FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4379280520> ?p ?o ?g. }

• W4379280520 endingPage "612" @default.
• W4379280520 startingPage "581" @default.
• W4379280520 abstract "Purpose Many emerging economy firms are under foreign owners' pressure to embrace the challenges of addressing corporate social responsibility (CSR) and consider adopting sustainability initiatives. However, it is not clear how foreign ownership plays a role to enable or inhibit these emerging economy firms from translating sustainability initiatives into improved financial performance. Utilizing neo-institutional theory, the authors argue that emerging economy firms that voluntarily report sustainability gain legitimacy in the eyes of shareholders and improve stock market performance. However, emerging economy firms may not have the resources to reconcile the internal stakeholders' various legitimacy requirements to promote sustainability practices, resulting in a negative association with accounting performance. Foreign ownership attenuates the relationship between sustainability reporting and firm performance due to the different legitimacy requirements in foreign markets. Design/methodology/approach To test the study’s hypotheses, the authors collected and analyzed a large sample of publicly listed firms between 2010 and 2016 in Taiwan where the types of foreign ownership include foreign trust funds, foreign financial institutions and other foreign legal entities. Regression analyses were conducted to investigate whether the firms that report their sustainable practices have better financial performance, including stock market performance and accounting performance. Additionally, a three-step procedure was employed to address the endogeneity issue with a binary explanatory variable. Findings The positive stock market reaction to the emerging economy firms' voluntary sustainability reporting supports legitimacy gained among investors. By contrast, sustainability reporting has a negative association with accounting performance due to the difficulty of reconciling different legitimacy requirements among various stakeholders in emerging economies. Further, foreign ownership, particularly the trust fund, exhibits a negative moderating effect on the relationship between sustainability reporting in aligning corporate practices with sustainable development goals (SDGs) and the company's stock market performance. Originality/value By examining the less tested contingent role played by foreign ownership in the emerging economy firms' sustainability reporting, the authors provide insights into the influence exerted by different types of foreign ownership on firms' financial performances beyond previous studies that focus on family ownership, state ownership, or managerial ownership in emerging economies. The findings shed light on corporate sustainability strategy and foreign direct investment policies for an emerging economy." @default.
• W4379280520 created "2023-06-05" @default.
• W4379280520 creator A5028655950 @default.
• W4379280520 creator A5045594996 @default.
• W4379280520 creator A5067481325 @default.
• W4379280520 date "2023-06-06" @default.
• W4379280520 modified "2023-09-23" @default.
• W4379280520 title "The cost of foreign ownership: Voluntary sustainability reporting and financial performance in an emerging economy" @default.
• W4379280520 cites W1751463869 @default.
• W4379280520 cites W1775235831 @default.
• W4379280520 cites W1906524532 @default.
• W4379280520 cites W1963499088 @default.
• W4379280520 cites W1965278510 @default.
• W4379280520 cites W1965307065 @default.
• W4379280520 cites W1973480282 @default.
• W4379280520 cites W1975438597 @default.
• W4379280520 cites W1975637155 @default.
• W4379280520 cites W1977516594 @default.
• W4379280520 cites W1978957061 @default.
• W4379280520 cites W1985721027 @default.
• W4379280520 cites W1993555513 @default.
• W4379280520 cites W2012531583 @default.
• W4379280520 cites W2013082864 @default.
• W4379280520 cites W2015405343 @default.
• W4379280520 cites W2020541333 @default.
• W4379280520 cites W2028033839 @default.
• W4379280520 cites W2030973088 @default.
• W4379280520 cites W2033390683 @default.
• W4379280520 cites W2037644588 @default.
• W4379280520 cites W2040756120 @default.
• W4379280520 cites W2051320665 @default.
• W4379280520 cites W2052851337 @default.
• W4379280520 cites W2063313351 @default.
• W4379280520 cites W2068087503 @default.
• W4379280520 cites W2078999914 @default.
• W4379280520 cites W2085472526 @default.
• W4379280520 cites W2085512995 @default.
• W4379280520 cites W2085869440 @default.
• W4379280520 cites W2086560845 @default.
• W4379280520 cites W2087995569 @default.
• W4379280520 cites W2091641601 @default.
• W4379280520 cites W2094369893 @default.
• W4379280520 cites W2096763160 @default.
• W4379280520 cites W2101031433 @default.
• W4379280520 cites W2108095820 @default.
• W4379280520 cites W2108818539 @default.
• W4379280520 cites W2114284982 @default.
• W4379280520 cites W2115854997 @default.
• W4379280520 cites W2125592905 @default.
• W4379280520 cites W2135590663 @default.
• W4379280520 cites W2152822037 @default.
• W4379280520 cites W2153784191 @default.
• W4379280520 cites W2163506883 @default.
• W4379280520 cites W2165022267 @default.
• W4379280520 cites W2166215547 @default.
• W4379280520 cites W2169018636 @default.
• W4379280520 cites W2177756622 @default.
• W4379280520 cites W2189900781 @default.
• W4379280520 cites W2217511197 @default.
• W4379280520 cites W2239713937 @default.
• W4379280520 cites W2290087702 @default.
• W4379280520 cites W2293279554 @default.
• W4379280520 cites W2302221396 @default.
• W4379280520 cites W2320573169 @default.
• W4379280520 cites W2364847610 @default.
• W4379280520 cites W2412243698 @default.
• W4379280520 cites W2483237556 @default.
• W4379280520 cites W2493849050 @default.
• W4379280520 cites W2512624662 @default.
• W4379280520 cites W2546636161 @default.
• W4379280520 cites W2564902343 @default.
• W4379280520 cites W2584372959 @default.
• W4379280520 cites W2593151889 @default.
• W4379280520 cites W2605025241 @default.
• W4379280520 cites W2610290324 @default.
• W4379280520 cites W2611622638 @default.
• W4379280520 cites W2612907924 @default.
• W4379280520 cites W2724242841 @default.
• W4379280520 cites W2767037931 @default.
• W4379280520 cites W2775787165 @default.
• W4379280520 cites W2788042691 @default.
• W4379280520 cites W2808727890 @default.
• W4379280520 cites W2869835311 @default.
• W4379280520 cites W2886589227 @default.
• W4379280520 cites W2888693527 @default.
• W4379280520 cites W2896195444 @default.
• W4379280520 cites W2898269684 @default.
• W4379280520 cites W2903509047 @default.
• W4379280520 cites W2918210555 @default.
• W4379280520 cites W2944847255 @default.
• W4379280520 cites W2949359037 @default.
• W4379280520 cites W2972813054 @default.
• W4379280520 cites W2990563782 @default.
• W4379280520 cites W2996910690 @default.
• W4379280520 cites W3023077707 @default.
• W4379280520 cites W3049032936 @default.
• W4379280520 cites W3087189786 @default.
• W4379280520 cites W3098499716 @default.

• next