银行业危机和 COVID-19 中的环境信息披露与财务业绩:来自加纳的证据

IF 3.3 Q1 BUSINESS, FINANCE
Joseph Opuni-Frimpong, Justice Oheneba Akomaning, Richmond Ofori-Boafo
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引用次数: 0

摘要

本研究旨在考察加纳上市公司在银行业危机(BKC)和 COVID-19 大流行(COV)之前和期间的环境信息披露(END)对公司财务业绩(CFP)的影响。END指数采用百分位数排名,并以全球报告倡议组织指南为指导。研究结果这项研究为利益相关者理论和信号传递理论提供了支持,这些理论通常应用于END的研究。结果证实,在危机前和危机期间,END 对 CFP 指标、股本回报率和每股收益都有显著的积极影响。实际意义由于加纳仍在从 2017 年至 2020 年的 BKC 和 COV 危机中恢复,本研究的结果突出表明,管理者需要采用END 报告和参与策略来提高 CFP 和公司声誉。原创性/价值据作者所知,本研究是首次在加纳 BKC 和 COV 危机之前和危机期间研究END 对 CFP 的影响。此外,这也是为数不多的调查END如何影响加纳上市公司CFP的研究之一。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Environmental disclosures and financial performance amid banking crisis and COVID-19: evidence from Ghana

Purpose

The purpose of this study is to examine the impact of environmental disclosures (END) on the corporate financial performance (CFP) of listed companies in Ghana before and during the Banking crisis (BKC) and the COVID-19 pandemic (COV).

Design/methodology/approach

This study used data from 16 companies listed on the Ghana Stock Exchange between 2012 and 2021. The END Index was used, which uses percentile ranking and is guided by Global Reporting Initiative guidelines. A diverse set of empirical tests were used to examine whether ENDs affect CFP during crises.

Findings

The study offered support for the stakeholder and signaling theories generally applied to the study of END. The results confirmed that ENDs have a significant positive effect on CFP measures, return on equity and earnings per share, before and during the crises. The BKC and COV had no impact on the CFP.

Practical implications

As Ghana is still recovering from the 2017 to 2020 BKC and COV, the findings of this study highlight the need for managers to embrace END reporting and engagement strategies to improve CFP and firm reputation.

Originality/value

To the best of the authors’ knowledge, this study is the first to examine the effect of END on CFP in the context of before and considering the Ghanaian BKC and COV. In addition, it is one of the few studies that investigates how ENDs affect the CFP of Ghanaian-listed firms.

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来源期刊
CiteScore
5.80
自引率
16.00%
发文量
65
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