский

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SG in Digital Era Becomes DESG

Advances in human resources management and organizational development book series, Год журнала: 2024, Номер unknown, С. 173 - 190

Опубликована: Окт. 31, 2024

Purpose: The study examines digital environmental, social and governance (DESG) impact on attitudes of students aiming to enhance students' awareness sustainability implementation agenda. Design/ Methodology/ Strategy: utilizes a quantitative approach, which involves questionnaire constitutes five conceptual constructs. 284 responded the survey. Results: Conceptual constructs named Digital environment pillar (DEP), (DSP), pilar (DGP) have significant correlation with each other. (DSP) construct strongest correlation. Originality/Value: present is presents original approaches Greek toward regarding university. Limitations: Although studies pay attention effectiveness ESG performance firms or brands, few analyze transformation universities.

Язык: Английский

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State ownership, political connection and ESG performance

Risk Management, Год журнала: 2024, Номер 27(1)

Опубликована: Ноя. 2, 2024

Язык: Английский

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