Sustainability in the food and beverage sector and its impact on the cost of equity
Bibliographic Data
| ID | 21295745 |
|---|---|
| Authors | Renato Garzón-Jiménez (0000-0002-3904-7434, Universidad Católica de Santiago de Guayaquil), Ana Zorio-Grima (0000-0001-6835-7434, Universitat de València) |
| Year | 2022 |
| Volume | 124 |
| Issue | 8 |
| Pages | 2497-2511 |
| Publication date | 2022-07-22 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | British Food Journal (JOURNAL) |
| Journal identifiers | ISSN: 0007-070X • E-ISSN: 1758-4108 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/bfj-05-2021-0572 |
| OpenAlex | W3204082382 |
| Language | EN |
| Citations received | 1 |
| References cited | 64 |
Purpose The objective of this paper is to analyze in an international setting the relationship between environmental disclosures, carbon emissions and gender equality on the board of directors with the cost of equity (CoE) in the food and beverage sector. Design/methodology/approach The study sample includes 142 listed firms and 1,562 firm-observations from 35 developed and developing countries between 2009 and 2019. The authors implement a fixed-effects regression model to contrast the impact of the three sustainable variables of interest on the CoE. Findings The results of this study indicate that firms in the food and beverage industry benefit from a lower CoE due to better environmental disclosures and gender equality. On the other hand, carbon intensive firms are penalized with higher equity costs. Originality/value This study expands prior research on the effects of sustainable behavior on the CoE in the food and beverage industry by taking into account additional sustainability variables and a greater number of observations, both from developed and from developing countries
Beverage industry · Business · Developing country · Economic growth · Economics · Equity (law) · Food industry · Originality · Sample (material) · Sustainability · Corporate Finance and Governance · Corporate Social Responsibility Reporting · Environmental Sustainability in Business · Food Science · Marketing
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |