The impacts of business ethics and diversity on ESG disclosure: Evidence from Hong Kong

Cheung, Kwok Yip; Lai, Chung Yee

doi:10.1002/jcaf.22644

Cited by 7 publications

(1 citation statement)

References 68 publications

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“…Additionally, the literature has examined the impact of corporate governance sustainability issues on ESG performance [74][75][76][77][78][79][80], such as the positive impact of gender diversity and the percentage of women on ESG performance [79,81]. A recent literature review of 49 articles found a positive impact of integrating ESG criteria with corporate sustainability performance, such as improving firm image, competitiveness, and intellectual opportunities [82].…”

Section: Literature Review 21 Environmental Social and Governance (Esg)mentioning

confidence: 99%

How to Manage Conflicts in the Process of ESG Integration? A Case of a Japanese Firm

Aldowaish,

Kokuryo,

Almazyad

et al. 2024

Sustainability

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The adoption of environmental, social, and governance (ESG) principles has pressured firms to change their internal operations, creating conflicts regarding meeting sustainability standards. This study uses paradox theory lens to examine conflicts in ESG integration in a business model and explore resolution strategies. We used the case study of a top ESG leader in the information and technology sector—the Ricoh Group. We identified conflicts for environmental, social, and governance factors and found they adopted a synthesis strategy for conflict resolution for all ESG issues. ESG conflicts were resolved by emphasizing that ESG practices are a global requirement with ESG department support and management power. Environmental conflicts were resolved through shifting from cost-of-capital-centric to market-competitiveness-centric. Additionally, social conflicts were resolved through feedback on market needs. We state that using the ESG framework as a promise for future finance, where its adoption of ESG practices may positively impact future financial performance and might support the integration process. We stress the importance of constant feedback with all divisions about ESG regulations and their status and progress toward achieving ESG goals. We further highlight conflict-resolution strategies adopted to support the integration of the ESG framework into the business model.

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Section: Literature Review 21 Environmental Social and Governance (Esg)mentioning

confidence: 99%

How to Manage Conflicts in the Process of ESG Integration? A Case of a Japanese Firm

Aldowaish,

Kokuryo,

Almazyad

et al. 2024

Sustainability

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Do audit committees impact corporate social responsibility? A review of empirical quantitative research and research opportunities

Velte

2024

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Purpose The purpose of this study was to analyze whether audit committees (ACs) influence corporate social responsibility (CSR) outputs. Design/methodology/approach A structured literature review of 57 archival studies on the influence of ACs on CSR outputs was conducted. According to a stakeholder–agency theoretical framework, the AC variables were structured as follows: presence, composition and resources, incentives and diligence. CSR is mainly divided into CSR performance, CSR reporting and CSR assurance. Findings Previous studies have mainly focused on AC composition and CSR reporting. There are indications that AC composition and CSR performance and assurance are positively linked. Moreover, AC resources, incentives and diligence increase CSR reporting. Research limitations/implications This study stresses the need for linking AC composition with sustainability, the inclusion of moderator and especially mediator variables and addressing endogeneity concerns via advanced regression models. Originality/value This paper reports the first literature review on the interaction between AC and CSR. It presents the main variables that have been included in previous studies, the limitations of these studies and useful recommendations for future research, business practice and regulators.

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The impact of business ethics on ESG engagement and the effect on corporate financial performance: evidence from family firms

Gangi,

Daniele,

Varrone

et al. 2024

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PurposeThe increasing relevance of environmental, social and governance (ESG) engagement has attracted interest in its drivers and effects on business outcomes under different organizational settings. By focusing on family firms (FFs), we deepen both the role of business ethics as a predictor of enhanced ESG engagement and the link with improved corporate financial performance (CFP). In this way, we aim to provide new insights into the impact of business ethics and ESG engagement on FFs competitiveness.Design/methodology/approachBased on a worldwide panel of 335 FFs covering the 2002–2020 time horizon, this study adopts a two-stage Heckman model (1979) to empirically address two research questions: (RQ1) Do business ethics predict greater ESG engagement in FFs? (RQ2) Does ESG engagement positively affect the corporate financial performance (CFP) of FFs?FindingsThe results of the current study are twofold. First, we demonstrate that an ethical approach to business drives greater ESG engagement. Second, we show that higher levels of ESG engagement lead to improved financial performance in FFs.Originality/valueOur study contributes to filling the knowledge gaps regarding the drivers and effects of ESG engagement in FFs. On the one hand, we demonstrate the positive connection between dimensions that have their own identity, such as business ethics and ESG constructs. On the other hand, by shedding light on the impact of ESG engagement on improved CFP, we contribute to solving the trade-off between economic and noneconomic FF goals.

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The impacts of business ethics and diversity on ESG disclosure: Evidence from Hong Kong

Cited by 7 publications

References 68 publications

How to Manage Conflicts in the Process of ESG Integration? A Case of a Japanese Firm

How to Manage Conflicts in the Process of ESG Integration? A Case of a Japanese Firm

Do audit committees impact corporate social responsibility? A review of empirical quantitative research and research opportunities

The impact of business ethics on ESG engagement and the effect on corporate financial performance: evidence from family firms

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