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Sustainability reporting and firm’s performance

Author

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  • Amina Buallay

Abstract

Purpose - The purpose of this paper is to provide a comparison between manufacturing and banking sectors with regards to the level of sustainability reporting (environmental, social and governance (ESG)) and its impact on operational, financial and market performance. Design/methodology/approach - The research is quantitative, based on pooled data analysis of 932 manufactures and 530 banks listed on 80 countries for ten years from 2008 to 2017 ending up with 11,705 observations. A multivariate model is used to investigate the impact of sustainability reporting (ESG) on a firm’s performance. The theoretical model is built on agency, legitimacy, resources and stakeholders’ theories. The practical model is built on independent variable (ESG) and the dependent variables (return on assets, return on equity and Tobin’sQ). Findings - The findings deduced from the empirical results on one hand demonstrated that ESG positively affect the operational, financial and market performance in the manufacturing sector. However, on the other hand, the ESG negatively affect the operational, financial and market performance in the banking sector. Originality/value - This research makes a contribution to the scarce literature and compares the level of sustainability reporting and its impact on performance in both the manufacturing and banking sector which are two of the major and important sectors in the global financial markets.

Suggested Citation

  • Amina Buallay, 2019. "Sustainability reporting and firm’s performance," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 69(3), pages 431-445, December.
    • Handle: RePEc:eme:ijppmp:ijppm-10-2018-0371
    DOI: 10.1108/IJPPM-10-2018-0371
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    Citations

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    Cited by:

    1. Mesut Doğan & Mustafa Kevser, 2021. "Relationship Between Sustainability Report, Financial Performance, and Ownership Structure: Research on The Turkish Banking Sector," Istanbul Business Research, Istanbul University Business School, vol. 50(1), pages 77-102, May.
    2. Simona Galletta & Sebastiano Mazzù & Valeria Naciti & Carlo Vermiglio, 2022. "Gender diversity and sustainability performance in the banking industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 161-174, January.
    3. Guler Aras & Evrim Hacioglu Kazak, 2022. "Enhancing Firm Value through the Lens of ESG Materiality: Evidence from the Banking Sector in OECD Countries," Sustainability, MDPI, vol. 14(22), pages 1-29, November.

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