Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework

Shad, Muhammad Kashif; Lai, Fong–Woon; Fatt, Chuah Lai; Klemeš, Jiří Jaromír; Bokhari, Awais

doi:10.1016/j.jclepro.2018.10.120

Cited by 191 publications

(126 citation statements)

References 31 publications

Supporting

Mentioning

123

Contrasting

Unclassified

Order By: Relevance

“…Funding entities interpret sustainable activities as generators of uncertainties in terms of the capacity to repay the capital following the diminishing operational performance of companies. Our results are contrary to those obtained by Shad et al [94], who identified a decrease in the informational asymmetry via sustainable reporting substantiated in a reduction of costs of capital.…”

Section: Resultscontrasting

confidence: 99%

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

et al. 2019

View full text Add to dashboard Cite

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.

show abstract

Section: Resultscontrasting

confidence: 99%

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

et al. 2019

View full text Add to dashboard Cite

show abstract

“…In the literature, there is a perspective that states that organizational performance is a multidimensional concept; one of its purposes is to measure the organization, that is, if they were able to meet the objectives proposed by investors (Richard et al, 2009). It is also a way to attract new investors (Shad et al, 2019). For Venkatraman and Ramanujam (1986), consists of three "spheres" that complement each other.…”

Section: Organizational Performancementioning

confidence: 99%

Dimensions of Learning Orientation and Its Impact on Organizational Performance and Competitiveness in Smes

Martínez

Serna

Montoya

2020

Journal of Business Economics and Management

View full text Add to dashboard Cite

There is evidence that indicate a positive relationship of learning orientation (LO) with organizational performance in SMEs of emerging economies. However, there are only few studies that investigate how each one of the dimensions of learning orientation (LO) contributes to variables of results such as competitiveness and organizational performance. The purpose of this study is to analyze the direct effects of each dimension of the construct (LO) with organizational performance and competitiveness, from a quantitative cross-sectional study implemented in 400 SMEs of Aguascalientes city, Mexico using SEM technique. The findings reveal that there is a direct and significant relationship between commitment to learning and shared vision with competitiveness; open-mindedness turned out to have a non-significant positive relationship with competitiveness. While the relationship of open-mindedness and commitment to learning have a positive and significant influence on organizational performance, not so shared vision that has a negative and significant influence on organizational performance. The originality of this paper, is that there is limited contributions of the relationship of LO with each dimension of competitiveness, and performance in SMEs worldwide. Among the implications found it is that the existing evidence may result different in other economies and large businesses.

show abstract

“…Sustainability in the organization is a unique process of how business operations are designed and conducted in such a way that lead to higher organizational performance and better decision making, which -in turn-leads to a better implementation of risk management framework. All of this will improve the overall economic value of the organization (Shad et. al., 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Are Sustainable Firms More Profitable? Evidence From Egypt

Almaleeh

2019

ijafr

View full text Add to dashboard Cite

The purpose of this study is to investigate the association between adopting sustainability practices by Egyptian companies and their level of profitability. Three hypotheses were tested, the first concerned whether sustainable firms achieve higher levels of market value of equity than non-sustainable firms, the second involved whether sustainable firms have higher levels of return on equity compared to non-sustainable ones, and the last was about the amount of cash dividends paid by sustainable firms to their stockholders as opposed to non-sustainable ones. The population of 221 Egyptian companies listed in the Egyptian stock market in the year 2015 was used to test these hypotheses. The results demonstrate that sustainability practices are associated with higher level of both market value of equity and return on equity. Furthermore, cash dividends paid to stockholders are proven to be higher for sustainable firms.

show abstract

Integrating sustainability reporting into enterprise risk management and its relationship with business performance: A conceptual framework

Cited by 191 publications

References 31 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

Dimensions of Learning Orientation and Its Impact on Organizational Performance and Competitiveness in Smes

Are Sustainable Firms More Profitable? Evidence From Egypt

Contact Info

Product

Resources

About