The relationship between sustainability disclosure and firm performance
| Study | Research focus | Industry | Findings |
|---|---|---|---|
| Yang et al. (2021) | Investigated the relationship between GRI reporting and firm performance | 122 publicly listed firms in China | The GRI sustainability reporting significantly increases firm profitability |
| Belkhir et al. (2017) | Explored the relationship between the GRI reporting and environmental sustainability performance | 40 firms listed on the GRI database | Did not find any correlation between the GRI reporting and sustainability performance improvement |
| Mukherjee and Nuñez (2019) | Examined the relationship between GRI reporting level and financial performance for firms with different levels of environmental risk | 173 USA firms listed on the GRI database | Found an insignificant relationship found between GRI reporting and financial performance at an aggregate level |
| Chen et al. (2015) | Investigated the relationship between corporate social performance and financial performance | 75 manufacturing firms listed on the GRI database | the GRI categories of Human Rights, Society and Product responsibility have a significant and positive correlation with the return on equity |
| Hussain et al. (2018) | Investigate the relationship between sustainability reporting and financial performance | 100 best performing US organisations | Sustainability reporting does not affect financial performance |
| Laskar and Maji (2018) | Investigated the relationship between sustainability reporting and organisation performance | 111 Asian organisations (Japan, India Indonesia and South Korea) | A positive relationship between sustainability reporting and organisation performance |
| Loh et al. (2017) | Investigated the relationship between sustainability reporting and organisation value | Organisations listed on Singapore Stock Exchange | A positive relationship between sustainability reporting and organisation value |
| Qureshi et al. (2020) | Investigated the impact of sustainability reporting and organisation value | 812 European listed organisations | Identified a positive association between sustainability reporting and organisation value |
| Study | Research focus | Industry | Findings |
|---|---|---|---|
| Investigated the relationship between GRI reporting and firm performance | 122 publicly listed firms in China | The GRI sustainability reporting significantly increases firm profitability | |
| Explored the relationship between the GRI reporting and environmental sustainability performance | 40 firms listed on the GRI database | Did not find any correlation between the GRI reporting and sustainability performance improvement | |
| Examined the relationship between GRI reporting level and financial performance for firms with different levels of environmental risk | 173 USA firms listed on the GRI database | Found an insignificant relationship found between GRI reporting and financial performance at an aggregate level | |
| Investigated the relationship between corporate social performance and financial performance | 75 manufacturing firms listed on the GRI database | the GRI categories of Human Rights, Society and Product responsibility have a significant and positive correlation with the return on equity | |
| Investigate the relationship between sustainability reporting and financial performance | 100 best performing US organisations | Sustainability reporting does not affect financial performance | |
| Investigated the relationship between sustainability reporting and organisation performance | 111 Asian organisations (Japan, India Indonesia and South Korea) | A positive relationship between sustainability reporting and organisation performance | |
| Investigated the relationship between sustainability reporting and organisation value | Organisations listed on Singapore Stock Exchange | A positive relationship between sustainability reporting and organisation value | |
| Investigated the impact of sustainability reporting and organisation value | 812 European listed organisations | Identified a positive association between sustainability reporting and organisation value |
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