评级有何意义？探索意大利合法性评级与收益管理之间的联系

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2024-11-21 DOI:10.1002/bse.4059

Federico Bertacchini, Carlotta Magri, Gianluca Gabrielli

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引用次数: 0

摘要

企业合法性是企业战略的一个重要方面。然而，由于对其进行测量存在困难，因此很少有人对负有法律责任的公司对其利益相关者采取的活动和行为进行研究。为了弥补这一不足，我们将意大利合法性评级（LR）作为企业合法性的替代指标，以研究具有法律责任的企业的盈利质量。考虑到利益相关者理论和代理理论的理论框架，我们假设 LR 分数和 LR 的存在与较高的收益质量相关。基于超过 126,000 家公司的数据集，分析结果证实了我们的假设，并强调了 LR 作为识别具有道德责任感公司的有效工具的作用。我们的研究为私营企业和公共机构提供了宝贵的实践启示。

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What is in a Rating? Exploring the Link Between the Italian Legality Rating and Earnings Management

Corporate legality is a key dimension of business strategy. However, due to the difficulties associated with its measurement, little has been done to study the activities and behaviors that legally responsible companies enact towards their stakeholders. To address this gap, we consider the Italian Legality Rating (LR) as a proxy for corporate legality to study the earnings quality of legally responsible companies. Considering the theoretical framework of stakeholder theory and agency theory, we hypothesize that the LR scores and the presence of LR are associated with higher earnings quality. Based on a dataset of over 126,000 companies, the results of the analyses confirm our hypotheses and highlight the role of the LR as an effective tool to recognize ethically responsible companies. Our study provides valuable practical insights to private companies and public institutions.

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.