Comparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Making

Dočekalová, Marie Pavláková; Kocmanová, Alena

doi:10.3390/su10030649

Cited by 18 publications

(16 citation statements)

References 25 publications

(39 reference statements)

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“…Sustainable investment return is associated with long-term strategies and therefore the investment horizon can play a dominant role in the ESG investment decision and value creation. As the primary aim of a company is long-term value creation and wealth maximization [56], the value-creation approach of sustainability is related to risk reduction [57]. If the return is good, the long-term investors are ready to accept a short-term fall in their investment; no significant differences in the investment horizons of socially responsible and non-socially responsible investors were found among Australian investors [50].…”

Section: Hypothesis 4 (H4)mentioning

confidence: 99%

Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh

2018

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Abstract:As a key facet of sustainable development, environmental, social and governance (ESG) discretion on stock market investment decision is gaining prevalence following the global financial crisis. ESG considers the sustainable return, risk reduction, and accountability aspects of investments. This study is an exploration of the individual stock market investors' preferences for ESG issues and the influence that purpose of investment has on investment decision-making, by testing the investment horizon as a moderator. The theoretical background was taken from the theory of planned behavior (TPB), goal setting theory (GST), and the behavioral asset pricing model (BAPM). The study uses the sequential mix method of research, starting with an interview followed by a survey, which was conducted among individual stock market investors in Bangladesh, using simple random sampling. Structural equation modeling (SEM) analysis was carried out using Warp PLS version 6.0. The key findings of this study delineate the effect of ESG issues and the purpose of investment on investment decision-making. The contribution of the study signifies the moderating role of the investment horizon, which confirms the importance of the long-term horizon as a time and risk diversification factor. The sparse utilization of the United Nations Global Compact (UNGC) (2004) and Thomson Reuters Corporate Responsibility Index (TRCRI) (2013) as measurement scales in this study is mentioned. This study has made practical contributions for managers, investors, and regulators.

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Section: Hypothesis 4 (H4)mentioning

confidence: 99%

Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh

2018

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“…Integrated reporting is currently recognized as an important tool for achieving sustainability, so that in recent years in the broad sustainability debate, many articles have been directed to this research stream [21][22][23][24][25][26][27].…”

mentioning

confidence: 99%

Performance Sustainability and Integrated Reporting: Empirical Evidence from Mandatory and Voluntary Adoption Contexts

2018

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This paper looks at the topic of regulation of integrated reporting for listed companies, with the aim of contributing to the debate on the usefulness of introducing a mandatory regime, both from the perspective of integrated performance sustainability of companies and from that of relevance of information for providers of financial capital. The study is based on empirical research carried out on a sample composed of companies operating in territories where the adoption of integrated reporting is voluntary (Europe) and those operating in a country where adoption is mandatory (South Africa). The research shows that (a) in voluntary regimes, levels of integrated performance achieved by companies are higher; (b) mandatory regulation produces positive effects on integrated performance levels in the medium term; (c) integrated performance indicators are value-relevant, though having different levels of relevance under the two regimes examined.

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“…The positive influence Sustainable HRM has on the organization can be observed in the growth of the overall value of the organization's worth [37][38][39][40], as well as in the increase of national and international competitiveness [41]. Those improved results can be attributed to the impact Sustainable HRM has on the employees.…”

Section: Sustainable Management Of Human Resourcesmentioning

confidence: 99%

“…The technique of a survey was used. The research tool was constructed on the basis of a questionnaire used on Dutch company managers with regards to the application of sustainable human resource management [39]. It consists of a record and 24 statements relating to four aspects of sustainable human resource management (6 for each aspect): Social, psychological, environmental, and strategic.…”

Section: Research Toolmentioning

confidence: 99%

Bridging Sustainable Human Resource Management and Corporate Sustainability

Mazur

Walczyna

2020

Sustainability

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The rise of the Sustainable Development (SD) concept contributed to the increasing interest in practices encompassing the Sustainable Human Resource Management (Sustainable HRM) and the results of these practices. This article relates to the area of Human Resource Management and activities undertaken by HR departments to implement the principles of sustainable development in the enterprise. In particular, it refers to the concept of Sustainable HRM, recognized by many researchers as a new paradigm in the area of HRM. Although an intensely-studied subject, there is a clear gap in research regarding Sustainable HRM in Polish companies. Additionally, there is a lack of research contribution on the Podlasie region—ecologically and ethnically the most diverse region in the country. While sustainability in environmental terms is evident in the region, the article focuses on sustainability implementation in the business sector. The article helps to close the research gap. Its aim is to examine the two-fold role of HR departments in: Implementing activities in the area of Sustainable HRM, and introducing the principles of sustainability to corporate strategies. It was assumed that such activities contribute to corporate sustainability. In order to verify the role of HR departments, a new, comprehensive research model, based on the work of De Prins, was built. The model relates to the double-task of HR departments in organizations. The added value of the article stems from the research model proposal, which can be applied without geographical limitations and to numerous organization types. The paper introduces one of the applications of the model—a regional one. The model was tested in a questionnaire survey conducted among employees of enterprises operating in the Podlaskie Voivodeship, which is unique in terms of environment, culture, and economy in Poland. The respondents were participants of MBA studies at one of the universities of the Podlaskie Voivodeship. The results of the study fully confirmed the hypothesis adopted in the study regarding the performance of activities by HR departments in the psychological and social areas of Sustainable HRM. The third aspect of the study, regarding the ecological area, was not clearly confirmed in the study. It was found that this may result from the restrictive law regulating the issue of the impact of enterprises on the natural environment. The results of the study allowed for the verification of the main hypothesis assumed in the research model, thus confirming its truthfulness.

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Comparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Making

Cited by 18 publications

References 25 publications

Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh

Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh

Performance Sustainability and Integrated Reporting: Empirical Evidence from Mandatory and Voluntary Adoption Contexts

Bridging Sustainable Human Resource Management and Corporate Sustainability

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