Social Capital in Energy Enterprises: Poland’s Case

Jędrych, Elżbieta; Klimek, Dariusz; Rzepka, Agnieszka

doi:10.3390/en15020546

Cited by 8 publications

(6 citation statements)

References 37 publications

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“…Zhang et al, 2018), are likely to advise managers to be more socially responsible and enhance environmental disclosure. Thus, they play a crucial role in formulating an environmental protection vision for the firm (Jędrych et al, 2022; Klimek & Jędrych, 2020) and enhancing its value and reputation.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Association Between Directors With Foreign Experience and Firms’ Environmental Disclosure

Su,

Hu,

Zhang

2023

Sage Open

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Environmental concerns garner global attention, with firms in developing nations responsible for addressing these issues effectively. Environmental disclosure is a prominent aspect of this responsibility, which has become crucial to corporate practice in these nations. This study explores directors’ foreign experience’s influence on a firm’s environmental information disclosure. Data from listed firms in China, a developing country, are employed for this analysis. Using an empirical model, we investigate the proposed hypotheses. The results indicate a trend among firms to favor directors with foreign experience, given their apparent inclination toward environmental information disclosure. However, it’s been observed that corporate governance tends to weaken the positive correlation between hiring directors with foreign experience and environmental information disclosure. This positive association is particularly evident in firms with weak financing constraints, those subjected to strict environmental regulations, and state-owned enterprises. Our study offers valuable insights for managers and decision-makers in developing countries, particularly regarding managing corporate social responsibility and facilitating green transitions in response to environmental regulations. It aids top-tier management in bolstering their internal strategies to optimize their contribution to environmental sustainability. This study, therefore, presents a valuable exploration into the role of directors with foreign experience in influencing firms’ environmental information disclosure.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Association Between Directors With Foreign Experience and Firms’ Environmental Disclosure

Su,

Hu,

Zhang

2023

Sage Open

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“…Instead, it denotes their impartial treatment on the balance sheet of a company, akin to other forms of capital that have a substantial influence on the business's sustainability and development. Although human and social capital have been the subject of extensive empirical research and scholarly literature, their practical integration with other facets of business management has been comparatively unexplored [24,25,26,27,28,29,30,31].…”

Section: Sourcesmentioning

confidence: 99%

Descriptive Method for Sustainable Corporate Capital Management

Klimek,

Jędrych

2023

Preprint

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This article presents a novel sustainable business management technique, emphasizing description and estimation over the outdated profit metric. Due to the intricacies and challenges of implementing the 2019 capital management method based on capital valuation (implemented in 2020–2022), a simpler approach became essential. While it is plausible for organizations to implement capital management based on their valuation, undertaking it with no outside help presents a challenge. The new descriptive method is fundamentally distinct in that detailed monetary valuations of capitals are omitted in favor of description and estimation. This paper establishes the groundwork for applying the new approach in several stages and introduces three new management indicators—the overall accomplishment of management goals index (evaluating management efficacy), the capital level index, and the adjustment (compliance) index—replacing the profit metric. Noteworthy advantages include separating the assessment of management outcomes from the organization's condition, including human and social capital into efficiency evaluations, and removing the profit indicator for management purposes, which prevents resource waste and enhances company efficiency and effectiveness.

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“…Much of the research on corporate social capital is focused on promoting corporate performance and innovation. Klimek and Jędrych [16] and Jędrych et al [17] found that when the six types of capital, including corporate social capital, are balanced, firms maximize efficiency, while energy firms have higher social capital than firms in other sectors. Fiordelisi et al [18] studied the performance of 1789 companies in 27 countries and found that firms with high social capital outperformed their peers in times of economic hardship.…”

Section: Corporate Social Capitalmentioning

confidence: 99%

Analysis of Regional Social Capital, Enterprise Green Innovation and Green Total Factor Productivity—Based on Chinese A-Share Listed Companies from 2011 to 2019

et al. 2022

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At present, social capital is considered to be one of the important reasons for promoting economic development and causing regional economic differences, but in the existing research, there is little literature on the impact of regional social capital on enterprises’ green innovation behavior and green total factor productivity (GTFP), so this paper aims to enrich the research in this area. This paper builds a regional social capital evaluation index system and uses the super-SBM model to measure the enterprise GTFP. Then, this paper brings regional social capital, enterprise green innovation and GTFP into a unified framework for the first time and further reveals the quantitative relationship between the three by using OLS and Tobit two-step methods based on the panel data of 30 provinces from 2011 to 2019. The results show that regional social capital has a positive effect on enterprise GTFP and green innovation (except for strategic green innovation output), enterprise green innovation output has a positive role in promoting GTFP, and enterprise green innovation capital investment has a masking effect between regional social capital and GTFP. Furthermore, the expansive study finds that there are differences in the impact of regional social capital on green innovation and the GTFP of heterogeneous enterprises, and financing constraints have a positive regulatory effect on the relationship between regional social capital and the GTFP of state-owned enterprises, while having an inhibitory effect on the GTFP of private enterprises. Fiscal decentralization has a partial mediating effect between regional social capital and enterprise GTFP, while urbanization and CO2 emissions have a masking effect. Additionally, this paper aims to provide a reference for the improvement of regional social capital theory, the strategic choice of green innovation of enterprises, and the high-quality development of the economy.

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Social Capital in Energy Enterprises: Poland’s Case

Cited by 8 publications

References 37 publications

Association Between Directors With Foreign Experience and Firms’ Environmental Disclosure

Association Between Directors With Foreign Experience and Firms’ Environmental Disclosure

Descriptive Method for Sustainable Corporate Capital Management

Analysis of Regional Social Capital, Enterprise Green Innovation and Green Total Factor Productivity—Based on Chinese A-Share Listed Companies from 2011 to 2019

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