Grigoris Giannarakis

Grigoris Giannarakis
University of Western Macedonia | UOWM

About

50
Publications
95,154
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1,407
Citations
Citations since 2016
24 Research Items
1239 Citations
2016201720182019202020212022050100150200250
2016201720182019202020212022050100150200250
2016201720182019202020212022050100150200250
2016201720182019202020212022050100150200250
Introduction
NEW DEADLINE 30 June 2023. We encourage you to contribute a manuscript for consideration for publication in Sustainability - MDPI (ISSN: 2071-1050) for a Special Issue “Corporate Social Responsibility Disclosure Research – Sustainability Perspective”. Additional details for the Special Issue are available at: https://www.mdpi.com/journal/sustainability/special_issues/csr_disclosure Guest Editors: Dr. Grigoris Giannarakis, Dr. Stella Despoudi; Prof. Dr. Nikolaos Sariannidis

Publications

Publications (50)
Article
Dear Colleagues, It is stated that corporate social responsibility (CSR) and CSR disclosure have emerged together. It can be inferred that CSR is about the commitment of companies’ social and environmental concerns in their business operations beyond their legal obligations. Companies employ a range of different reporting tools to transmit their C...
Article
The paper intends to increase the understanding of the diffusion of the Corporate Social Responsibility (CSR) report standard. It specifically investigates the main determinants which influence the decision behind publishing the CSR report according to Global Reporting Initiative (GRI) guideline standards. Two different samples were employed for th...
Article
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The objective of this study is to examine, over the last 20 years, the short-run and long-run effect on global carbon dioxide (CO2) emissions of the stock returns, exchange rates and consumer confidence. Stock markets contribute to environmental degradation; as a result, we employed, for the first time, Dow Jones Sustainability World Index to use s...
Conference Paper
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Business Models (BM) and their recent evolution have shaped the way in Business Strategy. It is widely accepted that the formulation and implementation of business strategies, and the need for the development of competitive advantages, is directly related to BM. Within this context, a variety of theories, approaches, and tools has emerged with sign...
Article
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This study investigated corporate governance factors that could shape the decision for sustainability reporting. Specifically, this paper sets out to investigate the environmentally sensitive properties of distinct corporate governance characteristics vis-à-vis sustainable concerns strengthening the decision to develop environmental disclosures. Re...
Article
Purpose The present study examines the impact of the different dimensions of corporate social responsibility (CSR) performance on the financial performance of food companies. Design/methodology/approach As proxies for the financial performance, two different indices are employed: a single index, namely, operating income and an aggregate financial...
Article
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Purpose Based on Agency theory, the aim of this study is to investigate the determinants on the dissemination level of Corporate Governance Disclosure (CGD). Design/methodology/approach The sample of the study incorporates listed companies in Nifty 500 Index for the period 2009-2014. The Governance Disclosure Score (GDS) calculated by Bloomberg...
Chapter
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The economic crisis in recent years has brought significant challenges in almost all business and shown that exogenous factors act as catalysts in markets. As a consequence of such a result, there is a need to highlight the importance of implementing models for analyzing potential future firms’ behavior, namely creating models for assessing potenti...
Article
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Purpose The purpose of this study is to investigate the effect of environmental performance on the environmental disclosure level. Design/methodology/approach Carbon disclosure leadership index score is considered as a proxy of carbon disclosure level, while greenhouse gas (GHG) emissions as a proxy of environmental performance. In addition, six...
Article
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The predictability of stock returns by investors has been a crucial issue updating over the time. The aim of this study is to investigate the effect of economic leading indicator of Baltic dry index (BDI) on stock returns of socially responsible stock index. For the purpose of the study, Dow jones sustainability index world (DJSIW) is employed in t...
Article
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This study identifies the determinants of climate change disclosure under the prism of sustainable development in European context. The selected variables involve environmental performance, ownership structure, and verification of climate change initiatives. Cross-sectional data derived from the Bloomberg terminal of the European 500 index concerni...
Article
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The scope of this study is to address the impact of stock index returns on exchange rate. In particular, it aims to fill the literature gap regarding the determinant role of socially responsible companies on the exchange rate Trade Weighted U.S. Dollar Index to Major Currencies as a proxy for US dollar value. For this reason, the Dow Jones Sustaina...
Article
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This study intends to investigate whether stock returns affect the consumer sentiment. In particular, socially responsible companies are incorporated in the sample in order to capture the specification of socially responsible investors. For this reason, the University of Michigan Consumer Confidence Index is used as a proxy for consumer confidence,...
Article
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This study intends to investigate the main drivers of socially responsible stock index returns. For this reason, Dow Jones Sustainability Index World (DJSIW) is employed to identify companies that incorporate socially responsible initiatives in their business operations. As far as explanatory drivers of DJSIW returns are concerned, four variables a...
Article
In the light of the significant role of environmental accounting in sustainable development, this study examines whether climate change disclosure reflects a firm’s environmental performance. The novelty of the study stands on the approaches adopted toescribe environmental performance. The first approach concerns performance in terms of output, dir...
Article
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This paper examines the effect of various economic and financial indicators on the Dow Jones Sustainability Index (DJSI) returns. In particular, four explanatory variables are employed, namely United States (US) 10 Year Bond’s value, Gold price, Trade Weighted U.S. Dollar Index and Consumer Sentiment Index calculated by Michigan University. A gener...
Article
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This study investigates whether corporate social responsibility (CSR) affects the financial performance of the United States (US) companies. In particular, the impact of CSR on financial performance is investigated in terms of involvement in socially responsible initiatives instead of outcome. The Environmental, Social and Governance disclosure sco...
Article
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Although many empirical studies do exist on firms’ efficiency and exportability level of manufacturing firms, limited research exists on Clothing and Footwear (CFW) sector, especially in Greece. The CFW sector is a vital sector for Greece and can contribute to the startup of the Greek economy. This paper examines the determinants of exporting perfo...
Article
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Purpose: This study intends to ascertain whether weather variables can explain the stock return reaction on the Dow Jones Sustainability Europe Index (DJSI Europe) by employing a number of macroeconomic indicators as control variables. Methodology: The authors incorporate the Generalized Autogressive Conditional Heteroskeasticity (GARCH) model in m...
Article
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The major objective of the present paper is to identify the factors that influence the dissemination of environmental information. In particular, analyst stock recommendation, country level risk, corporate value and environmental performance are surveyed as determinants of the environmental dissemination level. The survey was based on a sample of 9...
Article
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The present study examines the effect of moments of crude oil prices including the variance, skewness and kurtosis, on the returns of the Dow Jones Sustainability Index (DJSI) of the Eurozone. The GARCH model is employed to examine the relationship of these moments with the DJSI of the Eurozone, for the time period from November 2001 until March 20...
Article
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This study examines the impact of financial and economic variables on the industrial Dow Jones Industrial Average (DJIA) using daily data over the sample period March 1995-May 2014 Gold, Bond, Currency, Metals and Oil market were taken into consideration, and, as well as, their impact on the DJIA. The results of the model GJR-Generalized Autoregres...
Article
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This paper investigates the impact of a plausible set of determinants, namely, greenhouse gas (GHG) emissions, Dow Jones Sustainability Index (DJSI), anti-bribery policy, the industry’s profile and the company's size on the extent of CSR disclosure in the United States (US). The Environmental, Social and Governance (ESG) disclosure score is used as...
Article
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This study investigates the relationship between social disclosures and environmental disclosures to six corporate characteristics, namely, return on sales, return on equity, leverage, board meetings of directors, board size and corporate size. For the purpose of the study, a sample of 100 companies from the Fortune 500 list is selected for the yea...
Article
Purpose – The purpose of this paper is to investigate the vital determinants on the extent of corporate social responsibility (CSR) disclosure in a US context. The selected variables are CEO duality, the presence of women in the board, greenhouse gas (GHG) emissions, emission reduction initiatives, company's risk premium, financial leverage and ind...
Article
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Purpose – This study aims to investigate the relationship between corporate governance and financial characteristics and the extent of corporate social responsibility (CSR) disclosure in the USA. These corporate governance and financial characteristics are the board meetings, average age of board members, presence of women on the board, the board’s...
Article
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Purpose – The aim of this study is to investigate the potential effects of corporate governance and financial characteristics on the extent of corporate social responsibility (CSR) disclosure focusing on the US companies. Design/methodology/approach – The sample consists of 366 companies from the Fortune 500 list for 2011. The environmental, socia...
Article
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A firm's financial performance is closely related to its environmental behavior. This result is valid especially in the case of socially responsible firms. In the present study a data econometric analysis is conducted based on a GARCH model for socially responsible and conventional firms. According to our findings, the performance of socially respo...
Article
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The aim of this study is to increase understanding of the potential effects of corporate characteristics on the extent of corporate social responsibility (CSR) disclosure. The sample consists of companies from the Fortune list for the year 2011 as they are more likely to disclose CSR information. The environmental, social, and governance disclosure...
Article
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The study aims to investigate the behavior of Corporate Social Responsibility (CSR) in periods of financial crisis. An analysis of CSR performance is given according to scoring systems based on the Global Report Initiatives (GRI) guidelines and the Business in the Community (BITC). In total, 110 companies are taken into account concerning GRI frame...
Article
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The concept of Corporate Social Responsibility (CSR) is mainly driven by large in size companies, while it is becoming clear that the concept is also of great importance to small and medium sized enterprises (SMEs). The purpose of this paper is twofold: Firstly, it investigates the factors that are important for the formation of business clusters....
Article
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Based on a global corporate social responsibility (CSR) standards, a comparative framework have been produced in order to evaluate corporate social performance in national level. The nine CSR standards are UN Global Compact, Global Reporting Initiatives guidelines, Ethibel Sustainable Index, Dow Jones Sustainability Index, Global 100, FTSE4Good, Ac...
Article
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The aim of this study is to illustrate what and how stand-alone Corporate Social Responsibility (CSR) reports and web information provide to readers. These characteristics are recorded in predetermined schemes. The study focuses on the telecommunication sector, especially on fixed and mobile telephony and internet access providers in the Greek mark...
Article
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In assessing the performance of national and multinational businesses, attention focuses not only on financial performance, but also on such issues as social responsibility, environmental impact, and employment practices. There is a range of guidance and reporting mechanisms that allows firms to assess and communicate their performance in the area...
Article
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The Telecommunication sector deals with numerous social and operational challenges such as technological development, increased demand for telecommunication services, health concerns and environment protection. The aim of this paper is to identify both general and sector-specific indicators in order to measure the Corporate Social Responsibility (C...
Article
The size and visibility of companies in the telecommunication sector are important factors affecting their social responsibility performance.
Article
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The aim of the study is to evaluate the effect of financial crisis in Corporate Social Responsibility (CSR)performance. An empirical analysis is conducted, based on companies that implement Global Report Initiatives(GRI) reporting guidelines modifying the application level in a point score system. Totally, 112 companies areincluded in the GRI repor...
Data
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The paper examines the impact of several macroeconomic variables on the Dow Jones Sustainability and Dow Jones Wilshire 5000 indexes, using a GARCH model and monthly data for the period January, 2000 to January, 2008. The results show that changes in returns of crude oil prices affect negatively the U.S. stock market, contrary to changes in returns...
Article
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The Corporate Social Responsibility (CSR) performance has garnered significant interest during the last two decades as numerous methodologies are proposed by Social Responsible Investment (SRI) indexes. The weight of each indicator is a crucial component of the CSR measurement procedures. Based on a previous study, the appropriate weight of each pr...
Article
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The measurement of social and psychological phenomena has been advanced by recent progress in the fields of behavioural economics and hedonic psychology. In addition, the increased interest in understanding how individuals perceive their own quality of life, has led to investigating the relations between various macro and individual level variables...
Article
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This study attempts to clarify major perspectives of Corporate Social Responsibility (CSR) in the Greek market related to companies that have sufficient CSR. An empirical analysis was undertaken, based on literature review and previous observations and surveys, in order to provide a general analysis of the CSR concept in Greece. The results of Acco...
Article
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This study investigates the relationship between 10 year bond value, Yen/U.S dollar exchange rate, non-farm payrolls (all employs) and crude oil to U.S. Dow Jones Sustainability Index. A GARCH model is used to test these relationships for the period January 1st 1999 to January 31st 2008 using monthly data. Results show that an increase of the 10 ye...

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