Regulatory Limits to Corporate Sustainability: How Climate Change Law and Energy Reforms in Mexico May Impair Sustainability Practices in Mexican Firms

Lloret, Antonio; Domenge, Rogerio; Castro-Hernández, Mildred

doi:10.3390/systems7010003

Cited by 3 publications

(3 citation statements)

References 55 publications

(72 reference statements)

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“…Another study explored the extent to which regulations can enhance social-responsibility performance in RMG industries using a new governance approach [81], which extended the parameter of the study carried out by Ahern [86]. Next, Haeberle [87] studied the selective-disclosure rule by the SEC that is said to cause the underproduction of corporate information, hence intending to explore one new mechanism: constructing an information market to address the issue. Georgiev [82] expanded the study by Haeberle [87] when he examined the deficiencies of SEC disclosure rules.…”

Section: The Effectiveness Of Regulatory Interventionsmentioning

confidence: 99%

“…Next, Haeberle [87] studied the selective-disclosure rule by the SEC that is said to cause the underproduction of corporate information, hence intending to explore one new mechanism: constructing an information market to address the issue. Georgiev [82] expanded the study by Haeberle [87] when he examined the deficiencies of SEC disclosure rules. Georgiev [82] specifically studied materiality standards that led to the underproduction of information by large companies.…”

Section: The Effectiveness Of Regulatory Interventionsmentioning

confidence: 99%

See 1 more Smart Citation

Regulations on Non-Financial Disclosure in Corporate Reporting: A Thematic Review

Khan

Ali

2023

Sustainability

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There is a growing call globally for corporations to improve transparency in corporate reporting, along with the surge of enhancing disclosure of non-financial information. Companies are seen as agents for contributing to a better future, and hence could assist in achieving the sustainable development goals (SDGs) 2030, via transparent non-financial disclosure. This review paper is premised on the fact that laws on non-financial disclosure may be useful in enhancing the transparency of companies’ conducts. Hence, this systematic review aims to synthesize the literature from 2014 to 2021 on the patterns and trends relating to regulations on non-financial disclosure in corporate reporting by companies. A keyword search followed by filters provided by the Web of Science Core Collection and SCOPUS databases resulted in a total of 369 documents being found. A total of 62 articles were reviewed after manual filtering and exclusion. A thematic review of these 62 articles identified 20 initial codes, which were then grouped into eight clusters: Directive 2014/95/EU, disclosure approaches, fiduciary duties of directors, stakeholder engagement, the effectiveness of disclosure regulations, the impacts of rules, the role of different actors and corporate accountability. The paper finds that the patterns and trends in the review set the path for future research on laws of non-financial disclosure, as they serve as a guideline for researchers for future studies.

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Section: The Effectiveness Of Regulatory Interventionsmentioning

confidence: 99%

Section: The Effectiveness Of Regulatory Interventionsmentioning

confidence: 99%

Regulations on Non-Financial Disclosure in Corporate Reporting: A Thematic Review

Khan

Ali

2023

Sustainability

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“…Particularly, isolated studies of the FEI have been found to be related to the measurement of performance, relevance, and consistency for environmental management mainly associated with soil, water, and air pollution [36,37]. Several authors have reviewed the environmental taxes in the country, and recent studies have addressed negotiable climate change levies, permits, and environmental taxes on carbon [11,[38][39][40].…”

Section: State Of the Fei In Mexico And In The Marine-coastal Areasmentioning

confidence: 99%

Fiscal Economic Instruments for the Sustainable Management of Natural Resources in Coastal Marine Areas of the Yucatan Peninsula

et al. 2021

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Fiscal economic instruments (FEI) are indirect regulation mechanisms that generate public revenue for the state through rights to use, charges, and concessions. In Mexico, some of these instruments can be used in the surveillance, administration, and preservation of the environment. In this paper, we analyze the changes in Federal and State growth rates of expenditure budgets in critical areas of the Yucatan Peninsula coast to describe their contribution to sustainable development during the last 12 years. We present an adaptation of the methodological guide of economic instruments for environmental management from CEPAL, with 2013 as the base year for the Gross Domestic Product (GDP) deflator and the use of the Protocol of Nagoya year as an international compromise signed by Mexico. The results obtained show that the expenditure budgets respond to economic, political, and short-term security attention without expectations for sustainability. However, alarming evidence of severe environmental deterioration in the coast is diminishing natural attraction, from tourism, for example, which is the main source of income in the region. The effective use of FEI by local governments may be useful to addressing environmental challenges from a decentralization process with better awareness of the importance of coastal areas for regional sustainability.

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An empirical analysis of SMES’ triple bottom line practices

Edeigba

Arasanmi

2021

JAOC

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Purpose This study aims to examine the determinants of small and medium enterprises (SMEs) sustainability practices in New Zealand from the triple bottom line (3BL) perspective. Unlike large companies and government agencies whose sustainability practices are driven by regulations and attempts to legitimise business operations, little is known about the drivers of SMEs’ sustainability practices. Design/methodology/approach A cross-sectional survey approach was adopted for the data collection. The analysis was mainly descriptive, while the covariates’ effects were measured based on partial least squares structural equation modelling. Findings This paper identified that SMEs’ 3BL practices are significantly influenced by local bylaws, voluntary adoption of 3BL operational policies and company size. This paper finds that the SMEs’ industry type is not statistically significant as a determinant of their 3BL practices. This implies that regulation and operational policies increase sustainability practices in the SME sector. Practical implications These findings provide insights to SMEs’ managers on the importance of sustainability policies adoption and bylaws. Government departments and local government councils could adopt the findings in developing regulatory policies that support SMEs’ 3BL. Social implications This study provides support for economically, environmentally and socially sustainable business practices amongst SMEs. Originality/value A dearth of studies on SMEs sustainability practices exists in the extant literature, particularly in New Zealand. The study focusses on SMEs sustainability in the viewpoint of 3BL practices based on an empirical analysis.

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Regulatory Limits to Corporate Sustainability: How Climate Change Law and Energy Reforms in Mexico May Impair Sustainability Practices in Mexican Firms

Cited by 3 publications

References 55 publications

Regulations on Non-Financial Disclosure in Corporate Reporting: A Thematic Review

Regulations on Non-Financial Disclosure in Corporate Reporting: A Thematic Review

Fiscal Economic Instruments for the Sustainable Management of Natural Resources in Coastal Marine Areas of the Yucatan Peninsula

An empirical analysis of SMES’ triple bottom line practices

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