Corporate-level environmental information disclosure is increasingly common. This article studies the impact of a prominent media-generated sustainability ratings program, Newsweek’s 2009 ranking of the 500 largest U.S. firms. Using an event study methodology, the authors find the rankings had a significant impact on shareholder value. Firms in the top 100 experienced abnormal returns after the information release that were 0.6%–1.0% higher than returns of firms in the bottom 400. The form of the information released had significant effects as well. Nuanced environmental score variables had no independent impact on market outcomes; only the final ranking mattered. This article also explores possible channels through which the rankings may have had their impact. The authors find suggestive evidence that private and public politics mechanisms were the most important.
Vigie-PME
Forecasting the purchase intention of IT product: Key roles of trust and environmental consciousness for IT firms
- 18 Août
- Clics: 8889
- Articles scientifiques
Publication date: October 2015
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Chieh-Peng Lin, Yuan-Hui Tsai, Chou-Kang Chiu, Chia-Ping Liu
The dramatic deviations between a firm's CSR statements and its actual business practices show negative effects on consumers' trust and purchase intention. This study assesses consumers' purchase intention of IT product from the aspect of trust and environmental consciousness. The empirical results of this study show that the positive relationship between trust and purchase intention is positively moderated by environmental consciousness. Materialism increases the positive interaction effect of trust and environmental consciousness on purchase intention, such that the positive relationship between trust and purchase intention is stronger when both environmental consciousness and materialism are higher. Materialism increases the negative interaction effect of hypocrisy and environmental consciousness on trust, such that the negative relationship between hypocrisy and trust is stronger when both environmental consciousness and materialism are higher.
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Chieh-Peng Lin, Yuan-Hui Tsai, Chou-Kang Chiu, Chia-Ping Liu
Opportunities and challenges of a world with negligible senescence
- 18 Août
- Clics: 8312
- Articles scientifiques
Publication date: October 2015
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Barry B. Hughes, Randall Kuhn, Eli S. Margolese-Malin, Dale S. Rothman, José R. Solórzano
The development of anti-aging technologies could have dramatic implications for a world already challenged by population aging. We explore how the world might evolve given the development and deployment of technologies capable of nearly eliminating mortality and morbidity from most causes. We consider both the great benefits and some of the complex sociopolitical rebalancing resulting from such advances. We use the International Futures (IFs) long-term, multi-issue, global forecasting system in our analysis of the interactions among demographic changes, the related changes in health costs and government finances, shifts in labor force participation, resultant economic transformations, and the environmental sustainability of the dramatically-altered human demands that emerge. We find that the widespread deployment of anti-senescence technologies would cause populations to surge—making fertility rates an issue of tremendous social import—while a much larger, healthier, labor force would spur economic growth. But this is not a given; the cost of treating entire adult populations could prove unbearable to non-high-income economies without significant transfers within and across societies. In the absence of new transformative production technologies, life-pattern financing would require the virtual elimination of retirement and a major restructuring of government finances. Pressures on the environment would also greatly intensify.
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Barry B. Hughes, Randall Kuhn, Eli S. Margolese-Malin, Dale S. Rothman, José R. Solórzano
Modeling corporate social performance and job pursuit intention: Forecasting the job change of professionals in technology industry
- 18 Août
- Clics: 9355
- Articles scientifiques
Publication date: October 2015
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Yuan-Hui Tsai, Chieh-Peng Lin, Hwa-Chun Ma, Rong-Tsu Wang
Various social trends in modern society have changed the attitude of high-tech personnel who look for a job. An important factor for successful recruitment in technology industry is to increase the pursuit intention of a variety of potential high-tech job seekers. This research predicts such pursuit intention by proposing a model based on social identity theory and social signaling theory. In the model, this study hypothesizes that perceived corporate ability, positive publicity, and corporate social responsibility are positively related to pursuit intention and word-of-mouth indirectly via the mediating mechanism of career development expectation and firm's attractiveness. Such mechanism has not yet assessed in previous literature. The findings of this research complement prior studies by presenting how a firm's ability, publicity and social responsibility should be jointly taken into account to strengthen recruitment campaigns. Last, managerial implications and limitations are provided.
Source:Technological Forecasting and Social Change, Volume 99
Author(s): Yuan-Hui Tsai, Chieh-Peng Lin, Hwa-Chun Ma, Rong-Tsu Wang
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