Sin stocks and ESG scores: Does the nature of your business really matter?

Cayón, Edgardo; Gutiérrez, Juan Camilo

doi:10.14254/2071-8330.2021/14-3/7

Cited by 10 publications

(4 citation statements)

References 17 publications

(13 reference statements)

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“…Some measures voluntary implemented by companies have clear evidence of their positive influence on competitiveness, such as utilization of social capital which is a key element of further firm development [ 74 ]. However, there is a need for constant environmental, social, and governance (ESG) practices supported both on entrepreneurial and country level [ 75 , 76 ].…”

Section: Discussionmentioning

confidence: 99%

Eco-innovation influence on business performance in Jordanian micro, small and medium enterprises operating in the food processing sector

et al. 2023

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Innovative performance is a fundamental asset for building competitive advantage of micro, small and medium enterprises MSMEs. This research empirically examines the direct and indirect relationship between eco-innovation and business performance in Jordanian MSMEs enterprises working in the food processing sector. This research draws on the resource-based view theory to investigate the inter-relationships among three types of eco-innovation (process, product, organizational) and their relative impact on business performance. Furthermore, the researchers used structural equation modelling of 86 samples collected from Jordanian MSMEs operating in the food processing sector. The major contribution of this research is providing a holistic view that explains the inter-relationship among eco-process, eco-product, and eco-organizational innovation. The research reveals the impact of eco-innovation variables on business performance. The greatest is the impact of eco-process on business performance followed by eco-product and eco-organizational respectively. Regarding the effect of eco-organizational and eco-process innovation on eco-product, the findings of the study showed that the greatest is the effect of eco-organizational followed by eco-process. According to the post hoc, the mean differences show that there is statically significant difference in the responses of the respondents towards eco- process regarding different organization age.

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Section: Discussionmentioning

confidence: 99%

Eco-innovation influence on business performance in Jordanian micro, small and medium enterprises operating in the food processing sector

et al. 2023

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“…Owners and managers often prioritise social and affective factors in their decision-making processes (Jurásek et al, 2021). This approach is typical even for businesses in sectors with ethical implications, such as gaming, defence, and adult entertainment (Cayón & Gutierrez, 2021). However, they can also abandon the concept of profit maximisation and engage in profit satisficing because of their strong identification with their social and cultural contexts.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Empirical research on business ethics of SMEs in the V4 countries

Zvaríková,

Bařinová,

Belás

et al. 2023

Ethics &Amp; Bioethics

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The aim of this study is to evaluate the level of select ethical issues in Visegrad Four (V4) countries (Czech republic, Slovakia, Poland, and Hungary) and quantify the differences in the attitudes of entrepreneurs in the field of business ethics in these countries. Empirical research was conducted in June 2022 in the V4 countries. Data collection was carried out by the renowned external company MNFORCE using "Computer Assisted Web Interviewing" (CAWI Research Method), according to the questionnaire created by the research team. The total number of respondents was 1,398, of which 347 were from the Czech Republic, 322 from Slovakia, 381 from Poland, and 348 from Hungary. Statistical hypotheses were verified using descriptive statistics, chi-square, and Z-scores at a α = 5% significance level. The preliminary results of this study can be evaluated as follows: The ethical level of entrepreneurs in V4 countries is high because the dominant group showed a positive attitude towards the defined issues in the field of business ethics. The attitudes of these entrepreneurs showed that they not only perceived the importance of business ethics, but also implemented and promoted these practices in managerial decision-making. Moreover, they feel good when they behave ethically, which is a significant motivating factor. In this study, it was found that Hungarian SMEs presented the highest level of business ethics. In contrast, the Czech Republic presented the lowest level of perception and enforcement of business ethics.

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“…Therefore, an effective audit can increase the trust and engagement of potential investors due to reputational risk reduction (Cayón & Gutierrez, 2021), improvement of the internal customers' relationship (Samoliuk et al, 2022) and increase of overall quality of the corporate governance (Akimova et al, 2020; Jerzemowska & Koyama, 2020). Among auditors' functions, an informative function plays a critical role.…”

Section: Literature Reviewmentioning

confidence: 99%

Using the business model canvas to improve audit processes

Dobrowolski

Sułkowski

Panait

2022

Problems and Perspectives in Management

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The study aims to determine whether auditors can use a business model canvas in their operations and how it increases the auditing value. This paper uses qualitative methods, including in-depth interviews with 37 internal auditors from Poland. It shows that the current channel of communicating audit assumptions with requesters is insufficient to facilitate audit processes. The auditors’ communication with their clients is limited by being in their knowledge area. The study presents a modified business model canvas, which fits auditors’ needs. The proposed changes rely on a different sequence of the traditional Osterwalder’s Canvas building blocks. Besides, modified Osterwalder’s model includes Mission, Impact, and Accountability blocks. These blocks, added to the model, make aware audit parties that the auditors are mission-focused and impact-driven on audited organizations and their environment. Adopting the business model canvas framework in the audit process showed potential, as auditors can better explain audit goals and limitations. The study fits the literature related to firms because it emphasizes that creating the process understandability for external parties is a crucial performance point.

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Sin stocks and ESG scores: Does the nature of your business really matter?

Cited by 10 publications

References 17 publications

Eco-innovation influence on business performance in Jordanian micro, small and medium enterprises operating in the food processing sector

Eco-innovation influence on business performance in Jordanian micro, small and medium enterprises operating in the food processing sector

Empirical research on business ethics of SMEs in the V4 countries

Using the business model canvas to improve audit processes

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