Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms

In this study, we explore the association between the intellectual capital (IC) efficiency of firms and their voluntary disclosure of environmental, social, and governance (ESG) information, using data on Jordanian listed firms and the value-added intellectual coefficient (VAIC) model with its three...

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Authors: Reboredo Nogueira, Juan Carlos, Sowaity, Samih M. A.
Format: article
Publication Date:2022
Country:España
Institution:Universidad de Santiago de Compostela (USC)
Repository:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Language:English
OAI Identifier:oai:minerva.usc.gal:10347/40214
Online Access:https://hdl.handle.net/10347/40214
Access Level:Open access
Keyword:ESG information disclosure
Corporate sustainability
Intellectual capital efficiency
Amman Stock Exchange
VAIC
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spelling Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firmsReboredo Nogueira, Juan CarlosSowaity, Samih M. A.ESG information disclosureCorporate sustainabilityIntellectual capital efficiencyAmman Stock ExchangeVAICIn this study, we explore the association between the intellectual capital (IC) efficiency of firms and their voluntary disclosure of environmental, social, and governance (ESG) information, using data on Jordanian listed firms and the value-added intellectual coefficient (VAIC) model with its three components of human, structural, and relational capital efficiency (HCE, SCE, and RCE, respectively). We find that disclosing environmental information is unrelated to IC efficiency, that disclosing governance information is associated with raised IC efficiency through the HCE and RCE components, and that disclosing social information is negatively associated with IC efficiency through the SCE and RCE components. We also find that releasing information on one or two of the three ESG dimensions has a positive effect on IC efficiency. This evidence has implications for the management of intangible assets.MDPIUniversidade de Santiago de Compostela. Departamento de Fundamentos da Análise Económica20222022-01-0120222022-01-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10347/40214reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostelainstname:Universidad de Santiago de Compostela (USC)InglésengAgencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 RTI2018-100702-B-I00 RIESGOS CLIMATICOS, ESTABILIDAD FINANCIERA Y DECISIONES DE INVERSION EN LOS MERCADOS FINANCIEROSopen accesshttp://purl.org/coar/access_right/c_abf2© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:minerva.usc.gal:10347/402142026-06-15T12:47:27Z
dc.title.none.fl_str_mv Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
title Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
spellingShingle Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
Reboredo Nogueira, Juan Carlos
ESG information disclosure
Corporate sustainability
Intellectual capital efficiency
Amman Stock Exchange
VAIC
title_short Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
title_full Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
title_fullStr Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
title_full_unstemmed Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
title_sort Environmental, social, and governance information disclosure and intellectual capital efficiency in jordanian listed firms
dc.creator.none.fl_str_mv Reboredo Nogueira, Juan Carlos
Sowaity, Samih M. A.
author Reboredo Nogueira, Juan Carlos
author_facet Reboredo Nogueira, Juan Carlos
Sowaity, Samih M. A.
author_role author
author2 Sowaity, Samih M. A.
author2_role author
dc.contributor.none.fl_str_mv Universidade de Santiago de Compostela. Departamento de Fundamentos da Análise Económica
dc.subject.none.fl_str_mv ESG information disclosure
Corporate sustainability
Intellectual capital efficiency
Amman Stock Exchange
VAIC
topic ESG information disclosure
Corporate sustainability
Intellectual capital efficiency
Amman Stock Exchange
VAIC
description In this study, we explore the association between the intellectual capital (IC) efficiency of firms and their voluntary disclosure of environmental, social, and governance (ESG) information, using data on Jordanian listed firms and the value-added intellectual coefficient (VAIC) model with its three components of human, structural, and relational capital efficiency (HCE, SCE, and RCE, respectively). We find that disclosing environmental information is unrelated to IC efficiency, that disclosing governance information is associated with raised IC efficiency through the HCE and RCE components, and that disclosing social information is negatively associated with IC efficiency through the SCE and RCE components. We also find that releasing information on one or two of the three ESG dimensions has a positive effect on IC efficiency. This evidence has implications for the management of intangible assets.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-01-01
2022
2022-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10347/40214
url https://hdl.handle.net/10347/40214
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 RTI2018-100702-B-I00 RIESGOS CLIMATICOS, ESTABILIDAD FINANCIERA Y DECISIONES DE INVERSION EN LOS MERCADOS FINANCIEROS
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
instname:Universidad de Santiago de Compostela (USC)
instname_str Universidad de Santiago de Compostela (USC)
reponame_str Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
collection Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
repository.name.fl_str_mv
repository.mail.fl_str_mv
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