Unveiling Differences in ESG Adoption: A Comparative Analysis of the Big Four Auditors

Valls Martínez, María del Carmen; Santos-Jaén, José Manuel; Martín de Almagro Vázquez, Gema

doi:10.1007/978-3-031-52656-5_15

Environmentally Sustainable Production 2024

DOI: 10.1007/978-3-031-52656-5_15

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Unveiling Differences in ESG Adoption: A Comparative Analysis of the Big Four Auditors

María del Carmen Valls Martínez,

José Manuel Santos-Jaén,

Gema Martín de Almagro Vázquez

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Media coverage as a moderator in the nexus between audit quality and ESG performance: Evidence from China

Cai,

Hazaea,

Alsayegh

et al. 2024

PLoS ONE

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In response to growing pressure on companies to manage and improve their reputation regarding environmental, social, and governance (ESG) issues, the audit is regarded as a vital resource for ensuring ESG risk management, improving transparency, mitigating opportunistic constraints, and guaranteeing accurate reporting. The objective of this paper was to investigate the role of audit quality in improving ESG performance, as well as to examine the role of media coverage represented by ESG controversy score in moderating these relationships. We analyzed 303 Chinese companies with 2,121 observations covering the period from 2017 to 2023. The results suggest that the effects of audit quality as measured by the Big 4 and audit fee on improving ESG performance are positive but not significant. On the other hand, the results reveal that media coverage serves as a positive, albeit non-significant, moderating variable between audit quality measured by the Big 4 and ESG performance, while it has a significant negative effect when audit quality is evaluated based on audit fees. The results indicate that improving ESG performance is significantly linked to auditors intensifying their practices and implementing their work more stringently. More importantly, media coverage is an important additional driver and economic incentive that encourages companies to steer clear of poor ESG-related practices.

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Media coverage as a moderator in the nexus between audit quality and ESG performance: Evidence from China

Cai,

Hazaea,

Alsayegh

et al. 2024

PLoS ONE

View full text Add to dashboard Cite

show abstract

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Unveiling Differences in ESG Adoption: A Comparative Analysis of the Big Four Auditors

Cited by 1 publication

References 45 publications

Media coverage as a moderator in the nexus between audit quality and ESG performance: Evidence from China

Media coverage as a moderator in the nexus between audit quality and ESG performance: Evidence from China

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