scholarly journals The Effect Of Environmental, Social and Governance (ESG) Disclosure on Firm Performance: The Role of Ceo Tenure

2020 ◽  
Vol 10 (2) ◽  
pp. 261
Author(s):  
Agus Triyani ◽  
Suhita Whini Setyahuni ◽  
Kiryanto Kiryanto
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Corporate Sustainability ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Ceo Tenure ◽  
Comprehensive Picture ◽  
Multiple Regression Technique ◽  
The Relationship

This paper aims to investigate the effect of environmental, social, and governance (ESG) disclosure on firm performance, which is measured by ROE. We also analyze the role of CEO tenure on the relationship between ESG disclosure and ROE. We used 159 samples of public listed companies in Indonesia during period of 2012 to 2016. We employed multiple regression technique to assess the research model. The findings show that ESG disclosure has a positive impact on ROE. The better the quality of ESG disclosure can enhance the level of ROE. In addition, we found a moderating effect of CEO tenure on the relationship between ESG disclosure and ROE. However, CEO tenure plays a role in decreasing the relationship between ESG disclosure and ROE. Our empirical evidence support the process of sustainability investment by using ESG data analysis, to get more comprehensive picture regarding companies sustainability performance. The findings of this study are expected to provide strong evidence regarding the importance of ESG disclosure in enhancing corporate performance. Furthermore, the findings are also expected to be able to ensure potential investors in using ESG disclosure to evaluate corporate sustainability performance.

scholarly journals The Mediating Role of Responsible Innovation in the Relationship between Stakeholder Pressure and Corporate Sustainability Performance in Times of Crisis: Evidence from Selected Regions in China

2021 ◽  
Vol 18 (14) ◽  
pp. 7277
Author(s):  
Hong Tian ◽  
Jiahui Tian
Keyword(s):  
Positive Impact ◽  
Empirical Studies ◽  
Corporate Sustainability ◽  
Responsible Innovation ◽  
Chinese Sample ◽  
Sustainability Performance ◽  
Mediating Role ◽  
Corporate Sustainability Performance ◽  
Stakeholder Pressure ◽  
The Relationship

Responsible innovation, as a new management paradigm that balances the need for profit growth and the appeal of social value, plays an important role in taking into account corporate economic, social and environmental performance. It provides new ideas for driving enterprises to become more risk-resistant and sustainable in times of crisis. However, existing research on responsible innovation has mostly focused on content issues, and there is a lack of sufficient research and empirical studies on its effectiveness in business organizations. Based on the stakeholder theory and the research logic of “pressure–behavior-performance”, this study investigates the formation mechanism of responsible innovation and its impact on corporate performance. Through empirical research on 306 Chinese sample data, the results show that stakeholder pressure has a positive impact on corporate sustainability performance and responsible innovation plays a partially mediating role in this relationship. Flexible routine replication positively moderates the relationship between stakeholder pressure and responsible innovation, while positively moderating the mediating role that responsible innovation plays between stakeholder pressure and corporate sustainability performance. This study contributes to helping enterprises recognize the importance of responsible innovation in responding to stakeholder pressure and promoting corporate sustainability performance in times of crisis.

scholarly journals Gender diversity and corporate sustainability performance: empirical evidence from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ritu Pareek ◽  
Tarak Nath Sahu ◽  
Arindam Gupta
Keyword(s):  
Positive Impact ◽  
Stock Exchange ◽  
Corporate Sustainability ◽  
Gender Diversity ◽  
Women Directors ◽  
Content Type ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
The Impact ◽  
The Relationship

Purpose This study aims to attempt to evaluate and establish the relationship between gender diversity (GD) on the board and corporate sustainability performance. Design/methodology/approach A sample of 212 non-financial companies listed on the National Stock Exchange has been considered for a period of 2013–2014 to 2018–2019. For the purpose of the analysis, this study has conducted the static panel data model analysis and also some diagnostics tests to arrive at robust results. Findings This study, from its analysis, interprets that GD or the proportion of women directors in the company plays a significant role in the decisions related to the sustainability performance of the company. Alongside GD, the profitability of the company, measured in terms of Tobin’s Q, and firm size are also seen to have a positive impact on the sustainability performance of the company. Practical implications This study from its findings contributes to the existing works of literature by highlighting the impact of GD on the sustainability performance of the firm. This study thus recommends the recruitment of an ample number of females in the top-notch positions of the board to create a gender-diverse management team to reap the benefits of leadership styles of both genders. Originality/value Very few studies have been conducted on the dynamics of women’s directorship, especially in an emerging economy like India. This study thus tries to fill this important gap in the literature by examining the relationship between board GD and sustainability performance of Indian firms.

ENVIRONMENTAL REGULATION IMPROVES THE FIRM PERFORMANCE IN THE PAPER INDUSTRY IN CHINA

2021 ◽  
pp. 1-32
Author(s):  
YONGLIANG YANG ◽  
LILI DING ◽  
YI LI
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Paper Industry ◽  
Average Treatment Effect ◽  
Small Scale ◽  
Positive Role ◽  
Firm Level ◽  
Innovation Ability ◽  
The Relationship

This research develops a difference-in-differences (DID) model to explore the relationship between environmental policy (The Measures for the Administration of Permits for the Discharge of Key Water Pollutants in the Huaihe and Taihu River Basins, MAPD) and the performance of firms involved in the paper and paper products industry (MPP) in China. Cost and innovation are introduced as mediators to explore the mediating effects. A firm-level dataset from 1998 to 2007 is adopted for empirical study. The findings support the positive role of the MAPD, and the average treatment effect is 0.016.The heterogeneity analysis shows that the MAPD exerts a positive impact on non-state-owned and small-scale enterprises, with coefficients of 0.018 and 0.021, respectively. Moreover, MAPD increases enterprise costs harming firm performance. On the other hand, it can promote firm performance by improving innovation ability.

scholarly journals Sustainable Transport and Corporate Sustainability Performance: Moderating Role of Organization Age

2018 ◽  
Vol 7 (4.35) ◽  
pp. 693
Author(s):  
Maryam Jamilah Asha’ari ◽  
Salina Daud
Keyword(s):  
Manufacturing Sector ◽  
Corporate Sustainability ◽  
Sustainable Transport ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Chemical Manufacturing ◽  
Manufacturing Organizations ◽  
Green Practices ◽  
Moderating Role

Sustainability has been seen as a crucial issue that is being faced by many sectors in Malaysia which involves manufacturing sector. The Malaysian government has enhanced manufacturing organizations to apply green practices in the working environment to achieve corporate sustainability performance. In order for an organization to achieve corporate sustainability performance, the practices of the organization in using green technology such as sustainable transport is very important. The aim of this study is to examine the effects of sustainable transport on corporate sustainability performance with the moderating role of organization age. Drawing data from 130 Malaysia chemical manufacturing organizations, the model studies the moderating role of organization age on the sustainable transport and the corporate sustainable performance of the organizations. Partial Least Square (PLS) analysis is used in this study in order to analyze the data and the multistage sampling technique has also been used in this study. The results show that there is a positive relationship between sustainable transport and corporate sustainability performance. The results also suggest that organization age do not moderates the effect of sustainable transport and corporate sustainability performance. In achieving corporate sustainability performance, this study is important as it will guide employees in the manufacturing sector especially in chemical manufacturing organizations to practice the appropriate green practices such as sustainable transport.

scholarly journals Profitability, feminism of board of directors and corporate sustainability performance

2019 ◽  
Vol 8 (6) ◽  
pp. 351-356
Author(s):  
Dewa Ayu Sri Swasti Putri Wiryani ◽  
Eko Ganis Sukoharsono ◽  
Endang Mardiati
Keyword(s):  
Board Of Directors ◽  
Corporate Sustainability ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance

The objective of this study is to exаmine the impаct of profitаbility аnd feminism of boаrd of directors on corporаte sustаinаbility performаnce. This study аlso investigаtes the role of independent boаrd in moderаting the relаtionship between profitаbility аnd feminism of boаrd of directors on corporаte sustаinаbility performаnce. The аnаlysis of this study use moderаted regression аnаlysis with bаlаnced pаnel dаtа. The sаmple consists of 51 firms, bаsed on purposive sаmpling method. The results find thаt profitаbility аnd feminism of boаrd of directors hаve negаtive effect on corporаte sustаinаbility performаnce. The result аlso shows thаt independent boаrd moderаtes the relаtionship between profitаbility аnd feminism of boаrd of directors on corporаte sustаinаbility performаnce.

The mediating role of environmental innovation in the relationship between environmental management and firm performance in a multi-stakeholder environment

2013 ◽  
Vol 13 (2) ◽  
pp. 119-137 ◽  
Author(s):  
K. Grekova ◽  
H.J. Bremmers ◽  
J.H. Trienekens ◽  
R.G.M. Kemp ◽  
S.W.F. Omta
Keyword(s):  
Environmental Management ◽  
Firm Performance ◽  
Product Innovation ◽  
Positive Impact ◽  
Mediating Effect ◽  
Environmental Innovation ◽  
Mediating Role ◽  
Environmental Process ◽  
The Relationship

Nowadays, firms are increasingly challenged to bridge potentially conflicting economic interests of primary commercial stakeholders and sustainability demands from secondary non-commercial stakeholder groups. While a number of firms view investments in environmental management as disconnected from their value-creating activities, others have reported achieved cost efficiency and differentiation advantages. Prior research suggests that environmental innovation might be the missing link between environmental management and firm performance. However, the mediating effect of environmental innovation in the relationship between environmental management and a firm's performance had not been empirically tested so far. Our paper provides a contribution by conducting an empirical investigation into this possible mediating effect. Although the presumed mediating role of environmental innovation suggests that it is influenced by internal environmental management, environmental innovation literature is especially concerned with the role of external stakeholders in environmental innovation. This study investigates the role of the engagement of stakeholders such as supply chain partners, industry, and public authorities in environmental impact reduction. We hypothesise that environmental innovation positively mediates the relationship between environmental management and firm performance, and that the engagement of stakeholders has a positive impact on environmental innovation. The research model was tested with a variance-based structural equation model using data from 90 Dutch food and beverage firms. The results confirm the positive mediating effect of environmental process innovation on the relationship between environmental management and cost efficiency advantage. Environmental product innovation contributes to a differentiation advantage but it is not significantly influenced by environmental management. So we could not support a positive mediating effect of environmental product innovation on the relationship between environmental management and differentiation advantage. Instead, environmental collaboration with supply chain partners has a strong positive impact on environmental product innovation. It also positively influences environmental process innovation but this influence is much weaker than the influence of internal environmental management. Our findings can assist managers in their decision making regarding the implementation of environmental innovations and environmental collaboration with external parties. The study is also relevant to policy makers as a tool to assess the appropriateness of their policy.

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