Sustainability reporting and energy sectorial performance: developed and emerging economies
Purpose The purpose of this study is to investigate the relationship between the level of sustainability reporting [environmental, social and governance (ESG)] and sectorial energy performance across both developed and emerging economies. Design/methodology/approach Using data culled from 3,311 obse...
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| Veröffentlicht in: | International journal of energy sector management 2023-05, Vol.17 (4), p.739-760 |
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| container_title | International journal of energy sector management |
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| creator | Alhawaj, Abdulla Buallay, Amina Abdallah, Wael |
| description | Purpose
The purpose of this study is to investigate the relationship between the level of sustainability reporting [environmental, social and governance (ESG)] and sectorial energy performance across both developed and emerging economies.
Design/methodology/approach
Using data culled from 3,311 observations from 50 different countries over a ten-year period (2008–2017), an ESG-score-derived independent variable is regressed against dependent performance indicator variables (operation ratio, return on equity and Tobin’s Q). Two types of control variables complete the regression analysis in this study: firm-specific and macroeconomic.
Findings
The findings of this study elicited from the empirical results demonstrate that there is a significant relationship between ESG and operational performance (operation ratio). However, there is no significant relationship between ESG and financial performance (return on equity) and market performance (Tobin’s Q). However, the relationship between ESG and operation ratio is stronger in emerging than in developed economies.
Originality/value
The model in this study presents a valuable analytical framework for exploring sustainability reporting as a driver of performance across energy sectors in both developed and emerging economies. In addition, this study highlights energy-sectorial managerial implications contrasting developed, as juxtaposed with, emerging economies. |
| doi_str_mv | 10.1108/IJESM-10-2020-0020 |
| format | Article |
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The purpose of this study is to investigate the relationship between the level of sustainability reporting [environmental, social and governance (ESG)] and sectorial energy performance across both developed and emerging economies.
Design/methodology/approach
Using data culled from 3,311 observations from 50 different countries over a ten-year period (2008–2017), an ESG-score-derived independent variable is regressed against dependent performance indicator variables (operation ratio, return on equity and Tobin’s Q). Two types of control variables complete the regression analysis in this study: firm-specific and macroeconomic.
Findings
The findings of this study elicited from the empirical results demonstrate that there is a significant relationship between ESG and operational performance (operation ratio). However, there is no significant relationship between ESG and financial performance (return on equity) and market performance (Tobin’s Q). However, the relationship between ESG and operation ratio is stronger in emerging than in developed economies.
Originality/value
The model in this study presents a valuable analytical framework for exploring sustainability reporting as a driver of performance across energy sectors in both developed and emerging economies. In addition, this study highlights energy-sectorial managerial implications contrasting developed, as juxtaposed with, emerging economies.</description><identifier>ISSN: 1750-6220</identifier><identifier>EISSN: 1750-6220</identifier><identifier>EISSN: 1750-6239</identifier><identifier>DOI: 10.1108/IJESM-10-2020-0020</identifier><language>eng</language><publisher>Bradford: Emerald Publishing Limited</publisher><subject>Accounting ; Disclosure ; Empirical analysis ; Energy ; Energy industry ; Expenditures ; Hypotheses ; Independent variables ; Regression analysis ; Return on assets ; Stakeholders ; Stockholders ; Sustainability ; Sustainability reporting</subject><ispartof>International journal of energy sector management, 2023-05, Vol.17 (4), p.739-760</ispartof><rights>Emerald Publishing Limited</rights><rights>Emerald Publishing Limited.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c374t-ca6d7ced364d8e26d6457ac49309e6bffd2c036e8b9f43baa9c90d7cc2b3301d3</citedby><cites>FETCH-LOGICAL-c374t-ca6d7ced364d8e26d6457ac49309e6bffd2c036e8b9f43baa9c90d7cc2b3301d3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/IJESM-10-2020-0020/full/html$$EHTML$$P50$$Gemerald$$H</linktohtml><link.rule.ids>314,776,780,21675,27903,27904,53222</link.rule.ids></links><search><creatorcontrib>Alhawaj, Abdulla</creatorcontrib><creatorcontrib>Buallay, Amina</creatorcontrib><creatorcontrib>Abdallah, Wael</creatorcontrib><title>Sustainability reporting and energy sectorial performance: developed and emerging economies</title><title>International journal of energy sector management</title><description>Purpose
The purpose of this study is to investigate the relationship between the level of sustainability reporting [environmental, social and governance (ESG)] and sectorial energy performance across both developed and emerging economies.
Design/methodology/approach
Using data culled from 3,311 observations from 50 different countries over a ten-year period (2008–2017), an ESG-score-derived independent variable is regressed against dependent performance indicator variables (operation ratio, return on equity and Tobin’s Q). Two types of control variables complete the regression analysis in this study: firm-specific and macroeconomic.
Findings
The findings of this study elicited from the empirical results demonstrate that there is a significant relationship between ESG and operational performance (operation ratio). However, there is no significant relationship between ESG and financial performance (return on equity) and market performance (Tobin’s Q). However, the relationship between ESG and operation ratio is stronger in emerging than in developed economies.
Originality/value
The model in this study presents a valuable analytical framework for exploring sustainability reporting as a driver of performance across energy sectors in both developed and emerging economies. In addition, this study highlights energy-sectorial managerial implications contrasting developed, as juxtaposed with, emerging economies.</description><subject>Accounting</subject><subject>Disclosure</subject><subject>Empirical analysis</subject><subject>Energy</subject><subject>Energy industry</subject><subject>Expenditures</subject><subject>Hypotheses</subject><subject>Independent variables</subject><subject>Regression analysis</subject><subject>Return on assets</subject><subject>Stakeholders</subject><subject>Stockholders</subject><subject>Sustainability</subject><subject>Sustainability reporting</subject><issn>1750-6220</issn><issn>1750-6220</issn><issn>1750-6239</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNptkU9LwzAYh4MoOKdfwFPBc_VN0qWpNxlTJxMP05OHkiZvR0fb1KQT9u1N7UAFL_kDz_N7yS-EXFK4phTkzfJpsX6OKcQMGMQQliMyoekMYsEYHP86n5Iz77cAQiapnJD39c73qmpVUdVVv48cdtb1VbuJVGsibNFt9pFH3VtXqTrq0JXWNarVeBsZ_MTadmhGtgnsIKK2rW0q9OfkpFS1x4vDPiVv94vX-WO8enlYzu9WseZp0sdaCZNqNFwkRiITRiSzVOkk45ChKMrSMA1coCyyMuGFUpnOIBiaFZwDNXxKrsbcztmPHfo-39qda8PInEnKJZMSaKDYSGlnvXdY5p2rGuX2OYV8KDH_LnG4DSXmQ4lBikZpeFTlfxQ5S3jIFWlA6AEJBaja_B_752_4Fxe7gB8</recordid><startdate>20230518</startdate><enddate>20230518</enddate><creator>Alhawaj, Abdulla</creator><creator>Buallay, Amina</creator><creator>Abdallah, Wael</creator><general>Emerald Publishing Limited</general><general>Emerald Group Publishing Limited</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>8AF</scope><scope>8FE</scope><scope>8FG</scope><scope>ABJCF</scope><scope>AEUYN</scope><scope>AFKRA</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>BHPHI</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>HCIFZ</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>L6V</scope><scope>M0C</scope><scope>M1Q</scope><scope>M2O</scope><scope>M2P</scope><scope>M7S</scope><scope>MBDVC</scope><scope>PATMY</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>PYCSY</scope><scope>Q9U</scope></search><sort><creationdate>20230518</creationdate><title>Sustainability reporting and energy sectorial performance: developed and emerging economies</title><author>Alhawaj, Abdulla ; Buallay, Amina ; Abdallah, Wael</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c374t-ca6d7ced364d8e26d6457ac49309e6bffd2c036e8b9f43baa9c90d7cc2b3301d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Accounting</topic><topic>Disclosure</topic><topic>Empirical analysis</topic><topic>Energy</topic><topic>Energy industry</topic><topic>Expenditures</topic><topic>Hypotheses</topic><topic>Independent variables</topic><topic>Regression analysis</topic><topic>Return on assets</topic><topic>Stakeholders</topic><topic>Stockholders</topic><topic>Sustainability</topic><topic>Sustainability reporting</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Alhawaj, Abdulla</creatorcontrib><creatorcontrib>Buallay, Amina</creatorcontrib><creatorcontrib>Abdallah, Wael</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>STEM Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>Materials Science & Engineering Collection</collection><collection>ProQuest One Sustainability</collection><collection>ProQuest Central UK/Ireland</collection><collection>Agricultural & Environmental Science Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>Technology Collection</collection><collection>Natural Science Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>SciTech Premium Collection</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ProQuest Engineering Collection</collection><collection>ABI/INFORM Global</collection><collection>Military Database</collection><collection>Research Library</collection><collection>Science Database</collection><collection>Engineering Database</collection><collection>Research Library (Corporate)</collection><collection>Environmental Science Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>Engineering Collection</collection><collection>Environmental Science Collection</collection><collection>ProQuest Central Basic</collection><jtitle>International journal of energy sector management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Alhawaj, Abdulla</au><au>Buallay, Amina</au><au>Abdallah, Wael</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Sustainability reporting and energy sectorial performance: developed and emerging economies</atitle><jtitle>International journal of energy sector management</jtitle><date>2023-05-18</date><risdate>2023</risdate><volume>17</volume><issue>4</issue><spage>739</spage><epage>760</epage><pages>739-760</pages><issn>1750-6220</issn><eissn>1750-6220</eissn><eissn>1750-6239</eissn><abstract>Purpose
The purpose of this study is to investigate the relationship between the level of sustainability reporting [environmental, social and governance (ESG)] and sectorial energy performance across both developed and emerging economies.
Design/methodology/approach
Using data culled from 3,311 observations from 50 different countries over a ten-year period (2008–2017), an ESG-score-derived independent variable is regressed against dependent performance indicator variables (operation ratio, return on equity and Tobin’s Q). Two types of control variables complete the regression analysis in this study: firm-specific and macroeconomic.
Findings
The findings of this study elicited from the empirical results demonstrate that there is a significant relationship between ESG and operational performance (operation ratio). However, there is no significant relationship between ESG and financial performance (return on equity) and market performance (Tobin’s Q). However, the relationship between ESG and operation ratio is stronger in emerging than in developed economies.
Originality/value
The model in this study presents a valuable analytical framework for exploring sustainability reporting as a driver of performance across energy sectors in both developed and emerging economies. In addition, this study highlights energy-sectorial managerial implications contrasting developed, as juxtaposed with, emerging economies.</abstract><cop>Bradford</cop><pub>Emerald Publishing Limited</pub><doi>10.1108/IJESM-10-2020-0020</doi><tpages>22</tpages></addata></record> |
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| issn | 1750-6220 1750-6220 1750-6239 |
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| source | Standard: Emerald eJournal Premier Collection |
| subjects | Accounting Disclosure Empirical analysis Energy Energy industry Expenditures Hypotheses Independent variables Regression analysis Return on assets Stakeholders Stockholders Sustainability Sustainability reporting |
| title | Sustainability reporting and energy sectorial performance: developed and emerging economies |
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