This research aims to investigate the connection between pollution secretions and corporate investment, with a particular focus on how national governance moderates this relationship. Utilizing a ten-year dataset (2010–2019) from publicly listed enterprises in BRICS countries, the study finds that air pollution negatively affects corporate investment by increasing operational risks and regulatory uncertainties. However, national governance significantly moderates this adverse impact. The analysis suggests that policy officials should prioritize effective governance, highlighting its dual benefits in promoting environmental sustainability and fostering investment growth. Corporate managers are urged to recognize the importance of considering air pollution and national governance when making investment decisions.
Neutrality After Russian Invasion Of Ukraine: Example Of Switzerland And Some Lessons For Ukraine – Analysis eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
Environment, Social, and Governance (ESG) disclosure is a non-financial disclosure that is expected to enhance firms’ transparency, ease estimation of risk, hence lower cost of equity (CoE). However prior studies show mixed results. Using Institutional theory, this paper argues that sustainability policy intervention could have a different effect. However, this framework expects that the more ESG disclosure, the higher firms’ cost of equity (CoE) due to shareholders’ perception of mindless ESG plan. The policy intervention examined is government regulation of mandatory sustainability practices. This study uses a sample of 98 basic materials sector companies in eleven Asia countries with 5 years study period from 2017-2021 as a research sample. Using panel-data regression analysis, this study finds that there is a positive relationship between ESG scores and CoE. Moreover, the government policy strengthens such a relationship. Therefore, consistent with coercive mechanism in insti
Cyrill Walters theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.
Abstract
Purpose: This study aims to investigate the effects of institutional qualities on corporate social responsibility (CSR) engagement from a global perspective. Design/methodology/approach: The authors examine CSR engagement across 83 developed and developing economies focusing on four potential institutional drivers: the rule of law, economic financial development, human capital formation and exposure to international trade. Findings: The authors find that the level of human capital formation and financial development is positively associated with CSR engagement in both developing and developed economies. However, the rule of law was only associated with CSR engagement in developing economies whereas the level of international trade was found having no association with CSR engagement across both developed economies and developing economies. Research limitations/implications: The effect of macroinstitutional qualities on aggregate CSR engagement practices across 83 developed a