DOI: 10.1016/j.jclepro.2020.120194
论文题名: “Sell” recommendations by analysts in response to business communication strategies concerning the Sustainable Development Goals and the SDG compass
作者: García-Sánchez I.-M. ; Aibar-Guzmán B. ; Aibar-Guzmán C. ; Rodríguez-Ariza L.
刊名: Journal of Cleaner Production
ISSN: 9596526
出版年: 2020
卷: 255 语种: 英语
英文关键词: Analysts’ recommendations
; Corporate social responsibility
; Institutional logic
; SDG compass
; Sustainability reporting
; Sustainable development goals
Scopus关键词: Sales
; Sustainable development
; Agency costs
; Business communications
; Corporate social responsibilities (CSR)
; Global Reporting Initiative
; Institutional logic
; International company
; Sustainability reporting
; Thomson
; Planning
英文摘要: This paper has two main aims: firstly, to examine the effect of pessimistic (sell) recommendations made by analysts to investors on the implementation of business communication strategies in accordance with the Sustainable Development Goals (SDGs), through the adoption of the SDG Compass. Secondly, it considers the possible corrective effect produced by these strategies on analysts’ recommendations, i.e. modifying their perception of corporate social responsibility (CSR) as an agency cost. Based on a sample of 989 international companies which disclose CSR information, obtained by merging the Global Reporting Initiative (GRI) and Thomson Reuters databases, our analysis of the results obtained shows that the companies receiving most sell recommendations were among the first to adopt the SDG Compass in a given year or in the year immediately following it. Nevertheless, this effect is limited, because the long-term implementation of CSR strategies has a relatively trivial impact on analysts’ recommendations, since there is little likelihood of change in these strategies. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/158224
Appears in Collections: 气候变化与战略
There are no files associated with this item.
作者单位: Instituto Multidisciplinar de Empresa. Campus Miguel de Unamuno, Edificio FES, Salamanca, 37006, Spain; Faculdad de Ciencias Económicas y Empresariales. Universidad de Santiago Compostela, Av. Burgo, s/n, Santiago Compostela, 15782, Spain; Facultad de Ciencias Económicas y Empresariales, Campus de Cartuja, s/n, Granada, 18071, Spain
Recommended Citation:
García-Sánchez I.-M.,Aibar-Guzmán B.,Aibar-Guzmán C.,et al. “Sell” recommendations by analysts in response to business communication strategies concerning the Sustainable Development Goals and the SDG compass[J]. Journal of Cleaner Production,2020-01-01,255