Ownership Comes with Responsibility – the Impact of Ownership Characteristics on CSR

Benz, Lukas; Paulus, Stefan; Rohleder, Martin; Wilkens, Marco

doi:10.2139/ssrn.3606143

Cited by 2 publications

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“…As in research by Yadav (2020), institutional investors have a negative effect on the social aspects of ESG; investors with proxies from mutual funds positively influence the social and governance aspects of ESG; while foreign investors do not influence all aspects of ESG. In another study, Benz et al (2020) confirmed that investors or company owners can positively influence corporate responsibility performance.…”

Section: Introductionmentioning

confidence: 77%

ESG Risk Determinant Factors: Study on Indonesia Listed Firm

Maulana

2023

wahana-akuntansi

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Companies worldwide are now looking at long-term and sustainable development in environmental, social, and governance issues in addition to short-term earnings. This paradigm change occurred in Indonesia as well. Companies listed on the Indonesian stock exchange are increasingly vying to establish sustainable operations because they understand the value of ESG considerations. However, what is the factors that determine the ESG risk rating? The purpose of this research is to determine what factors influence ESG risk. Based on the data that has been obtained, the researchers tested the data using PLS-SEM with Warppls 8.0. Then the following results were obtained: institutional investor structure has a negative effect on ESG risk; firm performance, firm size, and leverage have a positive influence on ESG risk; and lastly, firm performance can be a moderating variable of the relationship between institutional investor structure and ESG risk.

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Section: Introductionmentioning

confidence: 77%

ESG Risk Determinant Factors: Study on Indonesia Listed Firm

Maulana

2023

wahana-akuntansi

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“…With the continuous progress of the non-tradable shares reform, China's ownership structure is developing toward diversification, but state ownership still plays a prominent role in corporate governance. State-owned firms, as a part of the government's macrocontrol, not only undertake the task of making profits but also shoulder necessary social responsibilities, exhibiting a strong public nature that distinguishes them from non-state firms on corporate governance [52]. Whenever social conflicts and corporate crises break out, state ownership forces firms to deviate from the goal of profit maximization under the trade-off between profitability and publicity, and to maintain social stability and corporate image through positive corporate governance strategies.…”

Section: Moderating Effect Of Ownershipsmentioning

confidence: 99%

Window Dressing in Impression Management: Does Negative Media Coverage Drive Corporate Green Production?

Gan,

2024

Sustainability

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This study addresses the calls for research attention on corporate greenwashing and analyzes an environmental strategy in corporate impression management. We assume that negative media coverage triggers impression motivation and causes firms to adopt environmental strategies for impression construction based on the two-component model in impression management. Specifically, firms release credible signals, such as green investment, to cover concealed pollution emissions under the framework of a game with incomplete information. We posit that firms can select a window-dressing strategy under the pressures of negative media coverage by constructing two regression models, respectively. We also assess our underlying assumption of constraints from state ownership and institutional shareholdings by testing additional moderating relationships. Utilizing a sample of Chinese publicly listed firms from 2000 to 2010, our empirical results suggest that negative media coverage increases corporate green investment, but pollutant emissions are reduced correspondingly, and state ownership aggravates corporate window dressing while institutional shareholdings curb it. Our findings reveal the corporate social irresponsibility in environmental protection and sustainable development, and they offer important implications for firm stakeholders.

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Ownership Comes with Responsibility – the Impact of Ownership Characteristics on CSR

Cited by 2 publications

References 0 publications

ESG Risk Determinant Factors: Study on Indonesia Listed Firm

ESG Risk Determinant Factors: Study on Indonesia Listed Firm

Window Dressing in Impression Management: Does Negative Media Coverage Drive Corporate Green Production?

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