Ethical Business Practices and Sustainability Assurance: Evidence From Europe
Rasmi Meqbel, Mohammad Alta’any, Salah Kayed, Mohammad H. Alzyod, Ma'en Al‐Fawair
🤖 gxceed AI 要約
日本語
本研究は、欧州企業を対象に、倫理的ビジネス慣行がサステナビリティ保証（SA）の取得とその属性（保証提供者、保証水準、保証範囲）に与える影響を分析。倫理的企業はSAを採用する傾向が強く、保証範囲の拡大にも関連するが、保証提供者や水準との有意な関連は見られなかった。また、低ESG企業においてもSA採用がみられ、正当性理論に基づく象徴的な利用を示唆。
English
This study examines the effect of ethical business practices on sustainability assurance (SA) adoption and attributes using a sample of European STOXX 600 firms. Ethical firms are more likely to obtain SA and have broader assurance scope, but not significantly associated with provider type or assurance level. Sub-sample analysis suggests SA may also be used symbolically by less ethical firms to manage legitimacy threats.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準の導入が進み、サステナビリティ情報の保証が重要性を増している。本論文は、保証の質や範囲に影響する要因を明らかにし、日本の企業実務や規制設計に示唆を与える。
In the global GX context
Globally, assurance of sustainability disclosures is increasingly mandated (e.g., CSRD, SEC climate rules). This paper provides evidence on how ethical corporate behavior influences assurance adoption and design, offering insights for regulators and standard-setters seeking to enhance credibility.
👥 読者別の含意
🔬研究者:Provides joint stakeholder-legitimacy perspective on sustainability assurance heterogeneity.
🏢実務担当者:Highlights that ethical reputation may drive broader assurance scope, guiding internal assurance strategy.
🏛政策担当者:Suggests that mandatory assurance standards may reduce symbolic use of assurance by less ethical firms.
📄 Abstract（原文）
ABSTRACT This study investigates the effect of ethical business practices on a firm's decision to obtain sustainability assurance (SA) and on key SA attributes, namely assurance provider type, assurance level, and assurance scope. Using a sample of non‐financial European firms listed on the STOXX Europe 600 for the period 2012–2019 and applying panel logit regression models, we find that ethically responsible firms are significantly more likely to adopt SA, consistent with stakeholder theory, which emphasises transparency and trust‐building with stakeholders. Ethical practices are not significantly associated with the choice of assurance provider or the level of assurance but are positively related to a broader assurance scope, indicating a substantive commitment to credible and comprehensive reporting. Additional sub‐sample analyses reveal that while both more and less ethical firms, as well as higher and lower ESG performers, tend to adopt SA, the effect is stronger among less ethical and lower ESG firms. This pattern aligns with legitimacy theory, suggesting that SA may also serve as a symbolic tool to manage perceptions and mitigate legitimacy threats. The findings contribute to the literature by jointly drawing on stakeholder and legitimacy perspectives to explain heterogeneity in sustainability assurance adoption and design, and they offer practical insights for regulators, standard setters, and investors seeking to evaluate the credibility of sustainability disclosures.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1111/beer.70133first seen 2026-07-15 05:12:57
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