Accounting for Employment Impact at Scale

Panella, Katie; Rouen, Ethan; Serafeim, George

doi:10.2139/ssrn.3925248

Cited by 4 publications

(3 citation statements)

References 9 publications

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“…Prior literature demonstrates that employees are important stakeholders, where employee satisfaction and well‐being are associated with a firm's long‐term performance (e.g., Edmans [2011], Panella et al. [2021]), and that firm decisions have an impact on employee health (Christensen et al. [2017]).…”

Section: Institutional Setting and Conceptual Developmentmentioning

confidence: 99%

“…Employees are a critical stakeholder in firms, given that employee satisfaction and well‐being are associated with improved long‐term firm performance (e.g., Edmans [2011], Panella et al. [2021]). Although employee health and safety is a material aspect of CSR (SASB [2022]), only a few papers (e.g., Cohn and Wardlaw [2016], Christensen et al.…”

Section: Introductionmentioning

confidence: 99%

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The Effect of Firms' Information Exposure on Safeguarding Employee Health: Evidence from COVID‐19

Liu

Lu²

2023

J of Accounting Research

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We show that information exposure through international business networks enables firms to take proactive measures that benefit employees and potentially the local community. Specifically, in the early days of COVID‐19, firms that have business networks with China and Italy are more likely to be aware of the severity of the disease, and proactively implement work‐from‐home (“WFH”) policies that can protect their employees. Using Safegraph foot traffic data, we find a higher stay‐at‐home ratio before local governments impose lockdowns in zip codes where firms have a larger information exposure. These areas are also associated with a lower spread of COVID‐19. Our main findings are more pronounced when local governments face constraints in quickly responding to COVID‐19 and when firms have a higher WFH capability or have more investors with socially responsible preferences. Collectively, we present evidence on the role of private corporations in mitigating the negative effects of a public health crisis before government intervention.

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Section: Institutional Setting and Conceptual Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Effect of Firms' Information Exposure on Safeguarding Employee Health: Evidence from COVID‐19

Liu

Lu²

2023

J of Accounting Research

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“…This is the perspective through which the present note makes its contribution. Importantly, though, what is good for society is often good for businesses and investors, especially in the long run (Fornell, Morgeson and Hult, 2016[25]; Edmans, 2011 [26]; Krekel, Ward and DeNeve, 2019 [27]).…”

Section: Monetisation Approaches In the Business Settingmentioning

confidence: 99%

Valuing business impacts in the areas of wage inequality and employee well-being

2023

OECD Papers on Well-Being and Inequalities

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Updating the Informational and Control Practices in the Sustainability Agenda

Odintsova

2024

Economics and Culture

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Research purpose. The sustainability concept embraces a wide scope of linked practices: green thinking, sustainability informational and management assurance, ESG reporting and scoring, responsible and impact investment, stability measurements, and others. Significantly expanding beneficiary's and stakeholders' circle needs information to build and implement a policy providing ESG values creation and meeting their requirements in relevant sustainable agenda. This is why it is important to create a transparent information landscape and to shape new highlights in management and decision-making. The article is aimed at exploring specific ways to transform information and management practices, primarily accounting, ESG-reporting, analysis, and assurance to create a transparent information environment for sustainability. Design / Methodology / Approach. The study is designed as a qualitative analysis of existing information and related practices to identify gaps in the information needed by stakeholders for decision-making with that practically generated in the current environmental momentum. It involves summarising, categorizing, and interpreting open access sources data, such as unidirectional studies, non-financial reporting and ESG-rankings databases, program documents, frameworks and standards for sustainability and "responsible" reporting, professional audit analytics, and others. Logical and comparative analysis was used for data processing. The study’s theoretical framework is based on accounting theories, particularly the Interpretative paradigm. Findings. The possibilities were assessed following proposed approaches to upgrade the up-to-date system of informational-verifying appraisal practices by the requirements of a proper ESG environment. A holistic system layout was suggested, including information and control practices employed to provide sustainability. The main part of the recommendations refers to accounting and reporting for sustainability. New accounting ESG objects to display in this system were identified. It developed an integrated balance model of total capitals and their sources engaged and ESG -value-creating, taking for the basis traditional balance theory. Given the diversity of corporate non-financial reporting, classification characteristics for ESG reporting were suggested, and two key models of ESG reporting were defined. Recommendations were made in the field of design and methodology for information support of sustainability. Originality / Value / Practical implications. The article is the author's vision of the problems and ways of advancing traditional information practices in the context of global sustainability management requests. Recommendations for the holistic system of sustainability governance, informational support creation, transformation of accounting, ESG-reporting, other linked practices, streamlining, and methodological development of information activities that can be used in the practical field and employed in programmatic, advisory, and regulatory documents that structure the information field of socio-economic life.

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Accounting for Employment Impact at Scale

Cited by 4 publications

References 9 publications

The Effect of Firms' Information Exposure on Safeguarding Employee Health: Evidence from COVID‐19

The Effect of Firms' Information Exposure on Safeguarding Employee Health: Evidence from COVID‐19

Valuing business impacts in the areas of wage inequality and employee well-being

Updating the Informational and Control Practices in the Sustainability Agenda

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