Corporate controversies and company's financial performance: Exploring the moderating role of ESG practices

Nirino, Niccolò; Santoro, Gabriele; Miglietta, Nicola; Quaglia, Roberto

doi:10.1016/j.techfore.2020.120341

Cited by 190 publications

(134 citation statements)

References 66 publications

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“…ESG has recently emerged as a key issue in management, and many studies have been conducted on ESG management and corporate performance. However, there is still controversy over whether there is a clear correlation between ESG management and corporate performance [54]. A mission statement is a tool that expresses the reason for a company's existence and serves as a channel of communication between the company and stakeholders [1][2][3].…”

Section: Discussionmentioning

confidence: 99%

Differences in Readability, Keywords, and Orientation of Mission Statements of the Top 100 Korean and Top 100 US Traditional and Innovative Companies

Jeon

Cho

2021

Sustainability

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The mission statements of companies reflect the characteristics of their country. There are differences in the content of mission statements between traditional and innovative companies. The sustainable growth of companies has recently become a major focus, and it has been found that mission statements are somewhat related to company innovation. This study analyzed the differences in the readability, keywords, and orientation of mission statements between the top 100 Korean and top 100 US companies by market capitalization and their traditionality and innovativeness. Differences in readability were assessed with the Gunning fog index. Differences in the main keywords were assessed with a keyword network analysis. Differences in orientation were assessed with the nine components of a mission statement. As Korean companies were aiming for global business, there was not much difference in the readability of mission statements between Korean and US companies, but there was a difference between traditional and innovative companies in both countries. There was a difference in the keywords and orientation of the mission statements of Korean and US innovative companies. Both Korean and US innovative companies focused highly on “philosophy.” However, Korean innovative companies focused more on “self-concept,” and US innovative companies focused more on a “concern for survival.”

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Section: Discussionmentioning

confidence: 99%

Differences in Readability, Keywords, and Orientation of Mission Statements of the Top 100 Korean and Top 100 US Traditional and Innovative Companies

Jeon

Cho

2021

Sustainability

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“…Furthermore, this kind of project is time consuming, and requires significantly advanced knowledge and technology to develop these innovations to reduce energy consumption and emissions. Therefore, having a longterm vision helps the leader to plan different objectives to contribute to a successful, low carbon transformation, ultimately [52,53].…”

Section: Green Transformational Leadership and Employee Turnovermentioning

confidence: 99%

Examining Effect of Green Transformational Leadership and Environmental Regulation through Emission Reduction Policy on Energy-Intensive Industry’s Employee Turnover Intention in China

Zhu

Che

et al. 2021

Sustainability

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This study explored a theoretical model of factors affecting employee turnover intentions in the energy-intensive industry from the perspective of environmental regulation through emission reduction policy. Moreover, we examined whether green transformational leadership has a negative effect on the perception of turnover risk of energy-intensive corporate employees and their turnover intentions; we collected data on 531 employees in the energy-intensive industries in China. Data analysis was conducted using exploratory factor analysis, reliability and validity analysis, stepwise regression model analysis, and a structural equation model to test the research hypothesis. The results revealed that environmental regulation through emission reduction policy has a significant impact on employee perception of turnover risk and turnover intention in energy-intensive industries in China. The perception of turnover risk has a greater effect on the turnover intention among employees than the emission reduction policy. Moreover, we found that the perceived risk of turnover has a mediating effect in the relationship between environmental regulation through carbon emission reduction policy and turnover intention. However, green transformational leadership has an inhibiting effect on the perception of turnover risk and turnover intention among employees. This research has crucial theoretical significance for the transformation of energy-intensive enterprises and promoting the sustainable development of energy-intensive enterprises in China.

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“…This was a common strategy that was employed after the Crisis. 29 If we think of the societal environment, the aspects that are associated with ESG will naturally be more appealing to the wider society, and therefore corporates, after a systemic failure. The justification for spending resources on making the corporate entity have a better impact for more than just the shareholders, should receive a better reception after a breakdown and that is exactly what happened.…”

Section: The Credit Rating Agencies and Esgmentioning

confidence: 99%

The Credit Rating Agencies

Cash

2021

Palgrave Studies in Impact Finance

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The credit rating industry has become a central component of the financial architecture over the years. Whilst this has not always been the case for the predominant 'Big Three' credit rating agencies of Standard & Poor's (now S&P Global), Moody's, and Fitch Ratings, there were reasons for this-the important aspect to understand is that their role has been central to the financial architecture for nearly 200 years in various guises. The question for our analysis here is whether that role will be central to the new financial architecture, one theoretically based upon sustainability and forward-thinking finance.The leading credit rating agencies have, since the Financial Crisis, been jostling for supremacy ahead of the predicted 'mainstreamisation' of the concept of sustainable finance and investment. The acquiring of data service companies has been continuing at a rapid pace and shows absolutely no signs of slowing down; at the time of writing, S&P are poised to make the biggest purchase of a company in 2020 globally, reportedly agreeing to spend $44 billion on acquiring HIS Markit. 1 If this acquisition goes through as expected, then it will be further evidence of the concerted approach the credit rating giants are taking.However, what does this approach mean? Does it really put the credit rating industry in the best position to serve the mainstreamisation of sustainable business/finance/investment? Is that even their aim? To find out, there are a number of things we can focus on. The main aspect

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Corporate controversies and company's financial performance: Exploring the moderating role of ESG practices

Cited by 190 publications

References 66 publications

Differences in Readability, Keywords, and Orientation of Mission Statements of the Top 100 Korean and Top 100 US Traditional and Innovative Companies

Differences in Readability, Keywords, and Orientation of Mission Statements of the Top 100 Korean and Top 100 US Traditional and Innovative Companies

Examining Effect of Green Transformational Leadership and Environmental Regulation through Emission Reduction Policy on Energy-Intensive Industry’s Employee Turnover Intention in China

The Credit Rating Agencies

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