【讲座时间】2024年4月9日 14:00
【讲座地点】会计学院108室
【讲座主题】The Impact of Mandatory ESG Disclosure on Supply Chain Sustainability: Evidence from SMETA Audits
【嘉宾介绍】辛显刚，香港城市大学会计学副教授
Xiangang Xin is an Associate Professor from the Department of Accountancy, City University of Hong Kong. He received his PhD in accounting from the Chinese University of Hong Kong. His research interests include corporate disclosure, culture and international accounting. He has published papers in Journal of Financial Economics, Journal of Accounting Research, The Accounting Review, Journal of International Business Studies, and Contemporary Accounting Research. He is currently the associate editor of Asia-Pacific Journal of Accounting & Economics.
【内容提要】
Social audits help customers to assess the ESG performance of their suppliers to ensure that they are working with sustainable suppliers. This study investigates the impact of mandatory ESG disclosure on firms’ employment of social audits in terms of SMETA audits. We find that firms are more likely to employ SMETA audits subsequent to the mandatory ESG disclosure regulation, consistent with a complementary effect of mandatory ESG disclosure on SMETA audits. This effect is stronger for firms with lower levels of ESG performance or ESG disclosure prior to the regulation and firms facing higher pressure from customers. We further find that firms which employ SMETA audits following mandatory ESG disclosure establish more new contracts with customers and experience sales growth. Overall, our study provides novel evidence on the impact of mandatory ESG disclosure on social audits and sheds light on the role of ESG disclosure regulation in promoting supply chain sustainability.
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