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A worldwide sectorial analysis of sustainability reporting and its impact on firm performance

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  • Abdulla Yusuf Al Hawaj
  • Amina Mohamed Buallay

Abstract

This study investigates the worldwide impact of sustainability reporting on firms' performance across seven different sectors. Using data culled from 3,000 firms in 80 different countries for ten years from 2008 to 2017 (cumulatively 23,738 observations). The findings elicited from the empirical results demonstrate that there are differences in the impact of sustainability reporting (ESG) on firm's operational performance (ROA), financial performance (ROE) and market performance (TQ) between the seven sectors. Inasmuch as it contributes to the literature of sustainability accounting by a systematic depiction of cross-sectorial ESG reporting, this study establishes a benchmark to guide to firms wishing to adopt sustainability reporting. Moreover, in including macroeconomic variables, the study provides a fresh perspective to the literature of the on the economic implications of sustainability disclosure.

Suggested Citation

  • Abdulla Yusuf Al Hawaj & Amina Mohamed Buallay, 2022. "A worldwide sectorial analysis of sustainability reporting and its impact on firm performance," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 12(1), pages 62-86, January.
    • Handle: RePEc:taf:jsustf:v:12:y:2022:i:1:p:62-86
    DOI: 10.1080/20430795.2021.1903792
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    Cited by:

    1. Hebah Shalhoob & Khaled Hussainey, 2022. "Environmental, Social and Governance (ESG) Disclosure and the Small and Medium Enterprises (SMEs) Sustainability Performance," Sustainability, MDPI, vol. 15(1), pages 1-18, December.
    2. Banu Dincer & Ayşe İrem Keskin & Caner Dincer, 2023. "Nexus between Sustainability Reporting and Firm Performance: Considering Industry Groups, Accounting, and Market Measures," Sustainability, MDPI, vol. 15(7), pages 1-13, March.
    3. Mohammed Muneerali Thottoli & Md. Aminul Islam & Farid Ahammad Sobhani & Shafiqur Rahman & Md. Sharif Hassan, 2022. "Auditing and Sustainability Accounting: A Global Examination Using the Scopus Database," Sustainability, MDPI, vol. 14(23), pages 1-14, December.

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