Economic, environmental, and social performance indicators of sustainability reporting: Evidence from the Russian oil and gas industry

Orazalin, Nurlan; Mahmood, Monowar

doi:10.1016/j.enpol.2018.06.015

Cited by 140 publications

(179 citation statements)

References 55 publications

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“…Control variables such as size, age and sustainability sensitive industry sectors were introduced in line with the relevant literature in the field regarding sustainable reporting [31,34,87,88]. Company size influences the capacity to enter commercial and financial markets [84], as well as the risk level as perceived by investors, with effect on cost of capital [89].…”

Section: Firm Sizementioning

confidence: 99%

“…To this end, the SensInd variable took the value 1 for sensitive sectors (e.g., energy, processing industry, and constructions) and 0 for non-sensitive sectors (e.g., services, commerce, and information technology). The age of the company was deemed a determinant factor in sustainable reporting, as old companies tend to improve their practices in terms of environmentally and socially responsible activities [88]. The investment growth (InvGr) and work productivity (W) variables were introduced in the study owing to their capacity to reflect the implementation of sustainable actions, namely adjusting technologies to environmental protection requirements and increasing the efficient use of personnel following activities of a social nature.…”

Section: Firm Sizementioning

confidence: 99%

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Is Sustainability Reporting a Business Strategy for Firm’s Growth? Empirical Study on the Romanian Capital Market

et al. 2019

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This study analyzed the impact of sustainability reporting on firms' growth as a result of adopting an environmentally and socially responsible behavior. The information published by companies listed on the main section of the Bucharest Stock Exchange during a period spanning six financial years (2012-2017) was used to assess the influence exerted by the conduct of activities related to sustainability; the integrated reporting of economic, social and environmental protection information; and the quality of published reports on certain indicators relevant to appreciating a firm's growth (price-to-book ratio, sales growth and cost of capital). The results obtained indicate a low influence of sustainable reporting on a firm's growth indicators. Current and potential investors, lenders and business partners interpret sustainability reporting as insufficiently documented and as having a low capacity for integration within the decision-making process. However, significant dependency relationships were identified, and particularized on various connections without following a correlation pattern between a firm's growth directions and the indicators of sustainability reporting. The results remain robust even after the introduction of certain control variables, such as sustainability sensitive industry sectors, company size and age, or increase of investments. Our paper sets out to contribute to expanding the specialty literature by highlighting the involvement of sustainable reporting as a factor in optimizing firms' growth strategies and, at a methodological level, by using a quantile regression.

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Section: Firm Sizementioning

confidence: 99%

Section: Firm Sizementioning

confidence: 99%

Is Sustainability Reporting a Business Strategy for Firm’s Growth? Empirical Study on the Romanian Capital Market

et al. 2019

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“…The disclosure improves the accountability and transparency of companies’ operations and make the investors’ valuation proper [ 5 ]. More and more companies have begun to pay attention to their sustainability information disclosure [ 6 , 7 , 8 , 9 , 10 , 11 ]. For heavily polluting industries, its environmental impact, employees’ occupational health plans, and product safety issues are part of sustainability information.…”

Section: Introductionmentioning

confidence: 99%

“…For example, Brammer and Pavelin studied the impact of the nature of business activities, the environmental performance, firm size, company ownership etc. on the quality of corporate environmental information disclosure [ 6 ]; Orazalin and Mahmood used the largest oil and gas company in Russia as a sample to study the potential impacts of sustainability information quality [ 7 ]; Martínez-Ferrero et al, reveals the effect of financial reporting quality on sustainability information disclosure [ 9 ]. Michelon & Parbonetti examine the relationship of board composition, leadership and structure on sustainability disclosure [ 10 ].…”

Section: Introductionmentioning

confidence: 99%

Evaluation of Sustainability Information Disclosure Based on Entropy

Wang

Liu

et al. 2018

Entropy

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Disclosure of sustainability information is important for stockholders and governments. In order to evaluate the quality of sustainability information disclosure in heavily polluting industries, the quality of the disclosure is proposed to be evaluated from completeness, adequacy, relevance, reliability, normativeness and clarity aspects. The corresponding evaluation indicator system is constructed. Due to the ambiguity and complexity of the evaluation information, the intuitionistic fuzzy sets are applied to model the linguistic ratings. Entropy is used to derive the weight of experts, the object weight and the subject weight of the indicators. which are integrated when dealing with the evaluation information. The quality of sustainability information disclosure of seven representative companies in heavily polluting industries is evaluated. The importance of indicators and ranking of the companies are derived. Based on the evaluation results, the discussion and suggestions are also provided.

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“…There is growing scrutiny of business activities and their impact on the economic, environmental and social needs -which has increased the need for sustainability reporting, especially in the oil and gas industry (Orazalin and Mahmood 2018). The vulnerability of communities, to the activities of these corporations at the household level involves the inability to avert risks, shocks, and stress, and an internal component of defenselessness against impacts of restricted political, economic, and social rights (Akiwumi 2011).…”

Section: Protecting Fisheries Livelihoods: Fronting the Blue Economymentioning

confidence: 99%

Engendering the blue economy : offshore oil extraction and the livelihoods of women in Ghana

Amongin¹

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Ghana's export trends between 2012 and 2017 Gold Crude petroleum Cocoa beans Refined petroleum Coconuts Brazil nuts and cashew nuts stress on social infrastructure (Eduful and Hooper 2015). To the coastal communities in the Western Region, these challenges are an everyday reminder of their disenfranchisement from oil wealth (Osei-Tutu 2012). Livelihoods of women in Ghana"s coastal communities represent a category of the different micro-economic levels of deprivation from oil benefits (Chalfin 2018). The impetus for this study is to build on existing scholarship on oil and gas in Ghana. Many of these tend to focus on explaining different dimensions of the resource curse (e.g., Siakwah 2017; Debra and Graham 2015; Graham et al. 2016; Obeng-Odoom 2013). At this point, only a few studies have attempted to examine the gender disparities embedded in the oil-livelihoods nexus in Ghana (Adusah-Karikari 2015; Overå 2017; Boohene and Peprah 2011). According to Boohene and Peprah (2011), coastal women"s livelihoods are dependent on the ocean and are increasingly becoming vulnerable to diminishing ocean space and fish stocks which is attributed to oil extraction. Adusah-Karikari (2015) adds that while women"s spaces for generating livelihoods are diminishing, women are left without the benefit of alternative options. The thesis builds upon such studies. 1.2. Research Problem, Aims and Objectives This research focuses on Ghana"s Western Coastal Region. The Western Region is endowed with a vast amount of natural resources in comparison to the rest of the country. The region is the largest producer of cocoa, rubber, coconut and palm oil. Agriculture, therefore, accounts for 58.1% of employment in western Ghana (Boohene and Peprah 2011). The region also has rich forest resources, the largest concentration of gold mines in the country, and the only active bauxite and manganese mines of Ghana. For decades, the region has greatly contributed to the country"s national prosperity through revenues generated from natural resource extraction. It

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Economic, environmental, and social performance indicators of sustainability reporting: Evidence from the Russian oil and gas industry

Cited by 140 publications

References 55 publications

Is Sustainability Reporting a Business Strategy for Firm’s Growth? Empirical Study on the Romanian Capital Market

Is Sustainability Reporting a Business Strategy for Firm’s Growth? Empirical Study on the Romanian Capital Market

Evaluation of Sustainability Information Disclosure Based on Entropy

Engendering the blue economy : offshore oil extraction and the livelihoods of women in Ghana

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