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This study proposes to examine the empirical association and relationship between voluntary disclosure of environmental, social, and governance management activity/practices and business performance, by investigating their causal ...
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This study proposes to examine the empirical association and relationship between voluntary disclosure of environmental, social, and governance management activity/practices and business performance, by investigating their causal effects. More specifically, employing data for the largest and most valued US stock-listed corporations, this study proposes to examine both the impact of voluntary disclosure of environmental, social, and governance management activity/practices on business performance, and the impact of business performance on voluntary disclosure of environmental, social, and governance management activity/practices, using a lag of E, S, G, ESG and BP variables. Stakeholder theory, institutional theory, and resource-based view (RBV) theory of the firm suggest that differentiation in capabilities and in resources, developed through inter-organisational workings among supply chain members, is a primary source of improved performance and sustained competitive advantage. This working together, or collaboration among supply chain members, can equally benefit other domains, including environmental, social, and governance areas, and their voluntary disclosures.
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Abstract We test whether proprietary costs (relating to competition) are associated with disclosure of greenhouse gas (GHG) emissions of companies in annual and stand‐alone sustainability reports. We use the National Greenhouse a...
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Abstract We test whether proprietary costs (relating to competition) are associated with disclosure of greenhouse gas (GHG) emissions of companies in annual and stand‐alone sustainability reports. We use the National Greenhouse and Energy Reporting Act 2007 disclosure requirement to create a natural experiment to control for endogeneity issues. Disclosure is significantly higher when there are lower proprietary costs from existing rivals and higher proprietary costs from potential new entrants for hard, and soft disclosures.
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Absent sufficient enforcement, disclosure regulations are often seen as inconsequential. However, enforcement could have unintended effects on firms' incentives to disclose information voluntarily. We develop a model to analyze th...
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Absent sufficient enforcement, disclosure regulations are often seen as inconsequential. However, enforcement could have unintended effects on firms' incentives to disclose information voluntarily. We develop a model to analyze the impact of enforcement on firms' mandatory and voluntary disclosure behavior. The model can accommodate different disclosure and enforcement regimes depending on its parameters, ranging from voluntary disclosure under stochastic information endowment to disclosure under an enforcement regime with punitive damages. In the generalized version, low-value firms disclose under a mandatory disclosure rule, medium-value firms do not disclose (some legally, some illegally), and high-value firms disclose voluntarily. Stronger enforcement does indeed increase the number of firms complying with the regulation. However, it also crowds out voluntary disclosure by making separation less attractive, resulting in a decrease in transparency overall. Nevertheless, stronger enforcement does still lead to positive capital market effects, such as lower mispricing. When we endogenize disclosure regulation, i.e., determine the rule according to firms' preferences, there exists a unique standard where no majority prefers a marginal change to the regulation, and that increases in enforcement.
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Mandated disclosures, which are meant to be a decision-making aid for consumers, are almost always too lengthy and complex for most people to understand. This article provides advice to help organizations simplify and clarify disc...
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Mandated disclosures, which are meant to be a decision-making aid for consumers, are almost always too lengthy and complex for most people to understand. This article provides advice to help organizations simplify and clarify disclosures their organizations are required to provide.
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Invention disclosure is a complex problem faced by many university faculty members. Existing studies have investigated related issues, but few researchers have considered disclosure from the perspectives of both disclosure stage (...
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Invention disclosure is a complex problem faced by many university faculty members. Existing studies have investigated related issues, but few researchers have considered disclosure from the perspectives of both disclosure stage (early or late) and disclosure type (university or firm). This paper seeks to address this gap by investigating the influence of economic benefit, reputation, competition and collaboration on invention disclosure. We build several theoretical models, finding that reputation and competition have opposite effects on university disclosure, whereas economic benefit and collaboration are positively related to firm disclosure. We also find these four influencing factors have close relationships with disclosure stage. The simulation results further illustrate that initial reputation and additional reputation have different impacts on disclosure stage. An increase in a faculty and firm's capability incentivizes firm disclosure in the early stage, while the competitor's capability has the opposite impact. However, entry cost relates negatively to the disclosure stage and to the multi-stage disclosure. This paper provides insights for faculty on invention disclosure, as well as implications for university management.
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Social networking sites (SNSs) offer unprecedented opportunities for broadcasting self-disclosure. However, questions regarding when and why people tend to post distressing information on SNSs have received insufficient scholarly ...
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Social networking sites (SNSs) offer unprecedented opportunities for broadcasting self-disclosure. However, questions regarding when and why people tend to post distressing information on SNSs have received insufficient scholarly attention. Rooted in the functional approach of self-disclosure, we investigated how perceived SNS affordances (i.e., network accessibility, visibility, and visibility control) are associated with broadcasting distress disclosure tendencies on SNSs via disclosure goals. Working with 398 college students, we found that people disclose distress on SNSs for seeking support and expressing emotions. However, anticipated negative evaluations can lessen the associations between disclosure goals and distress disclosures on SNSs. Furthermore, the results revealed that network accessibility was indirectly associated with distress disclosures on SNSs via supportseeking goals while visibility control was indirectly related to distress disclosures via emotion expression goals. The indirect effects indicate the importance of studying disclosure goals when investigating the associations between affordances and disclosures. Together, this study advances our understanding regarding online distress disclosures by integrating SNS affordances, disclosures goals, and subjective risks.
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Researchers in the past have used annual reports to analyse intellectual capital (IC) disclosures. In response to the recent concern on the timeliness issue of annual reports, this research provides empirical evidence on IC disclo...
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Researchers in the past have used annual reports to analyse intellectual capital (IC) disclosures. In response to the recent concern on the timeliness issue of annual reports, this research provides empirical evidence on IC disclosures among top Australian companies, using their Facebook pages. The similar focus of previous IC disclosures in the annual reports and the previous core focus of social media indicates that social media is viable alternative media for companies to disclose IC. Furthermore, Facebook has been the most popular social media among Australians and Australian businesses. This research is important in that it addresses IC disclosures from the social media perspective, an area of research in non-marketing disclosure study in social media which is under investigated. This research documents that Facebook has been used by ASX 200 high IC companies to disclose their IC information. Similar to previous research on IC disclosures research in annual reports, this research reveals that external capital is the most disclosed category on companies' Facebook pages and customers are the most disclosed IC sub-category. Further, this research also documents a two-way communication process on the companies' Facebook pages and shows that the companies have responded and communicated well with their stakeholders.
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This study delves into the nexus between sustainability disclosure practices and the level of information asymmetry within Nigerian industrial companies listed on the Nigerian Exchange Group (NGX). A robust analysis was conducted ...
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This study delves into the nexus between sustainability disclosure practices and the level of information asymmetry within Nigerian industrial companies listed on the Nigerian Exchange Group (NGX). A robust analysis was conducted over a decade, utilizing a sample size of 13 representative industrial firms. The research findings unequivocally demonstrate that environmental, social, and governance (ESG) disclosure practices play a pivotal role in reducing information asymmetry within this critical sector of Nigeria's economy. The study revealed that ESG disclosure practices have a significant and positive impact on mitigating information asymmetry. Environmental disclosure provides stakeholders with vital insights into a company's ecological footprint, risk exposure, and commitment to sustainable practices. Social disclosure highlights ethical initiatives and community engagement, fostering investor confidence and reducing risk perception. Governance disclosure bolsters transparency and accountability, allowing investors to make informed decisions and minimizing corporate governance-related risks. This research underscores the strategic importance of ESG disclosure for Nigerian industrial companies, highlighting its potential to enhance investor trust, reduce risk premiums, and foster long-term sustainability. These findings carry profound implications for corporate practice, regulatory policy, and investor behavior, advocating for continued emphasis on sustainability disclosure practices to create a more transparent and responsible investment environment within the Nigerian industrial sector.
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This paper reports the analyses of the social and environmental disclosures of listed South African mining companies and compares the disclosures of larger companies with those of smaller companies using several different categori...
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This paper reports the analyses of the social and environmental disclosures of listed South African mining companies and compares the disclosures of larger companies with those of smaller companies using several different categories of comparison. The prior literature suggests that larger companies almost invariably disclose more social and environmental information due to their greater visibility. The expected differences are found in social disclosures, but not in environmental disclosures. An institutional theory framework explains these unexpected environmental disclosure findings. Specifically, normative isomorphism, usually driven by professionalization, becomes more prominent when a field reaches maturity and the field of corporate environmental disclosures among mining companies has reached a level of maturity and professionalization causing disclosures to be similar. These similarities have now reached the stage where small companies disclose the same amount of environmental information, in the same general format, as large companies.
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Carbon disclosure research has sparked a growing interest due to climate change phenomenon and the impact thereof on the global market in recent years. Despite this trend, there is still a gap in knowledge regarding the role that ...
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Carbon disclosure research has sparked a growing interest due to climate change phenomenon and the impact thereof on the global market in recent years. Despite this trend, there is still a gap in knowledge regarding the role that carbon disclosure plays in the economic activities of corporations. Therefore, the purpose of this study is to systematically review the available literature on corporate carbon reporting by assessing current research trends, theoretical perspectives, and themes discussed in the field. A final sample of 168 studies from the Scopus database that explicitly discussed carbon reporting were included in this investigation. The results indicated an increase in the number of studies, especially in the last five years. In addition, carbon disclosure practices vary between different firm types, sectors, and countries. However, there is a shortage of empirical studies on some contexts that have rarely been considered. Moreover, it was found that the existing literature has only focused on the demographic characteristics of firms as the driving factor of carbon disclosure, while little attention has been paid to the attributes of governance, auditing, top management, and ownership. Nevertheless, there is no academic consensus on some determinants of carbon reporting, including profitability and the effect of the industry. With regard to the reporting quality, there is no evidence that less disclosed information means that reporting is rare in quality. This study provides a comprehensive, systematic analysis of carbon disclosure studies. The implications for future research are also discussed.
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