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result(s) for
"Newsweek"
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Firm Characteristics, Industry Context, and Investor Reactions to Environmental CSR: A Stakeholder Theory Approach
2015
We use an event study to capture the investor reaction to the first Newsweek Green Rankings in September 2009, a notable, multi-dimensional recent development in the rating of corporate environmental CSR performance. Drawing on stakeholder theory, we develop hypotheses about (a) market investor reaction to the disclosure of new, relevant corporate environmental performance in both the short and longer (6–12-month) term, (b) whether market investors' reaction reflects industry context, and (c) whether firm-level contextual variables representing firm size, and market legitimacy significantly impacts the investor reaction. We find that, for the sample of the largest 500 US firms ranked by Newsweek, investors react positively both to the raw and within-industry rankings of green performance in terms of both short-term and longer-term (up to 12 months) returns. Moreover, the investor reaction is significantly influenced by contextual variables such as firm size and firm market legitimacy. Our results are compatible with the inference that rating agencies like Newsweek serve a valuable information dissemination function such that investors in better ranked firms anticipate larger future cash flows due to more positive reactions from key stakeholders such as environmentally-conscious customers, employees, NGOs, regulators, and thus reward these firms with stock price increases. Finally, larger, more visible firms benefit more, while firms which have more market legitimacy (represented by past financial performance) benefit less. We believe these findings will be of considerable interest to scholars of environmental corporate social responsibility.
Journal Article
The War in Ukraine on the Pages of Polish Weekly Opinion-Forming Magazines
by
Kaczmarek-Śliwińska, Monika
,
Ossowski, Szymon
in
Cooperation
,
International relations
,
Newsweek
2024
The conflict and relations between Poland and Ukraine are an important aspect of the geopolitical reality of Central and Eastern Europe. In the context of changing political, economic and social dynamics, the media play a key role in shaping public opinion and reporting on events between these two countries. In the article, we will analyse the role of the media in the context of the political and economic relations between Poland and Ukraine, following Russia’s invasion of Ukraine. We will focus on how the Polish media present the conflict, and its impact on cooperation and interactions between the two countries. The article will also present the potential impact the media representation of the conflict may have on international relations, including diplomacy, economic cooperation and regional integration. By analysing this issue, we will try to determine the role of the media as a factor influencing the perception and understanding of the relationship between Poland and Ukraine and the need for a critical approach to media narratives in the context of building common understanding and cooperation between the two countries. The content analysis will cover selected issues of weekly magazines representing various sides of the political scene:
,
and
Journal Article
Sustainability accounting reporting: issues for the automobile industry
by
García-Piña Rosete, Juan Carlos
,
Hernandez Barros, Rafael
in
Accountability
,
Accounting
,
Automobile industry
2024
Purpose The purpose of this research is to highlight the imperative need for an internationally accepted standard for sustainability accounting reporting, not exclusive to the analyzed sector but across all industries. Design/methodology/approach This paper uses an enhanced analysis of existing empirical literature on accounting reporting for sustainability efforts in corporate practices. The study uses two statistical techniques: multiple linear regression analysis and structural equations modeling, focusing on a sample drawn from the Newsweek Green Rankings within the automobile industry. Specifically, the analysis is conducted on data spanning from 2014 to 2016, covering three years and comprises 25 corporations from the Global Fortune 500 list. Findings The empirical analysis reveals a significant gap in sustainable reporting practices, highlighting the challenges of nonstandardized managerial accounting across the globe. This research portrays key benefits including enhanced data accessibility and the adoption of sustainable practices across industries. Furthermore, assisting in academic research. Research limitations/implications The study addresses challenges in researching sustainability constraints across various dimensions. The obtained empirical data could inform stakeholders, including accounting setters and managers in the automobile industry, about the pressing need to set uniform sustainability constraints comprehensively and to implement global reporting standards to foster transparency and accountability. Practical implications The sustainability accounting setters, such as Sustainability Accounting Standards Board and International Financial Reporting Standards Foundation, face the challenge of adopting globally accepted accounting standards for sustainability reporting. The statistical evidence correlates sustainable variables with three profitability margins (earnings before interest and taxes, earnings before interest taxes, depreciation and amortization and pretax), providing empirical proof of the degree of correlation among them. Social implications This paper aims to collaborate with the Meditari Accountancy Research Journal in bridging the gap in international standards for sustainability accounting reporting. It emphasizes the global significance of achieving a standardized approach to reporting for sustainability and its potential positive impact on corporations, governments, academic research teams and society. Originality/value Diverse societal stakeholders have advocated for the implementation of a more sustainable world. Currently, there is no international agreement on how to report for sustainability efforts. This paper evidences this gap, which if persistent would not allow for an accurate evaluation of progress and fulfillment of goals, causing a subpar performance without standard measures.
Journal Article
Media-driven Humanitarianism? News Media Coverage of Human Rights Abuses and the Use of Economic Sanctions
by
Peksen, Dursun
,
Peterson, Timothy M.
,
Drury, A. Cooper
in
20th century
,
21st century
,
Abusive behavior
2014
Despite significant research on the role that media coverage of human suffering has on foreign policymaking, no study to date has examined the news media's impact on the use of economic sanctions, a widely used policy tool to address humanitarian problems. This study explores whether news media coverage of human rights abuses in Newsweek and the New York Times increases the likelihood of US economic sanctions. Synthesizing insights from agenda-setting theory with recent work on the domestic origins of sanction policy, we argue that press attention to human rights violations increases the threat and imposition of sanctions by mobilizing the public to pressure leaders to take action against abusive regimes. We find support for this argument in statistical tests of US sanction cases between the 1976 and 2000 period. The results also indicate that the media's effect is conditioned by US strategic ties to potential targets: the effect of critical press coverage is stronger for US non-allies than allies. Further, this conditional effect occurs even though abusive allies receive more media attention than abusive non-allies. Overall, this manuscript shows that nonstate actors can have an important role on foreign policy decision making generally, and specifically that news media influence the US decision to use economic sanctions. Our analyses also suggest that leaders balance the public's demand for action with the security imperative to maintain good relations with allies.
Journal Article
The process of climate change in mass media discourse using the example of Polish and international editions of “Newsweek” magazine
2018
The main objective of the article is to conduct a critical media discourse analysis as presented in the Polish and international editions of the “Newsweek” magazine in the years 2001–2006 and 2012–2016; the subject of which was climate change. The introduction provides the definitions of the key terms, such as: the greenhouse effect and critical discourse analysis (CDA). The theoretical part presents the most important assumptions of the CDA and presents a characteristic of the weekly. The results of the conducted quantitative and qualitative analysis partially lead to varying conclusions. Based on the CDA, the hypothesis was assumed that more attention was provided to climate change in the international (English) edition of “Newsweek”, than in the Polish-language edition. Rejected in turn was the hypothesis, according to which, more importance to climate change and their repercussions was provided in the discourse within the last 5 years of publication of the weekly than in the discourse from the years 2001–2006. As a result of comparison of both discourses, the disturbing fact that media discourse did not present and encourage among the readers an active stance in favour of the climate was noticed. It is the task of this influential weekly, the message of which reaches many people, not only to provide knowledge and shape specific values or view, but also to encourage and popularise attitudes in favour of the climate. If man wants to continue to live on earth, then one of their goals is to modify the form of discourse by entities responsible for its form.
Journal Article
Investors’ Reaction to Environmental Performance: A Global Perspective of the Newsweek ’s “Green Rankings”
2015
We use event study analysis to determine whether the release of
Newsweek
’s “Global 100 Ranking” is relevant for the market. We look at one- and two-day event windows to check two possible reactions of the market: changes in the value of an equal-weight portfolio, and changes in the relative price of the stocks. The results show that the market reacted to the “Global 100 Ranking” by changing the relative price of the stocks, but not the value of the portfolio. Specifically, getting one position closer to the top of
Newsweek
’s “Global 100 Green Rankings” increases the value of an average firm in the list by eleven million dollars. There is also some evidence of a stronger reaction of non-US-traded stocks compared to US-traded ones. Non-heavy sector stocks display a more robust reaction than heavy sector stocks. We find that investors in US-traded stocks are interested in past environmental performance and managerial quality, while the second is more relevant for investors in non-US-traded stocks. Results are robust to alternative model specifications.
Journal Article
The weekly war : newsmagazines and Vietnam
2004
In The Weekly War, James Landers provides the first in- depth investigation of how the three major newsmagazines--Newsweek, Time, and U.S. News & World Report--covered the Vietnam War and the impact their coverage had on the American public, presidents, and policymakers. From March 1965 through January 1973 these magazines reached nearly one-third of adult Americans--second only to news programs on network television. Despite the popular impression that this was primarily a \"television war,\" the newsmagazines played a prominent role in informing the public about warfare and war policy. Summary reprinted by permission of University of Missouri Press
Poverty as We Know It: Media Portrayals of the Poor
2000
How the media portrayed the poor in the early 1990s is discussed, analyzing 149 photographs accompanying 74 news stories about the poor from five magazines, 1993-1998. White, black, Hispanic, & Asian American persons, as well as persons whose race was indeterminable, were identified, as were the photograph subjects' genders, ages, residences & work status. Findings indicate that many Americans overestimate the number of black poor; photographs tend to overrepresent blacks & underrepresent whites. Hispanics are described as also being underrepresented; however, no portrayals of poor Asian Americans were located. It is argued that media portrayals of the poor influence public opinion, particularly negative images of blacks. The disparity between the facts on poverty & media-provided pictures is highlighted. 47 References. D. Weibel
Journal Article