Corporate Sustainability Performance Over the Firm Life Cycle: Levels, Determinants, and the Impact on Accounting Performance

2017 ◽  
Author(s):  
Jan Diebecker ◽  
Christian Rose ◽  
Friedrich Sommer
Keyword(s):  
Life Cycle ◽  
Corporate Sustainability ◽  
Accounting Performance ◽  
Firm Life Cycle ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
The Impact

CEO behavior and sustainability performance: the moderating role of corporate governance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amel Kouaib ◽  
Asma Bouzouitina ◽  
Anis Jarboui
Keyword(s):  
Corporate Governance ◽  
Real Estate ◽  
Corporate Sustainability ◽  
Least Square ◽  
Content Type ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Good Corporate Governance ◽  
Governance Practices ◽  
The Impact

PurposeThis paper explores how the tension between a firm's CEO overconfidence feature and externally observable hubris attribute may determine the level of corporate sustainability performance. This work also contemplates the impact of the moderator “corporate governance practices.”Design/methodology/approachThis study uses a sample of 658 firm-year-observations using a sample of European real estate firms indexed on Stoxx Europe 600 Index from 2006 to 2019. To test the developed hypotheses, feasible generalized least square (FGLS) regression is applied.FindingsFindings suggest that a good corporate governance score strengthens the positive effect of the psychological bias (CEO overconfidence) on corporate sustainability performance while it fails to attenuate the negative effect of the cognitive bias (CEO hubris).Research limitations/implicationsThe research provides an overview of the impact of CEO personality traits on the corporate sustainability performance level in the European real estate sup-sector. As corporate governance can have a major impact to control these traits, the authors recommend European real estate companies to improve their corporate governance practices.Originality/valueThis study contributes to the existent literature this gap with two empirical novelties: (1) providing a novel insight into sustainability involvement using a sample of European real estate sup-sector and (2) investigating the moderating effect on the link between CEO psychological and cognitive biases and sustainability performance. This study provides empirical evidence that entrenchment problems arising from CEO hubris would not be mitigated by a good corporate governance practice.

scholarly journals Corporate Economic, Environmental, and Social Sustainability Performance Transformation through ESG Disclosure

2020 ◽  
Vol 12 (9) ◽  
pp. 3910 ◽  
Author(s):  
Maha Faisal Alsayegh ◽  
Rashidah Abdul Rahman ◽  
Saeid Homayoun
Keyword(s):  
Information Disclosure ◽  
Social Performance ◽  
Corporate Sustainability ◽  
Economic Value ◽  
Value Theory ◽  
Social Strategies ◽  
Sustainability Performance ◽  
Sustainable Performance ◽  
Corporate Sustainability Performance ◽  
The Impact

Within the environmental, social, and governance (ESG) disclosure–corporate sustainability performance (economic, environmental and social; EES) framework, our empirical analysis examined the impact of ESG information disclosure on EES sustainability performance among Asian firms from 2005 to 2017. The positive ESG disclosure–EES sustainability performance relationship found in this study provides evidence that disclosing the implementation of environment and social strategies within an effective system of corporate governance in the organization strengthens corporate sustainability performance. The results also show that environmental performance and social performance are significantly positively related to economic sustainable performance, indicating that the corporation’s economic value and creating value for society are interdependent. In line with the stakeholder theory and the shared value theory, ESG information disclosure to all stakeholders is an important factor in creating a competitive advantage for enhancing corporate sustainability performance.

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.

Disclosure of corporate sustainability performance and firm performance in Asia

2018 ◽  
Vol 26 (4) ◽  
pp. 414-443 ◽  
Author(s):  
Najul Laskar ◽  
Santi Gopal Maji
Keyword(s):  
Developing Countries ◽  
Firm Performance ◽  
Panel Data ◽  
South Korea ◽  
Regression Model ◽  
Corporate Sustainability ◽  
Content Type ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
The Impact

Purpose The purpose of this paper is to examine the disclosure pattern of corporate sustainability (CS) and the influence of sustainability reporting on firm performance of four countries in Asia – Japan, South Korea, Indonesia and India. Design/methodology/approach The authors have collected the sustainability reports and annual reports of 111 firms from four Asian countries for a period of six years. Based on the framework of Global Reporting Initiatives (GRI, 3 and 3.1), content analysis is used for calculating the disclosure score of corporate sustainability performance (CSP). These scores are further used to examine the impact on firm performance by employing a panel data regression model. Findings The study finds that the average level and quality of disclosure are the highest for Japanese firms, followed by India and South Korea. However, in the case of Indonesia, the average score is very low. Further, the study finds a significant difference in the disclosure of overall sustainability as well as components of sustainability between the countries. The regression results indicate the positive impact of CSP (both in terms of level and quality) on MBR. Specifically, the outcome of the regression model reveals that both the level and quality disclosure of CS are crucial for enhancing firm value for both the developed and developing countries of Asia. Moreover, the relative influence of CSP (both in terms of level and quality) on firm performance is found to be more in developed countries than the developing countries of Asia. Originality/value This is the first comprehensive study in the Asian context to investigate the disclosure pattern of CSP and also examine the association between CSP and firm performance by employing the panel data model. The outcome of this study is useful for policy implication.

scholarly journals Determination of Economic Indicators in the Context of Corporate Sustainability Performance

2015 ◽  
Vol 16 (1) ◽  
pp. 15-24 ◽  
Author(s):  
Marie Pavláková Dočekalová ◽  
Alena Kocmanová ◽  
Jiří Koleňák
Keyword(s):  
Sustainable Development ◽  
Corporate Performance ◽  
Corporate Sustainability ◽  
Economic Indicators ◽  
Manufacturing Companies ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Basic Set ◽  
The Impact

This article is focused on determination of the most significant economic indicators influencing corporate sustainability performance. Corporate sustainability performance is a multidimensional concept based on the original idea of sustainable development, replacing the traditional understanding of corporate performance only as capital appreciation for owners (shareholders). Compared to the original concept of sustainable development which consists of environmental, social and economic performance, the so-called triple-bottom-line, it is broaden to the responsibilities and the impact of Corporate Governance on the corporate performance. The basic set of economic indicators has been constructed from a synthesis of resources developed by international organizations (Global Reporting Initiative, International Federation of Accountants) and research among manufacturing companies in the Czech Republic. The basic set of twenty-five key indicators is divided into seven groups: Costs, Investments, Economic Results, Asset and financial resources utilization, Suppliers reliability, Penalties and RandD expenses. Basic set of indicators was presented to 23 top-managers who quantified the potential effect of each indicator to the success and sustainability of their companies. Through the methods of descriptive statistics knowledge of the particularities of each indicator was obtained. Correlation analysis and factor analysis were applied in order to eliminate information duplicity and dimensionality reduction. The result is a reduction in the number of economic indicators, so that the loss of information on the influence of the original indicators on the corporate sustainability is minimized. Corporate sustainability indicators are a tool for measuring and managing progress towards sustainability goals and environmental, social and economic impacts.

scholarly journals Hybrid Approach to Corporate Sustainability Performance in Indonesia’s Cement Industry

2021 ◽  
Vol 13 (24) ◽  
pp. 14039
Author(s):  
Ching-Hsin Wang ◽  
Yi-Chun Chen ◽  
Jovi Sulistiawan ◽  
Tat-Dat Bui ◽  
Ming-Lang Tseng
Keyword(s):  
Decision Making ◽  
Corporate Sustainability ◽  
Business Environment ◽  
Cement Industry ◽  
High Tech ◽  
Fuzzy Decision Making ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
Community Interest ◽  
The Impact

This study aimed to create a solid framework for decision-making in Indonesia’s cement industry, emphasizing those factors which bring about the most impactful results. The framework was developed using the fuzzy Delphi method, the fuzzy decision-making trial and evaluation laboratory, and a fuzzy Kano model. This study builds a hierarchical structure to approach the impact of corporate sustainability performance. We classify important factors into causes or effects and further identify those factors which are critical to improving the performance of Indonesia’s cement industry. Although corporate sustainability performance is a crucial topic in today’s business environment, sustainability strategies remain underrated in Indonesia. We confirm the validity of 19 factors within the following dimensions: environmental impact, social sustainability, economic gain, technological feasibility, and institutional compliance. The sub-dimensions of community interest, risk-taking ability, and regulatory compliance were identified as causes of perceived risks and benefits. In contrast, the following factors were identified as critical to improving corporate sustainability performance: renewable energy resources, contributions to charity, the perception of management regarding technology as a differentiator, and firm readiness to collaborate with high-tech companies.

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