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Exploring the Impact of Private Companies’ Participation in Health-Related Programs through Corporate Sustainable Reporting

Author

Listed:
  • Sally Mohammed Farghaly Abdelaliem

    (Nursing Management and Education Department, College of Nursing, Princess Nourah bint Abdulrahman University, P.O. Box 84428, Riyadh 11671, Saudi Arabia)

  • Khalid M. Alharbi

    (Accounting Department, College of Business Administration (Yanbu), Taibah University, P.O. Box 344, Al-Madinah Al-Munawarah 41411, Saudi Arabia)

  • Nadiah A. Baghdadi

    (Nursing Management and Education Department, College of Nursing, Princess Nourah bint Abdulrahman University, P.O. Box 84428, Riyadh 11671, Saudi Arabia)

  • Amer Malki

    (Computer Science Department, College of Computer Science and Engineering (Yanbu), Taibah University, P.O. Box 344, Al-Madinah Al-Munawarah 41411, Saudi Arabia)

Abstract

Background: Sustainability reporting has evolved into a widespread method for leading corporations, not only due to its value as a means of tracking one’s company’s performance, but also as a tool for communicating performance to all involved stakeholders in any corporation. There has been little research into how private companies participate in various health programs while maintaining effective reporting. Aim: The study seeks to investigate the impact of private companies’ participation in health-related programs via corporate sustainable reporting (or corporate social responsibility disclosures; CSRD). Methods: Descriptive–correlational analysis, a balanced panel data of 117 Saudi listed businesses. Results: Corporate engagement in healthcare necessitates the identification of various hazards. As a result of the implementation of Saudi Arabia’s Vision 2030, in 2016, the reporting of health-related CSRD (HCSRD) increased from 36% in 2015, to 48% in 2018. Conclusions: Corporate sustainable participation in healthcare can vary among firms, indicating the different levels of influence in this regard. The healthcare sector, having the lowest average amount of disclosures, shows a lack of responsibility and control, as well as an inability to follow developments in the industry. The findings have practical implications for a range of stakeholders (e.g., regulators, investors, accounting professionals, and other institutions) of health-related CSRD in Saudi Arabia.

Suggested Citation

  • Sally Mohammed Farghaly Abdelaliem & Khalid M. Alharbi & Nadiah A. Baghdadi & Amer Malki, 2023. "Exploring the Impact of Private Companies’ Participation in Health-Related Programs through Corporate Sustainable Reporting," Sustainability, MDPI, vol. 15(7), pages 1-16, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:7:p:5906-:d:1110098
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    References listed on IDEAS

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