The moderating role of technological innovation on ownership structure, financing decisions and environmental accounting disclosure

Cogent Business & Management, Год журнала: 2024, Номер 11(1)

Опубликована: Авг. 30, 2024

This study investigates the effect of ownership structure (OS) and financing decisions (FD) on environmental accounting disclosure (EAD), considering moderating role technological innovation (TI). Despite growing emphasis corporate sustainability, there is limited understanding how different structures choices influence EAD, particularly when moderated by TI. Drawing insights from agency stakeholder theories, this research aims to fill gap analyzing manufacturing companies in MENA region 2001 2022. Using Dynamic Common Correlated Effects (DCCE) estimation, we examine empirical relationships among these variables. To address endogeneity issues, employed GMM modeling. Our findings reveal that concentrated state significantly promote while managerial has a negative impact. Additionally, firms relying equity tend exhibit higher whereas those debt show lower EAD levels. Notably, positively moderates relationship between EAD. The underscore importance promoting financing, ownership, enhance region. Furthermore, emphasizes need for adopting innovative practices improve standards support sustainable business practices.

Язык: Английский

Can non-mandatory governance mechanism promote corporate green innovation—— Evidence from Internal Audit

Research Square (Research Square), Год журнала: 2025, Номер unknown

Опубликована: Фев. 10, 2025

Green innovation is a key strategy for enterprises to achieve sustainable development and essential countries high-quality economic growth. influenced by the corporate governance mechanism. Internal audit, as non-mandatory system, plays critical role in improving governance, and, result, crucial enhancing green innovation. This study collects analyses data on internal auditing practices from Chinese listed companies between 2007 2022 examine how influence The results show that: (1) significantly enhances innovation, with findings remaining robust after various robustness endogeneity tests. (2) Mechanism analysis reveals that audits promote executive awareness of environmental issues, increasing firms' risk tolerance, reducing financialization, through process implementation “strategic choice decision—risk assessment—resource allocation”. (3) Heterogeneity shows have stronger impact firms high control quality, non-state-owned enterprises, large-scale firms, those greater analyst attention. contributes theoretical understanding provides insights regulators assess, guide, improve audit promoting sustainability.

Язык: Английский