Environmental and social disclosures: Link with corporate financial performance

Qiu, Yunli; Shaukat, Amama; Tharyan, Rajesh

doi:10.1016/j.bar.2014.10.007

Cited by 650 publications

(639 citation statements)

References 67 publications

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“…Following previous studies (Ioannou & Serafeim, 2012;Cheng et al, 2014;Luo et al, 2015;Qiu et al, 2016), we used the ASSET4 environmental and social scores to construct a composite CSP score for each firm.…”

Section: Independent Variablesmentioning

confidence: 99%

Corporate Sustainability Performance and Assurance on Sustainability Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development

Braam

Peeters

2017

Corp Soc Responsibility Env

135

111

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In response to investors and other stakeholders questioning the credibility of the performance information displayed in sustainability reports, companies increasingly have their sustainability reports voluntarily assured by an independent third party. However, voluntary third-party assurance on sustainability reports (SA) may vary considerably in terms of the choice of the assurance provider as well as the scope and level of assurance. In this study, the relationship between corporate sustainability performance (CSP) and choices related to SA is explored.Using a panel data set of 4686 listed companies (from 21 European and North American countries) during the period 2009-2014, the results indicate that companies with a superior CSP are more likely to employ third parties to provide assurance on their sustainability reports than companies with an inferior sustainability performance. For companies that employ third parties to provide assurance, we also find that, among the companies headquartered in the more shareholder-oriented countries, CSP plays a significant role in explaining variation in the choice of the assurance provider, while predominantly in the more stakeholder-oriented countries, companies with a good CSP are more likely to choose a broader assurance scope than companies with a poor CSP. The results support the notion that companies with a superior CSP make different choices related to SA than companies with an inferior CSP. The results also indicate that country-specific characteristics are important for understanding the variation in choices related to SA. We discuss the findings and their implications.

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Section: Independent Variablesmentioning

confidence: 99%

Corporate Sustainability Performance and Assurance on Sustainability Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development

Braam

Peeters

2017

Corp Soc Responsibility Env

135

111

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“…This study uses the term of Corporate Social Responsibility (CSR) in order to describe the non-financial information provided on the environmental disclosure as a part of CSR disclosure (Said et al 2013;Qiu et al 2016).…”

Section: Introductionmentioning

confidence: 99%

“…The first one involves studies that refer to environmental disclosures (i.e Qiu et al 2016;Monteiro, Aibar-Guzmán 2010;Al-Tuwaijri et al 2004;Tagesson et al 2009;Eleftheriadis, Anagnostopoulou 2015) and the second one is related to the carbon emission disclosures by incorporating the CDLI (Luo, Tang 2014;Liao et al 2015;Rankin et al 2011;Prado-Lorenzo, Garcia-Sanchez 2010;Freedman, Jaggi 2005). A few notable remarks can be underlined.…”

Section: Theory and Hypotheses Developmentmentioning

confidence: 99%

“…Despite the increased interest on determinants of the dissemination level of environmental information (i.e. Patten 2002;Hughes et al 2001;Al-Tuwaijri et al 2004;Clarkson et al 2008;Luo, Tang 2014;Liao et al 2015;Qiu et al 2016;Rankin et al 2011), there is still a number of novelty determinants that have not been incorporated in relation to the extent of environmental disclosure. Based on Matten and Moon (2008) approach, the country risk premium is selected for the first time in order to ascertain whether the additional market risk may affect the environmental disclosure initiatives.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Dissemination of Environmental Information: An Empirical Survey

Giannarakis

Zafeiriou

Sariannidis

et al. 2016

Journal of Business Economics and Management

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Abstract. The major objective of the present paper is to identify the factors that influence the dissemination of environmental information. In particular, analyst stock recommendation, country level risk, corporate value and environmental performance are surveyed as determinants of the environmental dissemination level. The survey was based on a sample of 92 multinational firms for the period 2009-2013, longer than that used in most past works. The methodology employed on our data is the panel data analysis with fixed effects. As proxies, for the dissemination level of environmental information, two different environmental disclosure indexes are used the Environmental Disclosure Score and Carbon Disclosure Leadership Index. According to our findings, the environmental performance in terms of Emission Reduction Initiatives and the country's risk premium affects in a positive way the dissemination of environmental disclosures while the results regarding the stock analyst recommendation are controversial. Another important finding is that the firm's value is validated as an insignificant factor for the dissemination level of environmental information. The aforementioned results provide the corporate managers with a tool to attract environmental friendly investors. The novelty on the present manuscript stands on the use of proxies for the environmental performance; namely the first one is based on outcome -objective while the second one refers to the corporate intention, elements that enrich the existing literature in the field of environmental behavior and dissemination of the environmental information of a firm.

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“…For Qiu et al (2014), the environmental disclosures generate a cost to organizations. Thus, the incentive for reporting is investor interest in this information that may assist in increasing the companies' cash flow.…”

Section: Introductionmentioning

confidence: 99%

Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileiras

Bernardo

Binotto

Farinha

et al. 2016

RICA

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Social and environmental information disclosure by brazilian agricultural cooperativesThe concern of society with social and environmental aspects brought new features to organizations. Companies need to have environmental policies and through planning provide the realization of activities that address these issues. In order to meet the needs of stakeholders, organizations publish information on their social and environmental practices in reports and virtual environments. Among the companies' formats, cooperatives grow in Brazil and belong to the group of the largest exporters of the country. Given these characteristics, the paper aims to identify the document used to divulge environmental information and what elements make up these publications, in the websites of cooperatives that export. We used the documentary analysis of publications made in the websites of eight cooperatives and the variables of Standard Brazilian Accounting No. 15. We noticed that five of these disclose in different volumes of information and use resources like websites, specific report and inclusion in management reports. However publications on the subject must be improved to better inform users of this information. So there will be better quality in publications and facilitate the reading and interpretation of these data become public society when released, especially in virtual environments to which access to information becomes easier.Keywords: Collective Actions; Social; Environmental; Social Transparency. Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileirasA preocupação da sociedade com os aspectos sociais e ambientais trouxe novos recursos para as organizações. Social and environmental information disclosure by brazilian agricultural cooperatives BERNARDO, L. V. M.; BINOTTO, E.; FARINHA, M. J. U. S.; MORAIS, M.; RECH, L. R. CASAROTTO, E. L.; PERUZZI, A. Z.

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Environmental and social disclosures: Link with corporate financial performance

Cited by 650 publications

References 67 publications

Corporate Sustainability Performance and Assurance on Sustainability Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development

Corporate Sustainability Performance and Assurance on Sustainability Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development

Determinants of Dissemination of Environmental Information: An Empirical Survey

Divulgação de informações sociais e ambientais por cooperativas agrícolas brasileiras

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