GRI合规性是否缓和了可持续性披露对公司价值的影响?

IF 3.1 Q2 BUSINESS
S. J, Suprabha K.R., K. Prasad
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引用次数: 4

摘要

目的本文旨在检验全球报告倡议合规性在可持续性报告与企业价值之间的关系中的调节作用。设计/方法论/方法本研究调查了2010年至2019年的223家制造业企业,涵盖11个行业。以GRI合规性为调节因子,作者采用矩模型的广义方法来研究可持续性披露如何影响公司价值。研究结果表明,可持续性披露与公司价值之间存在着积极而显著的关联。本研究表明,GRI合规性调节了可持续性披露与公司价值之间的关系,因此当公司在可持续性报告中采用GRI时,公司价值会增加。独创性/价值先前没有研究检验GRI合规性对印度制造业可持续性披露与公司价值之间关系的直接和调节作用。这项研究对管理者和行业了解实施自愿可持续性披露实践和遵守GRI的重要性也很有价值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does GRI compliance moderate the impact of sustainability disclosure on firm value?
Purpose This paper aims to examine the moderating role of global reporting initiative (GRI) compliance in the association between sustainability reporting and firm value. Design/methodology/approach This study investigates a sample of 223 manufacturing firms, encompassing 11 industries from 2010 to 2019. Using GRI compliance as a moderator, the authors employed a generalized method of moments model to study how sustainability disclosure impacts firm value. Findings The results indicate a positive and significant association between sustainability disclosure and firm value. This study reveals that GRI compliance moderates the relationship between sustainability disclosure and firm value, such that firm value increases when the firm adopts GRI in sustainability reporting. Originality/value No prior studies have examined GRI compliance's direct and moderating effects on the association between sustainability disclosures and firm value in the Indian manufacturing sector. This study is also valuable for the managers and industry to understand the significance of implementing voluntary sustainability disclosure practices and being GRI compliant.
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来源期刊
CiteScore
5.60
自引率
18.80%
发文量
35
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