76,606 research outputs found
Corporate Environmental Disclosure Practices in Different National Contexts: The Influence of Cultural Dimensions
The influence of different national contexts, including the effects of cultural environments,
on corporate environmental disclosure practices has yet to be properly addressed in the
literature. The purpose of this research is, therefore, to analyse how cultural factors affect
the environmental disclosure practices of companies in different countries. This research
is supported by the diversity of cultures across countries. Given that a cultural framework
prompts different organisational actions and strategies, the question to be answered through
this research is as follows: How do cultural aspects affect corporate environmental disclosure?
Cultural factors are precisely those that can explain similarities and differences between
stakeholdersâ actions and preferences. The sample used in this research comprises companies in
28 countries and 9 economic sectors for the period 2004 to 2015. Our main findings show that
companies operating in countries with individualist, masculine and indulgent cultures are less
likely to disclose environmental information. Contrary to our predictions, cultures with a longterm orientation also discourage the reporting of environmental information, while uncertainty
avoidance contexts tend to promote more environmental reporting
Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50
We propose to investigate the relationship between corporate social responsibility disclosure and institutional/environmental factors among a sample of European listed companies. We find that, by using several traditional explicative variables, institutional factors affect the level of CSR disclosure, in a context where the EU Commission has been paying growing attention to social and environmental accountability of listed companies (see the EU Dir. 95/2014). Our findings are further supported by multivariate regression, where ESG score (measure of CSR disclosure) is regressed on nine variables which represent the expression of institutional factors. By looking at the institutional
determinants of CSR disclosure, we are seeking to pose a challenge for future research agenda, in order to understand whether CSR does actually reflect an effective commitment of firms to accounting practices and rules, as a form of social behavior, or whether it is just a tool to manage stakeholdersâ perception and to comply with regulation
Female directorship on boards and corporate sustainability policies: Their effect on sustainable development
We aim to explore whether board gender diversity, specifically women institutional directors,
improves the sustainability development and stakeholder engagement of listed firms by
affecting corporate social responsibility (CSR) policies. Moreover, within female institutional
directors we can differentiate between banks and insurance companies (pressure-sensitive
female institutional directors) and mutual funds, investment funds, pension funds and venture
capital firms (pressure-resistant female institutional directors). Thus, the effect of these
categories of directors on CSR policies is also analysed. Our findings suggest that female
institutional, as a whole, have a positive effect on CSR policies, the same behaviour that show
pressure-resistant female institutional, while pressure-sensitive institutional do not impact on
CSR policies. This research provides a new framework for the role played by certain types of
female directors (female institutional directors, female pressure-sensitive directors and female
pressure-resistant directors) in CSR policies and, thus, may help policymakers to promote
CSR policies, and to take action to promote responsible behaviour among listed firms
The role of corporate governance on CSR disclosure and firm performance in a voluntary environment
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.Purpose
This study aims to investigate the impact of corporate social responsibility disclosure (CSRD) on firm performance and the moderating role of corporate governance on the CSRDâfirm performance relationship of listed companies in Nigeria.
Design/methodology/approach
The paper uses a panel data set comprising 841 firm-year observations for the period covering 2007-2016. Fixed effect regression analysis was used to examine the relationship between CSRD and firm performance, and the moderating role of corporate governance in the CSRDâfirm performance relationship.
Findings
The results of the study show that there are positive performance implications for firms that engage in CSRD. Although this study finds no effect of board size on the CSRDâfirm performance relationship, it provides a strong evidence of a positive effect of board independence on the CSRâfirm performance relationship.
Practical implications
The study contributes to the understanding of CSRDâfirm performance relationship by providing evidence of the moderating role of corporate governance. It is, therefore, recommended that a stronger regulation be put in place for CSR engagement and the disclosure of same in Nigeria as well as robust measures for the enforcement of corporate governance mechanisms because there are economic benefits to be derived.
Originality/value
The findings contribute to the literature by providing up-to-date and original insights on the CSRDâfirm performance relationship within a developing country context. It also uses an unco
mmon method of measuring CSRD, taking into account the institutional biases that may arise from other methods used in studies on developed countries
A conceptual framework for changes in Fund Management and Accountability relative to ESG issues
Major developments in socially responsible investment (SRI) and in environmental, social and governance (ESG) issues for fund managers (FMs) have occurred in the past decade. Much positive change has occurred but problems of disclosure, transparency and accountability remain. This article argues that trustees, FM investors and investee companies all require shared knowledge to overcome, in part, these problems. This involves clear concepts of accountability, and knowledge of fund management and of the associated âchain of accountabilityâ to enhance visibility and transparency. Dealing with the problems also requires development of an analytic framework based on relevant literature and theory. These empirical and analytic constructs combine to form a novel conceptual framework that is used to identify a clear set of areas to change FM investment decision making in a coherent way relative to ESG issues. The constructs and the change strategy are also used together to analyse how one can create favourable conditions for enhanced accountability. Ethical problems and climate change issues will be used as the main examples of ESG issues. The article has policy implications for the UK âStewardship Codeâ (2010), the legal responsibilities of key players and for the âCarbon Disclosure Projectâ
Women on boards and greenhouse gas emission disclosures
We apply institutional and board capital theory to examine whether women on boards are associated with disclosure and quality of <i>corporate greenhouse gas</i> (GHG) emissions related reporting. We examine the research problem in Australia in a period when no requirements existed for listed companies to appoint female directors or to report GHG emissions. This environment allows us to examine the association between women on boards and GHG emissions related disclosure in annual and sustainability reports in a voluntary setting. We find that companies with multiple female directors make GHG emissions related disclosures that are of higher quality
Corporate social responsibility and factors affecting it : an empirical evidence from the Indonesian capital market
Purpose: This study aims to evaluate the influence of family ownership and profitability on corporate social responsibility disclosure with firm size as a control variable in manufacturing companies listed on the Indonesia Stock Exchange. Design/Approach/Methodology: Implementing a purposive sampling method, this study ended up with 32 manufacturing companies as a sample for the 2014-2018 periods (i.e., 160 observations). Findings: By using OLS regression, the findings show that profitability has a positive influence on CSR disclosure, meanwhile for family ownership does not. Moreover, firm size as a control variable influences positively on CSR disclosure. Practical Implications: With its limitation such as the relatively low number of samples, this study contributes to providing empirical evidence on factors influencing CSR disclosure in an emerging market context, i.e., Indonesia. Originality/Value: There is not a similar research using data from Indonesia neither the firm size as a control variable in the proposed model.peer-reviewe
Barriers and Incentives to the Adoption of ISO 14001 by Firms in the United States
This paper summarizes four novel advanced antenna concepts explored in the framework of the WINNER+ project. The concepts are related to multiuser MIMO communication in cellular networks, focusing on the acquisition and application of channel state information (CSI) at the transmitter in time-division-duplex (TDD) mode. The concepts include new ideas for CSI modeling and sounding for the purposes of multiuser precoding, and methods for pilot signal design with the aim to support the estimation of different CSI quantities. Furthermore, a new relaying strategy for terminal-to-terminal communication is described. All the ideas are feasible for adoption into practical upcoming communication systems such as LTE-Advanced, and most of the proposed concepts have only a minor impact on standards. Our study indicates that the CSI at its best is not only about estimating the channel responses between different antenna pairs. What counts is the nature of the intended communication link as well as the form in which CSI is applied.QC 20111102</p
An integrated typology of green manufacturing profiles
This article proposes a typology to classify the Environmental Operations Strategies that the European Companies develop in order to adapt themselves to the requests of their green stakeholders. First, main research lines in Environmental Operations Management are analyzed; second, a typology based on the coherency of different variables that have been considered separately by other authors is presented and validated for a sample of 3051 European manufacturing companies. The results show that European manufacturers have not achieved yet similar levels of integration of the environmental concern into all managerial functions with the aim of reaching a sustainable balance between economic and ecological performance of the firm. Consequently, conventional typologies looking at different environmental criteria in a piecemeal fashion seem to be no longer valid for explanatory and/or decision making purposes
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