Providing a Model for Exposing Corporate Sustainability and Evaluating the effect of Factors Related to Signaling Theory and Stakeholders on  Reporting of this Information

bari, mozaffar pourkhani zakeleh; Azita, Jahanshad; Heidarpoor, Farzaneh

doi:10.52547/aapc.5.10.385

Cited by 1 publication

(1 citation statement)

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“…Pourkhani and Jahanshad (2021) provided a pattern for sustainable disclosure and its relevant legitimacy factors. They found that firm sensitivity in the industry affects corporate sustainability and economic, environmental, and social disclosures.…”

Section: Theoretical Foundations and Literature Reviewmentioning

confidence: 99%

Impacts of environmental sustainable performance reporting on the stock price crash risk and stock liquidity: The mediating role of predictability and comparability

Pahlavan

Rostamy

Darabi

2023

J Corp Accounting Finance

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Nowadays, sustainability performance reporting plays an important role in corporates’ success. Since sustainability reporting improves the quality of disclosure and financial transparency, it is expected to have positive effects on stock prices and liquidity and reduce the crash and liquidity risk. This research investigates the impacts of environmentally sustainable performance reporting on the stock price crash and liquidity risks and the mediating role of earnings predictability and comparability using structural modeling equations. Using the systematic elimination sampling method, 147 companies listed on the Tehran Stock Exchange were selected. The studied period was from 2011 to 2020 and PLS software was used for data analysis. The results show that environmental sustainability performance reporting enhances earnings comparability and mitigates the crash and liquidity risks. The findings also show that comparability has a mediating impact on the relationship between environmentally sustainable performance reporting with the crash and liquidity risk. Although the accuracy of forecasted earnings significantly reduces the crash and liquidity risks, however, we find no evidence for its mediating impact on the relationship between environmentally sustainable performance reporting with crash and liquidity risks.

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Section: Theoretical Foundations and Literature Reviewmentioning

confidence: 99%