Analyst Following, Environmental Disclosure and Cost of Equity: Research Based on Industry Classification

Yao, Sheng; Liang, Haotian

doi:10.3390/su11020300

Cited by 24 publications

(35 citation statements)

References 28 publications

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“…Choosing an excellent supplier can improve product quality control, obtain more compelling information, and reduce the production of non-compliant products and waste of resources. Some enterprises adopt the method of pollution first, regardless of the adverse impact on the environment in the future, and do not consider the long-term business development (Yao and Liang 2019). The target is relatively limited and short term.…”

Section: The Intrinsic Link Of Circular Economy Value Chain and Envirmentioning

confidence: 99%

Environmental cost control system of manufacturing enterprises using artificial intelligence based on value chain of circular economy

Chen

Liu

Huang

et al. 2020

Enterprise Information Systems

107

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Section: The Intrinsic Link Of Circular Economy Value Chain and Envirmentioning

confidence: 99%

Environmental cost control system of manufacturing enterprises using artificial intelligence based on value chain of circular economy

Chen

Liu

Huang

et al. 2020

Enterprise Information Systems

107

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“…This influence is more obvious in firms with high levels of financial opaqueness than those with low financial opaqueness. Our study contributes to the research on the economic consequences of nonfinancial CSR disclosure [79]. In addition, the effect of CSR disclosure on FC is greater when the company faces stronger financial constraints.…”

Section: Discussionmentioning

confidence: 73%

Corporate Social Responsibility and Financial Performance: A Quantile Regression Approach

Liu

Guo

et al. 2019

Sustainability

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A prominent claim within the literature is that corporate social responsibility-disclosured firms are fundamentally more resilient to financial shocks, relative to firms that take no corporate social responsibility action. To test this, we examine the impact of corporate social responsibility (CSR) information disclosure on financial constraints (FC). Our sample is composed of A-share publicly listed firms from Shanghai and Shenzhen in China during 2013–2017. We find that CSR disclosure influences negatively financial constraints. The quantile regression results also indicate that the influences would more obvious when a company faces stronger financial constraints. Further, CSR disclosure influences negatively financial constraints in financially opaque firms, and the effect of financial opaque on the relationship strengthens when the company faces great financial constraints. After considering the problems of missing variables and endogenous, changing the level of CSR and FC measurement, using 2SLS and two-step GMM methods, the conclusion is still robust. However, the results should not be generalized, since the sample was based on 434 A-share publicly listed firms for 2013–2017. From the perspective of FC, this study contributes to the literature in the field of CSR and expands the empirical research on the economic consequences of CSR. It also can encourage enterprises to voluntarily disclose social responsibility information and it is of great significance to promote the stable development of the capital market and society.

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“…There has been wide range of problems with corporate behaviour, which has arguably led to prominence being given to sustainability responsibility [58]. Part of this effect is to recognise the concerns of all stakeholders to an organisation, and this has been researched by many people (for example, [59,60,61,62,63,64,65] with inconclusive findings.…”

Section: Sustainability Governance Reporting and Economic Value Addedmentioning

confidence: 99%

Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange

Okoye

Ndum

2020

JEMT

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This study assessed the Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange. Twenty one (21) listed manufacturing firms constituted the sample size of this study between 2008 and 2019. Ex-Post facto research design and content analysis were adopted while secondary data were extracted from the annual reports and accounts of the sampled firms and were analysed using E-Views 10 statistical software. The study employed descriptive statistics and inferential statistics using Pearson correlation, Panel Least Square (PLS) regression analysis, granger causality test and Hausman test. Findings from the empirical analysis showed that Economic Sustainability Reporting, Social Sustainability Reporting, Environmental Sustainability Reporting and Sustainability Governance Reporting exerted a significant positive effect on Economic Value Added, of listed manufacturing firms in Nigeria at 5% level of significance respectively. It was recommended inter alia that corporate entities in Nigeria should invest in sustainability activities in all its ramifications in order to boost the image/reputation of the firms thereby increasing their returns.

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Analyst Following, Environmental Disclosure and Cost of Equity: Research Based on Industry Classification

Cited by 24 publications

References 28 publications

Environmental cost control system of manufacturing enterprises using artificial intelligence based on value chain of circular economy

Environmental cost control system of manufacturing enterprises using artificial intelligence based on value chain of circular economy

Corporate Social Responsibility and Financial Performance: A Quantile Regression Approach

Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange

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