文章基本信息

标题：An Investigation of the Economic Performance of Sustainability Reporting Companies Versus Non-reporting Companies: A South African Perspective
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作者：Pieter Buys ; Merwe Oberholzer ; Panagiotis Andrikopoulos 等
期刊名称：Journal of Social Sciences
印刷版ISSN：0971-8923
出版年度：2011
卷号：29
期号：2
页码：151-158
出版社：Kamla-Raj Enterprises, Delhi
摘要：This study explores the potential differences in the economic performances of companies that report on their sustainability information and those companies that do not report thereon. Even though there have been similar studies conducted in 1 s t world countries, this is the first study of its kind in a developing economy, and considers the economic performances of South African publicly listed companies. Annual performance data, from 2002 to 2009, for the two groups of companies was taken from the McGregor BFA database. The significance of the average differences between key financial indicators of the test-group and the control-group was determined by the t-test, while the difference of positive or negative Economic Value Added and Market Value Added values between these two groups was also evaluated. Even though some evidence indicates that companies that disclose sustainability reports may experience better economical performance, the statistical analysis could not confirm a definite positive relationship between sustainability reporting and economic performance.
关键词：Corporate Social Responsibility. Financial Performance. Shareholder Value. Stakeholder Value. ; Sustainability. Sustainable Development