Does Corporate Sustainability Performance Increase Corporate Financial Performance? Focusing on the Information and Communication Technology Industry in Korea

Jung, Seonmin; Nam, Changi; Yang, Dong-Hoon; Kim, Seong-Cheol

doi:10.1002/sd.1698

Cited by 40 publications

(34 citation statements)

References 65 publications

(98 reference statements)

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“…CSR is considered a strategic investment because firms can gain competitive advantages through engaging in CSR activities (e.g., Jung, Nam, Yang, & Kim, ; Martínez‐Ferrero & Frías‐Aceituno, ). Thus, CSR has become a part of corporate strategies (Mǎnescu, ) and boards are increasingly making decisions concerning CSR.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

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The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting

Pucheta‐Martínez

Chiva-Ortells

2018

Sustainable Development

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In this paper, we analyze the effect that directors representing controlling shareholders, specifically institutional investors, have on corporate social responsibility (CSR) given that these investors are the core shareholders in civil law countries, owing to their high presence on boards. Thus, we analyze the effect of institutional directors on CSR disclosure, but also the impact of their classification between pressure‐sensitive and pressure‐resistant institutional directors, depending on if they maintain only an investment relationship with the firm or both an investment and a commercial link, respectively. We hypothesize that these directors may perform opposite roles (monitoring or aligning with managers) regarding CSR disclosure. We show a curvilinear relationship between institutional directors/pressure‐resistant directors and CSR reporting, suggesting the two opposite roles mentioned. However, pressure‐sensitive directors do not affect CSR disclosure. These findings indicate that there is an association between board members and strategic decisions. Moreover, our evidence shows that institutional directors do not act in an identical way. Finally, the enhancement of corporate governance depends on the proportion of institutional and pressure‐resistant directors on boards.

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Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…CSR is considered a strategic investment because firms can gain competitive advantages through engaging in CSR activities (e.g., Jung, Nam, Yang, & Kim, 2017;Martínez-Ferrero & Frías-Aceituno, 2015).…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting

Pucheta‐Martínez

Chiva-Ortells

2018

Sustainable Development

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“…This study utilized earnings quality as a dependent variable, which is our proxy for CS, in order to compute the quality of financial reporting, because in [106] corporate performance is termed as a CS, which is calculated through firm earnings. Our dependent variable relies on the absolute negative value of accruals.…”

Section: Dependent Variablesmentioning

confidence: 99%

Financially Qualified Members in an Upper Echelon and Their Relationship with Corporate Sustainability: Evidence from an Emerging Economy

2018

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Non-observable board diversity is an important organizational strategy for improving the long-term growth and survivability of firms. The involvement of corporate sustainability (CS) in top management teams has led to effective boards. By using agency theory, we stress how financially qualified directors (FQD) in audit committees (ACs) may positively or negatively affect the practice of earnings management (EM). We also use various theories to explain how a powerful chief executive officer (CEO) complicates the effectiveness of AC and reduces their ability to detect EM practices. Using a sample of 1020 firm-year observations representing 204 non-financial listed Pakistani firms during 2013-2017, we find that the presence of FQD on the AC is associated with lower levels of EM. Our analysis shows that this effect is driven by the level of FQDs' accounting knowledge.

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“…Although over time numerous studies have embraced some other approaches in order to describe the relationships that exist between businesses and society, corporate sustainability (CS) has become one of the most used concepts that describes the connection between sustainable development and a company's activity [36][37][38][39].…”

Section: Performance Versus Sustainabilitymentioning

confidence: 99%

Determinants of Sustainable Performance and Convergence with EU Agenda 2030: The Case of Romanian Forest Enterprises

Socoliuc¹,

Grosu²,

Cosmulese³

et al. 2020

Pol. J. Environ. Stud.

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The global economic development that has occurred in recent years was made by ignoring the effects it had on the environmental components (forest, water, air), producing deep and sharp changes in their structures. Nowadays, the objective of each business entity, including forest enterprises, is to achieve profits and, at the same time, ensure the sustainability of these entities' activities and social responsibility policy. On the contrary, massive irrational deforestation will inevitably lead to the destruction or loss of the object of the operational activities. A large segment of forestry research literature [1-3] has contributed to the advancement of knowledge

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Does Corporate Sustainability Performance Increase Corporate Financial Performance? Focusing on the Information and Communication Technology Industry in Korea

Cited by 40 publications

References 65 publications

The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting

The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting

Financially Qualified Members in an Upper Echelon and Their Relationship with Corporate Sustainability: Evidence from an Emerging Economy

Determinants of Sustainable Performance and Convergence with EU Agenda 2030: The Case of Romanian Forest Enterprises

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