scholarly journals Corporate Governance Quality, Stakeholders’ Pressure, and Sustainable Development: An Integrated Approach

2020 ◽  
Vol 5 (6) ◽  
pp. 1077-1090
Author(s):  
Akeel Almagtome ◽  
Maithm Khaghaany ◽  
Saime Önce
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Circular Economy ◽  
Sustainability Reporting ◽  
Integrated Approach ◽  
Manufacturing Companies ◽  
Industrial Companies ◽  
Stakeholder Pressure ◽  
Governance Practices ◽  
Social Environmental

The goal of this paper is to explore the interrelated relationships between the quality of corporate governance, Stakeholder’s pressure, and Sustainability Reporting. We claim that sustainable development strategies are the result of the interaction of two variables: the standard of corporate governance and the pressure of stakeholders rather than the outcome of a single variable. The results indicate that the company size and corporate governance rating are positively correlated with sustainability reporting Scores disclosed by the Turkish companies. The analysis of 125 firm-year data suggest that the company provides more SRS if it has a better corporate governance rating; or larger total assets. The paper also reveals that social, environmental and economic indicators, as pillars of sustainable development, are not the result of corporate governance practices or of stakeholder pressure alone, but represent a holistic reflection of the accumulated effects of various factors related to both corporate governance practices and stakeholder theory. This paper extends the work of Taşkirmaz, and Gamze (2017) which examined the relationship between corporate governance and corporate social responsibility. Our results increase understanding of sustainable practices of the circular economy in Turkish industrial companies and indicate future trends for these applications. This research will help managers of manufacturing companies in formulating their plans to maximize the use of available resources and improve efficiency in the context of the circular economy.

scholarly journals The effect of tax avoidance, sustainbility report, corporate governance on firm value: Leverage as moderating (Empirical Study On Registered Manufacturing Companies On the Indonesia Stock Exchange 2014-2019)

2021 ◽  
Vol 19 ◽  
pp. 506-519
Author(s):  
Endro Andayani ◽  
Harti Budi Yanti
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Sustainability Reporting ◽  
Manufacturing Companies ◽  
Improve Performance ◽  
Positive Direction ◽  
Governance Practices ◽  
Sustainability Report

Disclosure about the factors that influence firm value is the aim of this study. Tax avoidance variables, sustainability reports, corporate governance practices and leverage are thought to influence firm value. Samples were selected based on certain criteria. Therefore, data obtained from the Indonesia Stock Exchange as many as forty companies for six years (2014 to 2019). The results reveal that tax avoidance, sustainability reporting, corporate governance practices affects firm value in a negative direction. Meanwhile, leverage affects firm value in a positive direction. The effect of the sustainability report on firm value is proven not to be strengthened by the leverage variable as a moderating variable, but it does strengthen the effect of tax avoidance and corporate governance on firm value.. Originality / Value - This paper contributes to three different series of studies: the literature on government as a determinant of tax avoidance in Indonesia. For companies, evaluate, improve, improve performance. For investors, to assist in making wise judgments about the value of the firm, it is worth considering other factors and for the academy as the theoretical library used. For further research with institutional ownership variable, financial crisis as a moderating variable.

Sustainability Reporting Trend in Indian Companies as per GRI Framework: A Comparative Study

2015 ◽  
Vol 4 (1) ◽  
pp. 62-73 ◽  
Author(s):  
Anurodh Godha ◽  
Prerna Jain
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Sustainability Reporting ◽  
Third Party ◽  
Global Reporting Initiative ◽  
Environmental Care ◽  
Reporting Framework ◽  
Negative Impacts ◽  
Social Environmental

Sustainable development implies development that meets the need of the present generation without compromising the ability of future generations to meet their own needs. As a result of the global upsurge of interest in sustainable development, the sustainability reporting system has emerged. Sustainability reporting enables the creation of long-term value for organizations. It is forward-looking and includes quantitative and qualitative reporting measures. It is a key platform for communicating the organization’s economic, social, environmental and governance performance, reflecting positive and negative impacts. It can be undertaken by all types, sizes and sectors of organizations. Through the Global Reporting Initiative (GRI) Sustainability Reporting Framework, the GRI works to increase the transparency and exchange of sustainability-related information. The present study conceptually reviews sustainability reporting and its benefits for the entities. Here, an attempt has been made to examine the development in the Indian regulatory environment for sustainability reporting along with finding out trend, application level and status of the sustainability reporting practice of Indian entities as per the GRI reporting framework. The findings reveal that the development of the corporate governance standard is maturing in India. Amendments in laws and changes in the regulatory mechanism are creating pressure on entities to respond to and communicate for their sustainability concerns. With globalization, Indian companies are increasingly realizing that they have much to lose by not following sustainability reporting. In fact, many respected companies already get their sustainability reports audited by a third party to ensure its credibility. Sustainability reporting is therefore a vital step of managing change towards a sustainable global economy—one that combines long-term profitability with environmental care and social justice.

scholarly journals Sustainability in Small and Medium-Sized Manufacturing Enterprises: An Empirical Study

2016 ◽  
Vol 15 (2) ◽  
pp. 42 ◽  
Author(s):  
I. Garbie
Keyword(s):  
Sustainable Development ◽  
Industrial Sector ◽  
Mathematical Framework ◽  
Manufacturing Companies ◽  
Manufacturing Enterprise ◽  
Sustainable Practices ◽  
The Sustainable Development ◽  
Manufacturing Enterprises ◽  
Industrial Companies ◽  
Significant Difference

The main goal of this paper is to analyze and investigate sustainable practices in small and medium-sized manufacturing enterprises (SMEs). A comprehensive analysis and a mathematical framework are used to assess the sustainability indexes (SDIs) of each aspect/issue and pillar/dimension, and of the whole manufacturing enterprise. Sustainability in the whole manufacturing enterprise is represented by the sustainable development index (SDI). The results show that there is a significant difference in SDIs between aspects and dimensions, with economic sustainability representing the highest percentage in the SDI. Also, the results show that industrial companies are adopting sustainable practices and applying them to most of the issues/aspects of the dimensions, and they can direct manufacturing companies in the industrial sector to develop strategies for sustainability. This paper introduces a new understanding of the practices and implementation of sustainability/sustainable development by SMEs through assessing the SDIs. 

scholarly journals SUSTAINABILITY REPORTING PRACTICES WITH SPECIAL REFERENCE TO CEMENT INDUSTRY IN INDIA

2021 ◽  
Vol 4 (2) ◽  
pp. 18-29
Keyword(s):  
Sustainable Development ◽  
Special Reference ◽  
Sustainability Reporting ◽  
Environmental Issues ◽  
Cement Industry ◽  
Manufacturing Companies ◽  
Reporting Practices ◽  
Corporate Activity ◽  
Cement Manufacturing ◽  
Reporting Pattern

Over recent years, there has been a focus in corporate activity upon the concept of sustainability reporting. Sustainability reporting has gained importance by Indian companies and corporates have adopted sustainability reporting practices since few years. Sustainability reporting of an organisations provides information about discharge of social reasonability and level of sensitivity of organisations towards social and environmental issues. Though sustainability reporting is not compulsory in the country many companies are reporting their initiatives in the direction of sustainable development. This paper attempt to evaluate sustainability reporting by leading Cement Manufacturing companies. This paper describes reporting pattern of cement industry in India.

scholarly journals Do Corporate Governance Practices Influence Working Capital Management Efficiency? Evidence From Listed Manufacturing Companies in Sri Lanka

2019 ◽  
Vol 10 (3) ◽  
pp. 205
Author(s):  
Lingesiya Kengatharan ◽  
W. S. Sanoli Tissera
Keyword(s):  
Corporate Governance ◽  
Manufacturing Companies ◽  
Capital Management ◽  
Working Capital ◽  
Board Meeting ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Management Efficiency ◽  
Ceo Tenure ◽  
Governance Practices

The purpose of the study is to investigate the influence of corporate governance practices on working capital management efficiency in the listed companies of the manufacturing sector in Sri Lanka. Board meeting, board size, CEO tenure and size of the audit committee are used as corporate governance practices and the cash conversion cycle is calculated to measure the working capital management efficiency. Sales growth and firm size are considered as control variables to evaluate the influence of corporate governance practices on working capital management efficiency. Relevant data are extracted from the annual reports of 30 listed manufacturing companies for the period from 2013 to 2017. Finally, 150 observations are used for the data analysis. Pearson correlations are executed to determine the relationship between corporate governance practices and working capital management efficiency. OLS regression analysis is performed to determine the explanatory power of the combination of corporate governance practices on the efficiency of working capital management. The correlation analysis shows that board meeting, CEO tenure and firm size have a significant positive relationship with cash conversion cycle. The regression results suggest that board meetings and CEO tenure have a significant positive influence on cash conversion cycle. Generally, the shorter the cash conversion cycle is better for the business, therefore, according to this result the increase in a board meeting and CEO tenure have the considerable decreasing in liquidity position in an organization. Therefore, the outcome of the study may be useful to the top management of the firms and practitioners when they are implementing governance mechanisms in order to enhance the working capital efficiency.

scholarly journals Conceptual and Legal Framework for Promotion of Education for Sustainable Development: Case Study for Ukraine

2020 ◽  
Vol 9 (2) ◽  
pp. 42-54 ◽  
Author(s):  
Hudima Tetiana ◽  
Vesta Malolitneva
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Basic Education ◽  
Integrated Approach ◽  
Legal Framework ◽  
Education For Sustainable Development ◽  
Educational Process ◽  
University Education ◽  
Transfer Of Knowledge ◽  
Economic Law

Promoting the sustainable development is currently a key global issue posing a challenge to all of us on personal, professional and political levels. The education plays a major role in this path, in particular the education for sustainable development (ESD). The traditional one-way transfer of knowledge is no longer sufficient to inspire the students to behave as responsible citizens. This article suggests a number of competencies, which must serve as a basis for ESD, as well as application of the multiple intelligence theory as a mechanism for implementing the competencies derived by students from ESD at the basic education level. It is proved that security competencies in the broadest sense (covering all levels, from personal to the global space) should also be included in the modern educational process. As for the university education, it is required to explain the concept of "sustainability" to all specialties without exception, including the political scientists, engineers and others. This is particularly important for training of experts dealing with the economic law issues. A lack of economic analysis in modern legal studies and development of regulations results in writing and adoption of idle laws hazardous for the country. To upgrade the education system in Ukraine, it is appropriate to develop the National Strategy on Education for Sustainable Development and its implementation plan based on the global Sustainable Development Goals. It is required to switch from traditional education to the model focused on sustainable development with the underlying extensive interdisciplinary knowledge based on an integrated approach to the development of society, economy, and environment. Implementation of this strategy should consider the adaptive nature of the regional education component, in particular the economic features of a relevant region. It is important to focus on the learning processes underlying the circular economy. Keywords: sustainable development, society, economy, environment, circular economy, education for sustainable development, sustainability, economic law.

scholarly journals System theory as the foundation of sustainable development ideology

2020 ◽  
pp. 6-10
Author(s):  
Volodymyr FILIPPOV
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic System ◽  
Systems Theory ◽  
System Development ◽  
Integrated Approach ◽  
Social Needs ◽  
Analysis Tool ◽  
Ecological Economic ◽  
Social Environmental

The social, environmental and economic subsystems are investigated in the framework of systems theory. Using a systems-integrated approach as an analysis tool, it is determined that the study of the links between elements, structures and subsystems provides the very foundation on which the ideology of sustainable development is based. The purpose of this article is to use systems theory to ground the ideology of sustainable development in the context of the socio-ecological-economic system. The main reason for the need to form a socio-ecological-economic system is the contradiction between the interests of society in the conservation and protection of the environment and the interests of economic entities aimed at maximizing profits in any way. This contradiction is due to the presence of external factors that arise in the process of system development and the formation of sustainable development of the country. In the proposed system, the unity of the three components, nature, population and economy, is the most important dominant, so the socio-ecological-economic system is understood as a set of interrelated elements of demographic, social, natural, industrial and institutional character, without which the existence of a common system is impossible. It is advisable to single out the socio-ecological-economic systems that are synonymous with the concept of region or regional system and contain three subsystems: social, environmental and economic. These subsystems are comprised of the following components: population and population, natural resources and production components, infrastructure and the like. The proportions of the economy should be shaped by the need to comply with environmental constraints. This will achieve coherence between the economic and environmental components of sustainable development. Mutual reconciliation of the development of economic and social components is ensured if economic growth is shifted from an end in itself to the goal of meeting social needs. In other words, economic growth must be accompanied by adequate social transformations and contribute to solving the problem of improving the quality of the environment. Otherwise, the growth of the economy will be devoid of any meaning in terms of the needs of the human community.

scholarly journals Examining the extent of and drivers for materiality assessment disclosures in sustainability reports

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Bilal Farooq ◽  
Rashid Zaman ◽  
Dania Sarraj ◽  
Fahad Khalid
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Best Practice ◽  
Corporate Sustainability ◽  
Reporting Quality ◽  
Sustainability Reporting ◽  
Corporate Accountability ◽  
Content Type ◽  
Sustainability Reports ◽  
Ordered Logic

Purpose This paper aims to evaluate the extent of materiality assessment disclosures in sustainability reports and their determinants. The study examines the disclosure practices of listed companies based in the member states of the Cooperation Council for the Arab States of the Gulf, colloquially referred to as the Gulf Cooperation Council (GCC). Design/methodology/approach First, the materiality assessment disclosures were scored through a content analysis of sustainability reports published by listed GCC companies during a five-year period from 2013 to 2017. Second, a fixed effect ordered logic regression was used to examine the determinants of materiality assessment disclosures. Findings While sustainability reporting rates improved across the sample period, a significant majority of listed GCC companies do not engage in sustainability reporting. The use of internationally recognised standards has also declined. While reporters provide more information on their materiality assessment, the number of sustainability reports that offer information on how the reporter identifies material issues has declined. These trends potentially indicate the existence of managerial capture. Materiality assessment disclosure scores are positively influenced by higher financial performance (Return on Assets), lower leverage and better corporate governance. However, company size and market-to-book ratio do not influence materiality assessment disclosures. Practical implications The findings may prove useful to managers responsible for preparing sustainability reports who can benefit from the examples of materiality assessment disclosures. An evaluation of the materiality assessment should be included in the scope of assurance engagements and practitioners can use the examples of best practice when evaluating sustainability reports. Stock exchanges may consider developing improved corporate governance guidelines as these will lead to materiality assessment disclosures. Social implications The findings may assist in improving sustainability reporting quality, through better materiality assessment disclosures. This will allow corporate stakeholders to evaluate the reporting entities underlying processes, which leads to transparency and corporate accountability. Improved corporate sustainability reporting supports the GCC commitment to implement the United Nations Sustainable Development Goals and transition to sustainable development. Originality/value This study addresses the call for greater research examining materiality within a sustainability reporting context. This is the first paper to examine sustainability reporting quality in the GCC region, focussing particularly on materiality assessment disclosures.

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