Corporate Social Responsibility and Environmental Management最新文献

{"title":"Advantages of ESG Indexes Compared to Traditional Ones in Predicting Stock Prices","authors":"Alex Plastun,&nbsp;Anna Vorontsova,&nbsp;Inna Makarenko,&nbsp;Yuriy Bilan,&nbsp;Samer Khouri,&nbsp;Dalia Streimikiene","doi":"10.1002/csr.3149","DOIUrl":"https://doi.org/10.1002/csr.3149","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper investigates the predictability of traditional and ESG indices in the Ukrainian stock market, examining potential differences between models. The study tests two hypotheses: (H1) ESG indices exhibit lower predictability than traditional indices, and (H2) different forecasting models should be applied to ESG and conventional indices. Various forecasting models, including AR, ARIMA, ARCH, GARCH, TGARCH, Logit, and Probit regressions, are employed, along with additional tests, using daily data from the Ukrainian stock market (UX, PFTS, and WIG indices) spanning 2015–2022. The findings confirm both hypotheses for the case of returns, indicating less predictability for ESG indices and the need for distinct models. For volatility, there is limited evidence supporting Hypothesis 1, but Hypothesis 2 is confirmed. Possible factors explaining the results include higher information transparency, liquidity, and trading activity in ESG indices. The research has implications for academics and practitioners, emphasizing the importance of employing different models for forecasting ESG and traditional indices. It also highlights the preference for traditional indices in trading and speculative activities. The study suggests that a shift toward ESG indices represents a move toward more efficient markets.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3545-3559"},"PeriodicalIF":8.3,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919836","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":"Integrated Measurement of Accountability in a Circular Economy and Its Main Determinants in Waste Companies","authors":"Víctor Kuba-Khoury,&nbsp;Sabina Scarpellini,&nbsp;Alfonso Aranda-Usón","doi":"10.1002/csr.3151","DOIUrl":"https://doi.org/10.1002/csr.3151","url":null,"abstract":"<div>\u0000 \u0000 <p>The study examines circular reporting practices and their determinants that lead to different levels of circular accountability, such as the quality of being transparent and exhaustive, to give an account of the companies' circular economy-related activities. A dual methodological approach is adopted, combining statistical-descriptive and qualitative methods to analyze data from 145 Spanish waste-sector companies from 2018 to 2023. Findings highlight that most waste companies disseminate sustainability, general circular economy principles, and waste recovery information. The main results significantly contribute to accounting practitioners' circular reporting, pointing out that a specific disclosure of circular impacts and collaborative models in the value chain is needed to improve higher levels of disclosure in the waste sector. Companies in the sector tend to achieve a higher level of circular accountability as they grow larger or older. Given the application of the European Union sustainability disclosure rules, the study contributes to the research debate on circular accounting and reporting. If policymakers aim to increase circular reporting, specific monitoring should be targeted to waste sector disclosure practices, particularly inter-company and collaborative items for circular waste.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3560-3575"},"PeriodicalIF":8.3,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919874","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":"Team Affective Climate Toward Disability as a Facilitator of Job Inclusion of Employees With Disabilities: Examining Mediational Paths","authors":"Nuria Gamero,&nbsp;Francisco J. Sanclemente,&nbsp;Francisco J. Medina","doi":"10.1002/csr.3138","DOIUrl":"https://doi.org/10.1002/csr.3138","url":null,"abstract":"<div>\u0000 \u0000 <p>The integration of employees with disabilities in the workplace is a critical issue for organizations aiming to foster inclusivity and diversity. The purpose of this study was to examine how team affective climate toward disability influences the job inclusion of employees with disabilities. Three indicators of job inclusion were considered: job satisfaction, affective commitment, and the desire to stay in the organization. We examined three mediating mechanisms. First, the mediating role of team-shared stigma. Second, the mediating role of the quality of within-team relationships. Third, a mixed meditational path, where team affective climate→team-shared stigma→relationships quality→job inclusion. The sample was composed of 258 employees from 66 teams included in 15 organizations. Each team included an employee with disabilities. We used PROCESS to test our mediation hypotheses. Our results indicated that the indirect effect of the teams' affective climate toward disability in job inclusion followed a causal chain through the teams' shared stigma and the quality of within-team relationships. Implications for theory, research, and practice based on our findings are discussed.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3511-3524"},"PeriodicalIF":8.3,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919875","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":"Predicting ESG Controversies in Banks Using Machine Learning Techniques","authors":"Anna Rita Dipierro,&nbsp;Fernando Jimenéz Barrionuevo,&nbsp;Pierluigi Toma","doi":"10.1002/csr.3146","DOIUrl":"https://doi.org/10.1002/csr.3146","url":null,"abstract":"<p>Mistreating environmental, social, and governance (ESG) concerns has serious drawbacks in organizations of any type, and even more in banks. Deeply revolutionized in its taxonomy of risks, banking sector is herein evaluated in its integration of ESG parameters that, when lacking, leads to ESG-related controversies (ESGC). Thereby, this research approaches the almost uncharted territory of ESGC in banks, by means of machine learning. Aiming at selecting the set of features that are relevant in ESGC prediction, techniques belonging to feature selection are used over a real panel dataset of 140 banks evaluated for a wide set of features over 2011–2020 time-span. We find the power that governance-employees dynamics detains in making out-of-sample predictions and forecasting of ESGC banks' risk. Finally, we provide implications for researchers, practitioners and regulators, further confirming the need for the rapid inroads that machine learning tools are actually making in the banking toolkit and in the regulatory technology.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3525-3544"},"PeriodicalIF":8.3,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3146","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919876","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":"Shadows of Corporate Social Responsibility: An Experimental Study on Intensity, Motives, and Legitimacy in Organizational Reputation","authors":"Subhan Shahid","doi":"10.1002/csr.3139","DOIUrl":"https://doi.org/10.1002/csr.3139","url":null,"abstract":"<div>\u0000 \u0000 <p>The study examines when and how corporate social responsibility (CSR) intensity (high vs. low) leads to higher perceived organizational reputation. Drawing on stakeholder theory, the study also theorizes the mediating role of perceived organizational legitimacy and the moderating role of CSR motives (strategic vs. altruistic). Two studies, using a 2 × 2 between-subject experimental design, are empirically tested using analysis of variance and Process macro moderated mediation analysis. Findings affirm that high CSR intensity leads to higher perceived organizational reputation via perceived organizational legitimacy. Additionally, the study demonstrates that altruistic CSR motives significantly strengthen the relationship between CSR intensity and positive stakeholder perceptions, compared with strategically driven motives. This finding offers essential empirical evidence regarding the impact of CSR implementation, shedding light on the psychological processes that stakeholders engage in when evaluating an organization's legitimacy and reputation. By focusing on how these cognitive assessments are formed, the research deepens our understanding of the nuanced role CSR motives play in shaping stakeholder perceptions.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3495-3510"},"PeriodicalIF":8.3,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919315","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":"Advancing Business Ethical Standards: Unpacking the Synergistic Influence of Governance Structures and CSR Engagement on Corporate Integrity in BRICS Countries","authors":"Abednego Osei,&nbsp;Naiping Zhu,&nbsp;Andrew Osei Agyemang","doi":"10.1002/csr.3140","DOIUrl":"https://doi.org/10.1002/csr.3140","url":null,"abstract":"<div>\u0000 \u0000 <p>In a global business environment where ethical lapses increasingly undermine corporate credibility, can enhanced governance mechanisms and CSR engagement drive ethical corporate behavior? This study explores the intricate relationship between corporate governance attributes and Business Ethical Practices (BEP), examining how CSR engagement moderates this relationship across 386 manufacturing firms in the BRICS countries from 2010 to 2022. Grounded in Stakeholder and Agency Theories, the research investigates three core governance strands: diversity, structural, and process attributes. Using the Generalized Method of Moments (GMM) estimator, the findings reveal that gender diversity and age diversity positively influence BEP, while national diversity has a negative association, raising concerns about the alignment of foreign board members with local ethical standards. Board independence and board size significantly enhance ethical practices, while CEO duality negatively affects BEP, emphasizing the importance of independent oversight. Among process attributes, board meetings and board tenure positively contribute to BEP, while meeting attendance shows a negative association, suggesting that mere presence without meaningful participation may not guarantee ethical outcomes. Notably, CSR engagement amplifies positive governance effects and mitigates negative influences, reinforcing its critical role as a governance enhancer. Heterogeneity analyses across manufacturing types (Job Shop, Batch, Continuous Process, and Mass Production) confirmed the consistency of these findings. Furthermore, robustness tests, including cluster analysis, sensitivity analysis, and endogeneity controls, validated the reliability of the results. The study provides targeted policy recommendations advocating for stronger diversity mandates, deeper CSR integration, and enhanced ethical training, while the practical implications emphasize the importance of comprehensive governance frameworks for long-term ethical sustainability.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3471-3494"},"PeriodicalIF":8.3,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919492","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":"What Drives Consumer Willingness to Pay for Environmental, Social, and Governance Initiatives? A Choice Experiment","authors":"Seong Ok Lyu,&nbsp;Changwook Kim","doi":"10.1002/csr.3141","DOIUrl":"https://doi.org/10.1002/csr.3141","url":null,"abstract":"<p>This study explores consumer preferences for Environmental, Social, and Governance (ESG) initiatives, utilizing a choice experiment within the context of sports organizations. This research aims to identify how each ESG dimension influences consumer decision-making and the economic implications for organizations implementing these practices. By examining gender differences in preferences for ESG practices, this study provides nuanced insights into consumer attitudes toward diverse sustainability initiatives. Results indicate consumer willingness to pay for improved ESG practices, with distinctive variations across demographic segments. These findings suggest that consumers prioritize sustainability and ethical considerations in their choices, offering valuable implications for sports organizations seeking to enhance their ESG performance. This study contributes to the expanding body of literature on consumer behavior toward ESG, highlighting the economic benefits of aligning corporate strategies with consumer values. Our research underscores the importance of ESG initiatives in driving consumer engagement and promoting sustainable business practices.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3454-3470"},"PeriodicalIF":8.3,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3141","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919965","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":"Two Decades of Research on the Relation of CSR With Earnings Management: Mapping Heterogeneity and Future AGENDA","authors":"Shital Jhunjhunwala,&nbsp;Sidra Fatima","doi":"10.1002/csr.3115","DOIUrl":"https://doi.org/10.1002/csr.3115","url":null,"abstract":"<div>\u0000 \u0000 <p>This literature review uses a blend of systematic literature review and thematic analysis to explore the relationship between corporate social responsibility (CSR) and earnings management (EM). The literature review search is guided by PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) and analyses 94 Scopus-indexed articles ranging from 2008 to 2023. The paper reveals the most influential articles and authors, leading countries, and journals. The paper also comprehends that research on this topic needs to be clarified, with some studies suggesting a positive relationship between CSR practices and EM while others point to a negative correlation. Then, again, other research indicates mixed findings, suggesting this relationship might be more complicated and context-dependent. In addition to highlighting the significance of considering contextual factors, the review attempts to identify the sources of heterogeneity in these findings. We also present an explanatory framework primarily ignored in previous studies to understand the sources of heterogeneity. The review also points out gaps in existing literature and suggests avenues for future research. In summary, this review offers valuable insight for scholars and professionals who want to navigate the dynamic interplay of CSR and EM in the contemporary business world.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3438-3453"},"PeriodicalIF":8.3,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919987","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":"Correction to “The Impact of Sustainability Governance Attributes on Comprehensive CSR Reporting: A Developing Country Setting”","authors":"","doi":"10.1002/csr.3144","DOIUrl":"https://doi.org/10.1002/csr.3144","url":null,"abstract":"<p>\u0000 <span>Ali, W.</span>, <span>Z. Mahmood</span>, <span>J. Wilson</span>, and <span>H. Ismail</span>. <span>2024</span>. “ <span>The Impact of Sustainability Governance Attributes on Comprehensive CSR Reporting: A Developing Country Setting</span>.” <i>Corporate Social Responsibility and Environmental Management</i> <span>31</span>, no. <span>3</span>: <span>1802</span>–<span>1817</span>. https://doi.org/10.1002/csr.2677.\u0000 </p><p>In authors' affiliation part, the second affiliation of first author with his parent institution was missed. The second affiliation of “Waris Ali” is “Department of Business Administration, University of Sahiwal, Pakistan, 57,000.”</p><p>We apologize for this error.</p>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 2","pages":"2863"},"PeriodicalIF":8.3,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/csr.3144","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143555187","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 Environmental Regulation Compliance and Market Competitiveness Degree on Performance: The Case of the Portuguese Enterprise Ecosystem","authors":"Sónia Silva","doi":"10.1002/csr.3112","DOIUrl":"https://doi.org/10.1002/csr.3112","url":null,"abstract":"<div>\u0000 \u0000 <p>The EU Directive 2002/96/EC concerning the re-use, recycling, and other forms of recovery of waste of electrical and electronic equipment (WEEE) sets criteria for collecting, treating, and recovering WEEE. In Portugal, since 2006, firms operating in these industries must comply with the WEEE Directive. In this study, we examine the impact of compliance with this environmental regulation on corporate performance across different degrees of market competitiveness. We collected a sample of Portuguese-based firms from the electrical and electronic equipment industries from the Orbis Europe database between 2003 and 2022 and identified the ones that comply with the law—the treatment group. Our final sample consists of 219 firms, corresponding to 2718 matched pairs formed of treated and control observations. Our results show no differences in performance between firms that comply (the treatment group) and those that do not (the control group), except for firms operating in more competitive markets. In such cases, compliance negatively affects firms' performance. The profitability of treated firms assigned in the group of high market competitiveness is, on average, three percentage points lower than that of their counterparts. This evidence poses a challenge to the EU regulators, who should focus on enforcing EU Directive to create a common ground across member states to avoid free riders from emerging.</p>\u0000 </div>","PeriodicalId":48334,"journal":{"name":"Corporate Social Responsibility and Environmental Management","volume":"32 3","pages":"3408-3422"},"PeriodicalIF":8.3,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143919982","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}