The influence of countries' climate change‐related institutional profile on voluntary environmental disclosures

Mateo‐Márquez, Antonio J.; González, José María González; Ramírez, Constancio Zamora

doi:10.1002/bse.2690

Cited by 23 publications

(16 citation statements)

References 78 publications

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“…page count), Chinese companies and European companies of the sample published reports of approximately double the length of the reports published by companies from Japan and the United States. For further investigations of possible reasons for these differences, it can be helpful to consider cultural differences such as investigated in a recent studies (Mateo‐Márquez et al, 2021; Mohamed Adnan et al, 2018).…”

Section: Descriptive Study Resultsmentioning

confidence: 99%

“…The explorative empirical study presented in this article contributes to the research field of voluntary corporate environmental website disclosure. Various scholar studies on why firms decide for or abstain from voluntarily provide environmental information can be found in the literature (Gray et al, 1996; Mateo‐Márquez et al, 2021; Solomon & Lewis, 2002). Also, explorative studies with similarities to this work are contained in the prior research literature.…”

Section: Introductionmentioning

confidence: 99%

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A multi‐perspective exploration of the environmental website disclosure in global manufacturing

Thimm

Rasmussen

2022

Bus Strat Env

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In this work, more than 340 of the largest manufacturing companies from China, Europe, Japan, and the United States are analysed to measure the extent of their environmental website disclosure from multiple perspectives, to explore determining factors of disclosure and to investigate whether disclosure correlates to scores of environmental performance ratings. The study data set included more than 80 website observation items, data about downloadable annual sustainability reports, financial performance data and the environmental scores in the CDP Rating and the Refinitiv ESG Scores. Descriptive statistical analyses and correlation analyses were performed for the entire sample and for the regional subsets of the sample. One of the major results is that all regions show low levels of website disclosure. However, some variation in the extent of disclosure was found. The lowest level of disclosure was found for Chinese websites. Higher levels were observed for the companies from Europe, Japan and the United States. The analysis of the reports revealed that only one-third of the sample companies from China but more than half of the companies from Europe, Japan and the United States supply recent reports. It was also found that integrated reports are less used in the United States, particularly when compared with companies from Europe and Japan. Insights also suggest that there is a weak to moderate correlation between one of the disclosure scores used and the Refinitiv ESG Scores. Further correlation analyses did not provide indications that company age and financial performance are to be considered determining factors of environmental website disclosure.

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Section: Descriptive Study Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A multi‐perspective exploration of the environmental website disclosure in global manufacturing

Thimm

Rasmussen

2022

Bus Strat Env

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“…Many empirical studies are now taking into account culture while assessing corporate sustainability (Bonner et al, 2021; Keitsch et al, 2016; Packalén, 2010; Renn, 2004; Vastola et al, 2017). While some scholars focused in particular on corporate social disclosure (Vitolla et al, 2019), others have studied the influence of cultural dynamics on the consumer perceptions of corporate sustainability (Mateo‐Márquez et al, 2021). Lastly, only a few studies have explored the direct impact of cultural dimensions on corporate sustainability (Duran & Bajo, 2014; Vollero et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

The financial and green effects of cultural values on mission drifts in European social enterprises

Esposito

Doronzo²,

Dicorato

2022

Bus Strat Env

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The sustainable social enterprises (SEs) literature shows that SEs have to simultaneously pursue economic, social, and environmental aims. However, tensions between these objectives can make this a challenging task and lead towards mission drift. This work investigates if the cultural dimension can forecast the mission drift. We empirically analyze this relationship in three stages. In the first stage, we identify a homogeneous dataset of 287 sustainable SEs from seven EU countries from 2011 to 2020. Then, in the second stage, we apply the data envelopment analysis (DEA) methodology to calculate the efficiency of the SEs. An efficient SE has to simultaneously achieve social, environmental, and economic aims. We calculate a proxy of the mission drift and generate a dichotomous category variable that assigns value 1 to the SE not affected by mission drift, 0 otherwise. In the last stage, we implement the 2SLS logistic regression between the variable that identifies the SEs affected by mission drift and three cultural dimensions: avoidance of uncertainty, masculinity, and short‐term orientation.

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“…However, most agree that disclosure is a more complex construct than the number of items or space allocated to disclosure. Similar to Lemma et al (2018), Luo (2019) and Mateo-M arquez et al (2021), we rely on metrics published by the CDP to operationalize quality. Unlike other studies that use self-constructed indices (Plumlee et al, 2015) or dummy variables based on whether or not carbon information was publicly disclosed (Liao et al, 2015), the CDP's carbon disclosure score we use is more comprehensive and covers many dimensions of a firm's activity regarding climate change (Luo et al, 2012;Tang and Luo, 2014;Lemma et al, 2018).…”

Section: Quality Of Disclosurementioning

confidence: 99%

Cultural influences on the quality of corporate social responsibility disclosures: an examination of carbon disclosure

Perkins

Jeffrey

Freedman

2022

SAMPJ

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Purpose As more companies choose to disclose corporate social responsibility (CSR) information, it is important to gain an understanding of the quality of disclosures and factors that influence quality. The purpose of this study is to examine the role of culture as a determinant of the quality of voluntary carbon emission disclosures. Design/methodology/approach This study uses regression analysis to test the influence of culture on the quality of carbon disclosures. The sample of this study comes from companies who voluntarily report to the carbon disclosure project. The authors operationalize the quality of disclosure using the Carbon Disclosure Leadership Index. The authors operationalize cultural values using both Hofstede’s metrics (Hofstede, 1980) and Project GLOBE (House et al., 2004). Findings This study predicts and finds a negative relationship between quality of disclosure and high individualism scores. This study also finds that the quality of disclosure is lower for companies located in countries with high power distance scores. The authors find that the quality of disclosure is higher for companies located in countries with gender/assertiveness scores that indicate a higher value on the environment than on the importance of economic growth. While quality is marginally related to uncertainty avoidance using Hofstede's measure, quality is not related to uncertainty avoidance using the Project GLOBE metric. The authors did not find a hypothesized negative significant relationship between quality and long-term orientation. Practical implications Quality is a measure of importance to users and regulators of disclosures. Social implications National culture is an important determinant of CSR disclosure quality. Originality/value This study extends the previous research by using a metric for quality based on an independent evaluation of disclosures and by the role of culture in a multi-country study.

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The influence of countries' climate change‐related institutional profile on voluntary environmental disclosures

Cited by 23 publications

References 78 publications

A multi‐perspective exploration of the environmental website disclosure in global manufacturing

A multi‐perspective exploration of the environmental website disclosure in global manufacturing

The financial and green effects of cultural values on mission drifts in European social enterprises

Cultural influences on the quality of corporate social responsibility disclosures: an examination of carbon disclosure

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