Sustainability assurance and cost of capital: Does assurance impact on credibility of corporate social responsibility information?

Martínez‐Ferrero, Jennifer; García‐Sánchez, Isabel‐María

doi:10.1111/beer.12152

Cited by 87 publications

(117 citation statements)

References 99 publications

(330 reference statements)

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“…Reporting more and better quality CSR information as well as getting it externally assured reinforces the credibility and improves confidence and perception of information users (Pflugrath, Roebuck, & Simnett, 2011). The trust generated by the corporate transparency advances understanding of the risks for investors and creditors thus reduces the cost of the debt for reporting firms (Martínez-Ferrero & García-Sánchez, 2017). Furthermore, enhanced investor confidence may help firms improve their access to financial resources (Cheng et al, 2014).…”

Section: Theoretical Lens Literature Review and Hypothesis Develomentioning

confidence: 99%

Impact of disclosure and assurance quality of corporate sustainability reports on access to finance

García‐Sánchez

Hussain

Martínez‐Ferrero

et al. 2019

Corp Soc Responsibility Env

Self Cite

134

107

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This paper investigates the impact of corporate social responsibility (CSR) disclosure quantity, quality, and external validation concerning assurance on capital constraints.We examine if these disclosure characteristics matter to the investors in the financial market, then they should be positively evaluated by financial market participants.More specifically, we study the effects of disclosure quantity, quality, and assurance on the access to financial resources for reporting firms. Analysis of data of an international sample for the period of 2007-2016 significantly supports the value relevance idea of CSR disclosure quality. We document that availability of more information about the firm's CSR initiatives eases the financial access. Furthermore, the quality and external assurance of CSR disclosure further strengthen the relationship between disclosure and access to finance. Our paper not only provides support for buying assurance but also argue for better assurance quality.

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Section: Theoretical Lens Literature Review and Hypothesis Develomentioning

confidence: 99%

Impact of disclosure and assurance quality of corporate sustainability reports on access to finance

García‐Sánchez

Hussain

Martínez‐Ferrero

et al. 2019

Corp Soc Responsibility Env

Self Cite

134

107

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“…Environmental disclosure quality score is higher for those firms who received a third‐party assurance for their reports compared to those who did not (Moroney and Windsor, ). Moreover, companies with their CSR reports assured have lower cost of capital and the effect is also subject to the assurance provider (Martínez‐Ferrero and García‐Sánchez, ). Additionally, businesses looking to enhance the credibility of reports as well as improving their reputation have higher likelihood to have sustainability reports audited (Simnett and Vanstraelen, ).…”

Section: Trends In Csr Researchmentioning

confidence: 99%

Current Trends within Social and Environmental Accounting Research: A Literature Review

Chung

Cho

2018

Accounting Perspectives

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Given the recent rise in the evolution and maturity of social and environmental accounting (SEA) research and scholarship, we provide a literature review of the current trends within this area in a concise and harmonized manner for a wider audience in academia and practice. More specifically, we visit the current state of scholarly work, which can be useful in facilitating future research questions and further development of SEA research associated with relations between corporate social performance (CSP), corporate social disclosure (CSD), and corporate financial performance (CFP). Our goal is to offer insights to the current state of SEA research that is informative to both novice and expert SEA scholars, with the hope to promote and stimulate further advancement of research in this particular area. Drawing knowledge from relevant disciplines such as accounting, management, finance, and economics, this article visits the current trends within SEA research in terms of definition, research topics, theoretical viewpoints, methodological approaches, as well as suggestions for future research.

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“…Take a look, for instance, at VeChain's collaboration partners: PwC (Ng, ) helps monitor the practical implementation of VeChain's blockchain; Deutsche Bahn/Schenker runs a pilot project on logistics, and DNV GL, a Norwegian registrar company, is co‐developing with VeChain a digital system to enhance the trustworthiness of blockchain data through certified assurances concerning the data input. Given the important role of assurance in CSR information (Martínez‐Ferrero & García‐Sánchez, ), blockchain‐based supply chain applications make important steps toward the datafication of business ethics tenets.…”

Section: Ethically Favorable Applicationsmentioning

confidence: 99%

Blockchain and business ethics

Dierksmeier¹,

Seele

2019

Business Ethics: A Eur Rev

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This paper provides, from a business ethics perspective, a basic clustering of the morally (a) favorable, (b) unfavorable, and (c) ambivalent dimensions of blockchain technology and its various emergent applications. Instead of proffering specific assessments on particular aspects of blockchain‐based business models, we aim to offer an initial overview that charters the territory so that future research can bring about such moral assessments in an informed and orderly fashion. The main contribution of this paper lies in identifying several morally ambivalent dimensions of blockchain technology, which we finally link to two strands of business ethics research: ethical and legal aspects of legislation as well as a link to Habermasian corporate social responsibility theory arguing for transparent data production and consumption on the blockchain. We conclude that future research is necessary for moral assessment of the ambivalent cases, since their ethical evaluation changes depending on whether one analyzes them through the lenses of utilitarianism, contractarianism, deontology, and virtue ethics, respectively.

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Sustainability assurance and cost of capital: Does assurance impact on credibility of corporate social responsibility information?

Cited by 87 publications

References 99 publications

Impact of disclosure and assurance quality of corporate sustainability reports on access to finance

Impact of disclosure and assurance quality of corporate sustainability reports on access to finance

Current Trends within Social and Environmental Accounting Research: A Literature Review

Blockchain and business ethics

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