Determinants of Corporate Environment, Social and Governance (ESG) Reporting among Asian Firms
| Autor: | Rashidah Abdul Rahman, Maha Faisal Alsayegh |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
lcsh:Risk in industry. Risk management
Asian companies Accounting Outcome (game theory) economic performance Leverage (negotiation) 0502 economics and business lcsh:Finance lcsh:HG1-9999 ddc:330 corporate sustainability reporting International market business.industry Corporate governance 05 social sciences social determinants 050201 accounting Legitimacy theory lcsh:HD61 Work (electrical) governance Profitability index Business environment 050203 business & management |
| Zdroj: | Journal of Risk and Financial Management, Vol 14, Iss 167, p 167 (2021) Journal of Risk and Financial Management Volume 14 Issue 4 |
| ISSN: | 1911-8066 1911-8074 |
| Popis: | Departing from previous studies, which have mostly focused on Western countries, our work investigates the determinants of the corporate environment, social and governance (ESG) reporting among Asian firms. Examining Asian public listed firms from 2005 to 2017, our cross-sectional model results indicate that firm characteristics (economic performance, profitability, leverage and size) are found to disclose additional ESG information. The outcome is consistent with the legitimacy theory, which posits that firms provide higher ESG reporting to legitimize and justify the firm’s continuous existence. The findings are important for firms, stakeholders and policymakers. While firms may formulate ways to improve ESG reporting to compete in the international market, the stakeholders may pressure firms to disclose more information on ESG and policymakers to designalegal framework on ESG that suits firms in Asia. |
| Databáze: | OpenAIRE |
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