Corporate Sustainability Reporting and Financial Performance

Oncioiu, Ionica; Petrescu, Anca-Gabriela; Bîlcan, Florentina-Raluca; Petrescu, Marius; Popescu, Delia-Mioara; Anghel, Elena

doi:10.3390/su12104297

Cited by 48 publications

(34 citation statements)

References 82 publications

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“…However, they obtained very weak evidence for a significant relationship between governance and economic performance, with only one significant effect in 2015. According to Oncioiu et al [57] indicators of CSR can be incorporated into companies' financial reports and can convert sustainability measures into a real value for all parties.…”

Section: Background On Non-financial Disclosure and Hypothesis Developmentmentioning

confidence: 99%

Disclosure Dynamics and Non-Financial Reporting Analysis. The Case of Romanian Listed Companies

2021

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New challenges and perspectives to improve non-financial reporting and the disclosure of environmental, social, and governance indicators have been launched towards the development horizon of Romanian public interest entities, implementing the provisions of Directive 2014/95/EU in the local regulatory framework. In this context, our approach focused on the content analysis of the non-financial information reported by listed companies, for the period 2017–2019, and the measure of the average disclosure degree on environmental, social, economic, and governance (ESEG) indicators. To measure the average degree of disclosure, a composite index was constructed through the main component analysis for categorical data that allowed the classification of sampled companies by sustainable performance. The results showed a slight increase in the ESEG disclosure index at the level of the sampled companies, from 47 units in 2017 to 52 units in 2019, several companies “went ahead” and others “recovered over the period”. Cross-sectional analysis revealed differences in the average non-financial disclosure index, and also in the disclosure index of ESEG indicators. The non-parametric correlation analysis highlighted the existence of a statistically significant positive correlation of medium intensity between the disclosure index of non-financial information and the publication of the non-financial statement or report.

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Section: Background On Non-financial Disclosure and Hypothesis Developmentmentioning

confidence: 99%

Disclosure Dynamics and Non-Financial Reporting Analysis. The Case of Romanian Listed Companies

2021

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“…Oncioiu et al [ 20 ] showed that, in Romania, the circular economy is seen as a strategy for the company, the circular economy activities of SMEs being at the beginning. The study results showed that after 2010 more than half of the analyzed companies were engaged in activities specific to the circular economy.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Reporting on social responsibility activities should address the impacts at the organization and community level, as well as the results of the associated social impacts for assessing the financial performance of an organization [ 20 ]. Popescu and Popescu [ 39 ] found that Romanian entities are aware of the importance and advantages of corporate social responsibility correlated with increasing profit, performance and productivity.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

Haţegan

Curea-Pitorac

Milu

2021

IJERPH

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Between the circular economy and corporate social responsibility, there is an ever-closer connection. Non-financial reporting of social responsibility actions is based on the circular economy concept, so reporting contributes to increasing the level of disclosure of circular strategies. In this context, large companies are required to report non-financial information to understand their activities better. The paper’s objective is to assess the mandatory non-financial reporting of Romanian companies active in the non-financial sector for 2017–2019. The empirical analysis consisted of creating and awarding an evaluation score to the reports of the companies. An econometric model was tested using a feasible generalized least squares (FGLS) regression to identify the link of the obtained Score with a series of variables representing the characteristics of the companies: Information on a website (I), Foreign ownership (F), Private ownership (P), Listed company (L), Return on assets (ROA), and Return on equity (ROE). Research results highlight a positive correlation between Score and all variables statistically significant in the model. Our study empirically validated the link between non-financial reporting and financial performance. The practical implications for managers can be to focus on improving the quality of non-financial reporting by better presenting the sustainability actions in a circular economy context.

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“…El índice ESG empleado en este estudio se correlaciona de manera positiva con la rentabilidad de las empresas, estimada a través de la ratio rOA y rOE. Este hallazgo, se suma a la amplia lista de investigaciones en el campo de las finanzas que han corroborado esta relación positiva tanto a nivel de mercados desarrollados como emergentes (Laskar et al, 2017;Oncioiu et al, 2020;Lassala et al, 2017).…”

Section: Conclusionesunclassified

“…A nivel internacional, en los últimos años, existen varias investigaciones que examinan la relación entre las prácticas de sostenibilidad empresarial y el desempeño corporativo a largo plazo a partir del estudio de empresas que cotizan en los mercados financieros. Al respecto, autores como Ameer y Othman (2012); Laskar, Chakraborty y maji (2017); Lassala, Apetrei y Sapena (2017); Weber (2017); Nizam, ng, Dewandaru, nagayev y nkoba (2019); Pérez et al (2020) y Oncioiu et al (2020) abordan las prácticas corporativas de sostenibilidad, los informes corporativos de sostenibilidad y su papel en el aumento del performance financiero de las organizaciones.…”

Section: Introductionunclassified

Sostenibilidad y su incidencia en el desempeño financiero corporativo: evidencia empírica en el mercado bursátil colombiano

Cerón

Mosquera²,

Pacheco

et al. 2021

Revista Económicas CUC

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La sostenibilidad corporativa se ha consolidado como un enfoque de liderazgo y gestión efectivo para configurar un entorno de confianza, transparencia y plena información necesario para fortalecer la integridad de los negocios y el bienestar, especialmente en regiones como América Latina, donde la mayoría de los países dependen en forma creciente del compromiso del sector privado frente a la sociedad. En ese sentido, el artículo, estudia la relación entre la calidad de las prácticas ambientales, sociales y de gobernanza (ESG) y el desempeño financiero de largo plazo de empresas colombianas que cotizan en bolsa. Se hace uso de información histórica de carácter público, obtenida de Bloomberg, comprendida entre 2008 y 2018. El análisis econométrico se desarrolla a través de panel datos no balanceados. Los resultados revelan que las buenas prácticas ESG adoptadas por las firmas nacionales conllevan un mejor funcionamiento en su entorno y frente a sus grupos de interés, lo que se refleja en un mejor desempeño empresarial en el tiempo

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Corporate Sustainability Reporting and Financial Performance

Cited by 48 publications

References 82 publications

Disclosure Dynamics and Non-Financial Reporting Analysis. The Case of Romanian Listed Companies

Disclosure Dynamics and Non-Financial Reporting Analysis. The Case of Romanian Listed Companies

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

Sostenibilidad y su incidencia en el desempeño financiero corporativo: evidencia empírica en el mercado bursátil colombiano

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