The Role of Environmental, Social, and Governance Disclosure in Financial Transparency
| Autor: | Florica Rotaru, Delia Mioara Popescu, Andreea Marin-Pantelescu, Ionica Oncioiu, Alina Șerban, Mihai Petrescu, Anca Elena Aviana |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
media_common.quotation_subject
Geography Planning and Development corporate governance Telecommunications service Analytic hierarchy process TJ807-830 010501 environmental sciences Management Monitoring Policy and Law TD194-195 01 natural sciences Renewable energy sources 0502 economics and business GE1-350 corporate responsible behaviors 0105 earth and related environmental sciences media_common Finance sustainability disclosure Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry Corporate governance Economic sector 05 social sciences Stakeholder Transparency (behavior) Environmental sciences financial transparency Accountability Business 050203 business & management Reputation |
| Zdroj: | Sustainability, Vol 12, Iss 6757, p 6757 (2020) Sustainability Volume 12 Issue 17 |
| ISSN: | 2071-1050 |
| Popis: | In today&rsquo s business environment, corporate governance and financial transparency have an impact on the performance of firms. These changes are important for understanding the widespread accessibility of relevant and reliable information regarding an entity&rsquo s financial and nonfinancial aspects. The purpose of this study was to show how the environmental, social, and governance disclosure performance of companies has gained a reputation of having a fundamental role in financial transparency and how it varies by stakeholder orientation and economic sector. In this regard, we developed a new model based on stakeholders&rsquo perceptions to analyze the impact of environmental, social, and governance disclosure on financial transparency using the Analytic Hierarchy Process (AHP) method and select the economic sector that ensures transparency in sustainable and financial reporting. This model was applied over the 2008&ndash 2018 period to 143 companies from eight countries in the most representative economic sectors: finance, energy, and telecommunication services. Our results portray that environmental, social, and governance reporting are a company&rsquo s means of communication with stakeholders, as part of their accountability and stewardship obligations, and at the same time, they are a tool for achieving transparency regarding the financial performance of a firm. Furthermore, our findings also showed whether environmental, social, and governance (ESG) disclosures act as a vector of financial communication for enterprises, and this relationship will also be evident in their role in financial transparency. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|