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Non-Financial Disclosure and Economic Performance of Top Italian Listed Banks

Author

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  • Annalisa Baldissera

Abstract

This study aims to analyze the relationships between the economic performance of Italian listed banks and their GRI disclosure (GRID), understood as the level of disclosure of their non-financial reports according to the GRI standards. The study selected 6 among the Italian listed banks with the highest capitalization as of 31/12/2020 and analyzed the relationships between their economic performance and their GRID by applying three models: Linear Regression, Support Vector Machines, and Decision Trees. The research highlighted the existence of positive relationships between the economic performance of banks – measured in terms of capitalization, size and leverage – and their GRID, while the relationship with profitability is negative. Unlike the analyzes that see disclosure as a factor capable of improving economic performance, this research starts from the assumption that the best economic performance favors a wider disclosure. Furthermore, the study applies machine learning which represents a non-traditional methodology, not yet fully exploited in the field of sustainability reporting.  JEL classification numbers: M21.

Suggested Citation

  • Annalisa Baldissera, 2022. "Non-Financial Disclosure and Economic Performance of Top Italian Listed Banks," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(6), pages 1-2.
    • Handle: RePEc:spt:admaec:v:12:y:2022:i:6:f:12_6_2
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    References listed on IDEAS

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    1. Salvatore Loprevite & Domenico Raucci & Daniela Rupo, 2020. "KPIs Reporting and Financial Performance in the Transition to Mandatory Disclosure: The Case of Italy," Sustainability, MDPI, vol. 12(12), pages 1-24, June.
    2. Sultana, Nasreen & Akter, Afroja, 2017. "Market Capitalization- Sustainability Practices Measurement of Private Commercial Banks of Bangladesh," American Journal of Trade and Policy, Asian Business Consortium, vol. 4(2), pages 65-72.
    3. Wagner, Marcus, 2010. "The role of corporate sustainability performance for economic performance: A firm-level analysis of moderation effects," Ecological Economics, Elsevier, vol. 69(7), pages 1553-1560, May.
    4. Amina Buallay & Reem Hamdan & Elisabetta Barone & Allam Hamdan, 2022. "Increasing female participation on boards: Effects on sustainability reporting," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 111-124, January.
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    More about this item

    Keywords

    Non-Financial reporting; GRI standards; Banking sector; Economic performance; Machine learning.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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