{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,12]],"date-time":"2026-08-12T03:24:39Z","timestamp":1786505079176,"version":"3.56.0"},"reference-count":51,"publisher":"American Accounting Association","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2025,2,5]]},"abstract":"<jats:title>ABSTRACT<\/jats:title>\n               <jats:p>With the recent increase in demand for environmental, social, and governance (ESG) reporting, more companies are creating board-level ESG committees to oversee progress in these areas. Companies are also becoming more aware of the important role that information technology (IT) can play in achieving ESG reporting goals. I argue that an improvement in ESG factors goes hand in hand with an improvement in IT. Specifically, I predict that companies with ESG committees will also benefit through an improvement in IT outcomes. Using a sample of companies from 2004 to 2022 I investigate two direct and two indirect IT outcomes. I find that environmentally and socially focused committees are negatively associated with both IT-related material weaknesses in internal controls and cybersecurity breaches. Further, companies with governance committees report fewer breaches and issue more accurate earnings forecasts. Conversely, I find that firms with environmental and social committees take longer to announce earnings.<\/jats:p>\n               <jats:p>Data Availability: Data are available from the public sources cited in the text.<\/jats:p>\n               <jats:p>JEL Classifications: G30; M40; O32.<\/jats:p>","DOI":"10.2308\/isys-2024-050","type":"journal-article","created":{"date-parts":[[2024,7,9]],"date-time":"2024-07-09T15:30:11Z","timestamp":1720539011000},"page":"1-24","source":"Crossref","is-referenced-by-count":3,"title":["Environmental, Social, and Governance Committees and Information Technology Outcomes"],"prefix":"10.2308","volume":"39","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-4970-9411","authenticated-orcid":false,"given":"Jacob Z.","family":"Haislip","sequence":"first","affiliation":[{"name":"Texas Tech University"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"1112","published-online":{"date-parts":[[2025,3,1]]},"reference":[{"issue":"4","key":"2025030107523892800_B1","doi-asserted-by":"crossref","first-page":"589","DOI":"10.1111\/j.1540-6261.1968.tb00843.x","article-title":"Financial ratios, discriminant analysis and the prediction of corporate bankruptcy","volume":"23","author":"Altman,","year":"1968","journal-title":"The Journal of Finance"},{"issue":"2","key":"2025030107523892800_B2","first-page":"29","article-title":"Value-relevance of corporate social responsibility: Evidence from short selling","volume":"28","author":"Archana,","year":"2016","journal-title":"Journal of Management Accounting Research"},{"key":"2025030107523892800_B3","unstructured":"Ashley,\n              J.\n            , T.Hine, and R. V.Morrison. 2021. ESG governance: Board and management roles & responsibilities. Harvard Law School Forum on Corporate Governance. https:\/\/corpgov.law.harvard.edu\/2021\/11\/10\/esg-governance-board-and-management-roles-responsibilities\/"},{"issue":"5","key":"2025030107523892800_B4","doi-asserted-by":"crossref","first-page":"23","DOI":"10.2308\/accr-52622","article-title":"The impact of audit committee information technology expertise on the reliability and timeliness of financial reporting","volume":"95","author":"Ashraf,","year":"2020","journal-title":"The Accounting Review"},{"issue":"6","key":"2025030107523892800_B5","doi-asserted-by":"crossref","first-page":"3231","DOI":"10.1002\/csr.2549","article-title":"The CSR committee as moderator for the ESG score and market value","volume":"30","author":"Bifulco,","year":"2023","journal-title":"Corporate Social Responsibility and Environmental Management"},{"issue":"2","key":"2025030107523892800_B6","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2308\/jis.2008.22.2.1","article-title":"The effect of ERP system implementations on the management of earnings and earnings release dates","volume":"22","author":"Brazel,","year":"2008","journal-title":"Journal of Information Systems"},{"issue":"1","key":"2025030107523892800_B7","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.bar.2017.11.005","article-title":"The effects of environmental, social and governance disclosures and performance on firm value: A review of the literature in accounting and finance","volume":"50","author":"Brooks,","year":"2018","journal-title":"The British Accounting Review"},{"key":"2025030107523892800_B8","unstructured":"Carpenter Technology Corporation. 2023. Science, technology and sustainability committee charter. https:\/\/ir.carpentertechnology.com\/governance\/committee-charters\/default.aspx"},{"key":"2025030107523892800_B9","unstructured":"Corson,\n              M.\n            \n          \n          2023. CFOs who drive bolder changes in finance teams can deliver better performance today and position themselves to outperform in the future. EY. https:\/\/www.ey.com\/en_gl\/cfo-agenda\/dna-of-the-cfo-survey"},{"issue":"4","key":"2025030107523892800_B10","doi-asserted-by":"crossref","first-page":"1200","DOI":"10.1287\/isre.2020.0939","article-title":"Too good to be true: Firm social performance and the risk of data breach","volume":"31","author":"D\u2019Arcy,","year":"2020","journal-title":"Information Systems Research"},{"issue":"1","key":"2025030107523892800_B11","doi-asserted-by":"crossref","first-page":"73","DOI":"10.1016\/S0165-4101(02)00098-8","article-title":"An empirical analysis of analysts\u2019 cash flow forecasts","volume":"35","author":"DeFond,","year":"2003","journal-title":"Journal of Accounting and Economics"},{"issue":"4","key":"2025030107523892800_B12","doi-asserted-by":"crossref","first-page":"637","DOI":"10.2307\/30036551","article-title":"The value relevance of announcements of transformational information technology investments","volume":"27","author":"Dehning,","year":"2003","journal-title":"MIS Quarterly"},{"key":"2025030107523892800_B13","unstructured":"Deloitte. 2022. US public companies prepare for increasing demand for high quality ESG disclosures. https:\/\/www2.deloitte.com\/us\/en\/pages\/about-deloitte\/articles\/press-releases\/us-public-companies-prepare-for-increasing-demand-for-high-quality-esg-disclosures.html(last accessed September 12, 2023)."},{"key":"2025030107523892800_B14","unstructured":"Deloitte. 2023. Regulations take effect: ESG reporting software sales are expected to soar in 2024. https:\/\/www2.deloitte.com\/us\/en\/insights\/industry\/technology\/technology-media-and-telecom-predictions\/2024\/esg-reporting-software-growth-prediction.html"},{"issue":"4","key":"2025030107523892800_B15","doi-asserted-by":"crossref","first-page":"1427","DOI":"10.1111\/1911-3846.12001","article-title":"The effect of enterprise systems implementation on the firm information environment","volume":"30","author":"Dorantes,","year":"2013","journal-title":"Contemporary Accounting Research"},{"key":"2025030107523892800_B16","unstructured":"Douglas,\n              K.\n            \n          \n          2022. ESG board oversight considerations: What board committee(s) should oversee ESG in the current environment?Bass Berry & Sims Securities Law Exchange. https:\/\/www.bassberrysecuritieslawexchange.com\/esg-board-oversight\/"},{"issue":"1","key":"2025030107523892800_B17","doi-asserted-by":"crossref","first-page":"275","DOI":"10.2308\/accr-50577","article-title":"The unintended effect of corporate social responsibility performance on investors\u2019 estimates of fundamental value","volume":"89","author":"Elliott,","year":"2014","journal-title":"The Accounting Review"},{"key":"2025030107523892800_B18","unstructured":"Emerson. 2023. Technology and environmental sustainability committee charter. https:\/\/www.emerson.com\/en-us\/investors\/corporate-governance\/committee-charters\/technology-and-environmental-sustainability-committee-charter"},{"issue":"2","key":"2025030107523892800_B19","doi-asserted-by":"crossref","first-page":"319","DOI":"10.2307\/2491412","article-title":"Have financial statements lost their relevance?","volume":"37","author":"Francis,","year":"1999","journal-title":"Journal of Accounting Research"},{"issue":"1","key":"2025030107523892800_B20","doi-asserted-by":"crossref","first-page":"149","DOI":"10.1016\/j.jacceco.2014.09.005","article-title":"The importance of the internal information environment for tax avoidance","volume":"60","author":"Gallemore,","year":"2015","journal-title":"Journal of Accounting and Economics"},{"key":"2025030107523892800_B21","unstructured":"Grant Thornton. 2023. Tech needs to keep leading in ESG. https:\/\/www.grantthornton.com\/insights\/articles\/technology\/2023\/tech-needs-to-keep-leading-in-esg"},{"issue":"1\u20132","key":"2025030107523892800_B22","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1111\/jbfa.12182","article-title":"Corporate social performance, competitive advantage, earnings persistence and firm value","volume":"43","author":"Gregory,","year":"2016","journal-title":"Journal of Business Finance & Accounting"},{"issue":"1","key":"2025030107523892800_B23","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1093\/pan\/mpr025","article-title":"Entropy balancing for causal effects: A multivariate reweighting method to produce balanced samples in observational studies","volume":"20","author":"Hainmueller,","year":"2012","journal-title":"Political Analysis"},{"issue":"2","key":"2025030107523892800_B24","doi-asserted-by":"crossref","first-page":"71","DOI":"10.2308\/isys-51796","article-title":"The effect of CEO IT expertise on the information environment: Evidence from earnings forecasts and announcements","volume":"32","author":"Haislip,","year":"2018","journal-title":"Journal of Information Systems"},{"issue":"2","key":"2025030107523892800_B25","doi-asserted-by":"crossref","first-page":"318","DOI":"10.1287\/isre.2020.0986","article-title":"The impact of executives\u2019 IT expertise on reported data security breaches","volume":"32","author":"Haislip,","year":"2021","journal-title":"Information Systems Research"},{"issue":"1","key":"2025030107523892800_B26","doi-asserted-by":"crossref","first-page":"41","DOI":"10.2308\/isys-51294","article-title":"Repairing organizational legitimacy following information technology (IT) material weaknesses: Executive turnover, IT expertise, and IT system upgrades","volume":"30","author":"Haislip,","year":"2016","journal-title":"Journal of Information Systems"},{"issue":"2","key":"2025030107523892800_B27","doi-asserted-by":"crossref","first-page":"167","DOI":"10.2308\/isys-52530","article-title":"The influences of CEO IT expertise and board-level technology committees on form 8-K disclosure timeliness","volume":"34","author":"Haislip,","year":"2020","journal-title":"Journal of Information Systems"},{"issue":"3","key":"2025030107523892800_B28","doi-asserted-by":"crossref","first-page":"79","DOI":"10.2308\/isys-51402","article-title":"The relationship between board-level technology committees and reported security breaches","volume":"30","author":"Higgs,","year":"2016","journal-title":"Journal of Information Systems"},{"issue":"4","key":"2025030107523892800_B29","doi-asserted-by":"crossref","first-page":"59","DOI":"10.2308\/ajpt-51035","article-title":"Board risk committees and audit pricing","volume":"34","author":"Hines,","year":"2015","journal-title":"Auditing: A Journal of Practice & Theory"},{"key":"2025030107523892800_B30","unstructured":"Hyoky,\n              R.\n            , and J.Virranta. 2023. How can technology fast-track your journey to robust ESG reporting?EY. https:\/\/www.ey.com\/en_no\/consulting\/how-can-technology-augment-sustainability-reporting"},{"issue":"3\u20134","key":"2025030107523892800_B31","doi-asserted-by":"crossref","first-page":"716","DOI":"10.1111\/jbfa.12643","article-title":"Shareholder election of CSR committee members and its effects on CSR performance","volume":"50","author":"Khoo,","year":"2023","journal-title":"Journal of Business Finance & Accounting"},{"issue":"3","key":"2025030107523892800_B32","doi-asserted-by":"crossref","first-page":"761","DOI":"10.2308\/accr-10209","article-title":"Is earnings quality associated with corporate social responsibility?","volume":"87","author":"Kim,","year":"2012","journal-title":"The Accounting Review"},{"issue":"1","key":"2025030107523892800_B33","doi-asserted-by":"crossref","first-page":"219","DOI":"10.2308\/isys-50339","article-title":"The association between top management involvement and compensation and information security breaches","volume":"27","author":"Kwon,","year":"2013","journal-title":"Journal of Information Systems"},{"key":"2025030107523892800_B34","unstructured":"Leka,\n              L.\n            \n          \n          2022. Board oversight of sustainability and ESG. 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Improved environmental, social and governance (ESG) insight and data analytics could be important to delivering long-term value. EY. https:\/\/www.ey.com\/en_us\/assurance\/is-your-esg-data-unlocking-long-term-value"},{"key":"2025030107523892800_B39","volume-title":"Competitive Strategy: Techniques for Analyzing Industries and Competitors","author":"Porter,","year":"1980"},{"key":"2025030107523892800_B40","unstructured":"PwC. 2021. PwC\u2019s global investor survey: The economic realities of ESG. https:\/\/www.pwc.com\/gx\/en\/corporate-reporting\/assets\/pwc-global-investor-survey-2021.pdf"},{"key":"2025030107523892800_B41","unstructured":"PwC. 2023. 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