Interactive effects of brand reputation and ESG on green bond issues: A sustainable development perspective

Cheng, Louis T. W.; Sharma, Piyush; Broadstock, David C.

doi:10.1002/bse.3161

Cited by 40 publications

(18 citation statements)

References 90 publications

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“…More specifically, they see ESG as being supportive of sustainable activities; nevertheless, they find financial performance negatively impacts GB issuance. Cheng, Sharma, and Broadstock (2022) study the impacts of brand reputation and ESG on international GB issuance and discover a robust beneficial influence of ESG disclosure score and its interaction with a brand reputation on GB issuance, arguing that ESG might be a critical driver of successful GB issuance.…”

Section: Review Of Related Literaturementioning

confidence: 97%

Using green and ESG assets to achieve post-COVID-19 environmental sustainability

Hasan

Rashid

Hossain

et al. 2023

FREP

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PurposeThis research explores the spillovers and portfolio implications for green bonds and environmental, social and governance (ESG) assets in the context of the rapidly expanding trend in green finance investments and the need for a green recovery in the post-COVID-19 era.Design/methodology/approachThis study utilizes Diebold and Yilmaz’s (2014) spillover method and portfolio strategies (hedge ratio, optimal weights and hedging effectiveness) for the data starting from February 29, 2012, to March 14, 2022.FindingsThe study’s findings reveal that the lower volatility spillover is evidenced between the green bonds and ESG stocks during tranquil and turbulent periods (e.g. COVID-19 and Russia-Ukraine War). Furthermore, hedging costs are lower both in normal times and during economic slumps. Investing the bulk of the funds in green bonds makes it possible to achieve maximum hedging effectiveness between the S&P green bond (GB) and the S&P 500 ESG.Practical implicationsBoth investors and policymakers may use these findings to make wise investment and policy choices to achieve post-COVID environmental sustainability.Originality/valueUnlike previous research, this is the first to explore the interconnectedness among the major global and country-specific green bonds and ESG assets. The major findings of this study about the lower volatility spillovers and hedging costs between green bonds and ESG assets during the tranquil and turbulent periods may contribute to the post-COVID investment portfolio for environmental sustainability.

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Section: Review Of Related Literaturementioning

confidence: 97%

Using green and ESG assets to achieve post-COVID-19 environmental sustainability

Hasan

Rashid

Hossain

et al. 2023

FREP

View full text Add to dashboard Cite

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“…Inspired by Gillan et al (2021) and Cheng et al (2023), this study added control variables of board size (Bs), independent director ratio (Idr), development capacity (De), leverage ratio (Lev), firm size (Size), property rights nature (Prty) and industry type (Ind) from various aspects of firms' finance, governance and nature of business. In addition, the model controlled for firm, time and industry effects.…”

Section: Control Variablesmentioning

confidence: 99%

The impact of environmental, social and governance performance on brand value: The role of the digitalisation level

Wang,

Cao,

Cai

2024

South African Journal of Business Management

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Purpose: Studying the role of environmental, social and governance (ESG) performance in enhancing brand value is strategically important for promoting sustainable development.Design/methodology/approach: Using panel data for 126 different brands over 10 years, we empirically analyse the impact of ESG performance on brand value, considering the moderating role of the digitalisation level.Findings/results: Firstly, the impact of ESG performance on brand value exhibits a U-shaped relationship. Secondly, the digitalisation level negatively moderates the U-shaped relationship. Thirdly, the effect of ESG performance on brand value is mainly on the sub-items of environment and social responsibility, while the effect of governance is not significant.Practical implications: Firstly, firms should recognise the complex relationship between ESG performance and brand value, and strive to find a balance between economic benefits and sustainable development. Secondly, firms can utilise digital technology and platforms to communicate and interact with consumers, integrating ESG principles into their daily brand activities. Thirdly, investments in environmental and social responsibility are more meaningful for improving brand value.Originality/value: Firstly, our study adds value to corporate social responsibility (CSR) and ESG literature by investigating the non-linear impact of ESG performance on brand value. Secondly, we replenish the mechanistic study about how ESG performance affects brand value. Thirdly, we open the black box of the effect of single indicators (E/S/G) on brand value, including the specific direction and strength.

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“…Then, the next layer shows that, once developed to a certain level, the business will achieve a certain market share through developing the domestic market, exporting, and building a brand. Many studies have been providing insight into the role of brand and reputation in promoting sustainable development at the corporate level [ 34 ]. These studies highlight the importance of brand image, reputation and CSR (Corporate social responsibility) initiatives in driving stakeholder engagement, differentiation, and investor confidence., risk mitigation, employee engagement and advocacy for sustainable practices.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate governance for sustainable development in Vietnam: Criteria for SOEs based on MCDM approach

Hoang,

Nguyen,

Tran

et al. 2024

PLoS ONE

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This research explores the nexus between corporate governance and sustainable development, focusing on State-Owned Enterprises (SOEs) in Vietnam. Recognizing the pivotal role of SOEs in the national economy, this study employs a Multi-Criteria Decision-Making approach (MCDM) to assess and enhance the corporate governance frameworks of these entities. First, the Data Envelopment Analysis (DEA) model is employed to identify the most qualified prospective SOEs firms based on several quantitative criteria. Then, the spherical fuzzy analytic hierarchy process (SF-AHP) model is used to identify priority weights for a given set of qualitative criteria, the Evaluation based on distance from average solution (EDAS) model is implemented to rank enterprises in the SOEs sector. To validate the proposed models, a case study conducted within the Vietnamese electric power industry is utilized. The MCDM methodology integrates diverse factors such as business management, corporate social responsibility, and corporate governance shareholder to construct a comprehensive evaluation framework. By applying this approach, the study aims to identify the key drivers and barriers influencing corporate governance practices within Vietnamese SOEs. The study’s findings illustrate the efficacy of the suggested approach in evaluating corporate governance performance, providing valuable insights for policymakers, corporate leaders, and stakeholders involved in shaping the governance landscape of SOEs in Vietnam. By aligning corporate governance with sustainable development principles, the research aims to contribute to the ongoing discourse on responsible business practices, offering practical recommendations to enhance the performance and resilience of SOEs in the pursuit of long-term socio-economic and environmental sustainability.

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Interactive effects of brand reputation and ESG on green bond issues: A sustainable development perspective

Cited by 40 publications

References 90 publications

Using green and ESG assets to achieve post-COVID-19 environmental sustainability

Using green and ESG assets to achieve post-COVID-19 environmental sustainability

The impact of environmental, social and governance performance on brand value: The role of the digitalisation level

Corporate governance for sustainable development in Vietnam: Criteria for SOEs based on MCDM approach

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