Corporate Social Responsibility and Environmental Management最新文献

{"title":"Investor Responses to ESG News Sentiment: Exploring Differential Effects and Industry Moderation","authors":"Se-Hee Jeong,&nbsp;Jeong-Ji Han,&nbsp;Soyoung Jun,&nbsp;Shawn Kim,&nbsp;Jong Woo Kim","doi":"10.1002/csr.3163","DOIUrl":"https://doi.org/10.1002/csr.3163","url":null,"abstract":"<p>Environmental, social, and governance (ESG) principles have gained prominence in the capital markets. While ESG ratings are widely used to assess corporate sustainability, their disagreement and time lag limit their effectiveness for investors. This study proposes ESG news sentiment as an alternative measure of corporate ESG activities and investigates the investor responses to it. Using sustainability reports, we developed lexicons to classify news into ESG and non-ESG categories and further categorized ESG news into environmental, social, and governance dimensions. Through hierarchical regression analysis, we examine the impact of media-derived ESG factors on market value and stock returns. Our findings reveal that ESG news sentiment is more positively associated with firm performance compared to non-ESG news. This is particularly evident for social and governance dimensions, with effects varying across industries depending on their ESG concerns. These results demonstrate the value of ESG news sentiment analysis in understanding market responses to corporate sustainability practices.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3944-3964"},"PeriodicalIF":8.3,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3163","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Climate Policy Uncertainty and Corporate Disclosure Strategies: Evidence From Financial Statement Comparability","authors":"Zhichao Zhang,&nbsp;Bingzhen Sun","doi":"10.1002/csr.3164","DOIUrl":"https://doi.org/10.1002/csr.3164","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores how climate policy uncertainty (CPU) impacts corporate financial reporting strategies. We employ a news-based CPU measure using bidirectional encoder representations from transformers (BERT), an advanced deep learning model known for its sophisticated natural language processing capabilities. Based on a sample of Chinese listed companies from 2010 to 2023, we find a negative relationship between CPU and financial statement comparability. This effect is more pronounced in firms with high pollution levels or significant environmental costs. Our mechanism tests reveal that CPU leads to more abnormal transactions and discretionary reporting, which further reduces comparability. Additionally, CPU significantly affects discretionary accounting comparability and diminishes the textual comparability of MD&amp;A and accounting policy disclosures. Overall, our findings indicate that higher levels of CPU are associated with a greater likelihood of unusual corporate behaviors and strategic reporting decisions, resulting in decreased financial statement comparability.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3905-3927"},"PeriodicalIF":8.3,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Shaping a Socially Responsible Workforce Through SRHRM Practices: Investigating the Mediating Role of Work Meaningfulness and the Moderating Effect of Servant Leadership","authors":"Afra Saif Altuniji,&nbsp;Shaker Bani-Melhem,&nbsp;Faridahwati Mohd-Shamsudin,&nbsp;Muhammad Usman","doi":"10.1002/csr.3154","DOIUrl":"https://doi.org/10.1002/csr.3154","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite the increased emphasis on motivating employees to go beyond their professions and positively impact society, our understanding of the factors that drive these social impact behaviors is still limited. Thus, the objective of this study is to investigate how employee social impact behaviors (ESIB) in service organizations are promoted by socially responsible human resource management (SRHRM) practices. Grounded in self-determination theory, the study explores whether SRHRM influences ESIB through the mediating role of work meaningfulness (WM) and examines how servant leadership (SL) strengthens this relationship. Data from 268 service sector employees in the United Arab Emirates (UAE) were gathered via a structured, cross-sectional survey. The results support the moderated mediation model. It also demonstrates that SRHRM significantly boosts ESIB, with its effect being more pronounced under high SL behavior. This study provides essential insights into how SL amplifies the effects of SRHRM on ESIB and offers practical recommendations for organizations seeking to develop a socially responsible workforce. Furthermore, it emphasizes the necessity of aligning HRM practices with corporate social responsibility objectives to achieve wider organizational and societal outcomes.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3891-3904"},"PeriodicalIF":8.3,"publicationDate":"2025-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Executive Ownership and Minority Shareholder Protection: Drivers of Environmental Innovation in China's A-Share Market","authors":"Shanshan Yue,&nbsp;Saleh F. A. Khatib,&nbsp;Norkhairul Hafiz Bajuri,&nbsp;Hamid Ghazi H Sulimany,&nbsp;Yini Lee","doi":"10.1002/csr.3158","DOIUrl":"https://doi.org/10.1002/csr.3158","url":null,"abstract":"<div>\u0000 \u0000 <p>This study explores the relationship between executive ownership, minority shareholder protection, and environmental innovation in China. We conducted the study using a comprehensive sample of A-share companies listed on the Chinese Exchange Market from 2013 to 2022. The final sample consists of 29,366 observations. The results show that executive ownership significantly boosts environmental innovation, especially in low-polluting industries. However, its impact is minimal in high-polluting sectors, highlighting the necessity of external regulatory frameworks. Minority shareholder protection positively moderates this relationship, indicating its critical role in fostering environmentally beneficial strategies. Executive salary also encourages innovation but to a lesser extent than ownership, suggesting potential governance challenges with just short-term financial incentives. The research underscores the importance of policies aligning executive incentives with long-term environmental goals and strengthening minority shareholder rights for effective corporate sustainability efforts. Hence, policymakers should focus on creating policies that encourage sustainable innovation, particularly in high-polluting industries where internal governance alone may not suffice.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3854-3873"},"PeriodicalIF":8.3,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919969","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Explicit CSR Communication Among Trade and Subcontractor SMEs in the Construction Industry","authors":"Lam Quang Le,&nbsp;Pauline Teo,&nbsp;Akvan Gajanayake","doi":"10.1002/csr.3160","DOIUrl":"https://doi.org/10.1002/csr.3160","url":null,"abstract":"<p>This study explores the current landscape of explicit Corporate Social Responsibility (CSR) communication via webpages by Small and Medium Enterprises (SMEs) in the construction industry to their stakeholders. A qualitative content analysis, grounded in stakeholder theory, was conducted on the webpages of 67 trade and subcontractor SMEs in the construction industry, specifically in the state of Victoria, Australia. It is found that Environmental CSR practices are the most frequently disclosed, particularly regarding eco-friendly products and packaging. Employee-related CSR practices are second, focusing on occupational health and safety. However, disclosures on Society/Community- and Supplier/Partner-related CSR practices are limited. SMEs comprise a large proportion of the construction industry, face resource constraints but are crucial for local economies and sustainable practices. Unlike most of the previous studies which focus on large enterprises, this research examines the CSR practices of construction SMEs through their webpages, offering insights into their role in socially responsible construction and the need to guide SMEs for effective communication of CSR initiatives. The focus is on the webpages of trade and subcontractor SMEs in the construction industry. The findings guide SME owner-managers in improving CSR disclosure, emphasising the need for tailored communication strategies.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3874-3890"},"PeriodicalIF":8.3,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3160","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does Listing Farther Influence Carbon Emissions Production? Evidence From Internationally Cross-Border Listed Firms","authors":"Anson Au","doi":"10.1002/csr.3155","DOIUrl":"https://doi.org/10.1002/csr.3155","url":null,"abstract":"<p>The past decade has witnessed an increase in stakeholder pressures for publicly-listed firms to reduce their emissions. While most firms have been receptive to these pressures, they have also been observed to devise strategies to circumvent regulatory guidelines and avoid liabilities. Drawing on a sustainable finance dataset on cross-border listed firms, this article examines how geographical distance in cross-border listings may exacerbate the amount of Scope 1, Scope 2, and Scope 3 emissions that firms produce to varying degrees. The findings across different model specifications reveal that distance is associated with increases in emissions among cross-listed firms, but the effect of distance is stronger for ln Scope 1 and ln Scope 2 Emissions among non-primary listings, whereas the effect is stronger for ln Scope 3 Emissions among primary listings. This article offers evidence that geographical distance in cross-border listings is a form of jurisdictional arbitrage used by firms to circumvent emissions regulations. Consistent with the way that firms offshore profits and operations to avoid tax liabilities, firms are theorized to offshore emissions and avoid emissions liabilities by listing in cross-border jurisdictions that are geographically distant from their home jurisdictions.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3832-3853"},"PeriodicalIF":8.3,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3155","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainability in Energy Companies Under the Lens of Cultural Pressures: When Do We Talk of Greenwashing?","authors":"Paolo Esposito,&nbsp;Emanuele Doronzo,&nbsp;Vincenzo Riso,&nbsp;Massimiliano Tufo","doi":"10.1002/csr.3111","DOIUrl":"https://doi.org/10.1002/csr.3111","url":null,"abstract":"<p>Listed companies allocate resources to various renewable energy and green innovation initiatives driven by economic and environmental, social, and governance (ESG) objectives. Corporations experience increased pressure from stakeholders, potentially hindering the concurrent achievement of economic and ESG goals and leading to phenomena such as greenwashing. This study examines whether these investments and practices represent an authentic transformation in corporate strategy or a mere rebranding attempt. Moreover, it investigates whether cultural dimensions can serve as predictors of greenwashing. The investigation progresses through three stages. First, a homogenous dataset of 59 companies listed in EU countries between 2011 and 2022 is identified. Second, the data envelopment analysis methodology is employed in the second stage to determine the energy companies' efficiency. An effective energy enterprise must simultaneously achieve social, environmental, and economic objectives. The study calculates a greenwashing proxy, creating a binary variable assigning a value of 1 to energy companies not impacted by greenwashing and 0 to those that are. Finally, logistic regression is utilized to investigate the correlation between the variable that denotes energy companies subjected to greenwashing and Hofstede's cultural dimensions. The study reveals that firms operating in countries with high levels of masculinity are more likely to participate in deceptive environmental practices known as “greenwashing.” This outcome has implications for academic and practical purposes, notably regarding stakeholder involvement and the re-evaluation of strategic and decision-making procedures impacted by the interplay of cultural values and green technology. To the best of our knowledge, this study represents the sole investigation that applies this approach to examining non-financial reporting, focusing on the interplay between cultural values, ESG, and their interaction effects.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3814-3831"},"PeriodicalIF":8.3,"publicationDate":"2025-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3111","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"B-Corp Certification: Systematic Literature Review and Research Agenda","authors":"Giovanna Attanasio,&nbsp;Cinzia Battistella,&nbsp;Elia Chizzolini","doi":"10.1002/csr.3118","DOIUrl":"https://doi.org/10.1002/csr.3118","url":null,"abstract":"<p>This paper aims to study the adoption and impact of B-Corp certification by systematically reviewing key papers on this topic published in peer-reviewed journals from 2006 to 2024. The paper proposes a conceptual framework that provides a comprehensive overview of research themes, subdivided into five broad research focuses: drivers and enablers for organisations seeking certification, barriers they encounter, implementation issues of B-Corp certification and the outcomes achieved post-certification. The study offers a thorough overview of the academic literature on B-Corp certification, laying a strong foundation for future research on the subject. The literature reveals similarities in objectives, approaches and methods, often yielding overly optimistic results that fail to capture the complex impact of B-Corp certification. A range of research opportunities is presented, establishing a research agenda to guide future studies in the field. The findings can support decision-making regarding the adoption and renewal of certification by evaluating its cost–benefit. Policymakers can utilise this comprehensive overview of knowledge to inform their decisions on regulatory actions.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3729-3769"},"PeriodicalIF":8.3,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3118","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Audit Quality and Materiality Disclosure Quality in Integrated Reporting: The Moderating Effect of Carbon Assurance Quality","authors":"Patrick Velte","doi":"10.1002/csr.3153","DOIUrl":"https://doi.org/10.1002/csr.3153","url":null,"abstract":"<p>This study concentrates on the link between audit quality and materiality disclosure quality in integrated reporting and the moderating effect of carbon assurance quality. The cross-country study consists of 612 firm-year observations from European and South African listed firms between 2017 and 2022. Regression analyses indicate that audit fees and big four audit firms are positively and significantly related to integrated reporting quality, whereas audit firms as carbon assurors, reasonable assurance level, and reference to international sustainability assurance standards strengthen this link. These findings are robust to several endogeneity and additional analyses. The study mainly contributes to the increasing research on the influence of financial audits on sustainability issues. To the best of our knowledge, this is the first empirical study on the relationship between audit quality and integrated reporting quality, based on materiality disclosure. Moreover, the moderator effect of carbon assurance quality is included as an innovative complementary monitoring factor.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3785-3801"},"PeriodicalIF":8.3,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3153","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Female Board Representation on Corporate Environmental, Social and Governance Performance: A Dual Perspective Based on Institutional Environment and Market Competition","authors":"Bo Wang,&nbsp;Yang Yang","doi":"10.1002/csr.3156","DOIUrl":"https://doi.org/10.1002/csr.3156","url":null,"abstract":"<div>\u0000 \u0000 <p>Environmental, social, and governance (ESG) is attracting increasing attention from governments and various stakeholders. However, since incorporating a large number of environmental and social governance measures into corporate business strategies will affect a company's short-term financial performance, it is difficult for ESG strategies to gain the decision-making support of the board of directors. Female board representation, on the other hand, can address the above-mentioned challenges by virtue of their acumen in environmental subsidies and their pro-environmental market image. Nevertheless, the existing literature has not recognized the advantages of female board representation in these two aspects. Based on this, drawing on the Upper Echelons Theory and Gender Socialization Theory, this paper takes the listed companies on China's stock markets from 2014 to 2022 as a sample and uses a fixed effects model to analyze the impact of female board representation (FBR) on ESG. The research findings show that when there are two or three female board members, it significantly improves ESG performance. Secondly, from the perspective of the institutional environment, environmental subsidies amplify the positive impact of FBR on ESG. However, market competition has the opposite effect and may even offset the positive impact of environmental subsidies. The heterogeneity analysis further reveals that FBR has a greater positive impact on the ESG performance of companies in non-critical industries and those that have established environmental committees.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3802-3813"},"PeriodicalIF":8.3,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}