Carbon emission disclosures and financial reporting quality: Does ownership structure and economic development matter?

Bilal, B; Tan, Debao; Komal, Bushra; Ezeani, Ernest; Usman, Muhammad; Salem, Rami Ibrahim A.

doi:10.1016/j.envsci.2022.08.004

Cited by 43 publications

(38 citation statements)

References 89 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Following Blundell and Bond (1998), we controlled for heteroskedasticity using a two-step GMM to obtain consistent estimates. Following Tan et al (2022), we used industry average of CG index as an instrumental variable. The CG index was constructed via principle component analysis of four board characteristics (e.g.…”

Section: Methodsmentioning

confidence: 99%

“…The ability of the board to monitor effectively depends on cooperation and ease of communication linked with the board size. Previous studies suggest that the board moderates managerial opportunism (Salem et al , 2020; Salem et al , 2021; Komal et al , 2021; Usman et al , 2022a; Usman et al , 2022c; Usman et al , 2022b; Tan et al , 2022). Other studies highlight the impact of the board on firms' financial decisions (Ezeani et al , 2022b; Ezeani et al , 2022a; Owusu et al , 2022).…”

Section: Related Literaturementioning

confidence: 99%

See 1 more Smart Citation

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Ezeani

Salem

Usman

et al. 2023

IJAIM

Self Cite

View full text Add to dashboard Cite

Purpose Prior studies suggest that corporate cash holding will reflect firms' corporate governance (CG) environment. Consistent with this prediction, this study aims to examine the impact of board characteristics on firms' cash holding in the UK, France and Germany. Design/methodology/approach Using 2,805 firm-year observations between 2009 and 2019, the authors examine the relationship between board characteristics and corporate cash holding. The authors used two measures of cash holdings as our dependent variables. As independent variables, the authors used CG characteristics relevant to effective board monitoring such as board meetings, outside directors, board size and board gender diversity. Findings The authors find that board characteristics influence firms' cash holdings of firms in the UK, France and Germany. However, this study documents evidence of varying impacts of board monitoring on the cash holding of the UK when compared to German and French firms, the countries that are classifiable as bank-based economies. The result of this study is robust to alternative cash-holding measures and endogeneity. Practical implications This study provides evidence supporting the board's impact in mitigating agency conflict in shareholder- and stakeholder-oriented CG environments. Originality/value This study contributes to previous works on firms’ financial orientation by showing that the impact of board characteristics on corporate cash holdings varies between bank- and market-based economies.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Related Literaturementioning

confidence: 99%

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Ezeani

Salem

Usman

et al. 2023

IJAIM

Self Cite

View full text Add to dashboard Cite

show abstract

“…There is a positive relationship between corporate global ESG/CSR transparency indices (ESG disclosure ratings) and firm value. it more likely that companies operating in these countries would incorporate environmental initiatives due to the availability of resources to undertake significant global transparency practices compared with medium or small firms (Gerged et al, 2021a;Giannarakis et al, 2017;Tan et al, 2022;Tran & Beddewela, 2020), and (iv) due to the extant convergence of global transparency approaches and their adoption by firms across Anglo-American countries (Shirwa & Onuk, 2020). We used the DataStream database to collect data related to the firms' use of corporate transparency approaches, covering a period from 2013 to 2019.…”

Section: Global Sustainability Certifications and Firm Valuementioning

confidence: 99%

How does transparency into global sustainability initiatives influence firm value? Insights from Anglo‐American countries

2023

Self Cite

View full text Add to dashboard Cite

Corporations use global sustainability reporting principles, certifications, guidelines, and indices to promote corporate transparency. However, the effectiveness of adopting these global transparency approaches, either separately or collectively, in increasing firm value is as yet unclear. Thus, we examine whether different global transparency approaches engender different outcomes related to firm value and whether adopting a comprehensive or integrated global transparency approach could better enhance firm value. We use a sample comprising 6978 firm-year observations of firms listed in the United States (S&P 500), Canada (S&P-TSX 221), and the United Kingdom (FTSE 350) from 2013 to 2019. A fixed-effects regression model is then used to examine the primary associations in this study. This technique was complemented by a two-step dynamic generalised method of moment (GMM) model to overcome the expected endogeneity concerns. Our findings indicate that adopting global sustainability reporting principles, certifications, and an integrated global transparency approach is positively attributable to the market value of firms. In contrast, firms' adoption of international guidelines and environmental, social, and governance (ESG) ratings cannot predict the firm value in the study context. Our evidence implies that firms' adoption of an integrated global transparency approach adds the most value to those firms when compared with adopting a standalone transparency approach across the three sampled countries. Our study provides practical implications for policymakers and corporate managers and suggests avenues for future studies to build upon our findings.

show abstract

“…EPU has been the subject of increasing concern globally in recent years (Kwabi et al 2022a , 2022b ; Owusu et al 2022 ; Salem et al 2022 ; Tan et al 2022 ). At the macro level, it is well established that EPU has a significant impact on economic activity, including investment, production, employment, R&D investment, and innovation (Ahmed et al 2020 ; Amarasekara et al 2022 ; Altig et al 2020 ; Dibiasi et al 2018 ).…”

Section: Review Of Literature and Hypothesis Developmentmentioning

confidence: 99%

Economic policy uncertainty, renewable energy and environmental degradation: Evidence from Egypt

Selmey

Elamer

2023

Environ Sci Pollut Res

View full text Add to dashboard Cite

This study contributes to the growing but still limited body of literature on the impact of economic policy uncertainty, renewable energy usage, and economic growth on environmental degradation in Egypt. Using the autoregressive distributed lag (ARDL) bound test, we examine the existence of cointegration relationships in Egypt over the period 1990–2018. Our results indicate that economic policy uncertainty is positively associated with environmental degradation in both the short and long run. Additionally, we find that economic growth exacerbates environmental degradation in both the short and long term. Finally, renewable energy consumption has a significant negative effect on environmental degradation in the long run. Therefore, ensuring economic policy stability is crucial for maintaining environmental quality. To this end, Egyptian policymakers should prioritize low-carbon research and development techniques, as well as the adoption of renewable energy sources to mitigate environmental degradation.

show abstract

Carbon emission disclosures and financial reporting quality: Does ownership structure and economic development matter?

Cited by 43 publications

References 89 publications

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

How does transparency into global sustainability initiatives influence firm value? Insights from Anglo‐American countries

Economic policy uncertainty, renewable energy and environmental degradation: Evidence from Egypt

Contact Info

Product

Resources

About