Busyness, Tenure, Meeting Frequency of the CEOs, and Corporate Social Responsibility Disclosure

Ratri, Melinda Cahyaning; Harymawan, Iman; Kamarudin, Khairul Anuar

doi:10.3390/su13105567

Cited by 31 publications

(43 citation statements)

References 75 publications

(120 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The comprehensive option has 147 items. Following the methodology set out in [55], we also assume the firm will use the GRI guideline applied during the observation year if the firm does not state the series of GRI guidelines used.…”

Section: Variables Operationalizationmentioning

confidence: 99%

See 1 more Smart Citation

Financially Distressed Firms: Environmental, Social, and Governance Reporting in Indonesia

et al. 2021

Self Cite

View full text Add to dashboard Cite

This study examines the relationship between financial distress and environmental, social, and governance (ESG) disclosure. We hypothesize that financially distressed firms are tempted to enhance ESG disclosure as it provides higher performance in terms of financial and market perspectives. ESG disclosure needs substantial resources, which financially distressed firms may not be able to provide. In Indonesian settings, we find that financially distressed firms have lower ESG disclosure quality than non-distressed firms. Our results are robust due to lagged variable, Heckman’s two stages, and coarsened exact matching regression showing consistent results. Furthermore, our results are consistent with three years of rolling windows of financial distress and all sections of ESG reporting, except the general information section. This study extends the scope of prior studies by focusing on firms’ eagerness to provide higher quality ESG disclosure, particularly distressed firms.

show abstract

Section: Variables Operationalizationmentioning

confidence: 99%

“…Our control variables consist of profitability (ROA), leverage (LEV), firm size (FSIZE), firm age (LNAGE), board size (BSIZE), independent commissioner (INDCOM), and public accounting firm size (BIG4). These control variables will be defined in Appendix A and have been used based on prior studies [55,59].…”

Section: Variables Operationalizationmentioning

confidence: 99%

Financially Distressed Firms: Environmental, Social, and Governance Reporting in Indonesia

et al. 2021

Self Cite

View full text Add to dashboard Cite

show abstract

“…The main variables used in this study are the pessimistic tone in the income statements in MD&A, busy CEO, and CSR disclosure. CSR disclosure is the dependent variable measured using a CSR disclosure score obtained from the number of items disclosed in the sustainability report divided by the number of items that firms should disclose according to the GRI Index used [54]. This study used two versions of GRI as follows: the GRI G4.0 index, which is valid for 2013-2018 firm-year sustainability reporting, and GRI Standard, which is valid from 2018 firm-year sustainability reporting.…”

Section: Variable Definition and Data Sourcesmentioning

confidence: 99%

“…Then, referring to previous research [54,[57][58][59], several variables are used in this study. They include the number of firm boards (BOARD), the number of independent commissioners (INDCOM), number of audit committees (AUDCOM), firm size (FSIZE), firm age (FAGE), firm leverage (LEV), operational cash flow (OCF), firm losses (LOSS), and firm performance (ROE).…”

Section: Variable Definition and Data Sourcesmentioning

confidence: 99%

Pessimistic Tone in Earnings Announcement and CSR Disclosure: Exploring the Interacting Role of CEO Busyness

et al. 2021

Self Cite

View full text Add to dashboard Cite

This study analyzes the relationship between the pessimistic tone in earnings announcements and CSR disclosures interacted by CEO busyness. This study used 191 observations from 74 firms listed on the Indonesia Stock Exchange and the Global Reporting Initiative (GRI) database from 2016–2019. Grounded in signaling theory, we hypothesize that a pessimistic tone in earning announcements will increase CSR disclosure. We also hypothesize that busy CEOs strengthen this relationship. We use the ordinary least squares to analyze and answer our hypotheses. This study showed that the use of a pessimistic tone in the income statement in the discussion report and management analysis (MD&A) is related positively and significantly to CSR disclosure. This study also found that busy CEOs strengthen those relationships. Our implication is that CSR disclosure in our sample is only measured based on the information presented in the sustainability report. To the best of the authors’ knowledge, this study is the first to investigate the relationship between the pessimistic tone in earning announcements and CSR disclosures interacted by CEO busyness. In addition, this study provides insight into current performance disclosure practices in MD&A reports and CSR reports that managers can use to safeguard the firm’s reputation.

show abstract

“…Unlike companies that have adopted sustainability initiatives based on compliance with current legislation, a number of companies have voluntarily introduced practices to increase their social, environmental, and economic performance beyond what is legally required [25]. The results of the study by Ratri et al [26] have shown that companies with CEOs who frequently attend board meetings engage in much more CSR disclosure. The results of the research of Ordóñez et al [27] indicate that the most indebted and largest companies disclose less information about the environment, in contrast to companies that are classified as having high solvency.…”

Section: Introductionmentioning

confidence: 99%

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

et al. 2021

View full text Add to dashboard Cite

In recent decades, predicting company bankruptcies and financial troubles has become a major concern for various stakeholders. Furthermore, because financially sustainable businesses are affected by numerous highly complex factors, both internal and external, the situation is even more complex. This paper applies Altman’s Z-score models; more precisely, the paper applies the initial Z-score model (a model for manufacturing companies), the Z′-score model (for companies operating in emerging markets), and the Z-score bankruptcy probability calculation. Therefore, this paper offers the results of the application of different Z-score models and the calculation of bankruptcy probability on a sample of agricultural companies listed on the Belgrade Stock Exchange in the period 2015–2019. In addition, different Z-score models are used for the same sample so that the difference between their results and application can be determined. In addition, the validity of the data published in the financial statements of the respective companies was confirmed using the Beneish M-score model with five and eight variables. The results obtained by applying Altman’s Z-score model (initial and adapted to emerging markets) indicate that a certain number of companies had impaired financial stability during the observed period, i.e., that they were in danger of bankruptcy. In addition, based on the results obtained using the Beneish M-score model, it was identified that a number of companies showed signals that indicate possible fraudulent financial reporting. Further, it was found that less than half of the observed companies reported on environmental protection in their annual reports, and they did so by providing a modest amount of information. The originality and value of the paper lies in suggesting that policymakers in the Serbian emerging markets should pay more attention to the operations of companies from the observed sector, as well as to their financial and non-financial reporting. Future research should focus on comparisons with agricultural companies from the same sector whose securities are listed on stock exchanges in the region.

show abstract

Busyness, Tenure, Meeting Frequency of the CEOs, and Corporate Social Responsibility Disclosure

Cited by 31 publications

References 75 publications

Financially Distressed Firms: Environmental, Social, and Governance Reporting in Indonesia

Financially Distressed Firms: Environmental, Social, and Governance Reporting in Indonesia

Pessimistic Tone in Earnings Announcement and CSR Disclosure: Exploring the Interacting Role of CEO Busyness

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

Contact Info

Product

Resources

About