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1 – 3 of 3Rui Guedes, Maria Elisabete Neves and Elisabete Vieira
The main goal of this paper is to analyse the impact of political connections and gender diversity shaping Environmental, Social and Governance (ESG) components’ effects on the…
Abstract
Purpose
The main goal of this paper is to analyse the impact of political connections and gender diversity shaping Environmental, Social and Governance (ESG) components’ effects on the performance of Iberian companies.
Design/methodology/approach
To achieve this aim, we have used panel data methodology, specifically the generalized method of moments system estimation method by Arellano and Bond (1991), using data from listed Iberian companies for the period between 2015 and 2020.
Findings
Our findings suggest that, although ESG components positively influence company performance, the presence of political connections weakens ESG commitments, compromising ethical standards and suggesting a lack of transparency or inadequate regulations. Our results also highlight that the presence of women on boards of directors has a nuanced impact on firm performance, as measured by the Market-to-Book ratio. While gender diversity interacts with ESG scores, external investors' perceptions may not always reflect immediate performance improvements.
Research limitations/implications
This work faces some limitations associated with challenges in securing comprehensive data for all variables, along with the complexity of acquiring information about political connections. Often, we had to rely on multiple sources and cross-reference the data to enhance its reliability. Another limitation for potential consideration or exploration in future research pertains to the omission of distinct industry sectors due to the limited number of companies, particularly notable in the context of Portugal.
Originality/value
Although there is a large volume of literature on the relationship between ESG and companies’ performance, as far as the authors are aware, this article is original and covers an important gap in the literature when considering political connections and board gender diversity impact on ESG components as determinants of the performance of Iberian companies.
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Ameen Qasem, Abdulalem Mohammed, Enrico Battisti and Alberto Ferraris
The aim of this study is to examine the ownership impact on firm sustainable investments (FSIs). In particular, this research examines the link between institutional investor…
Abstract
Purpose
The aim of this study is to examine the ownership impact on firm sustainable investments (FSIs). In particular, this research examines the link between institutional investor ownership (IIO), managerial ownership (MOWN) and FSIs in the tourism industry in Malaysia.
Design/methodology/approach
This study uses a data set of 346 firm-year observations from 2008 to 2020 and applies feasible generalized least squares (FGLS) regression analysis. The study sample is based on tourism firms listed on Bursa Malaysia (the Malaysian Stock Exchange).
Findings
There is a significant positive association between IIO and FSIs. When IIO is classified into foreign (FIIO) and local (LIIO), this significant association is mainly driven by FIIO. In addition, there is a significant, positive association between managerial ownership (MOWN) and firm sustainable investments (FSIs). These findings imply that firm ownership has an influence on FSIs in the tourism industry.
Originality/value
This is the first attempt to consider IIO and MOWN simultaneously in a single model estimation. The findings contribute to emerging capital markets where the involvement of ownership concentration in the governance of publicly listed firms is a common practice.
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Rusny Istiqomah Sujono, Reni Rosari, Claudius Budi Santoso and Akhmad Akbar Susamto
This study aims to examine publishing patterns regarding the incorporation of organizational learning in philanthropic organizations.
Abstract
Purpose
This study aims to examine publishing patterns regarding the incorporation of organizational learning in philanthropic organizations.
Design/methodology/approach
This study conducts a quantitative bibliometric analysis using Scopus database data from 1997 to 2024. The search terms “organizational learning” combined with “philanthropy,” “non-profit,” “nonprofit,” “charity,” “humanitarian” or “endowment” yielded 162 articles. The data were processed in RStudio using the Bibliometrix R package, specifically the Biblioshiny component.
Findings
The results of the bibliometric analysis indicate a significant increase in research interest in the theme of organizational learning within philanthropic organizations from 1997 to 2024. This analysis also elucidates the relationships among the most prolific authors based on the country of their affiliated universities, the collaborations that have taken place, the most cited documents, keywords and the scientific knowledge used.
Research limitations/implications
A comprehensive literature review will be valuable for future researchers aiming to build a robust conceptual framework. This study’s science mapping is limited to the Scopus database and languages.
Originality/value
To the best of the authors’ knowledge, this study is the first to describe research patterns focusing on organizational learning in philanthropic organizations.
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