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المؤلفAlazzani, Abdulsamad
المؤلفWan-Hussin, Wan Nordin
المؤلفJones, Michael
المؤلفAl-hadi, Ahmed
تاريخ الإتاحة2023-02-08T10:22:50Z
تاريخ النشر2021-02-07
اسم المنشورJournal of Risk and Financial Management
المعرّفhttp://dx.doi.org/10.3390/jrfm14020072
الاقتباسAlazzani, A., Wan-Hussin, W. N., Jones, M., & Al-Hadi, A. (2021). ESG reporting and analysts’ recommendations in GCC: The Moderation role of royal family directors. Journal of Risk and Financial Management, 14(2), 72.
معرّف المصادر الموحدhttp://hdl.handle.net/10576/39836
الملخصThis study examines whether financial analysts consider or incorporate the environmental, social and governance disclosures (thereafter ESG) in their recommendations. We then test whether royal family directors affect this relation. Using a dataset from six Gulf Cooperation Council (GCC) countries, we find evidence that analysts’ recommendations are influenced by ESG information. Further, we find the political connection negatively moderates the relationship between sell-side analysts’ recommendations and ESG. This suggests that financial analysts may assess the ESG disclosure in those firms with the political connection of royalty, in GCC countries, as superficial compliance rather than a genuine commitment. Our results are robust when subjected to endogeneity tests.
اللغةen
الناشرMDPI
الموضوعenvironmental
GCC
investment recommendation
royal family directors
social and governance
العنوانESG Reporting and Analysts’ Recommendations in GCC: The Moderation Role of Royal Family Directors
النوعArticle
رقم العدد2
رقم المجلد14
ESSN1911-8074
dc.accessType Open Access


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