Environmental disclosure effects on returns and market value

Pedron, Angela Patrícia Bovolini; Macagnan, Clea Beatriz; Simon, Davi Souza; Vancin, Daniel Francisco

doi:10.1007/s10668-020-00790-2

Cited by 31 publications

(26 citation statements)

References 49 publications

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“…erefore, future research could refer to the work of Omrani and Emrouznejad [90] and Gardijan and Lukač [91]. In the future, under the condition that the data can be obtained, different network structures can be further developed for a more in-depth analysis, and the impact of the external environment on the performance can also be considered [92,93].…”

Section: Discussionmentioning

confidence: 99%

[Retracted] Evaluation Model and Decision Analysis of Digital Firms Ranked in Forbes’ Top Companies

Kao

Dinh²,

Nguyen

2022

Discrete Dynamics in Nature and Society

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This study evaluates the profitability and marketability efficiencies of digital firms ranked in Forbes’ list of top companies by using a two-stage network data envelopment analysis (DEA) model with multiplicative efficiency aggregation under the second-order cone programming (SOCP) and examines the respective impacts of the 1995–2001 dot-com bubble and the 2007–2009 global financial crisis on the companies’ efficiencies by applying impulse response function (IRF) analysis. The data of our 49 sampled companies are derived from the Compustat database. The covered period is 1999–2018. These results present the stable and increasing improvement of profitability and marketability efficiencies; in addition, two crisis events have no significant impact on the performance of digital firms. This research is supposed to offer a reasonable and objective evaluation model to measure the performance of digital firms, providing the managers and investors a reference for making their decision.

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Section: Discussionmentioning

confidence: 99%

[Retracted] Evaluation Model and Decision Analysis of Digital Firms Ranked in Forbes’ Top Companies

Kao

Dinh²,

Nguyen

2022

Discrete Dynamics in Nature and Society

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“…Still on Corporate Social Responsibility (CSR), the theory of legitimacy suggests that firms disclose environmental information to provide evidence of compliance with their obligations under the implicit contract they have entered with society, which is necessary for the firm’s position to be legitimized (Pedron et al 2020 ). Therefore, transparency of information, dialogue between those involved in the purchase process, measurable sustainability indices and concern with the supply chain are the relevant points discussed by these authors.…”

Section: Resultsmentioning

confidence: 99%

Sustainable public procurement in a Brazilian higher education institution

Mendonça

Pedrosa

Camara

2021

Environ Dev Sustain

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Public policies have required public agencies to adopt sustainable public procurement. It is necessary to understand the importance of the requirement for sustainable purchases to happen. Thus, this study aims to examine the main difficulties in adopting SPP at a public university in Brazil. To that end, research on the topic was carried out based on critical theory using qualitative methodology through a case study. Semi-structured interviews were conducted with three groups selected intentionally: requesters, purchasers and suppliers. Aspects related to the understanding of sustainability, SPP and the relationship between ethics and sustainability were analysed. The study revealed that the interviewees understand that ethics is directly related to the practice of sustainability, but it is a difficult issue because of its historical roots and changes in paradigms. Due to the complexity of the SPP theme, one of the main implementation difficulties mentioned by the interviewees was the lack of training. For suppliers, the understanding of sustainability was already consolidated, but it required agreement between being sustainable and economically viable for the company. Thus, this work sought to expose how those involved in SPP understood, refuted or validated sustainability issues in government procurement. Previous studies revealed the difficulties and conceptions of buyers, but we did not find research that investigated requesters and suppliers. It is hoped that this information will serve actions in favour of sustainable production and consumption and as a basis for other studies on sustainable public procurement.

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“…They discover that, unlike defender-type firms, prospector-type firms reduce environmental information disclosure quality, and financing constraints mediate between corporate strategy and environmental information disclosure quality. For many researchers, measuring the impact of disclosed information about the environment on the company’s financial performance was the goal of their research [ 2 , 5 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 ]. Kalash in 2020 [ 5 ] performed an analysis of 66 Turkish listed companies, considering 5 years (2014–2018) to capture the effect of environmental disclosure on performance and identify the determinants of environmental disclosure.…”

Section: State Of Art and Hypotheses Developmentmentioning

confidence: 99%

Tracking Waste Management Information Disclosure Behavior Connected to Financial Performance through Moderating Variables

Bogdan

Sabău-Popa

Boloș

et al. 2022

IJERPH

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The current challenges of a circular economy exert a high pressure on manufacturing companies that generate waste to track and implement policies to reduce them and eliminate the toxicity of residues. Hence, the purpose of this study is to analyze the waste management information disclosure linked to the financial performance of companies and test the moderating effect of internal and external variables. The average waste management information disclosure index shows a poor disclosure score for the analyzed period, however, the waste disclosure index after reaching a minimum threshold in 2019 recorded an encouraging increase at the end of 2021. Applying the fixed effects model, ordinary least squares, and two-stage least squares method, the results revealed a positive and statistically significant relationship between management information disclosure and the return on assets, while for the current ratio the connection has been invalidated. A statistically significant influence of the environmental-sensitive industry status, board size, and productivity on the moderating variables was found for the return on assets, while for current ratio, there was none. As for the alternative metrics of financial performance, the results showed that a higher degree of management information disclosure will increase the return on equity and earnings per share, while in the case of liquidity, the results are not conclusive.

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Environmental disclosure effects on returns and market value

Cited by 31 publications

References 49 publications

[Retracted] Evaluation Model and Decision Analysis of Digital Firms Ranked in Forbes’ Top Companies

[Retracted] Evaluation Model and Decision Analysis of Digital Firms Ranked in Forbes’ Top Companies

Sustainable public procurement in a Brazilian higher education institution

Tracking Waste Management Information Disclosure Behavior Connected to Financial Performance through Moderating Variables

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