文章基本信息

标题：Corporate Sustainability Reporting and Firm’s Financial Performance in Emerging Markets
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作者：Wan Adibah Wan Ismail ; Sazilah Mohd Saad ; Nor Asma Lode 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2022
卷号：12
期号：1
页码：396-407
DOI：10.6007/IJARBSS/v12-i1/11364
语种：English
出版社：Human Resource Management Academic Research Society
摘要：This paper investigates whether corporate sustainability reporting is associated with high firm performance in emerging markets. Using a sample of 24,029 firm-year observations from 14 emerging markets, including China, Egypt, Greece, Hungary, India, Malaysia, Pakistan, the Philippines, Poland, Russia, South Africa, Thailand, Turkey and the United Arab Emirates, we find firms with corporate sustainability reporting is associated with high firm performance. The results are robust even after including the firm-level controls of firm size, leverage, litigation risk, market-to-book ratio, firm age, industry-level control of market competition, and country-level control of the gross domestic product. The findings from this cross-country study provides significant implications for the regulators in promoting sustainability reporting and in assisting investors in making better decisions.