---
_id: '47911'
abstract:
- lang: eng
  text: <jats:title>ABSTRACT</jats:title><jats:p>This study examines how the disclosure
    of negative sustainability‐related incidents affects the investment‐related judgments
    of decision‐makers. Participants in a sequential 2 × 2 between‐subjects experiment
    first received a company's financial information before viewing additional sustainability
    information (by the company and by a non‐governmental organization (NGO); with
    and without negative disclosure). Results indicate that self‐reporting of negative
    incidents does not affect decision‐makers’ stock price estimates and investment
    decisions compared with judgments based on financial information only. However,
    third‐party disclosure of these incidents by a NGO has a negative affect on these
    investment‐related judgments. Furthermore, the magnitude of the NGO reporting
    effect depends on whether the company itself simultaneously reports these incidents.
    Thus, disclosing negative incidents in sustainability reporting could lose some
    of its apparent stigma. Instead of avoiding negative reporting altogether, managers
    might use it as a risk mitigation tool in their reporting strategy. The results
    also emphasize the power of the often‐mentioned ‘watchdog’ function of NGOs acting
    as stakeholder advocates. Copyright © 2013 John Wiley &amp; Sons, Ltd and ERP
    Environment</jats:p>
author:
- first_name: Daniel
  full_name: Reimsbach, Daniel
  id: '100169'
  last_name: Reimsbach
- first_name: Rüdiger
  full_name: Hahn, Rüdiger
  last_name: Hahn
citation:
  ama: Reimsbach D, Hahn R. The Effects of Negative Incidents in Sustainability Reporting
    on Investors’ Judgments–an Experimental Study of Third‐party Versus Self‐disclosure
    in the Realm of Sustainable Development. <i>Business Strategy and the Environment</i>.
    2013;24(4):217-235. doi:<a href="https://doi.org/10.1002/bse.1816">10.1002/bse.1816</a>
  apa: Reimsbach, D., &#38; Hahn, R. (2013). The Effects of Negative Incidents in
    Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party
    Versus Self‐disclosure in the Realm of Sustainable Development. <i>Business Strategy
    and the Environment</i>, <i>24</i>(4), 217–235. <a href="https://doi.org/10.1002/bse.1816">https://doi.org/10.1002/bse.1816</a>
  bibtex: '@article{Reimsbach_Hahn_2013, title={The Effects of Negative Incidents
    in Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party
    Versus Self‐disclosure in the Realm of Sustainable Development}, volume={24},
    DOI={<a href="https://doi.org/10.1002/bse.1816">10.1002/bse.1816</a>}, number={4},
    journal={Business Strategy and the Environment}, publisher={Wiley}, author={Reimsbach,
    Daniel and Hahn, Rüdiger}, year={2013}, pages={217–235} }'
  chicago: 'Reimsbach, Daniel, and Rüdiger Hahn. “The Effects of Negative Incidents
    in Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party
    Versus Self‐disclosure in the Realm of Sustainable Development.” <i>Business Strategy
    and the Environment</i> 24, no. 4 (2013): 217–35. <a href="https://doi.org/10.1002/bse.1816">https://doi.org/10.1002/bse.1816</a>.'
  ieee: 'D. Reimsbach and R. Hahn, “The Effects of Negative Incidents in Sustainability
    Reporting on Investors’ Judgments–an Experimental Study of Third‐party Versus
    Self‐disclosure in the Realm of Sustainable Development,” <i>Business Strategy
    and the Environment</i>, vol. 24, no. 4, pp. 217–235, 2013, doi: <a href="https://doi.org/10.1002/bse.1816">10.1002/bse.1816</a>.'
  mla: Reimsbach, Daniel, and Rüdiger Hahn. “The Effects of Negative Incidents in
    Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party
    Versus Self‐disclosure in the Realm of Sustainable Development.” <i>Business Strategy
    and the Environment</i>, vol. 24, no. 4, Wiley, 2013, pp. 217–35, doi:<a href="https://doi.org/10.1002/bse.1816">10.1002/bse.1816</a>.
  short: D. Reimsbach, R. Hahn, Business Strategy and the Environment 24 (2013) 217–235.
date_created: 2023-10-10T09:18:58Z
date_updated: 2023-10-30T11:37:18Z
department:
- _id: '186'
- _id: '815'
doi: 10.1002/bse.1816
intvolume: '        24'
issue: '4'
keyword:
- Management
- Monitoring
- Policy and Law
- Strategy and Management
- Geography
- Planning and Development
- Business and International Management
language:
- iso: eng
page: 217-235
publication: Business Strategy and the Environment
publication_identifier:
  issn:
  - 0964-4733
  - 1099-0836
publication_status: published
publisher: Wiley
status: public
title: The Effects of Negative Incidents in Sustainability Reporting on Investors’
  Judgments–an Experimental Study of Third‐party Versus Self‐disclosure in the Realm
  of Sustainable Development
type: journal_article
user_id: '21810'
volume: 24
year: '2013'
...
---
_id: '43216'
author:
- first_name: Anita
  full_name: Engels, Anita
  last_name: Engels
- first_name: Lisa
  full_name: Knoll, Lisa
  id: '88789'
  last_name: Knoll
- first_name: Martin
  full_name: Huth, Martin
  last_name: Huth
citation:
  ama: 'Engels A, Knoll L, Huth M. Preparing for the ‘real’ market: national patterns
    of institutional learning and company behaviour in the European Emissions Trading
    Scheme (EU ETS). <i>European Environment</i>. 2008;18(5):276-297. doi:<a href="https://doi.org/10.1002/eet.485">10.1002/eet.485</a>'
  apa: 'Engels, A., Knoll, L., &#38; Huth, M. (2008). Preparing for the ‘real’ market:
    national patterns of institutional learning and company behaviour in the European
    Emissions Trading Scheme (EU ETS). <i>European Environment</i>, <i>18</i>(5),
    276–297. <a href="https://doi.org/10.1002/eet.485">https://doi.org/10.1002/eet.485</a>'
  bibtex: '@article{Engels_Knoll_Huth_2008, title={Preparing for the ‘real’ market:
    national patterns of institutional learning and company behaviour in the European
    Emissions Trading Scheme (EU ETS)}, volume={18}, DOI={<a href="https://doi.org/10.1002/eet.485">10.1002/eet.485</a>},
    number={5}, journal={European Environment}, publisher={Wiley}, author={Engels,
    Anita and Knoll, Lisa and Huth, Martin}, year={2008}, pages={276–297} }'
  chicago: 'Engels, Anita, Lisa Knoll, and Martin Huth. “Preparing for the ‘Real’
    Market: National Patterns of Institutional Learning and Company Behaviour in the
    European Emissions Trading Scheme (EU ETS).” <i>European Environment</i> 18, no.
    5 (2008): 276–97. <a href="https://doi.org/10.1002/eet.485">https://doi.org/10.1002/eet.485</a>.'
  ieee: 'A. Engels, L. Knoll, and M. Huth, “Preparing for the ‘real’ market: national
    patterns of institutional learning and company behaviour in the European Emissions
    Trading Scheme (EU ETS),” <i>European Environment</i>, vol. 18, no. 5, pp. 276–297,
    2008, doi: <a href="https://doi.org/10.1002/eet.485">10.1002/eet.485</a>.'
  mla: 'Engels, Anita, et al. “Preparing for the ‘Real’ Market: National Patterns
    of Institutional Learning and Company Behaviour in the European Emissions Trading
    Scheme (EU ETS).” <i>European Environment</i>, vol. 18, no. 5, Wiley, 2008, pp.
    276–97, doi:<a href="https://doi.org/10.1002/eet.485">10.1002/eet.485</a>.'
  short: A. Engels, L. Knoll, M. Huth, European Environment 18 (2008) 276–297.
date_created: 2023-03-30T08:28:52Z
date_updated: 2023-10-02T12:03:05Z
department:
- _id: '121'
doi: 10.1002/eet.485
extern: '1'
intvolume: '        18'
issue: '5'
keyword:
- Management
- Monitoring
- Policy and Law
- Geography
- Planning and Development
language:
- iso: eng
page: 276-297
publication: European Environment
publication_identifier:
  issn:
  - 0961-0405
  - 1099-0976
publication_status: published
publisher: Wiley
status: public
title: 'Preparing for the ‘real’ market: national patterns of institutional learning
  and company behaviour in the European Emissions Trading Scheme (EU ETS)'
type: journal_article
user_id: '14931'
volume: 18
year: '2008'
...