Transition démocratique et reporting environnemental, social et de gouvernance (ESG) en Tunisie

Rhouma, Amel Ben; Demolli, Éric; Moisseron, Jean-Yves; Boyer, Tristan

doi:10.3917/machr.209.0043

Cited by 5 publications

(2 citation statements)

References 3 publications

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“…Tunisia has not yet entered the era of SRI. However, in this country, ESG has started to become a growing concern (Ben Rhouma et al, 2011). Several reforms have been initiated in favor of CSR.…”

Section: Introductionmentioning

confidence: 99%

Perception of ESG criteria by mainstream investors: evidence from Tunisia

Khemir

2019

IJOEM

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Purpose The purpose of this paper is to explore the perception of environmental, social and governance (ESG) criteria by mainstream investors in an emerging financial market, that of Tunisia, country at the origin of the Arab Spring. Design/methodology/approach A series of focus groups and semi-structured interviews were conducted with financial professionals. Findings Despite efforts by the Tunisian state to promote CSR and ESG criteria since the outbreak of the revolution of January 14th, 2011, the results show that these criteria are fairly well known by our interlocutors. As part of an investment allocation decision, the ESG criteria are considered as secondary to financial ones. The three criteria are classified as follows according to their usefulness in the investment choices of financial professionals: corporate governance, social and environmental. Research limitations/implications In addition to the subjective nature of the data collected, this research is limited to the input of only financial professionals. It does not inform us about ESG indicators that may influence the investment decisions of financial professionals, and thus this issue deserves further reflection. Originality/value This exploratory study sheds light on a little-explored topic in Tunisia, country at the origin of the Arab Spring. It contributes to the existing literature in the areas of investor behavior toward ESG criteria and adds to the limited literature in the area of emerging countries.

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Section: Introductionmentioning

confidence: 99%

Perception of ESG criteria by mainstream investors: evidence from Tunisia

Khemir

2019

IJOEM

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“…Chakroun (2012) showed that voluntary disclosure policy in annual reports of Tunisian firms is seen by analysts as being minimalist. Recently, the ESG started becoming a growing concern (Ben Rhouma et al, 2011). The many reforms initiated in the favor of CSR constitute a real incentive to the commitment by companies in a socially responsible approach.…”

Section: Introductionmentioning

confidence: 99%

The influence of ESG information on investment allocation decisions

Khemir

Baccouche

Damak-Ayadi

2019

JAAR

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Purpose In addition to financial reporting, more and more companies report environmental, social and governance (ESG) information in emerging countries. This practice is intended to fulfill the information needs of all the company’s stakeholders, and more specifically the investors. The purpose of this paper is twofold. First, to analyze whether investors include ESG information into their investment allocation decisions in Tunisian capital market. Second, to identify the information dimension having the more effect on their investment allocation decisions. Design/methodology/approach A field experiment was conducted in an emerging country (Tunisia) among 245 novices and experienced financial stakeholders to analyze how ESG information is taken into account in their investment allocation decisions. Findings The results of the factorial mixed analysis of variance show that ESG information influenced the investment allocation decisions in Tunisia. In addition, the results of the post-hoc test indicate that governance and social information had more influence than environmental information. Research limitations/implications This paper is limited to the analysis of the influence of ESG information only on the decisions of financial stakeholders in Tunisia. In future research works, it will be relevant to study the decisions of other stakeholders and to carry out comparative studies between several countries. Practical implications The results can only strengthen and motivate companies to pay more attention to their ESG information disclosure practices. They are also likely to attract the attention of the accounting standard setters on the need to standardize these practices. Originality/value The original contribution of this paper lies not only in the analysis of three dimensions of extra-financial information: E, S and G through an experiment carried out in an emerging country, but also especially in the comparison of the influence of each dimension on investment allocation decisions.

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A bibliometric analysis of ESG in Islamic banks: mapping current trends and projecting future research direction

Tumewang,

Yunita,

Hassan

2024

JFRA

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Purpose This study aims to explore the current trends in the literature about environmental, social and governance (ESG) practices within Islamic banking. It also seeks to identify research gaps and propose directions for future inquiry. Design/methodology/approach Using a bibliometric analysis, this study synthesises 753 articles from the Scopus database from 1988 to 2023. The analysis was conducted using the biblioshiny package in RStudio and VOSviewer. Findings It reveals an increasing trajectory in the volume of literature on ESG within Islamic banking, with Muslim-majority countries supported by robust regulatory frameworks leading the discourse. Emerging interest from Muslim-minority countries is also noted. This research delineates five principal research streams and proposes future investigative pathways, including the influence of institutional factors on Islamic banks’ ESG practices. Practical implications This study offers valuable insights for Islamic bank management and stakeholders, enhancing their comprehension of ESG practices’ current landscape. Additionally, it directs emerging scholars towards novel and pertinent research opportunities within this domain. Originality/value Amidst a growing body of work on ESG and Islamic banking, this study is, to the best of the authors’ knowledge, the first bibliometric review dedicated solely to ESG considerations in Islamic banks. It augments the extant literature by adopting a more stringent methodological approach and a rigid quality assessment.

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Transition démocratique et reporting environnemental, social et de gouvernance (ESG) en Tunisie

Cited by 5 publications

References 3 publications

Perception of ESG criteria by mainstream investors: evidence from Tunisia

Perception of ESG criteria by mainstream investors: evidence from Tunisia

The influence of ESG information on investment allocation decisions

A bibliometric analysis of ESG in Islamic banks: mapping current trends and projecting future research direction

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