Financial development and standardized reporting: A comparison among developed, emerging, and frontier markets

Chousa, Juan Piñeiro; Vizcaíno-González, Marcos; Caby, Jérôme

doi:10.1016/j.jbusres.2018.12.012

Cited by 26 publications

(16 citation statements)

References 42 publications

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“…Prior studies show that firms listed in countries participating in the Kyoto Protocol on GHG emissions exhibit a higher degree of environmental disclosure (e.g., Freedman and Jaggi, 2011 ; Gallego-Álvarez et al., 2011 ). We selected three macro variables to take into account the national context: country development, which falls into two categories, advanced (code: 1) and emerging (code: 0), following the IMF World Economic Outlook 8 ; country financial development from the World Bank for 2018 (percentage of domestic credit provided by the financial industry to GDP, 9 following Pineiro-Chousa et al., 2019 ); and country EPI, which ranks countries from 0 to 100 on two fundamental dimensions of sustainable development, namely, environmental health and ecosystem vitality. From a stakeholder and legitimacy theory perspective, the more a country is developed (as a whole and financially) and the more the national environmental policy is engaged in fighting against climate change, the more banks should be committed to voluntary carbon disclosure, and we can expect a higher quality of their disclosure.…”

Section: Methodsmentioning

confidence: 99%

The determinants of voluntary climate change disclosure commitment and quality in the banking industry

Caby

Ziane

Lamarque

2020

Technological Forecasting and Social Change

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Highlights We identify determinants of banks’ voluntary climate change disclosure and quality. Based on data of 117 banks worldwide, banks want to be seen as good citizens. However, the picture is unclear for rigorous carbon disclosure. Our results support stakeholder and legitimacy theory as well as greenwashing. There is a gap between displaying responsible behavior and actual practice.

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Section: Methodsmentioning

confidence: 99%

The determinants of voluntary climate change disclosure commitment and quality in the banking industry

Caby

Ziane

Lamarque

2020

Technological Forecasting and Social Change

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“…It provides a set of common elements of SR (Watts, 2015) and helps organizations present sustainability reports with better uniformity and comparability across different countries (Kuzey and Uyar, 2017;Simmons et al, 2018). In most emerging economies, the adoption of SR practices is still voluntary and business organizations are yet to understand the importance of such reporting practices (Aboud and Diab, 2018;Md Zaini et al, 2018;Piñeiro-Chousa et al, 2019). However, the adoption of such standardized reporting practices in emerging economy contexts could improve the credibility and acceptance of information to diverse stakeholder groups (Agyei and Yankey, 2019;Kiliç et al, 2016;Manawadu et al, 2019;Wachira et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Determinants of GRI-based sustainability reporting: evidence from an emerging economy

Orazalin

Mahmood

2019

JAEE

107

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Purpose The purpose of this paper is to investigate the extent and determinants of sustainability performance disclosures reported by publicly traded companies in Kazakhstan by using the Global Reporting Initiative (GRI) framework. Among the different possible determinants, stand-alone sustainability reporting (SR), reporting language, leverage, cash flow capacity, profitability, size, age and auditor type were selected to investigate their impacts on the quality and scope of sustainability information. Design/methodology/approach The study analyzes data from publicly traded companies at the Kazakhstani Stock Exchange for the years 2013–2015. To investigate the extent, nature and quality of sustainability reports, the study measures and analyzes economic, environmental and social performance parameters, as suggested in the GRI guidelines. Findings The results indicate that determinants such as stand-alone reporting, reporting language, firm profitability, firm size and auditor type substantially influence the extent, nature and quality of sustainability-reporting practices of Kazakhstani companies. Practical implications The findings of the study suggest that managers, practitioners, regulators and policy makers in emerging economies should adopt the GRI guidelines to report sustainability performance disclosures and focus on specific factors to improve the quality of sustainability disclosures. Originality/value This study is one of the first studies to investigate the extent, nature and possible determinants of corporate SR in central Asian-emerging economies.

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“…We follow the growing number of fsQCA applications in business research that use the country as the unit of analysis ( Estevão et al, 2020 , Piñeiro-Chousa et al, 2019 , Tekic and Tekic, 2021 ) and seek to identify configurations of factors that might have helped countries achieve trade resilience over the first wave of the COVID-19 pandemic (March–July 2020).…”

Section: Methodsmentioning

confidence: 99%

International trade resilience and the Covid-19 pandemic

Mena

Karatzas

Hansen

2022

Journal of Business Research

124

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The Covid-19 pandemic represents a low-probability, high-impact systemic risk that has severely disrupted international trade, reshaping the patterns of globalization. Drawing from the concept of supply chain resilience, which involves both the ability of a system to withstand an impact ( robustness ) and recover from it ( responsiveness ), we investigate country-level trade resilience during the 1st wave of the pandemic. By employing Fuzzy-set Qualitative Comparative Analysis (fsQCA), we identify configurations of country-level factors, i.e. , country profiles, based on their effectiveness in engendering trade resilience. These factors include social and economic globalization, logistics performance, healthcare preparedness, national government response, and income level. The results show how these factors coalesced to strengthen (or weaken) international trade resilience, contributing to a holistic understanding of the impact of the pandemic on international trade. The findings inform the post-Covid-19 debate on international trade, with implications for managers and policymakers.

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Financial development and standardized reporting: A comparison among developed, emerging, and frontier markets

Cited by 26 publications

References 42 publications

The determinants of voluntary climate change disclosure commitment and quality in the banking industry

The determinants of voluntary climate change disclosure commitment and quality in the banking industry

Determinants of GRI-based sustainability reporting: evidence from an emerging economy

International trade resilience and the Covid-19 pandemic

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