scholarly journals Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

2021 ◽  
Vol 18 (11) ◽  
pp. 6033
Author(s):  
Yue Liu ◽  
Pierre Failler ◽  
Liming Chen
Keyword(s):  
Property Rights ◽  
Large Scale ◽  
Environmental Responsibility ◽  
Mandatory Disclosure ◽  
Corporate Environmental Responsibility ◽  
Disclosure Policy ◽  
Protection Information ◽  
The Difference ◽  
Csr Disclosure ◽  
Corporate Social

Corporate environmental responsibility (CER) is an important component of the corporate social responsibility (CSR) report, and an important carrier for enterprises to disclose environmental protection information. Based on the corporate micro data, this paper evaluates the effect of a mandatory CSR disclosure policy on the fulfillment of corporate environmental responsibility by adopting the difference-in-differences model (DID) with the release of a mandatory disclosure policy of China in 2008 as a quasi-natural experiment. The study draws the following conclusions: First, a mandatory CSR disclosure policy can promote the fulfillment of CER. Second, after the implementation of a mandatory CSR disclosure policy, enterprises can improve their CER level through two channels: improving the quality of environmental management disclosure and increasing the number of patents. Third, the heterogeneity of the impacts of mandatory CSR disclosure on CER is reflected in three aspects: different CER levels, different corporate scales and a different property rights structure. In terms of the CER level, there is an inverted U-shaped relationship between the CER level and mandatory CSR disclosure effect. In terms of the corporate scale, mandatory disclosure of CSR plays a greater role in large-scale enterprises. In terms of the structure of property rights, mandatory CSR disclosure has a greater effect on non-state-owned enterprises.

scholarly journals The Difference of Corporate Social Responsibility Disclosure and Implementation of Good Corporate Governance Based on Company Size

2019 ◽  
Vol 4 (2) ◽  
Author(s):  
Richo Diana Aviyanti ◽  
David Kaluge
Keyword(s):  
Large Scale ◽  
Stock Exchange ◽  
Small Scale ◽  
Company Size ◽  
Manufacturing Companies ◽  
Good Corporate Governance ◽  
The Difference ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Better Than

This research aims to test and analyze the difference of CSR disclosure and the implementation of GCG based on company size namely large, medium, and small-scale companies. This research used a Multivariate Analysis of Variance (MANOVA) test with manufacturing companies listed on the Indonesia Stock Exchange in 2018 as many as 158 companies as the sample. The test shows that CSR disclosure in large-scale companies is different than the other. The large-scale companies reveal CSR more broadly than the medium and small-scale companies. Meanwhile, the medium and small-scale companies tend to have similarities of CSR disclosure (no different). In the implementation of GCG, there isn't a similarity in each size of those companies. Because of the differences, it makes that the implementation of GCG in large-scale companies better than medium-scale companies and small-scale companies.

scholarly journals Optimal Strategies of Product Price, Quality, and Corporate Environmental Responsibility

2019 ◽  
Vol 16 (23) ◽  
pp. 4704 ◽  
Author(s):  
Wei Peng ◽  
Baogui Xin ◽  
Yekyung Kwon
Keyword(s):  
Optimal Strategies ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Product Price ◽  
Charitable Contributions ◽  
Corporate Strategies ◽  
The Awakening ◽  
Environmental Actions ◽  
Hamilton Jacobi Bellman ◽  
Corporate Social

With the awakening of environmental consciousness, more and more firms desire to go “green” by shifting their focus of corporate social responsibility (CSR) from charitable contributions to environmental actions called corporate environmental responsibility (CER). We develop a monopoly differential game to depict optimal corporate strategies of product price, quality, and CER. Using the Hamilton–Jacobi–Bellman (HJB) equation, we analyze optimal feedback equilibrium strategies for pricing and investing in both quality and CER with/without government subsidies. Numerical simulations show that government subsidy can improve CER and profit.

scholarly journals Konsep dan Penerapan Model Kebijakan Corporate Environmental Responsibility di Indonesia

2020 ◽  
Vol 15 (2) ◽  
pp. 89-107
Author(s):  
Syamsudin Isnaini ◽  
Amalia Diamantina
Keyword(s):  
Social Responsibility ◽  
Secondary Data ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Conceptual Approach ◽  
Economic Interests ◽  
Policy Model ◽  
Corporate Social ◽  
The Impact ◽  
A Company

The friction between economic interests and environmental interests has become a serious problem today. The friction between the two interests is evident in the activities of a company, therefore a company is given responsibility for the impact caused by its activities. This responsibility is “corporate social and environmental responsibility”. However, the term "Corporate Social Responsibility (CSR)" is often used in Indonesian society. The use of this term has a legal consequence, namely that the company's responsibility is only social responsibility, while environmental responsibility does not exist. Departing from these problems, this study will focus on discussing problems regarding the “Corporate Environmental Responsibility (CER)” policy model in Indonesia, particularly regarding the CER policy model, and the types of CER policies. This research is a normative juridical research with a statutory approach and a conceptual approach. The data used is secondary data in the form of laws and regulations and news about company and / or government programs in the field of environmental management. Based on the research results, it is known that the CER policy model clarifies and reinforces the regulation of corporate responsibility towards environmental aspects, CER policies can come from corporate initiatives or come from government initiatives.

scholarly journals Greenwashing and Environmental Communication: Effects on Stakeholders’ Perceptions

2019 ◽  
Author(s):  
Riccardo Torelli ◽  
Federica Balluchi ◽  
Arianna Lazzini
Keyword(s):  
Business Performance ◽  
Environmental Communication ◽  
Environmental Responsibility ◽  
Design Experiment ◽  
Corporate Environmental Responsibility ◽  
Environmental Practices ◽  
Communication Effects ◽  
Earth Day ◽  
Corporate Social ◽  
Different Levels

Since the first Earth Day in the 1970s, corporate environmental performance has increased dramatically, and cases of greenwashing have increased sharply. The term greenwash refers to a variety of different misleading communications that aim to form overly positive beliefs among stakeholders about a company's environmental practices. The growing number of corporate social responsibility claims, whether founded or not, creates difficulties for stakeholders in distinguishing between truly positive business performance and companies that only appear to embrace a model of sustainable development. In this context, through the lens of legitimacy and signalling theory, we intend to understand and assess the different influences that various types of misleading communications about environmental issues have on stakeholders' perceptions of corporate environmental responsibility and greenwashing. Stakeholder responses to an environmental scandal will also be assessed. The hypotheses tested through a four‐for‐two design experiment reveal that different levels of greenwashing have a significantly different influence on stakeholders' perceptions of corporate environmental responsibility and stakeholders' reactions to environmental scandals.

scholarly journals Corporate Environmental Responsibility in Malaysia and India: A Preliminary Analysis

2019 ◽  
Vol 4 (11) ◽  
pp. 195
Author(s):  
Irini Ibrahim ◽  
Khor Poy Hua ◽  
Sodiq Omoola
Keyword(s):  
Environmental Sustainability ◽  
Publishing House ◽  
Policy Framework ◽  
Environmental Responsibility ◽  
Toxic Substances ◽  
Corporate Environmental Responsibility ◽  
Environmentally Sustainable ◽  
International Publishing ◽  
Corporate Social ◽  
Open Access Article

Following the activities of a tyre recycling company in Johor, Malaysia, over 2000 people fell sick and 111 schools were shut when toxic substances were released into the Sungai Kim Kim, a river in Pasir Gudang. This paper examines the relevance of corporate environmental responsibility (CER) policy framework in ensuring constant environmental sustainability by corporate bodies in Malaysia. The paper adopts a comparative law research methodology to assess the potential impact of environmentally sustainable corporate social responsibility across two jurisdictions i.e., Malaysia and India. Looking at existing CER framework in another jurisdiction, the paper argues that voluntary and mandatory CER can strengthen existing environmental regulations in Malaysia under the environmental regulation in Malaysia.Keywords: Environment, Corporate Environment Responsibility, Malaysia, IndiaeISSN: 2398-4287 © 2019. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v4i11.1662

scholarly journals Enabling the Circular Economy Transition in Organizations: A Moderated Mediation Model

2022 ◽  
Vol 19 (2) ◽  
pp. 677
Author(s):  
Andreea Loredana Bîrgovan ◽  
Sorin Daniel Vatca ◽  
Laura Bacali ◽  
Andrea Szilagyi ◽  
Elena Simina Lakatos ◽  
...  
Keyword(s):  
Circular Economy ◽  
Positive Association ◽  
Moderated Mediation ◽  
Readiness For Change ◽  
Environmental Responsibility ◽  
Mediation Model ◽  
Corporate Environmental Responsibility ◽  
Moderated Mediation Model ◽  
Circular Model ◽  
Corporate Social

The notion of Corporate Environmental Responsibility has been extensively researched in the literature so far, but less is known about how this concept fits into the circular economy paradigm. We performed a moderated mediation analysis in order to identify the mechanism that links corporate environmental responsibility with readiness for change towards a circular economy business model. The findings from 311 respondents show that there is a positive association between corporate environmental responsibility and the readiness for change to a circular model, mediated by perceived circular economy drivers. In addition, perceived circular economy barriers hinder this positive relationship, acting as a buffer. These findings can further contribute to the elaboration of a conceptual framework for embedding circular economy in the corporate social responsibility strategies of organizations.

scholarly journals Can Financial Constraints and Regulatory Distance Reduce Corporate Environmental Irresponsibility?

2021 ◽  
Vol 13 (23) ◽  
pp. 13243
Author(s):  
Haiquan Wu ◽  
Wenli Liao ◽  
Zhifang Zhou ◽  
Yi Li
Keyword(s):  
Financial Constraints ◽  
Capital Adequacy ◽  
Environmental Responsibility ◽  
Clear Understanding ◽  
Corporate Environmental Responsibility ◽  
Factors Affecting ◽  
Global Environmental Problems ◽  
Global Environmental ◽  
Social Environmental ◽  
Corporate Social

As global environmental problems become increasingly severe, corporate social (environmental) responsibility has become a hot topic in research, but there is still a lack of clear understanding of corporate environmental irresponsibility behavior and the driving factors behind this behavior. Our research aims to reveal the factors affecting corporate environmental irresponsibility from both internal and external perspectives. Inside enterprises, financial constraints will affect the degree of capital adequacy and thus affect the environmental behavior of enterprises. Externally, the fulfillment of corporate environmental responsibility will be affected by external regulatory pressure. Taking 399 A-share listed companies in China’s heavily polluting industries as the research objects, this paper empirically analyzes the influence paths and internal mechanisms of financial constraints and regulatory distance on corporate environmental irresponsibility, and it further divides regulatory distance into physical regulatory distance and power regulatory distance. This paper’s findings show that both financial constraints and physical regulatory distance were positively correlated with corporate environmental irresponsibility in China, and that the positive correlation between physical regulatory distance and corporate environmental irresponsibility was more significant in non-state-owned enterprises. In addition, financial constraints and regulatory distance have a complementary effect on corporate environmental irresponsibility. These findings can reduce the environmental risks posed by enterprises and help them to avoid environmental irresponsibility.

scholarly journals Managerial Shareholding and CSR: Does Internal Control Quality Matter?—Evidence from China

2019 ◽  
Vol 11 (15) ◽  
pp. 4206
Author(s):  
Mingyuan Guo ◽  
Shuyu Shen
Keyword(s):  
Internal Control ◽  
Voluntary Disclosure ◽  
Positive Impact ◽  
Good Choice ◽  
Mandatory Disclosure ◽  
Positive Role ◽  
Robust Test ◽  
Control Quality ◽  
Csr Disclosure ◽  
Corporate Social

This paper uses the data of Corporate Social Responsibility (CSR) performance of A-share listed companies in China from 2013–2017 as sample to study on the impacts of managerial shareholding on CSR performance. By dividing the sample into mandatory disclosure group and voluntary disclosure group, we first empirically test the impacts of managerial shareholding on CSR performance. Then, we discuss the role of internal control quality in the impacts of managerial shareholding on CSR performance. Panel data models are employed in the empirical research and robust test. The empirical results show that: Firstly, in mandatory disclosure group, managerial shareholding has no significant impacts on CSR performance. In voluntary disclosure group, managerial shareholding has a positive impact on CSR performance. Secondly, in voluntary disclosure group, internal control quality has a positive role in the impacts of managerial shareholding on CSR performance, but this positive role cannot be supported empirically in mandatory disclosure group. Overall, these findings indicate that CSR performance is influenced by managerial shareholding and varies with CSR disclosure behaviors. The results of robust test also support this conclusion. Finally, we put forward that it would be a good choice for the companies to implement long-term equity incentives and improve internal control quality to promote CSR performance.

scholarly journals The Pay Dispersion within Top Managers and Corporate Environmental Responsibility Information Disclosure

2021 ◽  
Vol 257 ◽  
pp. 02093
Author(s):  
Shengdao Gan ◽  
Wenyu Mo
Keyword(s):  
Information Disclosure ◽  
Large Scale ◽  
Stock Exchange ◽  
Empirical Test ◽  
Environmental Responsibility ◽  
Analysis Model ◽  
Corporate Environmental Responsibility ◽  
Top Managers ◽  
Pay Dispersion ◽  
Compensation Gap

Because of the large scale of listed companies, they are often the main responsible parties for environmental problems. Therefore, from the perspective of compensation incentive, this study made an empirical test on how the pay dispersion within top managers affects corporate environmental responsibility information disclosure. By selecting A-share companies listed in Shanghai or Shenzhen Stock Exchange which published corporate social responsibility reports from 2008 to 2018 as research samples, a multivariate regression analysis model was established. The results showed that there is a significant inverted U-shaped relationship between executive compensation gap and corporate environmental responsibility information disclosure. Further research found that this relationship was only significant in state-owned enterprises.

scholarly journals Pengaruh Media Exposure Tehradap Pengungkapan Corporate Social Responsibility Perusahaan Manufaktur Terdaftar di BEI

Equity ◽  
2019 ◽  
Vol 22 (1) ◽  
pp. 12
Author(s):  
Dr. Sparta ◽  
Desak Kadek Rheadanti
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Stock Exchange ◽  
Media Exposure ◽  
Environmental Responsibility ◽  
Corporate Disclosure ◽  
Test Results ◽  
Manufacturing Companies ◽  
Disclosure Policy ◽  
Corporate Social

Social and environmental responsibility becomes one of the components of corporate disclosure listed on Indonesia Stock Exchange (BEI). This study examines the factors that influence the disclosure policy of social and environmental responsibility to manufacturing companies on BEI by expanding disclosure items. Factors suspected to affect social and environmental responsibility disclosure policies are media exposure, firm size, profitability and leverage. The research sample is a manufacturing company that discloses social and environmental responsibility in the period 2013-2015. The number of sample companies is 31. The number of observations used is 93 observations. The disclosure policy of social and environmental responsibility is measured by the disclosure index. This index is measured by the disclosure item in the Reporting Guidelines contained in General Repoting Initiatives (GRI). Hypothesis testing is done by multiple regression analysis. The test results fail to prove the effect of media exposure, firm size and profitability on the disclosure of social and environmental responsibility.

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