Non-financial strategy disclosure and environmental, social and governance score: Insight from a configurational approach

被引:51
|
作者
Santamaria, Riccardo [1 ]
Paolone, Francesco [2 ]
Cucari, Nicola [1 ]
Dezi, Luca [3 ]
机构
[1] Sapienza Univ Rome, Dept Management, Via Castro Laurenziano 9, I-00161 Rome, Italy
[2] Mercatorum Univ, Rome, Italy
[3] Sapienza Univ Rome, Dept Commun & Social Res, Rome, Italy
关键词
disclosure measurements; ESG score; ESG strategy; non-financial information; non-financial reporting directive; qualitative comparative analysis; SUSTAINABLE DEVELOPMENT; STAKEHOLDER ENGAGEMENT; CORPORATE DISCLOSURE; RESPONSIBILITY; PERFORMANCE; QUALITY; CSR; DETERMINANTS; INFORMATION; IMPACT;
D O I
10.1002/bse.2728
中图分类号
F [经济];
学科分类号
02 ;
摘要
Evaluating the determinants of environmental, social and governance (ESG) score is significant for topic for academics and regulators and companies. Despite its importance, little attention has been paid to non-financial strategy disclosure and how to communicate non-financial information. However, in the recent years, attention to the topic has considerably increased as demonstrated, in the European context, by the introduction of the non-financial reporting directive in 2014. Therefore, it is important to analyse how the quantity and quality of disclosure influence the ESG score. To explore this relationship, a configurational analysis aimed at 31 Italian listed companies was studied by fuzzy-set qualitative comparative analysis. The results showed that there were three path types driving the ESG score and that integrated reporting played a highly significant role in promoting a high ESG score. Specifically, we show the importance of assessing the combinations of quality and quantity disclosures for ESG score through configurational thinking. These results provide a first theoretical basis for the effectiveness of disclosure measurements on ESG score, charting the future direction for environmental management studies.
引用
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页码:1993 / 2007
页数:15
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