文章基本信息

标题：Determinants of Corporate Environment, Social and Governance (ESG) Reporting among Asian Firms
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作者：Abdul Rahman, Rashidah ; Alsayegh, Maha Faisal
期刊名称：Journal of Risk and Financial Management
印刷版ISSN：1911-8074
出版年度：2021
卷号：14
期号：4
页码：1-13
DOI：10.3390/jrfm14040167
语种：English
出版社：MDPI, Open Access Journal
摘要：Departing from previous studies, which have mostly focused on Western countries, our work investigates the determinants of the corporate environment, social and governance (ESG) reporting among Asian firms. Examining Asian public listed firms from 2005 to 2017, our cross-sectional model results indicate that firm characteristics (economic performance, profitability, leverage and size) are found to disclose additional ESG information. The outcome is consistent with the legitimacy theory, which posits that firms provide higher ESG reporting to legitimize and justify the firm’s continuous existence. The findings are important for firms, stakeholders and policymakers. While firms may formulate ways to improve ESG reporting to compete in the international market, the stakeholders may pressure firms to disclose more information on ESG and policymakers to designalegal framework on ESG that suits firms in Asia.
关键词：corporate sustainability reporting; environment; social; governance; Asian companies; determinants; economic performance