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Associate Professor of Accounting at the University of Salamanca (Department of Business at the Faculty of Economics and Business). PhD in Business Economics, University of Salamanca, Spain, 2013 (Special Award), Teacher of Accounting at the University of Salamanca. Her line of research is focused on financial accounting and her publications have dealt with the development of different aspects in this subject and the Corporate Social Responsibility. She has published papers in several national and international journals, such as Sustainability, Corporate Social Responsibility and Environmental Management, Long Range Planning, Journal of Business Ethics, Journal of Cleaner Production, among others. She has participated in different national and international Congress as European Accounting Association Congress, IFERA, EURAM, and those organized by EIASM, among others.
This research examines how the credibility and accuracy of corporate social responsibility (CSR) disclosures enhance market confidence by exploring their effect on the cost of capital. How do capital markets react to higher-quality assurance of CSR reporting? Can the hypothetical reduction in the cost of capital that assurance quality produces be explained by restatements of previous information given in these CSR reports? We explore the relationship between assurance quality, as a proxy for credibility and market confidence, and the mediating effect of CSR restatements as indicators of accuracy. We propose regression models with a sample of CSR reports issued by European companies. Building upon the signalling and legitimacy theories, the results support the positive effect of higher assurance quality statements on market confidence by confirming a decrease in the cost of capital; assurance quality gives an indication of credibility to the capital market and restatements related to methodological updates signal accuracy. The reduction in the cost of capital brought on by higher assurance quality appears to be determined by the issuance of CSR restatements, which create legitimacy for both client companies and assurance providers. CSR reporting and assurance have reached a greater level of maturity as demonstrated by the evolution of these practices and financial market perceptions.
Jennifer Martínez‐Ferrero; Emiliano Ruiz‐Barbadillo; Michele Guidi. How capital markets assess the credibility and accuracy of CSR reporting: Exploring the effects of assurance quality and CSR restatement issuance. Business Ethics, the Environment & Responsibility 2021, 1 .
AMA StyleJennifer Martínez‐Ferrero, Emiliano Ruiz‐Barbadillo, Michele Guidi. How capital markets assess the credibility and accuracy of CSR reporting: Exploring the effects of assurance quality and CSR restatement issuance. Business Ethics, the Environment & Responsibility. 2021; ():1.
Chicago/Turabian StyleJennifer Martínez‐Ferrero; Emiliano Ruiz‐Barbadillo; Michele Guidi. 2021. "How capital markets assess the credibility and accuracy of CSR reporting: Exploring the effects of assurance quality and CSR restatement issuance." Business Ethics, the Environment & Responsibility , no. : 1.
Isabel-María García-Sánchez; Jennifer Martínez-Ferrero. Carbon Trading Schemes. Encyclopedia of Sustainable Management 2021, 1 -5.
AMA StyleIsabel-María García-Sánchez, Jennifer Martínez-Ferrero. Carbon Trading Schemes. Encyclopedia of Sustainable Management. 2021; ():1-5.
Chicago/Turabian StyleIsabel-María García-Sánchez; Jennifer Martínez-Ferrero. 2021. "Carbon Trading Schemes." Encyclopedia of Sustainable Management , no. : 1-5.
Although sustainability development goals look for the “common good”, the question of whether macro-objectives related to the fight against poverty, gender discrimination or environmental degradation affect firms’ financial results is not easily answered. This article examines whether sustainable development goal reporting is symbolic or substantive. We specifically analyze the role this reporting plays in companies belonging to controversial and environmentally sensitive industries, where the incentives to use sustainable development goal disclosures as a symbolic strategy can be greater. This paper addresses existing research gaps by first examining the influence of sustainable development goal reporting on firm performance, and second, the effect of industry-level factors in moderating the relationship between addressing sustainable development goals in sustainability reports and corporate performance. We examine our research hypotheses with the use of a European database comprising 523 firm-year observations from 2015 and 2016. After controlling for endogeneity, our evidence reports the lack of an effect of sustainable development goal reporting on firm performance, supporting the symbolic value of this information for stakeholders. However, our main findings confirm an effect of this reporting on performance in controversial sectors, such as alcohol, gambling, tobacco, and firearms, as well as in environmentally sensitive industries. Results suggest the value-enhancement of sustainable development goal reporting only happens in companies under high social scrutiny and with stakeholders concerned about ethical and environmental issues.
García-Meca. Emma; Martínez-Ferrero. Jennifer. Is SDG reporting substantial or symbolic? An examination of controversial and environmentally sensitive industries. Journal of Cleaner Production 2021, 298, 126781 .
AMA StyleGarcía-Meca. Emma, Martínez-Ferrero. Jennifer. Is SDG reporting substantial or symbolic? An examination of controversial and environmentally sensitive industries. Journal of Cleaner Production. 2021; 298 ():126781.
Chicago/Turabian StyleGarcía-Meca. Emma; Martínez-Ferrero. Jennifer. 2021. "Is SDG reporting substantial or symbolic? An examination of controversial and environmentally sensitive industries." Journal of Cleaner Production 298, no. : 126781.
This paper examines the effect of chief executive officerś (CEOs) narcissistic tendencies regarding corporate tax avoidance. Moreover, it aims to test the moderating effect of two audit committee characteristics, size and gender, on the relationship between narcissism and tax avoidance. By using a Spanish sample of analysis composed of 1303 firm-year observations from the period 2008–2017, the findings indicate support for our hypotheses. Specifically, CEO narcissism is positively related to tax avoidance. Narcissism is considered a personality trait that causes CEOs to implement tax avoidance strategies. However, this discretional behavior is constrained by some audit committee characteristics. Specifically, firms with larger audit committees help to control the consequences of CEO narcissism on tax avoidance. In addition, gender diverse audit committees are more sensitive to firm tax aggressiveness, and they reduce aggressive tax practices promoted by narcissistic CEOs. Therefore, audit committee effectiveness is critical in monitoring managerial decisions related to tax avoidance.
Emma García-Meca; Maria-Camino Ramón-Llorens; Jennifer Martínez-Ferrero. Are narcissistic CEOs more tax aggressive? The moderating role of internal audit committees. Journal of Business Research 2021, 129, 223 -235.
AMA StyleEmma García-Meca, Maria-Camino Ramón-Llorens, Jennifer Martínez-Ferrero. Are narcissistic CEOs more tax aggressive? The moderating role of internal audit committees. Journal of Business Research. 2021; 129 ():223-235.
Chicago/Turabian StyleEmma García-Meca; Maria-Camino Ramón-Llorens; Jennifer Martínez-Ferrero. 2021. "Are narcissistic CEOs more tax aggressive? The moderating role of internal audit committees." Journal of Business Research 129, no. : 223-235.
This paper examines how the level of institutional ownership affects environmental, social, and governance (ESG) performance in emerging countries by jointly investigating a nonlinear relationship. By examining an international sample composed of 17,318 firm–year observations from the period 2012–18 for 16 emerging countries, our findings reveal that the ESG performance of firms located in emerging countries depends on the level of influential institutional ownership, and displays a U-shaped relation, particularly for environmental disclosure. Institutional investors with low ownership are less likely to promote higher ESG performance in emerging countries, although this effect is attenuated when institutional ownership reaches a significant percentage, constituting a critical mass.
Jennifer Martínez-Ferrero; María-Belén Lozano. The Nonlinear Relation between Institutional Ownership and Environmental, Social and Governance Performance in Emerging Countries. Sustainability 2021, 13, 1586 .
AMA StyleJennifer Martínez-Ferrero, María-Belén Lozano. The Nonlinear Relation between Institutional Ownership and Environmental, Social and Governance Performance in Emerging Countries. Sustainability. 2021; 13 (3):1586.
Chicago/Turabian StyleJennifer Martínez-Ferrero; María-Belén Lozano. 2021. "The Nonlinear Relation between Institutional Ownership and Environmental, Social and Governance Performance in Emerging Countries." Sustainability 13, no. 3: 1586.
Isabel-María García-Sánchez; Jennifer Martínez-Ferrero. CERES Principles. Encyclopedia of Sustainable Management 2020, 1 -6.
AMA StyleIsabel-María García-Sánchez, Jennifer Martínez-Ferrero. CERES Principles. Encyclopedia of Sustainable Management. 2020; ():1-6.
Chicago/Turabian StyleIsabel-María García-Sánchez; Jennifer Martínez-Ferrero. 2020. "CERES Principles." Encyclopedia of Sustainable Management , no. : 1-6.
This study attempts to improve the understanding of how factors related to the board of directors in emerging countries from America determine a firm's sustainability performance. This paper examines the effect of board cultural diversity and the mediating effect of the existence of a corporate social responsibility (CSR) committee. To test our objectives, we carried out a sample analysis on data gathered between 2012 and 2018 from a group of firms located in Argentina, Brazil, Chile and Mexico. The results suggest that board cultural diversity promotes a firm's commitment toward sustainability issues and leads to higher social and environmental performance. Moreover, the results show the mediating effect of the existence of a CSR committee, where a positive impact on sustainability performance appears to be linked to board cultural diversity.
Jennifer Martínez‐Ferrero; M. Belén Lozano; Miguel Vivas. The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee. Corporate Social Responsibility and Environmental Management 2020, 28, 675 -685.
AMA StyleJennifer Martínez‐Ferrero, M. Belén Lozano, Miguel Vivas. The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee. Corporate Social Responsibility and Environmental Management. 2020; 28 (2):675-685.
Chicago/Turabian StyleJennifer Martínez‐Ferrero; M. Belén Lozano; Miguel Vivas. 2020. "The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee." Corporate Social Responsibility and Environmental Management 28, no. 2: 675-685.
This paper focuses on levels of sustainability assurance and the impact countries have on them. The level, the “how” aspect, indicates the nature and extent of the work performed by practitioners and, therefore, the degree of confidence that stakeholders should have in the assured sustainability report. This paper examines how country factors influence the level of assurance of sustainability reports—limited/moderate vs. reasonable/high assurance—from a complementary and substitutive perspective. The paper proposes a regression model in which countries differ not only in how they protect stakeholders but also in their legal public enforcement. For a sample of international firms for the period 2007–2016, the paper's evidence supports the idea that a reasonable/high level of assurance is provided in the assurance statements of firms that operate in countries with systems orientated towards improving sustainability transparency—complementary mechanism—and lower levels of public enforcement—substitute mechanism.
Emiliano Ruiz‐Barbadillo; Jennifer Martinez-Ferrero. What impact do countries have on levels of sustainability assurance? A complementary‐substitutive perspective. Corporate Social Responsibility and Environmental Management 2020, 27, 2329 -2341.
AMA StyleEmiliano Ruiz‐Barbadillo, Jennifer Martinez-Ferrero. What impact do countries have on levels of sustainability assurance? A complementary‐substitutive perspective. Corporate Social Responsibility and Environmental Management. 2020; 27 (5):2329-2341.
Chicago/Turabian StyleEmiliano Ruiz‐Barbadillo; Jennifer Martinez-Ferrero. 2020. "What impact do countries have on levels of sustainability assurance? A complementary‐substitutive perspective." Corporate Social Responsibility and Environmental Management 27, no. 5: 2329-2341.
The aim of this study was to improve the understanding of the factors determining a firm’s affiliation with the United Nations Global Compact (UN GC) as the largest voluntary corporate responsibility initiative worldwide. Drawing on the board perspective of the firm, this paper examines the effect of gender diversity and the mediating effect of the existence of a corporate social responsibility (CSR) committee. To test the paper’s objectives, the authors use an international sample of analysis of 29,951 firm-year observations from 2012 to 2018. The results suggest that female directors on the board significantly encourage the firm’s affiliation with the UN GC and support the mediating effect of the existence of a CSR committee. Therefore, the positive impact of female directors on UN GC signatories appears to be mediated by the existence of a CSR committee.
Jennifer Martínez-Ferrero; Mehmet Eryilmaz; Nese Colakoglu. How Does Board Gender Diversity Influence the Likelihood of Becoming a UN Global Compact Signatory? The Mediating Effect of the CSR Committee. Sustainability 2020, 12, 4329 .
AMA StyleJennifer Martínez-Ferrero, Mehmet Eryilmaz, Nese Colakoglu. How Does Board Gender Diversity Influence the Likelihood of Becoming a UN Global Compact Signatory? The Mediating Effect of the CSR Committee. Sustainability. 2020; 12 (10):4329.
Chicago/Turabian StyleJennifer Martínez-Ferrero; Mehmet Eryilmaz; Nese Colakoglu. 2020. "How Does Board Gender Diversity Influence the Likelihood of Becoming a UN Global Compact Signatory? The Mediating Effect of the CSR Committee." Sustainability 12, no. 10: 4329.
This paper explores the strength of internal corporate governance as a determining factor in a firm's addressing the sustainable development goals (SDGs) proposed by the United Nations. Using a European sample of analysis from 2016 to 2017, the paper examines CEO independence, board composition and board attendance as internal corporate governance factors that affect a firm's commitment to sustainable development. By employing several regression analyses, the evidence supports the assertion that greater corporate governance strength, from an internal perspective, increases the propensity to report SDGs in firms' sustainability reports. In addition, results confirm that CEO non‐duality and board independence act individually as determinants of a firm's contribution to the 2030 Agenda.
Jennifer Martínez‐Ferrero; Emma García‐Meca. Internal corporate governance strength as a mechanism for achieving sustainable development goals. Sustainable Development 2020, 28, 1189 -1198.
AMA StyleJennifer Martínez‐Ferrero, Emma García‐Meca. Internal corporate governance strength as a mechanism for achieving sustainable development goals. Sustainable Development. 2020; 28 (5):1189-1198.
Chicago/Turabian StyleJennifer Martínez‐Ferrero; Emma García‐Meca. 2020. "Internal corporate governance strength as a mechanism for achieving sustainable development goals." Sustainable Development 28, no. 5: 1189-1198.
Recent papers have investigated how assurance increases the credibility of, and confidence in, sustainability disclosure. However, there is debate about the quality of this process. As part of this debate, the authors examine, firstly, whether the provision of audit and sustainability assurance services by the same practitioner affects the quality of the assurance, focusing on a trade-off between the knowledge spillover effect and the economic dependence effect. Secondly, the authors also examine whether the industry specialization of the assurance provider could moderate the above relationship, reinforcing the knowledge spillover or reducing the economic dependence effects. Using international data from the period 2007–2016, evidence supports that the provision of audit and sustainability assurance services by an incumbent auditor produces knowledge spillover, leading to higher assurance quality. Results also find that industry specialization increases the provider’s knowledge of matters on which sustainability assurance is given and enhances the impact of joint provision on assurance quality. The analysis is further extended to explore this evidence in contexts characterized by higher agency costs, by a country’s greater stakeholder-orientation, a country’s greater rate of demand for assurance, and countries where assurance is non-mandatory.
Emiliano Ruiz-Barbadillo; Jennifer Martínez-Ferrero. Empirical analysis of the effect of the joint provision of audit and sustainability assurance services on assurance quality. Journal of Cleaner Production 2020, 266, 121943 .
AMA StyleEmiliano Ruiz-Barbadillo, Jennifer Martínez-Ferrero. Empirical analysis of the effect of the joint provision of audit and sustainability assurance services on assurance quality. Journal of Cleaner Production. 2020; 266 ():121943.
Chicago/Turabian StyleEmiliano Ruiz-Barbadillo; Jennifer Martínez-Ferrero. 2020. "Empirical analysis of the effect of the joint provision of audit and sustainability assurance services on assurance quality." Journal of Cleaner Production 266, no. : 121943.
Many studies have examined the direct relationship between the two corporate practices: corporate social responsibility (CSR) and earnings management (EM); however, the results remain heterogeneous. To achieve the consensus, this study builds upon the classical agency theory and examines the role of managerial entrenchment in creating organizational facades related to CSR and EM. More specifically, it examines the relationship between CSR performance and EM in the presence of managerial entrenchment and the direct effect of managerial entrenchment on CSR decoupling. In doing so, this article provides evidence of a previously underappreciated yet fundamentally important aspect, that is, managerial entrenchment, that may significantly affect the quality of earnings as well as the level of alignment between CSR disclosure and performance. Our analyses of longitudinal data of an international sample for the period of 2007–2016 supports that managerial entrenchment significantly moderates the relationship between CSR performance and EM. Furthermore, our study reveals that entrenched managers decouple CSR disclosure and performance.
Isabel‐Maria García‐Sánchez; Nazim Hussain; Sana Akbar Khan; Jennifer Martínez‐Ferrero. M anagerial entrenchment, corporate social responsibility, and earnings management. Corporate Social Responsibility and Environmental Management 2020, 27, 1818 -1833.
AMA StyleIsabel‐Maria García‐Sánchez, Nazim Hussain, Sana Akbar Khan, Jennifer Martínez‐Ferrero. M anagerial entrenchment, corporate social responsibility, and earnings management. Corporate Social Responsibility and Environmental Management. 2020; 27 (4):1818-1833.
Chicago/Turabian StyleIsabel‐Maria García‐Sánchez; Nazim Hussain; Sana Akbar Khan; Jennifer Martínez‐Ferrero. 2020. "M anagerial entrenchment, corporate social responsibility, and earnings management." Corporate Social Responsibility and Environmental Management 27, no. 4: 1818-1833.
This paper investigates firms’ cash flow sensitivity of cash (CFSC) in a European setting. We examine the differing effects of financial constraints and income and substitution effects on CFSC in the context of the family ownership structure. When examining the shareholders’ behavior within the ownership structure of family firms, we find a positive CFSC level for our full sample. Our results show a significant connection between the family ownership structure and CFSC’s determinant factors: the higher (lower) sensitivity for the firms with more (less) financial constraints suggests that family firms are financially less constrained than non-family firms. Additionally, contrary to prior literature, we find income and substitution effects have a nonnegative effect on CFCS. We explain this finding from a productivity shocks perspective related to the financial crisis, which occurs during our analysis period.
M. Belén Lozano; Serhat Yaman. The determinants of cash flow sensitivity of cash: The family ownership effect. Research in International Business and Finance 2020, 53, 101204 .
AMA StyleM. Belén Lozano, Serhat Yaman. The determinants of cash flow sensitivity of cash: The family ownership effect. Research in International Business and Finance. 2020; 53 ():101204.
Chicago/Turabian StyleM. Belén Lozano; Serhat Yaman. 2020. "The determinants of cash flow sensitivity of cash: The family ownership effect." Research in International Business and Finance 53, no. : 101204.
This article analyzes the relationship between corporate social responsibility (CSR) decoupling and financial market outcomes. CSR decoupling refers to the gap between CSR disclosure and CSR performance. More specifically, we analyze the effect of CSR decoupling on analysts’ forecast errors, cost of capital, and access to finance. We also examine the moderating effect of forecast errors on relationships between CSR decoupling and cost of capital and access to finance. For a sample of U.S. firms consisting of 7,681 firm-year observations for the period 2006–2015, our empirical evidence supports the idea that a wider gap results in higher analysts’ forecast errors, a greater cost of capital, and reduced access to finance. In addition, our results show that forecast errors enhance the effect of the CSR decoupling on cost of capital and access to financial resources. We also note that external monitoring, in the form of greater analysts’ coverage, reduces CSR decoupling.
Isabel-María García-Sánchez; Nazim Hussain; Sana-Akbar Khan; Jennifer Martínez-Ferrero. Do Markets Punish or Reward Corporate Social Responsibility Decoupling? Business & Society 2020, 60, 1431 -1467.
AMA StyleIsabel-María García-Sánchez, Nazim Hussain, Sana-Akbar Khan, Jennifer Martínez-Ferrero. Do Markets Punish or Reward Corporate Social Responsibility Decoupling? Business & Society. 2020; 60 (6):1431-1467.
Chicago/Turabian StyleIsabel-María García-Sánchez; Nazim Hussain; Sana-Akbar Khan; Jennifer Martínez-Ferrero. 2020. "Do Markets Punish or Reward Corporate Social Responsibility Decoupling?" Business & Society 60, no. 6: 1431-1467.
Interest is increasing in what information companies disclose regarding the social aspects of their operations. This research therefore develops an index to analyze the social disclosure of companies from various countries and geographical regions including Latin America, Europe, Africa, Asia, and the United States. Using categorical principal component analysis and partial triadic analysis, we build a numerical value for a specific social individual index by firm. Then, we analyze the extent to which this disclosure follows the Global Reporting Initiative 400 social standards, which became effective on 1 July 2018. In addition to considering geographical aspects, we also analyze social disclosure based on industry, which facilitates firms’ decision-making and policy formation in social disclosure.
Isabel Gallego-Álvarez; María Belén Lozano; Miguel Rodríguez-Rosa. Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards. Sustainability 2019, 11, 7073 .
AMA StyleIsabel Gallego-Álvarez, María Belén Lozano, Miguel Rodríguez-Rosa. Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards. Sustainability. 2019; 11 (24):7073.
Chicago/Turabian StyleIsabel Gallego-Álvarez; María Belén Lozano; Miguel Rodríguez-Rosa. 2019. "Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards." Sustainability 11, no. 24: 7073.
Isabel‐María García‐Sánchez; Marcelle Colares Oliveira; Jennifer Martinez-Ferrero. Female directors and gender issues reporting: The impact of stakeholder engagement at country level. Corporate Social Responsibility and Environmental Management 2019, 27, 369 -382.
AMA StyleIsabel‐María García‐Sánchez, Marcelle Colares Oliveira, Jennifer Martinez-Ferrero. Female directors and gender issues reporting: The impact of stakeholder engagement at country level. Corporate Social Responsibility and Environmental Management. 2019; 27 (1):369-382.
Chicago/Turabian StyleIsabel‐María García‐Sánchez; Marcelle Colares Oliveira; Jennifer Martinez-Ferrero. 2019. "Female directors and gender issues reporting: The impact of stakeholder engagement at country level." Corporate Social Responsibility and Environmental Management 27, no. 1: 369-382.
The purpose of this paper is to shed light on the effect of corporate social responsibility performance on earnings management. We also examine the moderating role of family ownership on the association between earnings management and socially responsible performance. Based on an international sample of 6,442 firm-year observations from 2006 to 2014, we use several validated analysis and panel-data regression models. We find that social and environmental performance is positively related with earnings management; firms with a greater socially responsible performance show a higher discretionary behavior by promoting actions that mask the real financial and economic performance of the firm. However, we find that this positive relation is lower – moderated - in family-owned firms, mainly because of the fact that family firms show a greater socially responsible behavior aimed to preserve their socioemotional endowments and are negatively associated with earnings management practices.; El objetivo de este artículo es intentar aclarar el efecto de la responsabilidad social corporativa en la manipulación de información. También examinamos el efecto moderador de la familia en la relación entre manipulación de información y responsabilidad corporativa. Basados en una muestra internacional de 6,442 observaciones empresa-año durante los años 2006-2014, usamos análisis de validez y modelos de regresión para datos de panel. Hemos concluido que el desarrollo social y ambiental está positivamente relacionado con la manipulación de información; las empresas con una mayor actividad de responsabilidad social muestran un mayor comportamiento de manipulación a través de la promoción de acciones que enmascaran la realidad financiera y económica de la sociedad. Igualmente, encontramos que esta relación positiva es moderada a la baja en empresas familiares, principalmente porque las empresas familiares muestran una mayor responsabilidad social pues están centradas en conservar sus legados emocionales y así mismo están negativamente asociadas con prácticas relativas a la manipulación de información.
Eva López-González; Jennifer Martinez-Ferrero; Emma García-Meca. Does corporate social responsibility affect earnings management? Evidence from family firms. Revista de Contabilidad 2019, 22, 233 -247.
AMA StyleEva López-González, Jennifer Martinez-Ferrero, Emma García-Meca. Does corporate social responsibility affect earnings management? Evidence from family firms. Revista de Contabilidad. 2019; 22 (2):233-247.
Chicago/Turabian StyleEva López-González; Jennifer Martinez-Ferrero; Emma García-Meca. 2019. "Does corporate social responsibility affect earnings management? Evidence from family firms." Revista de Contabilidad 22, no. 2: 233-247.
This paper investigates the impact of corporate social responsibility (CSR) disclosure quantity, quality, and external validation concerning assurance on capital constraints. We examine if these disclosure characteristics matter to the investors in the financial market, then they should be positively evaluated by financial market participants. More specifically, we study the effects of disclosure quantity, quality, and assurance on the access to financial resources for reporting firms. Analysis of data of an international sample for the period of 2007–2016 significantly supports the value relevance idea of CSR disclosure quality. We document that availability of more information about the firm's CSR initiatives eases the financial access. Furthermore, the quality and external assurance of CSR disclosure further strengthen the relationship between disclosure and access to finance. Our paper not only provides support for buying assurance but also argue for better assurance quality.
Isabel‐María García‐Sánchez; Nazim Hussain; Jennifer Martínez‐Ferrero; Emiliano Ruiz‐Barbadillo. Impact of disclosure and assurance quality of corporate sustainability reports on access to finance. Corporate Social Responsibility and Environmental Management 2019, 26, 832 -848.
AMA StyleIsabel‐María García‐Sánchez, Nazim Hussain, Jennifer Martínez‐Ferrero, Emiliano Ruiz‐Barbadillo. Impact of disclosure and assurance quality of corporate sustainability reports on access to finance. Corporate Social Responsibility and Environmental Management. 2019; 26 (4):832-848.
Chicago/Turabian StyleIsabel‐María García‐Sánchez; Nazim Hussain; Jennifer Martínez‐Ferrero; Emiliano Ruiz‐Barbadillo. 2019. "Impact of disclosure and assurance quality of corporate sustainability reports on access to finance." Corporate Social Responsibility and Environmental Management 26, no. 4: 832-848.
The purpose of this paper is to shed light on the effect of corporate social responsibility performance on tax avoidance. It also examines whether family ownership affects tax avoidance practices by socially responsible performance. Based on an international sample of 6,442 firm‐year observations from 2006 to 2014, we use several panel‐data regression models. We find that social and environmental performance is negatively related with tax avoidance so that firms with a greater socially responsible performance show a lower tax‐saving practices. However, we find that this negative relation is lower in family‐owned firms, what suggests that despite the fact that family firms show a greater socially responsible behavior aimed to preserve their socioemotional endowments, family ownership is positively associated with tax avoidance practices.
Eva López-González; Jennifer Martinez-Ferrero; Emma García-Meca. Does corporate social responsibility affect tax avoidance: Evidence from family firms. Corporate Social Responsibility and Environmental Management 2019, 26, 819 -831.
AMA StyleEva López-González, Jennifer Martinez-Ferrero, Emma García-Meca. Does corporate social responsibility affect tax avoidance: Evidence from family firms. Corporate Social Responsibility and Environmental Management. 2019; 26 (4):819-831.
Chicago/Turabian StyleEva López-González; Jennifer Martinez-Ferrero; Emma García-Meca. 2019. "Does corporate social responsibility affect tax avoidance: Evidence from family firms." Corporate Social Responsibility and Environmental Management 26, no. 4: 819-831.
Existing empirical and theoretical literature provides excellent insight into many aspects of CEO-related phenomena. However, so far, no study has explored the interrelation between corporate governance and CEO ability in influencing corporate social responsibility practices. From resource-based view perspectives, this research examines the complementarities/substitutions that may exist between social responsibility oriented corporate governance mechanisms and CEO ability in affecting corporate social responsibility performance among United States firms. This research documents that CEO ability is a unique resource that can help firms reduce agency problem associated with social and environmental performance. The analysis of data for the period of 2006–2015 reveals several fact-based findings. This research finds strong complementarities between CEO ability and internal social responsibility oriented governance mechanisms (i.e., board independence, the presence of a sustainability committee, and social performance-related incentives for managers) in enhancing socially responsible performance within a firm. Conventionally, it is considered that CEOs are less likely to engage in socially responsible activities, while findings of this paper shed light on the brighter side of CEO ability.
Isabel-María García-Sánchez; Nazim Hussain; Jennifer Martínez-Ferrero. An empirical analysis of the complementarities and substitutions between effects of ceo ability and corporate governance on socially responsible performance. Journal of Cleaner Production 2019, 215, 1288 -1300.
AMA StyleIsabel-María García-Sánchez, Nazim Hussain, Jennifer Martínez-Ferrero. An empirical analysis of the complementarities and substitutions between effects of ceo ability and corporate governance on socially responsible performance. Journal of Cleaner Production. 2019; 215 ():1288-1300.
Chicago/Turabian StyleIsabel-María García-Sánchez; Nazim Hussain; Jennifer Martínez-Ferrero. 2019. "An empirical analysis of the complementarities and substitutions between effects of ceo ability and corporate governance on socially responsible performance." Journal of Cleaner Production 215, no. : 1288-1300.