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Article
Publication date: 8 February 2016

Natalia Semenova and Lars G. Hassel

Industries differ in their environmental impacts, such as emissions, water and energy use, fuel consumption and hazardous wastes, which will have implications for how…

2038

Abstract

Purpose

Industries differ in their environmental impacts, such as emissions, water and energy use, fuel consumption and hazardous wastes, which will have implications for how environmental performance translates to operating performance and market value at company level. By incorporating industry-specific differences of environmental impacts, this paper includes industry-level environmental risk as a moderating factor on the relationship between two indicators of corporate environmental performance (CEP) (management and policy) and corporate financial performance (profitability and market value). The paper aims to discuss these issues.

Design/methodology/approach

Using panel data of US companies across all industries, the paper empirically tests a regression model, which includes an interaction effect representing both the form and strength of dependency of CEP on the environmental risk of the industry. The paper adopts the natural resource based theory to argue that financial returns are a decreasing function of CEP in high environmental impact industries, where environmental spending beyond compliance is costly and there is not much opportunity for consumer orientation.

Findings

The results show that environmental management has different impacts on operating performance at high and low environmental risk of the industry (form of relationship) while environmental policy (reporting) has a stronger signal on market premium in industries with low rather than high environmental risk (strength of relationship). Differences in both form and strength of moderating effects are demonstrated.

Research limitations/implications

Further research can introduce other industry-specific moderating factors, such as the disclosure maturity of the industry and the institutionalization of environmental disclosures across boarders in the industries, in order to explore the complexity of the relationship.

Practical implications

The results of the paper are relevant to investors, company managers and a broad group of stakeholders when considering both industry- and company-level environmental risks.

Originality/value

Previous studies have relied on controlling for industry membership. This paper uses an industry-specific environmental variable, environmental risk of the industry, to examine the form and strength of moderating effects.

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Article
Publication date: 2 March 2020

Jean-Claude Mutiganda, Giuseppe Grossi and Lars Hassel

This paper aims to analyse the role of communication in shaping the mechanisms of accountability routines.

830

Abstract

Purpose

This paper aims to analyse the role of communication in shaping the mechanisms of accountability routines.

Design/methodology/approach

Conceptual elements of the theory of communicative action and the literature on routines were used to conduct a field study in two hospital districts in Finland, from 2009 to 2015. Data were based on interviews, document analysis, observed meetings and repeated contact with key informants.

Findings

The findings explain how accountability routines take different forms – weak or strong – in different organisations and at different hierarchical levels. Differences depend on the generative structures and mechanisms of the communicative process – relational and normative – used to give and ask information to and from organisation members involved in accountability relationships. An explorative finding is that discourse-based communication plays an important role in bridging the gap between weak and strong accountability routines. The main theoretical contribution is to conceptualise and show the role of communicative rationalities in shaping the mechanisms of accountability routines.

Practical implications

The implication for practitioners and policymakers is to show to what extent the organisation policies and communicative rationalities used in accountability have potential to improve or not to improve the practices of accountability routines. Mutual understanding, motivation and capacity of organisation members to do as expected and agreed upon without pressure improve accountability routines.

Originality/value

The value of this study is to explain how accountability routines take different forms in practice (weak or strong) in different organisations and at different hierarchical levels, depending on the generative structures of the communicative process used in practicing accountability routines.

Details

Qualitative Research in Accounting & Management, vol. 17 no. 3
Type: Research Article
ISSN: 1176-6093

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Article
Publication date: 18 September 2007

Thomas Carrington and Gustav Johed

The aim of this paper is to investigate how top management is constructed as a good steward of its company at the annual general meeting (AGM) and how accounting is used in the…

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Abstract

Purpose

The aim of this paper is to investigate how top management is constructed as a good steward of its company at the annual general meeting (AGM) and how accounting is used in the course of this process.

Design/methodology/approach

To meet these aims the authors attended 36 AGMs of Swedish listed companies. The interactions that occurred at the AGMs were analysed, using the theory of translation.

Findings

One‐third of all questions dealt with financial accounting issues, while the majority of the questions concerned non‐financial aspects of stewardship, i.e. company's efforts regarding environmental, equality and ethical issues.

Research limitations/implications

There is some concern that the complexity of accounting information may make shareholders feel remote from the company. However, AGMs provide a setting where the financial accounts can be complemented with verbal explanations and visual aids. This contextualizes the financial accounts and makes them understandable to an audience that includes many private investors. This contributed to the fact that accounting was discussed, questioned and referred to. Hence, accounting enables the stewardship function of the AGM.

Practical implications

Although AGMs have been the subject of criticism, they are still an important part of the corporate governance system. Since AGMs are live events, shareholders are able to pursue a topic with further questions, an option that is not available to other modes of corporate communication.

Originality/value

Whereas the AGM has been in the foreground in government inquiries and codes of conduct, it has been largely neglected in accounting research.

Details

Accounting, Auditing & Accountability Journal, vol. 20 no. 5
Type: Research Article
ISSN: 0951-3574

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Book part
Publication date: 11 May 2007

Jonathan Perraton

Institutions underpin the operation of national economies. These differ significantly between countries reflecting varying historical paths, policy choices and national cultures…

Abstract

Institutions underpin the operation of national economies. These differ significantly between countries reflecting varying historical paths, policy choices and national cultures. Moreover, they need to be understood systemically as an ensemble of relations between their component parts: financial systems, corporate governance, industrial relations, patterns of state intervention, etc., have evolved together so that their operation and effects tend to reinforce each other. Different countries faced by common exogenous changes will tend to evolve along different lines rather than converge. National institutions matter: they significantly affect economic performance and distribution.

Details

Capitalisms Compared
Type: Book
ISBN: 978-1-84950-414-0

Available. Content available
Article
Publication date: 1 August 2001

154

Abstract

Details

Microelectronics International, vol. 18 no. 2
Type: Research Article
ISSN: 1356-5362

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Article
Publication date: 1 September 2005

Joseph T. Kastantin

This paper proposes a revised analytical model for accounting professionals that can be used to evaluate the financial well being of innovative companies that rely on earnings…

5338

Abstract

This paper proposes a revised analytical model for accounting professionals that can be used to evaluate the financial well being of innovative companies that rely on earnings management practices (EM) for their growth. Through an analysis of corporate governance, financial reporting standards, and ratio analysis this paper reaches the conclusion that Enron extended previously researched earnings management practices that could have been detected in early 2000. Results of the analysis indicate that by using price book, price earnings multiple, net margin percentage, and return on assets, and taking into consideration the so‐called risk management activities which seemed to disguise highly volatile speculative derivative‐based activities, Enron was headed for implosion at least one year before its collapse.

Details

Managerial Finance, vol. 31 no. 9
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 1 July 1911

So far as the various British Food and Drugs Acts are concerned, the meaning of “sophistication” or “adulteration,” which includes “substitution,” is now very wide.

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Abstract

So far as the various British Food and Drugs Acts are concerned, the meaning of “sophistication” or “adulteration,” which includes “substitution,” is now very wide.

Details

British Food Journal, vol. 13 no. 7
Type: Research Article
ISSN: 0007-070X

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Article
Publication date: 1 January 1923

The Milk Order of 1922, issued by the Minister of Health in exercise of the powers conferred upon him by Section 3 of the Milks and Dairies (Amendment) Act of 1922, which came…

111

Abstract

The Milk Order of 1922, issued by the Minister of Health in exercise of the powers conferred upon him by Section 3 of the Milks and Dairies (Amendment) Act of 1922, which came into operation on the 1st January, 1923, provides a scheme whereby Milk may be graded and supplied under certain conditions of comparative bacteriological purity. The sale of ordinary milk will be unaltered by this new order and its distribution will remain subject to such regulations as may have been in operation prior to the Act of 1922. The object of the new Order is to ensure the production of certain grades of Milk under more or less strict supervision, and when the grave lack of sanitary conditions which is to be found on many of the farms where milk is produced, is remembered, it will be admitted that there exists a wide scope for improvement in the direction indicated.

Details

British Food Journal, vol. 25 no. 1
Type: Research Article
ISSN: 0007-070X

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Article
Publication date: 1 July 1919

In reading many recent articles on this subject, the writer has been struck with the fact that nowhere is there any reference to the vast amount of pioneer work done in this…

23

Abstract

In reading many recent articles on this subject, the writer has been struck with the fact that nowhere is there any reference to the vast amount of pioneer work done in this country during the last ten or twelve years by certain Public Analysts acting on behalf of the Health Committees of their local authorities. In the City of Hull, continuous attention has been given to this question since 1909, following the example of Chester (1906; Public Analyst, Mr. W. F. Lowe, F.I.C.)

Details

British Food Journal, vol. 21 no. 7
Type: Research Article
ISSN: 0007-070X

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Article
Publication date: 6 June 2016

Xuzhong Qin, Zongshui Wang, Hong Zhao and Lars Bo Kaspersen

This paper aims to help scholars know about the focus and frontier in the field of corporate social responsibility (CSR). Although related research in CSR started 60 years ago…

301

Abstract

Purpose

This paper aims to help scholars know about the focus and frontier in the field of corporate social responsibility (CSR). Although related research in CSR started 60 years ago, there is not much systematical literature review on CSR in recent years. This paper applies scientometric method, especially co-word analysis, to explore the frontier and focus of CSR in the twenty-first century, based on the articles from 2001 to 2014 in SSCI database.

Design/methodology/approach

In this paper, the authors first use the scientometric method and co-word analysis for keywords filtering and apply social network methodology to investigate the networks of high-frequency keywords and high-frequency authors.

Findings

The authors summarize the current state of CSR research in two aspects. By co-word analysis of high-frequency keywords, the findings show that the focus and frontier are highly related to CSR. Based on the findings of social network analysis, this paper concludes four important research directions and possible future research of CSR.

Originality/value

The findings in this paper will help scholars of CSR or other related fields to realize the focus and frontier of CSR and provide some guidance for their future research.

Details

Nankai Business Review International, vol. 7 no. 2
Type: Research Article
ISSN: 2040-8749

Keywords

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