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Sustainability of Nasdaq-listed companies : the effects of participation in the UNGC

Treść / Zawartość
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Warianty tytułu
PL
Zrównoważona spółka wymieniona na Nasdaq : skutki uczestnictwa w UNGC
Języki publikacji
EN
Abstrakty
EN
The concept of corporate sustainability development requires an integrated approach to the environmental, social and economic aspects of enterprise activities, but so far, there has been a lack of research on the situation of enterprises of Baltic countries, listed on the stock exchange. This study aims to identify how integral factors, showing corporate sustainability, are reflected in the reports of Nasdaq-listed enterprises that participate in the UN Global Compact. Employing the content analysis method, the publicly available information of 12 companies, 6 of which are listed on a stock exchange, is compared. The research results show that the reports of enterprises listed on the stock exchange correspond to the principles of UNGC more comprehensively, but, despite the publicly declared social and human rights policy, significant shortcomings in the areas of abolition of forced labour and child labour, the freedom of association and human rights have been identified and compared with unlisted enterprises. It is concluded that stock exchange listing may have a greater impact on corporate transparency, but the UNGC principles are a valuable tool for evaluating the consistency of enterprises in their commitment to sustainable business development.
PL
Koncepcja zrównoważonego rozwoju przedsiębiorstw wymaga zintegrowanego podejścia do środowiskowych, społecznych i ekonomicznych aspektów działalności przedsiębiorstw, ale do tej pory brak jest badań dotyczących sytuacji przedsiębiorstw z krajów bałtyckich notowanych na giełdzie. Niniejsze badanie ma na celu określenie, w jaki sposób czynniki integrukące, pokazujące zrównoważony rozwój przedsiębiorstw, znajdują odzwierciedlenie w raportach przedsiębiorstw notowanych na giełdzie Nasdaq, które uczestniczą w Global Compact ONZ. Stosując metodę analizy treści, publicznie dostępnych informacji 12 firm, z których 6 jest notowanych na giełdzie, dokonuje sie porównania. Wyniki badań pokazują, że raporty przedsiębiorstw notowanych na giełdzie są bardziej kompleksowe zgodne z zasadami UNGC, ale pomimo publicznie ogłoszonej polityki społecznej i praw człowieka znaczące niedociągnięcia w zakresie zniesienia pracy przymusowej i pracy dzieci, określono wolność zrzeszania się i prawa człowieka oraz w porównaniu z przedsiębiorstwami nienotowanymi na giełdzie Stwierdzono, że notowania giełdowe mogą mieć większy wpływ na przejrzystość przedsiębiorstw, ale zasady UNGC są cennym narzędziem do oceny spójności przedsiębiorstw w ich zaangażowaniu w zrównoważony rozwój biznesu.
Rocznik
Strony
87--103
Opis fizyczny
Bibliogr. 48 poz., tab.
Twórcy
  • Vytautas Magnus University, Faculty of Economics and Management
  • Vytautas Magnus University, Faculty of Economics and Management
  • Vytautas Magnus University, Faculty of Economics and Management
  • Vytautas Magnus University, Faculty of Economics and Management
Bibliografia
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  • 5. Buys L., Mengersen K., Johnson S., van Buuren N., Chauvin A., (2014). Creating a Sustainability Scorecard as a predictive tool for measuring the complex social, economic and environmental impacts of industries, a case study: Assessing the viability and sustainability of the dairy industry. Journal of Environmental Management, 133, 184-192.
  • 6. Byrne E. F., (2014). Towards Enforceable Bans on Illicit Businesses: From Moral Relativism to Human Rights. Journal of Business Ethics, 119(1), 119-130.
  • 7. Byun H., Kim T., (2017). Identity Claims and Diffusion of Sustainability Report: Evidence from Korean Listed Companies, 2003-2010. Journal of Business Ethics, 140, 551-565.
  • 8. Camilleri M., (2015). Valuing Stakeholder Engagement and Sustainability Reporting. Corporate Reputation Review, 18, 210-222.
  • 9. Chen Y-C., Hung M., Wang Y., (2018). The effect of mandatory CSR disclosure on firm profitability and social externalities: Evidence from China. Journal of Accounting and Economics, 65(1), 169-190.
  • 10. De Lange D. E., Busch T., Delgado-Ceballos J., (2012). Sustaining sustainability in organizations. Journal of Business Ethics, 110(2), 151-156.
  • 11. Evangelinos K., Skouloudis A., (2014). European perspectives on corporate non-financial disclosure: Evidence from the Southeast. International Journal of Disclosure and Governance, 11(1), 33-53.
  • 12. Florea L., Cheung Y. H., Herndon N. C., (2013). For all good reasons: Role of values in organizational sustainability. Journal of Business Ethics, 114(3), 393-408.
  • 13. Freeman I., Hasnaoui A., (2011). The Meaning of Corporate Social Responsibility: The Vision of Four Nations. Journal of Business Ethics, 100(3), 419-443.
  • 14. Furrer O., Egri C. P., Ralston D. A., Dani, W. M., Reynaud E., Naoumova I., Molteni M., Starkus A., Darder F. L., Dabic M., Furrer-Perrinjaquet A., (2010). Attitudes toward Corporate Responsibilities in Western Europe and in Central and East Europe. Management International Review, 50(3), 379-398.
  • 15. Gardberg N. A., Fombrun C. J., (2006). Corporate citizenship: Creating intangible assets across institutional environments. Academy of Management Review, 31, 329-346.
  • 16. Gimenez C., Sierra V., Rodon J., (2012). Sustainable operations: Their impact on the triple bottom line. International Journal of Production Economics, 140(1), 149-159.
  • 17. Glavas A., Mish J., (2015). Resources and Capabilities of Triple Bottom Line Firms: Going over Old or Breaking New Ground? Journal of Business Ethics, 127(3), 623-642.
  • 18. Hess D., (2007). Social Reporting and New Governance Regulation: The Prospects of Achieving Corporate Accountability Through Transparency. Business Ethics Quarterly, 17(3), 453-476.
  • 19. Huang H., Wu D., Gaya J., (2017). Chinese shareholders’ reaction to the disclosure of environmental violations: a CSR perspective. International Journal of Corporate Social Responsibility, 2(1), 2-12.
  • 20. Humbert F., (2019). Sustainability Reporting: A Critical Assessment of the E.U. CSR Directive and Its German Implementation from a Human Rights Perspective. Schmalenbach Business Review, 71, 279-285.
  • 21. Janney J. J., Dess G., Forlani V., (2009). Glass Houses? Market Reactions to Firms Joining the UN Global Compact. Journal of Business Ethics, 90, 407-423.
  • 22. Knudsen J. S., (2011). Company Delistings from the UN Global Compact: Limited Business Demand or Domestic Governance Failure? Journal of Business Ethics, 103, 331-349.
  • 23. Laidroo L., Ööbik U., (2014). Banks' CSR disclosures - headquarters versus subsidiaries. Baltic Journal of Management, 9(1), 47-70.
  • 24. Laidroo L., Sokolova M., (2015). International banks’ CSR disclosures after the 2008 crisis. Baltic Journal of Management, 10(3), 270-294.
  • 25. Laudal T., (2010). An Attempt to Determine the CSR Potential of the International Clothing Business. Journal of Business Ethics, 96(1), 63-77.
  • 26. Leisinger K. M., (2003). Opportunities and Risks of the United Nations Global Compact: The Novartis Case Study. Journal of Corporate Citizenship, 11, 113-131.
  • 27. Milne M., Adler R., (1999). Exploring the reliability of social and environmental disclosures content analysis. Accounting, Auditing & Accountability Journal, 12(2), 237-256.
  • 28. Muñoz-Pascual L., Curado C., Galinde J., (2019). The Triple Bottom Line on Sustainable Product A mixed methods approach. Sustainability, 11(6), 1689.
  • 29. Perez-Batres L. A., Miller V. V., Pisani M. J., (2010). CSR, sustainability and the meaning of global reporting for Latin American corporations. Journal of Business Ethics, 91(2), 193-209.
  • 30. Petera P., Wagner J., Pakšiová R., Křehnáčová A., (2019). Sustainability Information in Annual Reports of Companies Domiciled in the Czech Republic and the Slovak Republic. Engineering Economics, 30(4), 483-495.
  • 31. Pētersons A., King G., (2009). Corporate social responsibility in Latvia: a benchmark study. Baltic Journal of Management, 4(1), 106-118.
  • 32. Preuss L., (2012). Responsibility in Paradise? The Adoption of CSR Tools by Companies Domiciled in Tax Havens. Journal of Business Ethics, 110, 1-14.
  • 33. Preuss L., Brown D., (2012). Business Policies on Human Rights: An Analysis of Their Content and Prevalence Among FTSE 100 Firms. Journal of Business Ethics, 109, 289-299.
  • 34. Pučėtaitė R., Pušinaitė R., (2015). Corporate Social Responsibility in Lithuania: Fragmented Attempts to Respond to External Pressure. [in:] Idowu S., Schmidpeter R., Fifka M. (eds) Corporate Social Responsibility in Europe. CSR, Sustainability, Ethics & Governance. Springer, Cham.
  • 35. Rasche A., Waddock S., (2014). Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics. Journal of Business Ethics, 122(2), 209-216.
  • 36. Rasche A., Waddock S., (2014). Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics. Journal of Business Ethics, 122(2), 209-216.
  • 37. Ribeiro I., Kaufmann J., Schmidt A., Peças P., Henriques E., Götze U., (2016). Fostering selection of sustainable manufacturing technologies - a case study involving product design, supply chain and life cycle performance. Journal of Cleaner Production, 112, 3306-3319.
  • 38. Russo-Spena T., Tregua M., De Chiara A., (2018). Trends and Drivers in CSR Disclosure: A Focus on Reporting Practices in the Automotive Industry. Journal of Business Ethics, 151(2), 563-578.
  • 39. Scalet S., Kelly T. F., (2010). CSR Rating Agencies: What is Their Global Impact? Journal of Business Ethics, 94, 69-88.
  • 40. Schwarze, J., (1992). Grundlagen der Statistik I, Beschreibende Verfahren, 6. Auflage, Verlag Neue Wirtschafts-Briefe, Herne/Berlin.
  • 41. Sethi S. P., Martell T. F., Demir M., (2017). Enhancing the Role and Effectiveness of Corporate Social Responsibility (CSR) Reports: The Missing Element of Content Verification and Integrity Assurance. Journal of Business Ethics, 144 (1), 59-82.
  • 42. Sethi S. P., Schepers D. H., (2013). United Nations Global Compact: The promise-performance gap. Journal of Business Ethics, 122, 193-208.
  • 43. Šimanskienė L., Paužuolienė J., Župerkienė E., Fiore M., (2019). CSR Reporting Practices of Lithuanian and Italian Academic Institutions. [in:] Thrassou A., Vrontis D., Weber Y., Shams S., Tsoukatos E. (eds) The Synergy of Business Theory and Practice. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham.
  • 44. Steurer R., Langer M. E., Konrad A., Martinuzzi A., (2005). Corporations, stakeholders and sustainable development I: a theoretical exploration of business-society relations. Journal of Business Ethics, 61(3), 263-281.
  • 45. Tang Z., Tang J., (2012). Stakeholder-firm power difference, stakeholders' CSR orientation, and SMEs' environmental performance in China. Journal of Business Venturing, 27(4), 436-455.
  • 46. Utting P., (2008). The Struggle for Corporate Accountability. Development and Change, 39(6), 959-975.
  • 47. Vilke R., (2011). CSR development problems in Lithuania: evaluation of promoting and hindering factors. Social Responsibility Journal, 7(4), 604-621.
  • 48. Voegtlin C., Pless N. M., (2014). Global Governance: CSR and the Role of the UN Global Compact. Journal of Business Ethics, 122 (2), 179-191.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-be174d72-0151-4f35-a37e-59df6528cf22
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