Corporate Sustainability Management, Earnings Transparency, and Chaebols

Oh, Hyun Min; Park, Sam Bock; Young, Hee

doi:10.3390/su12104222

Cited by 14 publications

(19 citation statements)

References 23 publications

(46 reference statements)

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“…In other words, it is predicted that the higher the score, the shorter the audit report lag. It is anticipated that the ESG integration (=TOTAL_SCORE), governance (=GOV_SCORE), social (=SOC_SCORE), and environmental categories (=ENV_SCORE) will all have the same sign [82].…”

Section: Corporate Sustainability Managementmentioning

confidence: 99%

Does Corporate Sustainable Management Reduce Audit Report Lag?

Jeon

2022

Sustainability

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This study empirically analyzes the relationship between corporate sustainable management (CSM) and audit report lag. From the perspective of the agency theory that information asymmetry is resolved through CSM, audit report lag was predicted to decrease and was subsequently analyzed. The analysis results are as follows. First, the relationship between CSM and audit report lag was significant in the negative trend. This means that companies that actively engage in CSM have a shorter audit report lag than those that do not. Second, the relationship between CSM and audit report lag according to auditor size showed a significant negative trend only in the group with a large auditor size. Third, the relationship between CSM and audit report lag according to the quality of earnings showed a significant negative trend only in the group with good earnings. In other words, the relationship between CSM and audit report lag varies depending on the size of the auditor and the quality of earnings. This study is meaningful in that it directly examines the impact of CSM on audit report lag, focusing on the period following the introduction of K-IFRS. The results of this study have important implications for not only managers, but also investors and supervisory institutions, in that CSM not only increases corporate value through improved earnings quality, but also affects the performance of the auditor.

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Section: Corporate Sustainability Managementmentioning

confidence: 99%

Does Corporate Sustainable Management Reduce Audit Report Lag?

Jeon

2022

Sustainability

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“…where ARET is the market adjusted returns for 12 months from April of the current fiscal year to March of the next fiscal year; NI is net income divided by a beginning market value of equity; LOSS is a dummy variable that if a firm reports negative income, it takes the value of 1 and 0 otherwise; ∆NI is the change in net income divided by the beginning market value of equity [25]. Coefficients estimated in Equation ( 3) and the earnings information are substituted in Equation (4).…”

Section: Earnings Transparencymentioning

confidence: 99%

“…The ESG grades of KCGS are divided into four categories (ESG integration, governance, social responsibility, and environment management), ranging from A+ grade to C grade. In this study, the ESG ratings of KCGS are scored by assigning A+: 10, A: 9, B+: 8, B: 7, C+: 6, and C: 5 [18,25]. The governance sector has a distribution of 10 to 5 points, while the rest of the sectors have a distribution ranging from 10 to 7.…”

Section: Corporate Sustainable Managementmentioning

confidence: 99%

“…We analyzed firms that are able to obtain data on the evaluation grade of sustainable management in the KCGS. In addition, outliers of all variables except dummy variables were observed and adjusted to observations, with outliers less than 1% at the bottom and less than 99% at the top [25]. The final sample used in our study was 4383 firm years.…”

Section: Samples and Datamentioning

confidence: 99%

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The Effect of Corporate Sustainable Management on the Relationship between Cost Stickiness and Earnings Transparency

Park

2021

Sustainability

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This study empirically analyzes the relationship between cost stickiness and earnings transparency. Additionally, this study examines the effect of corporate sustainable management (CSM) on the relationship between cost stickiness and earnings transparency. The evaluation scores of Korea Corporate Governance Service (KCGS) are employed to measure CSM activities. The empirical results show that the relationship between cost stickiness and earnings transparency is significant in the negative direction. This means that the more sticky the costs of a firm, the lower the earnings transparency of the firm. In addition, the relationship between the interaction variables of CSM and cost stickiness and earnings transparency is significant in the positive direction. This indicates that CSM activities act as a mechanism to mitigate the negative relationship between cost stickiness and earnings transparency. The findings of this study, which presented the effects of cost stickiness on earnings transparency and the fact that CSM activities act as a device to suppress the opportunistic cost behavior of managers, are expected to provide important implications to investors, external auditors, and supervisors.

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“…Por meio da Corporate Sustainability Management (CSM) ou Responsabilidade Social Corporativa (RSC), as organizações começaram a buscar valor sustentável a longo prazo de modo a melhorar seus processos internos com suas metas financeiras, sociais e ambientais (Ruggiero & Cupertino, 2018). A implementação do CSM em mercados de capitais internacionalizados caracterizou-se como fundamental nas decisões de investimento e a RSC reconhecida como um elemento ativo a ser exercido pelas empresas (Oh, Park, & Ma, 2020).…”

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Investimento Em Sustentabilidade E O Impacto Mercadológico: Uma Avaliação a Partir Do Score Esg

Viana

Gaio

Belli

et al. 2021

DOn

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A sustentabilidade chama atenção por possibilitar a criação de valor para vários stakeholders no âmbito empresarial e torna-se parte das preocupações mercadológicas de corporações dos mais variados segmentos e tamanhos. O presente artigo tem como objetivo avaliar o impacto de investimentos em atividades de sustentabilidade (ambientais, sociais e econômicas) no desempenho mercadológico das empresas. Para tanto, desenvolveu-se uma pesquisa quantitativa descritiva com 1.231 empresas presentes no banco de dados Asset4 do Refinitiv (Thomson Reuters) que possuem classificações no índice ESG - Environmental, Social and Governance, utilizando-se da técnica de dados em painel com modelo hierárquico multinível. A partir dos modelos gerados com as variáveis dependentes: retorno sobre as vendas, retorno sobre o investimento em marketing, vendas e marketing e despesas com publicidade, encontrou-se neste estudo que ações específicas e direcionadas promovem mais resultados mercadológicos do que ações combinadas, destacando-se os efeitos no pilar social. A contribuição dos achados permite compreender as nuances das dimensões da sustentabilidade sob o olhar mercadológico, com implicações aos investidores, empresas e pesquisadores.

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Corporate Sustainability Management, Earnings Transparency, and Chaebols

Cited by 14 publications

References 23 publications

Does Corporate Sustainable Management Reduce Audit Report Lag?

Does Corporate Sustainable Management Reduce Audit Report Lag?

The Effect of Corporate Sustainable Management on the Relationship between Cost Stickiness and Earnings Transparency

Investimento Em Sustentabilidade E O Impacto Mercadológico: Uma Avaliação a Partir Do Score Esg

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