Corporate Practices Research Articles

Assessing Financial Distress Drivers: Financial Metrics and Corporate Practices in Indonesian Manufacturing Companies

Assessing Financial Distress Drivers: Financial Metrics and Corporate Practices in Indonesian Manufacturing Companies

Driving green innovation: assessing the impact of environmental tax policies and green finance on heavily polluting industries

Purpose The purpose of this paper assess the impact of the green finance pilot reform on corporate green innovation, leveraging the establishment of the China green finance pilot reform in 2018 as a quasi-natural experiment. Design/methodology/approach This study investigates the effects of environmental policies on green innovation, utilising a substantial data set from Chinese A-share listed firms over the 2015–2019 period. Employing both double and triple difference models, it focuses on how tax reforms influence green patent filings among these firms. Findings The study confirms that environmental tax policies and green finance initiatives significantly boost green patent filings in pollution-intensive industries. Findings from the regression analysis show robust positive effects from these policies, supporting the idea that stringent environmental regulations can spur innovation by offsetting regulatory costs. Financial health indicators like asset logs and return on assets positively correlated with innovation, emphasising the importance of financial stability. In addition, increased RandD spending is linked to enhanced green innovation, highlighting that financial investment in research is crucial for overcoming innovation barriers. These insights are crucial for shaping policies that integrate sustainability into corporate practices. Originality/value This research contributes to the literature by highlighting traditional views on the economic burden of environmental taxes and demonstrating their role as significant drivers of innovation. It deepens insights into strategically optimising fiscal tools to promote environmentally sustainable economic activities. In addition, it offers a practical framework for policymakers to improve ecological outcomes through effective fiscal strategies.

Do religious values mitigate the effect of formal corporate governance rules on earnings management in Islamic countries? Evidence from Jordan

Purpose This study aims to assess the board of directors’ effectiveness in curbing earnings management (EM) in Jordan, a country where Islamic religious values strongly influence corporate practices. Design/methodology/approach Using a sample of 51 Amman Stock Exchange-listed firms from 2012 to 2022, generalised least squares regression is used to examine the association between board characteristics and EM. Findings Most board characteristics do not significantly affect EM. Interestingly, board activity is significantly and positively associated with EM, suggesting that the board’s monitoring function has been relegated to a secondary role. Research limitations/implications Formal corporate governance mechanisms may prove ineffective, as their effectiveness in limiting EM is undermined by informal rules. Practical implications Regulators should adapt corporate governance rules to the context in which they are embedded. Greater attention to religious dynamics could improve board oversight effectiveness. Originality/value This study provides a new perspective to analyse the relationship between corporate governance and EM. To the best of the authors’ knowledge, this is among the first studies to explore this issue within the context of Islamic countries.

Commercial determinants of health: a new framework for studying relationships between food corporations and food charities in the UK

Relationships between food charities and commercial partners have been extensively critiqued by food charity scholars, particularly those that involve food corporations supporting charitable hunger relief whilst at the same time holding power over key drivers of food insecurity. This has important implications for health-related research on food charity that involves input from corporate donors. This paper argues that there is an opportunity to expand the field of health research on food insecurity and food charity by engaging with the Commercial Determinants of Health (CDoH) framework, to provide a new way of theoretically and analytically framing evidence and critiques on food charity with corporate involvement. The paper puts the CDoH framework into practice through an empirical study of food charity – food corporation relationships in the UK.Through the CDoH analysis, the findings reveal the different corporate practices that are employed in these relationships, and the disparity between these and the practices corporations could be using the address food insecurity. The framework provides important new avenues for research to further evidence and explore the deep ironies and inequalities embedded in these relationships, and the ways in which corporations leverage charitable efforts to improve their image, whilst holding significant power over key drivers of the very food insecurity that these charities seek to relieve..By applying the CDoH framework, research on food insecurity, food charity and the role of corporations can play an active part in the wider moves in public health towards understanding the impact of corporate entities and interests on health and equity.

The impact of environmental, social, and governance (ESG) rating disparities on corporate risk: The mediating role of financing constraints

As global concerns over climate change and sustainability grow, Environmental, Social, and Governance (ESG) factors have become critical in evaluating corporate practices. In China, the increasing adoption of ESG ratings by investors has highlighted discrepancies in these ratings, which may impact corporate risk. While extensive research exists on ESG performance, the effects of ESG rating disparities on corporate risk, particularly in Chinese enterprises, remain underexplored, especially the mediating role of financing constraints. Utilizing data from Chinese A-share listed companies from 2015 to 2022, this study examines the impact of Environmental, Social, and Governance (ESG) rating disparities on corporate risk, focusing on the mediating role of financing constraints. The findings indicate that discrepancies in ESG ratings significantly increase corporate risk, particularly in non-state-owned enterprises and heavily polluting industries, while having no significant impact on state-owned enterprises. Discrepancies in governance ratings exert the greatest impact on corporate risk, underscoring the critical role of corporate governance. Financing constraints further exacerbate the impact of rating discrepancies on corporate risk. These results provide new insights into enhancing the ESG rating system and mitigating corporate risk, offering a foundation for relevant policy-making.

Corporate Governance: A Best Practice for the Sustainable Success in the Indian Context

Corporate governance is a cornerstone of effective business operations and sustainability. The paper explores the fundamental principles, benefits, challenges, and best practices of corporate governance, highlighting its critical role in fostering accountability, transparency, and long-term value creation. Principles of Corporate Governance mainly aim to support listed companies access financing from capital markets as well as protect investors, and to support companies' sustainability. The study also focuses on the benefits of best corporate practices and also highlights the best practices of the companies. The paper seeks to address the challenges by identifying key problem areas, analysing their impacts, and offering recommendations to enhance governance structures and practices. Finally, the study made a keen analysis on the extent to which the Indian companies implemented the so called best practices for the sake of the protection of its investors. The study ends with the note that the implementation of the best corporate governance practices is not free from challenges.

Greening corporate practices: a review of tax and subsidy influence on pro-environmental behaviors across industries

PurposeThis study examines conditions under which taxes and subsidies designed to mitigate corporate environmental impact positively influence corporate pro-environmental behavior (CPEB) adoption, considering unique dynamics within different industries.Design/methodology/approachA systematic literature review was conducted on 171 articles. Articles were coded using an inductive grid for comprehensive examination.FindingsTaxes generally positively influence CPEB adoption, but reduced positive or even negative effects can arise. Subsidies, while often facilitating the achievement of environmental goals, variously impact CPEB. Explanations for variations include the level of taxation or subsidy, economic agent affected, subsidy source, nature of subsidy, factors external to tax or subsidy characteristics and conflicting environmental objectives. We suggest research avenues for each aspect, to enhance literature on the influence of tax policies on promoting CPEB.Practical implicationsBeyond general tax-policy considerations, we provide policymakers with recommendations for tax policies designed to promote CPEB.Originality/valueWe examine the distinctive effects of taxes and subsidies on CPEB adoption within diverse industries ((re)manufacturing, agriculture, shipping, automobile, freight transport and power generation). We compare specific effects across industries, and advocate detailed exploration of recurrent elements identified, emphasizing their potential significance in designing taxes and subsidies that promote CPEB.

Determinants of Successful Femvertising in the Lingerie Industry: A Case Study on VS Collective and Aerie Real

With the rise of the feminist movement in recent years, many brands began to adhere to the movement's values, launching campaigns focused on inclusion, diversity, and women's empowerment, which became known as femvertising. However, there is a lack of research exploring how brands that adhere to similar feminist principles in their respective advertising are received differently by the public. This study aims to fill this literature gap and contribute to the growing body of research by investigating how femvertising principles are incorporated into the advertising strategies of Victoria’s Secret and American Eagle Outfitters (AEO). To this end, this study relies on a comparative analysis of these two prominent brands within the lingerie industry. The findings of this study reveal that a key marker of authenticity, and therefore one of the main determinants of the success of a feminist campaign, is the coherence of advertising messages with the brand's corporate practices, products, and social initiatives.

Embodied and Sensorial Methodologies for Researching Performance: Kinesthetic Empathy

This video article shows some of the embodied methodologies during fieldwork researching the corporeal practices by Catalonian artist Fina Miralles (b.1950). I made use of my own performances, feldenkrais and 5Rythms dance; re-create some performances in the sites that took place, extensive archival work, film during fieldwork, and conversations with the artist and curatorial practices. This research-creation process provides a genuine tool to develop a corporeal methodology focused on kinesthesia and kinesthetic empathy.

Regulatory effects of environmental protection tax law on corporate practices in China

This study focuses on the regulatory effects of China's Environmental Protection Tax Law (EPTL) on corporate practices. Furthermore, it examines the impact of this tax law on firm financial performance mediated by firm environmental, social, and governance (ESG) performance and firm innovation. Our findings indicate that the EPTL positively influences financial outcomes, with ESG and innovation as critical intermediaries. Recommendations include refining the EPTL by providing increased incentives for firms to adopt ESG practices and invest in innovation, fostering a stronger alignment between environmental legal frameworks and corporate behavior.

Do green investments impact corporate green innovation?empirical evidence from Chinese-listed companies

The rapid expansion of the global economy has exacerbated environmental concerns, thereby prompting a shift in resource allocation from polluting industries to green sectors. This transition is pivotal for sustainable development, with capital playing a central role in mobilizing resources to foster green innovation. This study examines data from Chinese-listed companies between 2012 and 2022 to evaluate the impact of green investment on corporate green innovation. The analysis incorporates a comprehensive review of financial records and innovation metrics to establish a correlation between investment and innovation outcomes. The findings reveal a positive correlation between increased green investment and enhanced green innovation, with a more pronounced effect observed in private enterprises and industries characterized by high competition. Green investment primarily stimulates innovation by alleviating financial constraints. These results emphasize the crucial role of green investment in promoting sustainable corporate practices. Furthermore, they provide valuable insights for policymakers in formulating effective green investment strategies, which are essential for China’s transition toward a green economy.

CSR Strategies for Promoting Sustainable Development in the Emerging Market: An Analytical Study

Business can now address significant social environmental and economic issue under the framework of corporate social responsibility (CSR) this is especially true as corporate ethics and sustaianbility become more widely recognized. With rapid technological advancement, economic expansion and urbanization frequently accompanied by environmental degredation, social inequality, and governance problem, corporate social responsibility is crucial to fostering sustainable development in emerging economies. A weak regulatory structure, scarce resources and the stakeholder participation are some of the particular difficulties this sector faces. Years are covered in this study to examine how multinational corporations are implementing CSR initiatives in emerging economies in order to match them with the sustainable development goals ( SDGs) of the UN. They will focus on issues including social justice environmental sustainability, and poverty alleviation. Using case studies from the emerging economies, the article thoroughly examines the unique opportunities and problems associated with the application of CSR in emerging markets, where striking a balance between responsible corporate practice and economic success is crucial. This article gives useful insights into how CSR can be effectively used to promote long term economic growth, boost public wellbeing and assure environmental sustainability creating innovation, establishing strategic networks, incorporating CSR into core company strategy and promoting sustainable development. They also emphasize how crucial it is to boost stake holder participation in order to improve results.

Is woke advertising necessarily woke-washing? How woke advertising and (mis)aligned corporate practices influence perceived woke-washing

Increasingly, companies practice woke advertising, thereby taking a public stand on issues of social justice. However, these woke advertising campaigns are often followed by accusations of woke-washing from consumers. This research investigates what makes consumers perceive that a company engages in woke-washing and how they respond to such perceived woke-washing. Through three experiments, we show that woke advertising in and of itself makes consumers perceive that the company engages in woke-washing, regardless of the actual corporate practices. We also find that perceived woke-washing leads to lower trust in the brand and a less favorable brand attitude. This effect is moderated by attitude toward social justice: The more in favor of social justice consumers are, the stronger the negative effect of perceived woke-washing on brand trust and attitude. In sum, woke advertising is a risky practice as consumers are likely to view it as woke-washing, which damages brand trust and attitude.

Gender Diversity and Sustainability Performance of Companies Listed on the IDX

This study investigates the impact of female directors and commissioners on the sustainability performance of companies listed on the Indonesia Stock Exchange (IDX). Drawing on previous research, it explores how gender diversity on corporate boards influences sustainability performance across three dimensions: financial, environmental, and social performance. The sample includes 56 non-financial companies listed on the IDX over the period 2019-2021. To analyze the data, the study employs Ordinary Least Squares (OLS) and regression analysis on panel data samples. The results suggest that increasing the proportion of women on boards leads to improvements in both economic and social performance. Specifically, female board members demonstrate a stronger focus on social and economic issues related to stakeholders than their counterparts on boards of commissioners. This finding highlights the importance of gender diversity in driving better engagement and decision-making within companies. This study contributes to the growing body of literature on gender diversity in non-financial companies and underscores the need for a strategic approach to board composition. It suggests that companies should prioritize the right balance of female members on both boards of directors and commissioners to enhance overall sustainability performance. The practical implication of these findings is that policymakers and regulators should actively encourage gender diversity, as it can lead to more sustainable and responsible corporate practices.

Artificial intelligence adoption and corporate green innovation capability

The necessity of addressing climate change has promoted green innovation in corporate and policy agendas, while artificial intelligence (AI) has transformed business operations across sectors. This study examined the impact of AI adoption on green innovation capability in Chinese-listed companies. We focused on the mediating roles of financing constraints and agency costs. The findings indicate a significant positive relationship between AI adoption and green innovation capability by analyzing 30,572 firm–year observations from 2010 to 2022 through a two-way fixed-effects model, mediation analysis, and heterogeneity tests. Reduced financing constraints and agency costs partially mediated the relationship. Heterogeneity analysis reveals that AI adoption's impact was strongest for firms in growth stages and non-state-owned enterprises. These findings elucidate how technological advancements drive sustainable corporate practices contingent upon organizational life cycles and ownership structures.

Developing Green Marketing Strategies: A Comprehensive Analysis of Consumer Behaviour and Business Practices

The purpose of this research is to examine the relationship between green marketing communication techniques, consumer behaviour patterns, and business organisations’ practices by employing both qualitative and quantitative methodologies. A hypothesized quantitative survey with 500 consumers and a qualitative case study of leading organisations to assess modern tendencies and approaches were carried out. The quantitative analysis shows that 70% of the consumers take environmental concern while purchasing products, but only 45% are ready to pay the premium price for green products. Moreover, there is a low level of confidence in green claims where only 30% of the consumers are confident that firms have sincere intentions about the statements they make. An analysis of Nike, Starbucks, and Toyota, Apple, and Microsoft organizations shows that they incorporate different strategies in supply chain management, carbon footprint, corporations’ responsibility, and customer relations. Some of these firms focus on the promotion of the company’s transparency, product sourcing based on an ethical approach, encouragement of the use of renewables, as well as community involvement in fulfilling sustainable objectives. Thus, the study also stresses the importance of clarity within communication channels and information reliability for the development of consumers’ trust. It defines factors like the cost and every person’s doubt or disbelief in what is green that prevents an extensive use of green products. Altogether, this research contributes useful knowledge for companies wanting to implement suitable green marketing initiatives that would be appealing to eco-aware consumers. It is clear that implementing corporate practice according to the customer expectation and practicing transparency would not only increase the brand value but also the customer loyalty and which in longer runs would also help in supporting and implementing sustainable development goals across the world.

Importancia de la formación docente: valoración de los estudiantes de los profesorados de una universidad pública

The initial training process aims to train professionals capable of performing in the workplace. The objective of the study was to describe the assessment of teacher training at a public university (Córdoba, Argentina) from the student perspective (N=254), of four teaching courses that involve artistic-corporal knowledge and practices. Using an ad-hoc questionnaire, some indicators of the training process were investigated, such as difficulties in taking the course and satisfaction with the training received. The level of difficulty of all training fields is rated as moderate, being higher in teaching practice. There is greater satisfaction with training practices than with theoretical and methodological teaching. The level of conformity seems to be linked to the reasons for choosing the course: personal taste and specific corporal practices. It is concluded that the assessment that students make of their training is positive in all courses.

Research Dynamics and Frontiers of Environmental, Social, and Governance Disclosure: Bibliometric Visual Analysis Based on CiteSpace

Abstract: With the increasing global attention on sustainable development and corporate social responsibility, studying the dynamics and frontiers of Environmental, Social, and Governance (ESG) disclosure is of great significance to academia, corporate practice, and policy-making. This study employs CiteSpace for bibliometric visual analysis, utilizing methods such as keyword co-occurrence analysis, cluster analysis, and research theme evolution analysis to comparatively analyze the differences in ESG research between domestic and international contexts. The study reveals the hotspots, trends, and development directions of ESG disclosure research. The findings indicate a steady growth in the number of publications in the ESG disclosure research field, with research themes shifting from singular environmental information disclosure to a more comprehensive focus on social responsibility and governance structures. This study not only provides researchers with new perspectives, expanding and deepening the themes of ESG research, but also offers references for companies to enhance ESG disclosure and for policy-making, thus holding significant theoretical and practical implications.

Linking sustainability reporting and energy use through global reporting initiative standards and sustainable development goals

AbstractThis paper addresses the critical need for an integrated approach to sustainability reporting by examining the transition from internal combustion engine vehicles to electric vehicles within the automotive industry. By focusing on the top 8 highest-revenue global automakers in 2022, the study utilizes the Global Reporting Initiative (GRI) standards and United Nations Sustainable Development Goals to assess contributions to SDG 7 (affordable and clean energy) and other pertinent indicators. A comprehensive content analysis and logistic regression analysis are employed to explore the correlation between energy use and compliance with GRI standards from 2018 to 2022. The findings reveal significant trends in sustainability reporting, with a noted decrease in quality in the final year analyzed. Specifically, GRI 302-3 (energy intensity) shows a significant negative relationship with energy consumption, indicating higher energy usage correlates with lower compliance. The study reinforces the necessity for more transparent and effective sustainability reporting frameworks to enhance corporate practices and drive progress toward sustainability goals. Graphical abstract

ESG risk management in banks – towards its measurement

The concept of sustainable development has been gaining importance and increasing society's awareness of the need to stop climate change, inequality, social exclusion, and inappropriate corporate practices. Banks increasingly integrate ESG objectives into their business activity. However, it is associated with their exposure to a new type of risk – the ESG risk. ESG risk management for banking institutions has now become not only a fashion and trend but an obligation that they have to fulfil. The main aim of the article is to identify ESG risk and methods of quantification, as well as to assess the exposure to ESG risk of commercial banks in Poland. That’s why the paper presents an in-depth literature review in the field of ESG concept and ESG risk in banks. Then, it describes the adopted methodology of the empirical research. The third section covers a presentation of the obtained results, which include the analysis of ESG risk exposure of the largest banks in the world and selected commercial banks in Poland, mainly based on the volume of the carbon footprint they generate and finally, ESG risk ratings for Polish banks. The following research methods were used in the article: literature studies, case study analysis, observation methods and synthesis methods. The empirical research that was conducted allowed the verification of the research hypothesis, stating that commercial banks in Poland are aware of the need to measure and monitor ESG risk increases. The research indicated that some of the banks in Poland are at an advanced stage of ESG risk management, while the rest of them are just starting their activities in this area. Currently, banks' involvement in ESG issues globally is one of the leading market trends. It becomes not only an option but an imperative for institutions wishing to maintain their market position. Therefore, commercial banks in Poland can and should participate in the implementation of sustainable development assumptions in the coming years.