Jose M. Moneva

Jose M. Moneva
University of Zaragoza | UNIZAR · Department of Accounting and Finance (FECEM)

Professor

About

107
Publications
57,545
Reads
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4,244
Citations
Citations since 2016
36 Research Items
2679 Citations
20162017201820192020202120220100200300400
20162017201820192020202120220100200300400
20162017201820192020202120220100200300400
20162017201820192020202120220100200300400
Additional affiliations
June 2015 - present
University of Zaragoza
Position
  • Head of Faculty
December 2010 - present
University of Zaragoza
Position
  • Professor (Full)
January 2003 - June 2015
University of Zaragoza
Position
  • Vice-dean

Publications

Publications (107)
Article
The European sustainable finance taxonomy requires financial and nonfinancial companies to provide investors with information about the environmental performance of their assets and economic activities. For financial institutions, making socially and environmentally responsible investments visible through a common label that guarantees specific sta...
Article
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There has been increasing research on pedagogical approaches, sustainability competences, and how to connect them in Higher Education Institutions (HEIs). This paper's aim is to provide deeper insights into the system of pedagogical approaches and sustainability competences, as well as how these interrelate. A survey was developed to investigate su...
Article
Airlines' negative impacts are rising due to the growth of the industry, and therefore new and more sustainable alternative business models are being developed and implemented. In this context, this paper analyses how airlines are incorporating Circular Economy (CE) into their service model and proposes a framework to identify the main practices of...
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Towards the improvement of environmental sustainability and the conservation of biodiversity, organisations are increasingly aware of the importance of reporting their impacts on biodiversity and the conservation plans undertaken. Biodiversity accounting and reporting are relevant for developing organisational practices oriented towards environment...
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A circular economy (CE) transforms the linear system into a resource flow model based on reusing products and materials and increasing lifetime periods. This academic work aims to review the current CE research status from business, economic, and managerial (BEM) research perspectives. We carried out a systematic and bibliometric analysis to gather...
Article
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El impacto ambiental del sector agroalimentario es crítico a nivel mundial dados los altos niveles de contaminación, pérdida de recursos y de energía que le son atribuidos. Así, el desarrollo de la economía circular en el sector aparece como una oportunidad y un desafío. Para esto, la generación de información útil para la toma de decisiones circul...
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This study reviews the impact of the Spanish Transparency Law (TL) 19/2013 and the Union of European Football Associations’ (UEFA) Financial Fair Play (FFP) regulations, on the transparency and accountability of Spanish professional football clubs, and examines the influence of financial performance on the transparency of Spanish football clubs. Th...
Chapter
The University of Zaragoza is the only public University located in the Region of Aragon (Spain). It has 27,425 undergraduate and exchange students and 4,490 doing a master or a PhD program. The Faculty of Economics and Business is one of the largest centers at the University of Zaragoza and a benchmark in the social sciences among the Spanish univ...
Article
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Companies are gradually becoming conscious about the necessity of reducing their environmental impact and adopting low-carbon strategies in order to cope with increasing institutional and social demands. However, remaining competitive while reducing the environmental impact and improving the corporate image requires adopting sophisticated mechanism...
Chapter
https://www.efl.es/catalogo/mementos/memento-responsabilidad-social-corporativa?gclid=EAIaIQobChMIoNGT1qq68gIVQertCh2XiAa3EAQYASABEgIjZ_D_BwE
Article
Non-profits (NPOs) are one of the key agents in implementing socio-economic policies, financial reporting being relevant for their stakeholders. Different accounting regulations exist in Europe, with no required, common accounting standards to promote these entities’ participation in diverse countries and societies. We analyse the current differenc...
Article
At a micro level, eco‐innovation marks a transition towards a circular economy (CE), and standardised routines and controls are being implemented by businesses to introduce eco‐innovative processes and thus a circular business model. Eco‐innovation applied to a circular model implies changes to companies' environmental management and accounting pra...
Article
This study tests the bidirectional connections between corporate social responsibility performance and the financial performance of firms within the tourism sector and related industries based on the instrumental stakeholder and slack resources theories. Disaggregated measures of firms’ corporate social responsibility practices and corporate financ...
Article
Hace poco más de veinticinco años de la publicación del primer número especial de la Revista Española de Financiación y Contabilidad sobre investigación en contabilidad social y medioambiental. Debido al apreciable auge y relevancia de la investigación científica en esta área, el presente número especial pretende destacar los hitos más relevantes d...
Article
Currently, numerous governments and international organisations are promoting the implementation of the circular economy - both within the EU and in other regions – as an alternative to lineal models, and in search of a compromise between competitiveness and the sustainable exploitation of resources. The implementation of a circular business model...
Chapter
During recent decades, sustainability reporting has been a widespread practice for organizations from different regions around the world, as well as for different economic sectors. Around the three aspects of sustainability, the social dimension–the aim of this research–is the most confusing concept (in comparison to the environmental and economic...
Article
This article presents a spatial analysis of the evolution of energy poverty in Spanish households, and aims to measure the socioeconomic impact of energy poverty. The economic-financial measurement of palliative measures implemented and social perceptions of energy poverty are also dimensioned. In order to analyse holistically the economic-financia...
Article
The actual drivers of companies’ environmental disclosure have been widely studied and yet with no conclusive results. Most literature looks for the link between environmental performance and environmental disclosure, as reflection of the company instrumental or normative approach to sustainability. However, over the last decade, a growing number o...
Article
The actual drivers of companies’ environmental disclosure have been widely studied and yet with no conclusive results. Most literature looks for the link between environmental performance and environmental disclosure, as reflection of the company instrumental or normative approach to sustainability. However, over the last decade, a growing number o...
Article
The main objective of this article is to contribute empirically to the understanding of the impact that eco-innovation has on firms’ financial performance within the framework of the resources-based view. Specifically, eco-innovation is measured by using eco-innovative activities and financial resources applied to eco-innovation to argue that the i...
Article
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Objetivo – El artículo tiene como objetivo identificar desde la teoría de la legitimidad los factores que influyen en la elaboración y publicación de los informes de sostenibilidad de empresas pertenecientes a sectores ambientalmente sensibles. Metodología – La aplicación del método de estudio de caso se ha desarrollado mediante entrevistas estruct...
Article
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The aim of this study is to analyze if there is a direct causal relationship between small firms’ orientation toward corporate social responsibility and their competitive success, mediated by innovation and performance. A structural equation model has been applied to a sample of 758 small Spanish firms. The results indicate that, in times of econom...
Article
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Interest from academics, policy–makers and practitioners in eco-innovation has increased as it enables the optimization of the use of natural resources improving competitiveness and it provides a conceptual framework for corporate sustainability. In this context, this paper provides an in-depth analysis and a wide classification of the specific ind...
Article
Despite the growing number of studies on eco-innovation, the measurement of the specific financial resources applied to the eco-innovation process by firms and its internal management have not been thoroughly elucidated to date. Therefore, the main objectives of this study is to define, classify, and measure different dimensions of financial resour...
Article
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Purpose – The paper aims to use legitimacy theory to identify the main drivers that influence the elaboration and publication of sustainability reports of companies belonging to environmentally sensitive sectors. Design/methodology/approach – A case study was developed through structured interviews with the managers of sustainability departments or...
Article
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Socially responsible (SR) mutual funds match financial and environmental, social, and governance criteria in their portfolio management strategies. Several studies have examined the behavior of these funds in terms of return–risk, obtaining very different results. The present study discusses previous results and shows how these funds often outperfo...
Article
The determinants of accountability and their links to environmental performance have been extensively studied, but without reaching solid conclusions, especially among SMEs. The once promising approaches of CSR and green economy are subject to mistrust, partly derived from a lack of awareness and understanding of what companies really do and why. T...
Article
Abstract: Public and private organisations promote corporate social responsibility (CSR) practices in small and medium enterprises (SMEs) to achieve competitive advantages in their relationship with stakeholders. Different studies indicate that SMEs have found benefits in their CSR performance. The aim of the present study is contributing to the kn...
Article
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Public and private organisations promote corporate social responsibility (CSR) practices in small and medium enterprises (SMEs) to achieve competitive advantages in their relationship with stakeholders. Different studies indicate that SMEs have found benefits in their CSR performance. The aim of the present study is contributing to the knowledge of...
Article
This study delves into the long-term relationship between social and financial performance of organizations. The aim of this study is to analyse the evolution of this relationship during the global financial crisis to ascertain both how companies have evolved in terms of CSR strategic consistency under financial uncertainty, and the relationship th...
Article
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Socially responsible companies develop strategies based on ESG criteria. Literature and agents operating in the markets are concerned about knowing whether the Corporate Social Responsibility (CSR) and Corporate Governance (CG) practices have a positive impact on financial performance. Main studies indicate that good CG practices are associated wit...
Article
This paper, which is of interest to practitioners, will analyse companies in the manufacturing sector that hold Spanish and European environmental patents, linking the registered green patents with the economic and financial characteristics of the companies. Specifically, the relationship between green patents and the collaboration of companies wit...
Article
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The growing demand for environmental information from the stakeholders and the interest of companies in making their commitment to the environment visible have contributed to the increase of environmental reporting by companies, either voluntary or compulsory, through the annual reports and in other reports. The aim of this paper is to analyze the...
Book
This book contains the refereed proceedings of the International Conference on Modeling and Simulation in Engineering, Economics and Management, MS 2016, held in Teruel, Spain, in July 2016. The event was co-organized by the AMSE Association and the University of Zaragoza through the GESES Research Group, with the support of the SoGReS-MF Research...
Chapter
The Kyoto Protocol has opened up an international debate about the appearance of different regulations which focus on carbon accounting and reporting. Specifically, the Kyoto Protocol established that the Conference of the Parties shall define the relevant principles, models, rules and guidelines, in particular for verification, reporting and accou...
Article
Recent research on time-varying systematic-risk (beta) modeling reveals significant advantages in utilizing daily financial data and unobserved-component models. This research proposes a state-space market model with conditional heteroscedastic errors, thus addressing the leptokurtosis of the unconditional distribution of the disturbances and reduc...
Article
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Most of the world's leading economies felt during 2008 into a recession period, mainly due to the emergence of the global financial downturn. This has lead to an increase in the volatility le-vels on stock markets. Under this context, there is a growing need to accurately assess the risk to which investment portfolios are exposed, in addition to en...
Chapter
This chapter focuses on the analysis of the International Corporate Sustainability Barometer (ICSB) results in Spain, which is the fourteenth largest economy in the world by nominal GDP. A total of 23 Spanish listed companies have participated in the survey, representing about 4.9 % of the total number of companies involved in the ICSB project. Alt...
Article
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Purpose – This paper aims to investigate the link between a sustainable supply chain and companies’ financial performance (FP) and provide empirical evidence about the relationship between these two constructs. This link is an important, but still unclear, subject. Design/methodology/approach – Multivariate measures of sustainable supply chain per...
Article
Although sustainable and responsible investment (SRI) has quite recently become a hot research topic, scarcely any systematic research has been paid to the performance of this non-conventional approach to investment during the financial crisis that emerged in mid-2008 when the resilience of the financial markets was sorely tested. Such real-world r...
Article
The growth of Socially Responsible Investment (SRI) has been impressive during the last two decades. Such growth has stimulated financing of developments and improvements in cleaner production methods, consumption patterns of responsible corporations and, in general, changed behaviour towards corporate sustainability. However, cleaner production in...
Article
The goal of this paper is to measure the financial performance of 21 primary Clean Techs (CT) equity indexes, covering the primary energy markets worldwide. We use a modified state-space market model to recursively estimate the risk/return performance of each index, and two market benchmarks are considered, thus providing a more accurate picture of...
Article
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Alterations in the institutional environment, as a result of the markets integration process and the consequent alterations in stakeholders’ conduct are one of the important vectors of changes in companies’ behavior. In that context, in addition to their yields those companies happen to worry about their attitudes in relation to social and environm...
Article
Alterations in the institutional environment, as a result of the markets integration process and the consequent alterations in stakeholders' conduct are one of the important vectors of changes in companies' behavior. In that context, in addition to their yields those companies happen to worry about their attitudes in relation to social and environm...
Article
Full-text available
El presente trabajo analiza si los procesos de selección de empresas basados en criterios sociales y medioambientales determinan el rendimiento de las estrategias de inversión socialmente responsables en un contexto europeo. Se comparan los niveles de rentabilidad y riesgo obtenidos por dos de los principales Índices Bursátiles Socialmente Responsa...
Article
This paper explores the financial performance of a mainstream socially responsible investment equity index in emerging markets: the Brazilian Corporate Sustainability Index. The results indicate that investors in emerging markets could accommodate their ethical values while at the same time not scarifying their overall portfolio performance in bull...
Article
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The objective of this work consists in examining the dynamic process of the systematic risk experimented by the most representative exchange indexes of the Chilean securities market. To do so, a GARCH multivariant model is proposed in order to relax several of the hypotheses implicit in the traditional market model, such as temporary stability of t...
Article
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The aim of this paper is to explore the relevance of institutional influences on corporate environmental reporting practices. The wind energy sector in Spain was chosen for analysis because of its rapid growth and significant impact on moves towards cleaner energy production. A content analysis of recent sustainability reports (2005-2009) from seve...
Article
La inversión sectorial ha experimentado un crecimiento significativo durante los últimos años en los mercados bursátiles internacionales y, en particular, en el mercado español. Por ello, la estimación precisa del coeficiente de riesgo beta constituye una actuación relevante de los gestores de carteras de inversión sectoriales para llevar a cabo de...
Article
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Sector investment has grown significantly in international stock markets an also in the Spanish one, during the last few years. Among other issues, sector portfolio managers need to estimate accurately the beta of their portfolios in order to carry out more efficient investment strategies. Against this background, this paper analyses the dynamic be...
Article
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En una época en la que el desempeño en materia de sostenibilidad parece no cumplir las expectativas creadas por el concepto de desarrollo sostenible y, en la que además, la recesión y la crisis económica podría estar erosionando aún más los valores y preocupaciones sociales y medioambientales, la noción de crisis de sostenibilidad proporciona un in...
Article
This paper looks at the extent to which Spanish concessionaires of toll motorways have adopted accounting reporting standards that provide environmental information. These companies were among the first to disclose environmental information. Using content analysis methods, we focus on the environmental disclosures included in the financial statemen...
Article
This research sets out to assess the market reaction to events related to inclusion in and exclusion from the Dow Jones Sustainability Stoxx Index, which are associated with good and bad levels of Corporate Social Performance. The present work introduces a new effect-non-exclusion of the index-which reflects a corporate effort on maintaining higher...
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La integración de la cultura de la responsabilidad social constituye uno de los ejes centrales de la Estrategia Universidad 2015 como elemento fundamental del compromiso de la Universidad española con la sociedad y con su tiempo. Entre las acciones a acometer, las universidades responsables deben garantizar la rendición de cuentas mediante el estab...
Article
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El trabajo pretende mostrar la evolución de las prácticas en materia de divulgación de información de sostenibilidad desde sus orígenes. Para ello, se revisan y discuten las principales teorías que explican este fenómeno. La presente investigación analiza también el estado de la cuestión en materia de divulgación de información de sostenibilidad en...
Article
Purpose The aim of this paper is to evaluate the significance of the link between corporate environmental and financial performance in order to show managers how an adequate management of environmental factors could contribute to the financial success of the firm. Design/methodology/approach The paper analyses the environmental and financial perfo...
Article
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El presente trabajo pretende modelar la dinámica del riesgo sistemático de los índices bursátiles más representativos del mercado de valores chileno. Para tal fin, se propone un modelo en el espacio de los estados del CAPM, que permite estimar la evolución de sus coefi cientes de riesgo mediante la aplicación del algoritmo Filtro de Kalman. Los res...
Conference Paper
Full-text available
The aim of this paper is to observe the intra-industry differences to the environmental performance, considering the institutional approach. To do this, a content analysis is carried out from a methodological comparative and longitudinal perspective related to environmental reporting disclosures of the main Spanish electricity companies. More recen...
Article
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Previous literature on the analysis of the relationship between environmental reporting and financial performance shows mixed results, due to the use of a broad variety of research methods and the lack of objective environmental performance measures. This paper adopts a new approach to explore this relationship, analysing the value relevance of dif...
Article
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The aim of this research is to analyze the development of sustainability reporting practices from a critical perspective. A global descriptive study has been raised, making special reference to the Spanish organizations. From the basic concepts of «sustainable development», «triple bottom line» and «accountability», a historical review has been car...
Article
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Cada vez es más habitual la introducción de prácticas de Responsabilidad Social Corporativa (RSC) en la gestión de las empresas. En el caso de las PYMEs, este proceso se lleva a cabo en forma distinta a las grandes compañías, debido fundamentalmente a las estructuras de propiedad y de organización propias. El objetivo de este trabajo es explorar pa...
Article
Full-text available
Cada vez es más habitual la introducción de prácticas de Responsabilidad Social Corporativa (RSC) en la gestión de las empresas. En el caso de las PYMEs, este proceso se lleva a cabo en forma distinta a las grandes compañías, debido fundamentalmente a las estructuras de propiedad y de organización propias. El objetivo de este trabajo es explorar pa...
Article
Full-text available
Purpose The aim is to determine whether the organisations more strategically committed to their stakeholders present better social and financial performance and, based on this relationship, to determine the state of the art of the Spanish sectors' approach to sustainable development. Design/methodology/approach This paper analyses the sustainabili...
Article
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Purpose – The aim of this paper is to respond to commentaries on Bebbington, Larrinaga‐Gonzales and Moneva, by Unerman and by Adams, published in Accounting Auditing & Accountability Journal, Vol. 21 No. 3. Design/methodology/approach – The paper reviews and discusses the points suggested/contested by the commentary papers. Findings – That given...
Article
Full-text available
Purpose The purpose of this paper is to explore the proposition that corporate social responsibility reporting could be viewed as both an outcome of, and part of reputation risk management processes. Design/methodology/approach The paper draws heavily on management research. In addition, an image restoration framework is introduced. Findings The...
Article
The success of the retail industry and especially that of supermarkets is largely determined by the services they offer. Even though service quality scales have been developed in different sectors, because of the unique characteristics of supermarkets, it seems convenient to create a specific scale for them. The results of this study indicate that...
Article
The emergence of ethical investment is a sign of the increasing interest of shareholders in the impact of corporate activities on sustainable development. The objective of this article is to analyse the relationship between the sustainable performance of a company and its financial performance measured by stock market value. Belonging to the Dow Jo...
Article
Full-text available
Purpose To determine whether the strategic commitment of the company to its stakeholders is positively related to its social and financial performance. Design/methodology/approach This paper analyses the mission statements and the sustainability reports, of a sample of 52 Spanish listed firms (70 per cent Madrid stock index capitalization). The vi...
Article
This paper analyses environmental reporting practices found in the annual reports published by 51 large companies operating in Spain, with the aim of determining which factors in the firms analysed – belonging to ecologically sensitive sectors – explain the quantity and characteristics of the environmental information published and its evolution. M...
Article
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En los últimos años se ha experimentado un crecimiento en el número de empresas que publican información social y medioambiental formalmente, mediante memorias de sostenibilidad y, habitualmente, siguiendo criterios internacionales como los propuestos por la Global Reporting Initiative. Este proceso ha tenido un gran impacto en España, superior a l...
Article
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Las empresas de inserción (EI) están sometidas a una doble tensión. Por un lado, tienen que participar de las dinámicas del mercado, por tanto competir y ser viables en términos de precio, coste y calidad. Por otro, quieren ser medio de inclusión social a través del empleo. De hecho, su objetivo principal es ser una vía de acceso al mercado laboral...