Résumés
Abstract
This research aims to analyse the link between firm transparency, measured by the quality of environmental, social, and governance (ESG) disclosure, and employee-oriented corporate social performance (CSP). A panel data ordered logit model is estimated using a sample of 280 multinational manufacturing firms listed in the European capital market during the 2010–2017 period. Overall, the findings show that firm transparency is positively associated with employee-oriented CSP. Nevertheless, results obtained from breaking down the sample by company headquarter location and reporting regulation showed that this finding is valid only for European firms for which corporate social responsibility (CSR) reporting is mandatory.
Keywords:
- ESG disclosure,
- employee-oriented CSP,
- panel data ordered logit model
Résumé
Sur la base de 280 entreprises européennes cotées sur la période 2010-2017, ce papier propose d’analyser le lien entre la qualité de la divulgation des données environnementales, sociales et de gouvernance (ESG), et la performance sociale -volet employés (CSP). Globalement, les résultats mettent en évidence une corrélation positive entre ces deux variables. Néanmoins, la prise en compte de la localisation du siège social des entreprises et la réglementation relative à la publication de leurs données sociales montre que ce résultat ne tient que pour les entreprises européennes pour lesquelles la divulgation de ces informations est obligatoire.
Mots-clés :
- Divulgation des données ESG,
- CSP- volet employés,
- modèle logit ordonné sur données
Resumen
Esta investigación analiza la relación entre transparencia de las empresas, medida por la calidad de comunicación de los criterios ESG (factores ambientales, sociales y de gobernanza) y la SCP (desempeño social en relación a los trabajadores). Una estimación utilizando datos de panel ordenados con un modelo logit con una muestra de 280 empresas multinacionales europeas cotizadas entre 2010-2017 muestra que la transparencia está positivamente asociada con la SCP. Teniendo en cuenta la ubicación de la sede central y la normativa de publicación de datos sociales este resultado solo se confirma en los países donde esta información es obligatoria.
Palabras clave:
- comunicación ESG,
- desempeño social en relación a los trabajadores (CSP),
- datos de panel ordenados con un modelo logit
Parties annexes
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