An Empirical Investigation of U.K. Environmental Targets Disclosure: The Role of Environmental Governance and Performance

Moussa, Tantawy; Kotb, Amr; Helfaya, Akrum

doi:10.1080/09638180.2021.1890173

Cited by 35 publications

(27 citation statements)

References 98 publications

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“…Some studies also deepened how and when business sustainability practices (such as sustainability reporting) affect a firm's risks (e.g. Dobler et al ., 2015; Nirino et al ., 2022a) while others analysed to what extent prior non-financial performance affects subsequent non-financial disclosure (Clarkson et al ., 2008; Moussa et al ., 2021). Recently, a peculiar research stream arose regarding the effects of Environmental, Social and Governance (ESG) disclosure on financial performance (e.g.…”

Section: Research Backgroundmentioning

confidence: 99%

The effects of mandatory non-financial reporting on financial performance. A multidimensional investigation on global agri-food companies

Vitale

Cupertino

Riccaboni

2023

BFJ

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PurposeFocusing on the Agri-Food and Beverage sector, the paper investigates the direct effect of worldwide mandatory non-financial disclosure on several financial dimensions as well as its moderating effects on the relationship between sustainability and financial performance.Design/methodology/approachThe authors performed fixed-effect regressions on a sample of 180 global listed companies, considering a period of eight years. The authors also tested the moderating effects of non-financial disclosure regulation on the relationship between sustainability and financial performance.Findings The authors found a positive direct impact of mandatory non-financial disclosure on Operating Return on Asset, Return on Equity and Return on Sales. The analysis also highlighted the negative moderating effects of non-financial reporting regulation on the relationship between sustainability issues and financial performance. As for the Cost of Debt, the authors found mixed results.Research limitations/implicationsThis study considers a short-term perspective focusing on a limited sample composed of companies playing a key role in the global agri-food system.Practical implicationsThe paper identifies which financial performance dimensions are positively or negatively affected by mandatory non-financial disclosure. Accordingly, managers can rearrange corporate activities to deal with further reporting normative requirements concurrently preserving financial performances and fostering corporate sustainability.Social implicationsThis study recommends fostering mandatory non-financial disclosure to increase corporate transparency fostering the sustainability transition of the Agri-Food and Beverage industry.Originality/valueThe paper highlights global mandatory non-financial disclosure effects on financial performance considering a sector that is cross-cutting impactful on plural sustainability issues.

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Section: Research Backgroundmentioning

confidence: 99%

The effects of mandatory non-financial reporting on financial performance. A multidimensional investigation on global agri-food companies

Vitale

Cupertino

Riccaboni

2023

BFJ

View full text Add to dashboard Cite

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“…However, they do not clearly articulate how different choices of variables can enrich the construct. Moussa et al (2022) measured environmental disclosure targets using four operational variables: soft targets disclosure, semi-hard targets disclosure, hard targets disclosure and aggregated targets disclosure. Soft refers to firms making qualitative and not time-bound target disclosures, and hard refers to firms making measurable time-bound target disclosures.…”

Section: Background Considerationsmentioning

confidence: 99%

“…Soft refers to firms making qualitative and not time-bound target disclosures, and hard refers to firms making measurable time-bound target disclosures. Because firms can make qualitative and quantitative target disclosures, Moussa et al (2022) computed an aggregate score assigning a higher ordinal score for hard target disclosure. They found a significant relationship between hard target disclosure and environmental performance only.…”

Section: Background Considerationsmentioning

confidence: 99%

Correspondence between theory and methodology: a case study of accounting for the environment in organisational research

Abeysekera¹

2023

Environ. Res. Commun.

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The two most widely investigated environmental domains concerning firms are environmental disclosure and environmental performance. This study examines how well operational variables inform constructs in these two domains. The empirical research process has two aspects: truth making and truth building. Truth making using operational variables must align with truth building with respect to constructs. Towards this aim, this article explores two research questions. First, are disclosure and performance operationally and conceptually different? Second, do the operationalised and conceptualised variables have a strong association in each domain—disclosure and performance? This study uses research data matrices available from a published journal article as an example to demonstrate analytical details. It uses the canonical correlation analysis research method for analysing matrix data to answer the research questions. The findings show that disclosure and performance are conceptually different domains. However, results show that operational variables associate differently with the construct. The findings show that selecting variables in empirical settings that reflect constructs can correspond with theoretical advancements.

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“…In its efforts to promote sustainable global social, economic and environmental development, the United Nations (UN) has issued 17 sustainable development goals (SDGs) as guidance for governments (Mio et al, 2020). Recent studies have examined the business implications of the UN's SDGs (e.g., García-Sánchez et al, 2020;Gerged et al, 2018;Grolleau et al, 2019;Miralles-Quir os et al, 2019;Moussa et al, 2021;Pizzi et al, 2021;Roberts et al, 2021;Warmate et al, 2021). Although the SDGs explicitly highlight the significance of governments in shaping firms' sustainability agenda and combating modern slavery, there is a lack of research on the association between modern slavery risk and the institutional environment quality (IEQ), which indicates the role of governments.…”

Section: Introductionmentioning

confidence: 99%

Global modern slavery and sustainable development goals: Does institutional environment quality matter?

2022

Self Cite

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Modern slavery is a persistent human tragedy and a growing organisational risk. The United Nations' sustainable development goals highlight the significance of governments in shaping firms' sustainability agenda and combating modern slavery. However, little is known about the effects of the institutional environment on modern slavery risk. This study, therefore, investigates the crucial policy question of whether the quality of the institutional environment has any effect on modern slavery and whether sustainable human development reinforces this relationship. Using data from 167 countries, we find that institutional environment quality is negatively associated with the prevalence of and vulnerability to modern slavery and positively associated with its modern slavery risk mitigation. Our results suggest that democratically elected governments operating in politically stable societies with higher quality of voice and accountability, higher levels of control of corruption, and stricter rule of law are more accountable and responsive to modern slavery risks. We also find that sustainable human development (HDI) has a moderating effect on the relationship between institutional environment quality and modern slavery, and this effect is mainly noticeable in low HDI countries. These results imply that governance reforms alone might not yield the desired effects for all countries and, hence, have significant implications for policymakers, companies, and societal stakeholders.

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An Empirical Investigation of U.K. Environmental Targets Disclosure: The Role of Environmental Governance and Performance

Cited by 35 publications

References 98 publications

The effects of mandatory non-financial reporting on financial performance. A multidimensional investigation on global agri-food companies

The effects of mandatory non-financial reporting on financial performance. A multidimensional investigation on global agri-food companies

Correspondence between theory and methodology: a case study of accounting for the environment in organisational research

Global modern slavery and sustainable development goals: Does institutional environment quality matter?

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