We investigate whether ESG transparency, the extent of ESG disclosure, has an impact on firm value. Reducing investors’ information symmetry and agency costs is the mechanism by which better ESG transparency potentially impacts firm value. Using the Bloomberg ESG disclosure scores to assess a firm’s ESG transparency, we look at a sample of 1996 large cap companies across 47 developed and emerging countries and territories. Our empirical analyses suggest that the benefits from ESG disclosure outweigh their costs for the average listed firm. We find supporting evidence for greater disclosure of ESG issues boosting firm valuation measures, such as Tobin’s Q. Furthermore, our results suggest that firms with greater asset size, better liquidity, higher R&D intensity, fewer insider holdings, good past financial performance will be more transparent in ESG issues.

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Environmental, social and governance transparency and firm value

Most firms have started to realize the importance of KM in streamlining their operations and processes to improve organizational performance. So in this paper, we try to survey and present a model for measuring success of KM in small- and medium-sized enterprises (SMEs). This study is the first empirical test of an adaption of the Jennex and Olfman (J&O) KM success model considered a better description of KM success due to its strong theoretical grounding to analysis the influences of KM and inter-actions on workers' productivity in Taiwanese SMEs settings. Structural equation modeling techniques are applied to data collected through questionnaires from 277 knowledge workers. All the hypothesized relationships between the variables are significantly supported by the data. The findings served as useful reference points for researchers interested in investigating issues related to the successful implementation of KM, and for practitioners aiming to achieve the benefits of KM in SMEs.

Investigating the success of knowledge management: An empirical study of small- and medium-sized enterprises

International variations in ESG disclosure – Do cross-listed companies care more?

In recent years, the emergence of the term IT Governance (ITG) has pointed to the increasing importance for business of effecting an alignment between its strategic direction and IT units. Many leading organizations have turned to ITG to pursue gains in efficiency, accountability, and regulatory and other forms of compliance, without, however, being able to implement coherent IT schemes on account of a number of challenging issues. Despite the growing interest of academics and practitioners in this area (as attested in recent publications), few studies have characterized the practical inhibitors frustrating the implementation of effective ITG. This paper, therefore, aims to examine empirically how inhibiting features associated with ITG affect the success of IT activities. Through a literature review, we identify 5 factors that work to restrain ITG implementation. Further, this work presents survey data gathered from 96 leading companies in Korea reporting the status of ITG practices according to a specific instrument of its own design.

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A Study of the Causal Relationship between IT Governance Inhibitors and Its Success in Korea Enterprises

Results from a survey of senior executives/officers in charge of IT suggest that while greater IT governance triggers more innovation, IT-business alignment does not moderate this relations...

Changjin Lee

Papers

IT Governance-Based IT Strategy and Management: Literature Review and Future Research Directions