ESG Disclosure, REIT Debt Financing and Firm Value

Feng, Zifeng; Wu, Zedong

doi:10.1007/s11146-021-09857-x

Cited by 76 publications

(47 citation statements)

References 71 publications

(79 reference statements)

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“…In addition, (Nirino et al, 2021) found that ESG disclosure has significant effect on company performance evaluated by market performance (Tobin's Q). The results also show that ESG disclosure become a factor considered by stakeholders, especially investors, in making investment decisions (Feng and Wu 2021).…”

Section: Jurnal Ilmiah Bisnis Dan Ekonomi Asiamentioning

confidence: 74%

The Effects of Environmental, Social, and Governance (Esg) on Corporate Performance

Martha

Khomsiyah

2023

JBK

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This study has the purpose to discuss the effect of Environmental, Social, Governance (ESG) disclosure on market performance. The variables used in this study involved the dependent variable (Tobin's Q), the independent variable (ESG disclosure score), and the moderating variable (ROA and ROE). The population is obtained by the companies listed on the Indonesia Stock Exchange in 2016-2020. Sampling is done by purposive sampling. According to the purposive sampling method, samples are from 67 companies. The multiple regression analysis is used as the analytical method in this study. The results of this study revealed that Tobin's Q has a negative and significant effects on ESG score through ROA and ROE.

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Section: Jurnal Ilmiah Bisnis Dan Ekonomi Asiamentioning

confidence: 74%

The Effects of Environmental, Social, and Governance (Esg) on Corporate Performance

Martha

Khomsiyah

2023

JBK

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“…In recent years, ESG is essential as a way to improve EVs due to the increased risk of climate change and the growing stakeholder demands for sustainability and social responsibility (Feng and Wu, 2021). From a resident's point of view, corporates with good ESG performance enhance the low-carbon and green production awareness, which reduces the consumption of materials in the production stage or recycles used materials (Chouaibi et al, 2022).…”

Section: Mediating Effect Of Esgmentioning

confidence: 99%

Open innovation, enterprise value and the mediating effect of ESG

Luan

Wang

2023

BPMJ

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PurposeThis paper aims to investigate the impact of open innovation (OI) in Chinese enterprises on enterprise value (EV). At the same time, this research explores the effects of OI in environmental, social and governance (ESG) and also reveals the intermediary role of ESG in the impact of OI on improving EV.Design/methodology/approachThis study builds a theoretical framework to define a set of hypotheses verified in empirical research. Based on the panel data of Chinese listed companies removing missing data from 2011 to 2020, a two-way fixed effect model is used to study the relationship between OI, ESG and EV.FindingsThe research shows that OI of enterprises has effectively improved their value. At the same time, OI can also improve the ESG of enterprises. That OI increases EV is partly by the mediating path of ESG.Originality/valueThis study determines the influence of OI on EV from a stakeholder and sustainable development perspective, clarifying the mediating pathway of ESG in the relationship. Doing so could inspire companies to improve their OI and desire to enhance competitiveness. It will also prompt enterprises to pay attention to social responsibility activities.

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“…It has been widely documented that a corporation's ERM practices are an important management tool that drives its OE [ [40] , [41] , [42] , [43] , [44] , [45] , [46] ]. While debts are used to finance corporate operations and are important for its capital structure as managers may decide the usage of debts, that is, whether and to what degree they will finance short or long-run inputs, the availability of and access to credit significantly impacts the OE of businesses [ 34 , [47] , [48] , [49] , [50] ]. Champion [ 51 ] added that leverage is the way to improve corporate OE.…”

Section: Literature Reviewmentioning

confidence: 99%