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Article
Publication date: 25 September 2023

Mirza Muhammad Naseer, Yongsheng Guo and Xiaoxian Zhu

This study aims to examine the relationship between environmental, social and governance (ESG) disclosure, firm risk and stock market returns within the Chinese energy sector…

Abstract

Purpose

This study aims to examine the relationship between environmental, social and governance (ESG) disclosure, firm risk and stock market returns within the Chinese energy sector. Using a variety of econometric techniques, the study seeks to uncover the impact of ESG disclosure on risk mitigation and its influence on stock market performance.

Design/methodology/approach

Benchmark regression models were used to explore the associations between ESG disclosure, firm risk and stock returns. To address potential endogeneity, a generalised method of moments estimator is used. Quantile regression was used for robustness analysis.

Findings

The study reveals a negative relationship between ESG disclosure and firm risk, indicating that companies with greater ESG disclosure tend to experience reduced risk exposure. In addition, a positive association is observed between ESG disclosure and stock market returns, suggesting that companies with more comprehensive ESG disclosure practices tend to perform better in the stock market.

Research limitations/implications

This study implies that investors appreciate sustainable investment and incorporate ESG practices and disclosure in decision-making. Policymakers can promote transparent ESG reporting through regulatory frameworks, fostering sustainable practices in the energy sector.

Originality/value

Despite the mounting concerns over carbon dioxide emissions and the energy industry’s environmental footprint, this study pioneers a comprehensive analysis of ESG disclosure within this critical sector. Delving into the relationship of ESG practices, firm risk and market returns, this research uniquely examines both risk mitigation and return enhancement, shedding new light on sustainable strategies in the energy domain.

Details

International Journal of Energy Sector Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6220

Keywords

Book part
Publication date: 6 May 2024

Mirza Muhammad Naseer and Tanveer Bagh

Corporate social responsibility (CSR) promotes society, reduces risk, and encourages ethical business practices. Due to its relevance, we study how CSR influences firms'…

Abstract

Corporate social responsibility (CSR) promotes society, reduces risk, and encourages ethical business practices. Due to its relevance, we study how CSR influences firms' sustainable development. We analyze data from 427 New York Stock Exchange (NYSE)-listed firms from 2008 to 2022. The Refinitiv environmental and social score is used to measure CSR, whereas for firms' sustainable development we rely on corporate sustainable growth rate (SGR) and market-based metrics. The analysis employs various econometric techniques, including ordinary least square, fixed effect regression, two-stage least square, generalized method of moment, and simultaneous quantile regression. The results indicate that CSR has a positive and significant effect on firms' sustainable development across all models. This relationship supports the notion that socially responsible business can contribute to long-term financial sustainability in line with “stakeholder theory”, indicating that companies should accommodate the concerns of various stakeholders, including society and the environment, to achieve sustainable development. We evaluate how the conditional distributions of SGR and firms’ value are affected by CSR, categorizing them into high, moderate, and low regimes. The quantile regression estimates indicate that the effect of CSR is more pronounced at upper quantiles, followed by moderate and low regimes. These findings underscore the importance of considering CSR in assessing the SGR and enterprises market value. We also confirm that our results are robust under range of different econometrics' methods. Finally, we enlighten current literature, and our research has useful policy implications for management and investors.

Details

The Emerald Handbook of Ethical Finance and Corporate Social Responsibility
Type: Book
ISBN: 978-1-80455-406-7

Keywords

Article
Publication date: 1 August 2016

Mirza Muhammad Naseer and Khalid Mahmood

– The purpose of this paper is to explore the use of political party websites for e-electioneering and their impact on the outcome of the elections.

Abstract

Purpose

The purpose of this paper is to explore the use of political party websites for e-electioneering and their impact on the outcome of the elections.

Design/methodology/approach

Empirical data for the study were collected from the websites of 11 major political parties of Pakistan using modified version of the coding scheme used by Gibson, Rommele and Ward for the evaluation of functionality and delivery of websites. Data were analysed using web content analysis method to achieve the objectives of this study. The study also ranked the party websites based on points scored for functionalities and delivery.

Findings

The study found that although Pakistani political parties have started using their websites for communication with their voters during the general elections but they have not utilized the full potential of the website functionalities for e-electioneering.

Research limitations/implications

The study focused on content analysis of political party websites of Pakistan only. However, comparisons were made to other studies where possible to contextualize the results of this study in international perspective. It is suggested to replicate this study after ten years to study the changing behaviour of political parties.

Practical implications

Political parties might like to improve their websites in the light of findings of this study to spread their message more effectively to larger voter base.

Social implications

Findings of the study will help in improving the readiness of political parties for e-electioneering and improved websites will help voters in making an informed decision during election. It will overall improve the electoral process in the country where democratic system is not very strong.

Originality/value

With the advent of internet, political parties are using their websites during elections for various purposes. This study, first ever in Pakistan on the topic, provides empirical evidence on the use of political party websites during May 2013 general election in Pakistan and presents its impact on the outcome of the election. The study will be valuable for political science researchers especially those focusing on Asia and Pakistan.

Details

Internet Research, vol. 26 no. 4
Type: Research Article
ISSN: 1066-2243

Keywords

Content available
Book part
Publication date: 6 May 2024

Abstract

Details

The Emerald Handbook of Ethical Finance and Corporate Social Responsibility
Type: Book
ISBN: 978-1-80455-406-7

Book part
Publication date: 1 March 2021

Farooq Yousaf

The Pashtun Jirga is a “tribal” conflict resolution method that has survived for centuries, with the Pashtuns, both in Afghanistan and Pakistan, still practicing it in rural…

Abstract

The Pashtun Jirga is a “tribal” conflict resolution method that has survived for centuries, with the Pashtuns, both in Afghanistan and Pakistan, still practicing it in rural communities. The chapter argues how the introduction and persistence of the Frontier Crimes Regulations, 1901, a colonial-era regulation, has undermined not only the traditional authority of the tribal elders but also diminished the importance of the Jirga. However, the tribal Pashtuns, through Jirga and Jirga-based Lashkars (tribal militias), have also occasionally supported the Pakistani military's actions against various militant groups operating in the Pashtun tribal areas, formerly known as the Federally Administered Tribal Areas. The chapter argues why, even with its positives, the Jirga still possess various loopholes that result in various gender rights violations in the Pashtun society. Finally, the chapter also discusses how recent developments in the Pashtun tribal areas, leading to their merger with the Khyber Pakhtunkhwa Province, along with the introduction of the country's judiciary present a challenge for the survival of the Jirga as a conflict resolution tool in the tribal areas. Moreover, the chapter also argues why the young Pashtuns from the tribal region are against the male-dominated nature of Jirga and want it to be replaced with modern judicial structures, presenting a challenge to the survival of Jirga in Pakistan.

Details

Clan and Tribal Perspectives on Social, Economic and Environmental Sustainability
Type: Book
ISBN: 978-1-78973-366-2

Keywords

Article
Publication date: 25 September 2007

Naseer Ahmad Salfi and Muhammad Saeed

This paper seeks to determine the relationship among school size, school culture and students' achievement at secondary level in Pakistan.

3151

Abstract

Purpose

This paper seeks to determine the relationship among school size, school culture and students' achievement at secondary level in Pakistan.

Design/methodology/approach

The study was descriptive (survey type). It was conducted on a sample of 90 secondary school head teachers and 540 primary, elementary and high school teachers working in the government boys secondary schools of Punjab province. Data was collected through three sources: first, statistics on education from Education Management Information System (EMIS) Punjab; second, annual results of grade 9 and 10 students of Boards of Intermediate and Secondary Education (BISEs) Punjab; and third, a questionnaire which contained 39 items at five‐point rating scale and ten items in yes/no form. The validity and reliability of the questionnaire were ensured through experts' opinions and pilot testing in early 2006; the overall reliability was established at 0.967.

Findings

There was a significant correlation between school size and school culture, and school size and students' achievement. Small schools revealed positive school culture and performed better than medium and large schools.

Originality/value

The policy makers, administrators and managers, and teachers at secondary level may improve school culture by bringing schools to a reasonable size, which may improve the students' achievement in Pakistan. The findings may be useful for other countries of almost similar socio‐economic status to improve the quality of teaching‐learning at secondary level.

Details

International Journal of Educational Management, vol. 21 no. 7
Type: Research Article
ISSN: 0951-354X

Keywords

Article
Publication date: 22 November 2021

Chi Wei Su, Xian-Li Meng, Ran Tao and Muhammad Umar

This research examines the dynamic interrelationship between economic policy uncertainty (EPU) and the inflows of foreign direct investment (IFDI) in China.

Abstract

Purpose

This research examines the dynamic interrelationship between economic policy uncertainty (EPU) and the inflows of foreign direct investment (IFDI) in China.

Design/methodology/approach

This research used the Granger causality and sub-sample time-varying rolling window causality method.

Findings

The empirical results reveal that EPU tends to have a negative impact on the IFDI in most periods that have been taken into consideration. However, there has been a positive relationship observed between the periods of the US subprime crisis. That is to say that the uncertainty of the Chinese economic policy does not always impede the IFDI. These results are supported by the general equilibrium model, which states that there are certain influences that come into play when moving from EPU to IFDI. On the other hand, the IFDI exert a positive influence on EPU during times of economic crisis and trade war, which indicates that the uncertainty in the economy may increase due to the sudden soar of foreign investment.

Originality/value

During tense global trade situations and complicated economic scenarios, the results suggest the Chinese government should dedicate itself to expanding its initiatives to open up and improve the domestic business environment in order to increase the foreign investors' confidence and prevent the decline in the IFDI. In addition to this, it also suggests that multinational companies pay attention to the policy environment of the host country, especially when they decide to invest there.

Details

International Journal of Emerging Markets, vol. 17 no. 7
Type: Research Article
ISSN: 1746-8809

Keywords

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