The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

Petruzzelli, Saverio; Badia, Francesco

doi:10.1108/jaar-11-2022-0290

Cited by 3 publications

(1 citation statement)

References 84 publications

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“…Questionnaires engage diverse stakeholders, such as employees, customers, suppliers, local communities, and investors (Ng et al, 2023;Petruzzelli & Badia, 2023). This inclusive approach enables the capturing of multiple perspectives, identification of blind spots, and evaluation of a company's ESG criteria's overall impact on various stakeholders (Stewart et al, 2015;Thimm & Rasmussen, 2023).…”

Section: Discussionmentioning

confidence: 99%

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

Barbosa,

Crispim,

da Silva

et al. 2024

Bus Strat Env

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Evaluation of corporate sustainability parameters has become part of organizational management. Item Response Theory (IRT) serves as a valuable approach for quantifying and exploring observable variables associated with these parameters. Therefore, this article aims to propose, apply, and validate an instrument utilizing IRT to measure environmental, social, and governance (ESG) impacts on corporate sustainability performance, using the perspective of workers. Workers were chosen as key stakeholders for the present study, as they were pointed by previous research as central to corporate sustainability decisions. The present paper addresses a literature gap by introducing, implementing, and validating a research instrument, along with a comparative scale, to assess the effects of integrating ESG criteria on corporate sustainability performance. Workers of two major Brazilian electricity sector companies were respondents for this instrument. Multigroup IRT method was used to assess item discrimination and difficulty levels, and to construct a scale reflecting workers' perceptions of integrating ESG criteria. The questionnaire consisted of 15 items, demonstrating Content Validity Coefficients (CVC) above .97, confirming the instrument's content effectiveness. Cronbach's Alpha and McDonald's Omega were greater than .94 for both companies. Questionnaire items demonstrated satisfactory discrimination ability and varying difficulty levels, resulting in a five‐level scale to gauge the impacts of ESG criteria. This research contributes through the introduction and validation of the research instrument, the latent trait assessment scale, and the evaluation of workers' perceptions regarding ESG criteria impacts on corporate sustainability performance. In conclusion, the proposed instrument showed robust psychometric properties, displaying favorable reliability and validity parameters. It effectively measures the impacts of ESG criteria, providing interpretable levels aligned with the unique characteristics of its constituent items

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Section: Discussionmentioning

confidence: 99%

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

Barbosa,

Crispim,

da Silva

et al. 2024

Bus Strat Env

View full text Add to dashboard Cite

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CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID‐19

Ardianto,

Cahyono,

Sulaiman

2024

Bus Strat Dev

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This study examines the relationship between family‐run businesses and the quality of environmental, social, and governance (ESG) disclosure, with a specific focus on the influence of the COVID‐19 pandemic. Drawing on a sample of 559 firm‐year observations from publicly listed companies in ASEAN countries spanning from 2019 to 2022, this study measure ESG disclosure quality using the global reporting initiative guidelines for sustainability reports. Family‐run businesses are identified as those with family members serving on the board of directors. This study finding reveals that family‐run businesses exhibit higher ESG disclosure quality compared to companies without family representation on their boards. Furthermore, results show a significant positive impact of the COVID‐19 pandemic on the relationship between family‐run businesses and their ESG disclosure practices. The implications of this study are significant for various stakeholders, including owners, management, and regulators. This research contributes to the existing literature by offering empirical evidence on the relationship between family‐run businesses and ESG disclosure within the context of ASEAN countries, particularly amidst the COVID‐19 pandemic. By shedding light on the positive association between family involvement and ESG disclosure quality, this study provides valuable insights for practitioners and policymakers seeking to promote sustainable business practices in emerging markets.

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Anti-corruption disclosure: evidence from the natural experiment of the Non-Financial Reporting Directive

Aluchna,

Kamiński,

Wrzosek

2024

Decision

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Drawing upon institutional theory, we investigate how companies react to coercive pressures which impose anti-corruption disclosure practices. We adopt the concept of change in the institutionalized field and investigate the impact of the natural experiment of the Non-Financial Reporting Directive (NFRD) implementation on a company’s choice for disclosing its anti-corruption policy. We examine the relationship between firm linkages with the external environment, proxied by board independence and ownership dispersion, and anti-corruption disclosure. We use a sample of 72 companies listed on the Warsaw Stock Exchange over the period of 2015–2019 that were subject to the NFRD legislation. The evidence from the Tobit model shows that the linkages with the external environment differentiate company reactions to the implementation of the mandatory reporting legislation. In particular, greater company linkages via interdependent directors and ownership dispersion increase the scope of the anti-corruption disclosure in the post-NFRD period. Our study offers policy implications suggesting that corporate scrutiny and exposure to external constituencies may improve implementation of legislation into company practice and enhance anti-corruption disclosure.

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The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

Cited by 3 publications

References 84 publications

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

How can organizations measure the integration of environmental, social, and governance (ESG) criteria? Validation of an instrument using item response theory to capture workers' perception

CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID‐19

Anti-corruption disclosure: evidence from the natural experiment of the Non-Financial Reporting Directive

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