Role of Emerging Financial Technology on Environmental and Social Governance of Textile Companies in Saudi Arabia (original) (raw)
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International Journal of Business and Society
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Frontiers in Psychology
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Frontiers in Environmental Science
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Sustainability, 2019
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Eastern-Eu-ropean Journal of Enterprise Technologies, 2022
This study aims to examine the impact of environmental costs dimensions on the financial performance of Iraqi industrial companies with the role of environmental disclosure as a mediator. The data was collected from annual reports of 25 selected companies of the Iraqi stock exchange and oil sector from 2014 to 2018. The results show that the average percentage of environmental disclosure in the industrial companies selected in this study was 20.0% and the mean found was 20.2%. The results also showed that environmental costs (contingent costs and external social costs) positively influence financial performance, while contingent costs, social costs, hidden costs, and Image & relationship costs show a positive influence on environmental disclosure. The findings revealed that environmental disclosure was positively significant in affecting financial performance. It was found that environmental disclosure fully mediated the relationship between environmental costs (hidden costs and Image & relationship costs) and financial performance. Environmental disclosure partially mediated the relationship between environmental costs (Contingent costs, and social costs) and financial performance. There is no mediation of environmental disclosure for the impact of Conventional costs on financial performance. It was also found that environmental disclosure mediated the impact of environmental costs (Conventional costs, Image & relationship costs, and External social costs) on financial performance. This indicates advantages for companies that produce less moderate environmental disclosure and enables them to gain investor's confidence. This study’s implications provide insights into the implementation of the measurement of environmental costs and environmental dis-closure in Iraq.
IJMRAP, 2023
This study aims to analyze the effect of environmental performance, profitability, proportion of independent commissioners, and leverage on Islamic Social Reporting (ISR) in Islamic bank companies listed on the Indonesia Stock Exchange during the 2016-2021 period. The research method used is quantitative by using a purposive sampling technique to select a sample of Islamic bank companies that meet certain criteria. The data used is secondary data from the company's financial reports and annual reports. The results of multiple linear regression analysis show that environmental performance has a significant effect on ISR, while profitability, the proportion of independent commissioners, and leverage have no significant effect on ISR. This research provides insights for Islamic bank companies in improving their social performance and responsibility in an Islamic way.
2019
Purpose - The ESG factor, which consists of environmental, social, and governance factors, represents the non-financial performance of a company. United Nations Principles for Responsible Investment (UN-PRI) invites investors to consider ESG issues when evaluating the performance of any company. Moreover, nowadays the contribution of corporations towards sustainable development is a major concern of investors, creditors, government, and other environmental agencies. Therefore, the purpose of this paper is to examine the impact of ESG factors on the performance of Malaysian public limited companies in terms of profitability, firm value, and cost of capital.Design/methodology/approach – A total of 54 companies are selected from Bloomberg’s ESG database that has complete ESG and financial data from 2010 to 2013. This study conducted panel data regressions such as the pooled OLS, fixed effect, and random effect.Findings - Based on the regression results, there is no significant relation...
المجلة العلمیة للدراسات والبحوث المالیة والتجاریة, 2021
This research examines the impact of corporate governance on firm performance, as well as it examines the indirect relationship through mediating environmental social responsibility between the corporate governance and firm performance. Panel data regression was performed on a sample of 66 non-financial firms in Egypt during the period from 2010-2018. The model parameters were estimated using generalized least square regression. Six corporate governance indicators (Ownership concentration, Female directorship, Role Duality, Board independence, Board size and Audit reputation) were chosen in testing the hypothesized relationship between corporate governance practices with firm performance, which was measured by return on asset, return on equity and Tobin's q. Moreover, environmental social responsibility factor is measured using the S&P/EGX ESG ratings Published index. The results show that environmental social responsibility partially mediates the relationship between audit reputation, role duality and ownership concentration with return on asset. Moreover, the results show that environmental social responsibility fully mediate the relationship between role duality and return on equity. On the other hand, the results show environmental social responsibility doesn't mediate the relationship between corporate governance and Tobin's q.
Management of Environmental Quality: An International Journal, 2019
Purpose Earlier firms were evaluated mostly from their financial performance perspective, but with the increasing attention to sustainability goals, environmental, social and governance (ESG) performance of firms became key concerns to stakeholders. The purpose of this paper is to explore the effects of ESG performance of banks on their financial performance, in the context of emerging markets. Design/methodology/approach This study employs the generalised method of moments technique for estimation purpose due to the dynamic nature of the data and to correct for endogeneity. This study uses the ESG performance data of 93 emerging market banks from 2015 to 2018, available in Asset4 ESG database of Refinitiv, formerly known as Thompson Reuters. The accounting and financial data are collected from Refinitiv Datastream database. Findings The findings indicate a positive association of emerging market banks’ environmental and social performance with their financial performance, but gover...