... exerts a strong negative effect. Overall, the findings suggest that depreciation-related tax shields support interest coverage capacity, but their effectiveness diminishes as financial leverage increases. Research limitations/implications This study has several limitations. First, the analysis...

.... Content analysis was used as a tool to analyse the disclosures in sustainability reports. The model was estimated using pooled ordinary least square (multivariate regression). Company age and financial leverage were used as control variables. Findings This study found that the compliance level...