Sustainability Concerns and Investor Responses to Earnings Announcements

Riduwan, Akhmad; Andajani, Andajani

doi:10.28992/ijsam.v3i2.96

Cited by 9 publications

(9 citation statements)

References 49 publications

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“…However, the finding is contrary to expectation and against the stake holder's theory. It is in line with studies by Rezaee and Tuo (2019), Mahjoub (2018), Riduwan, and Andajani (2019) and contrary to Trisnawati andSetiawati (2016), Toukabri, et al (2014) and Ibrahim, et al (2015).…”

Section: Discussion On Em and Srsupporting

confidence: 92%

“…Maximum GRI report on sustainability The studies also control for firm size and profitability in line with prior studies by de Souza et al (2019), Velte (2019), Riduwan and Andajani (2019) etc.…”

Section: Csr = Sum Gri Report On Sustainabilitymentioning

confidence: 64%

“…The study found that an important level of reporting of sustainability that positively affects the practice of income smoothing. Riduwan and Andajani (2019) researched on sustainability concerns and investors responses to earnings announcements in Indonesia. The population of the study consists of the 110 companies that announced sustainability disclosures based on Global Reporting Initiative standards during the 2008-2017 observation period.…”

Section: Review Of Related Empirical Literaturementioning

confidence: 99%

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Earnings Management and Sustainability Reporting of Listed Non-Financial Firms in Nigeria: Does Earnings Management Drive This Report

Philomena¹,

Ubaka²,

Fali³

2022

SIEIF

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There has been growing demand by significant stakeholders for trustworthy information on the economic, social, environmental, and governance activities of firms. Although, management who are responsible for preparing this sustainability reporting has been faulted for selfinterest acts and opportunities behaviors. Because of this, this study evaluates the effect of earnings management on sustainability reporting of listed nonfinancial firms in Nigeria from 2011 to 2018. The sample of the study comprised of 24 firms and sustainability reporting was measured using content analyses on the corporate annual report on sustainability used Global Reporting Initiatives (G4) guidelines, while the earnings management variable was derived from the Modified Jones Model by Dechow, Sloan & Sweeny (1995) for discretionary accrual. A correlational design was employed; Secondary data was obtained from the annual reports of the firms. The results from the fixed effect regression analysis proved that the extent of earnings management drives the level of sustainability reporting positively. The study concludes that firms that manage their earnings are likely to report more on sustainability

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Section: Discussion On Em and Srsupporting

confidence: 92%

Section: Csr = Sum Gri Report On Sustainabilitymentioning

confidence: 64%

Section: Review Of Related Empirical Literaturementioning

confidence: 99%

See 1 more Smart Citation

Earnings Management and Sustainability Reporting of Listed Non-Financial Firms in Nigeria: Does Earnings Management Drive This Report

Philomena¹,

Ubaka²,

Fali³

2022

SIEIF

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“…Consequently, several studies have investigated the determinants of corporate sustainability disclosure (CSD) in different environments to recognize the causes of these variations (Chiu & Wang, 2015;Kend, 2015;Ortas et al, 2015;Gallego-Álvarez & Quina-Custodio, 2016;Anazonwu et al, 2018;Riduwan & Andajani, 2019;Önder & Baimurzin, 2020). These studies have been conducted in different environments.…”

Section: Elafify Indonesian Journal Of Sustainabilitymentioning

confidence: 99%

Determinants of Corporate Sustainability Disclosure: The Case of the S&P/EGX ESG Index

Elafify

2021

IJSAM

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The paper investigates the influence of the corporate board and the dissemination of a separate sustainability report on the corporate sustainability disclosure (CSD) level of corporations listed on the Egyptian sustainability index from 2016–2018. This study used the score-weighting scheme assigned by the Egyptian Stock Exchange (EGX) to evaluate, list, and rank companies in terms of their CSD. Empirical results reveal that boards with higher independence and larger size generate a higher CSD score. The results also support the assumption that the issuance of a separate sustainability report boosts the CSD score. The current study provides insights for policymakers and regulators in developing countries, in general, and in Egypt, in particular, regarding the role of corporate board and issuance of a separate sustainability report in promoting CSD. To the best of the researcher’s knowledge, no prior study has discussed the determinants of the level of CSD for corporations listed on the sustainability index in Egypt.

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“…With this, emerging of a new paradigm in corporate reporting can be identified as SR. Companies deliver information through sustainability reports that show company's management's high commitment to lead the business in a more sustainable manner (Kurniawan, 2018). Currently, as a complement to financial reports, sustainability reports have become a necessity for corporate stakeholders (Braam & Peeters, 2018;Riduwan & Andajani, 2019). Still, many companies tend to disclose their sustainability efforts through the traditional financial reporting package (Ghani et al, 2018;Rezaee & Tuo, 2019).…”

Section: Introductionmentioning

confidence: 99%

Sustainability Reporting on Financial Performance of Sri Lankan Listed Companies: How Strong is the Impact?

Weerarathna

Lokeshwara

Chandula

et al. 2021

IJSAM

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This study seeks to examine and identify the impact of sustainability reporting (SR) on the financial performance (FP) of listed companies in Sri Lanka. Data were collected from annual reports of listed companies where sustainability is disclosed in line with the Global Reporting Initiative (GRI) framework. A quantitative approach was used to gather relevant data of the entire population of 289 companies listed on the Colombo Stock Exchange, representing 20 different market sectors. Following purposive sampling, 55 listed companies were ultimately considered, based on the report preparation of those companies having been in line with the GRI framework from 2015/16 to 2018/19. SR was gathered through content analysis based on G4 and GRI standards and measured using an SR index. The authors measured FP using return on assets (ROA). After collecting the data, the authors analyzed it with panel data regression. Findings revealed an insignificant negative impact of SR on the FP of the listed companies in Sri Lanka. Further, researchers identified the impact of each disclosure of SR on FP and identified mixed results.

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Sustainability Concerns and Investor Responses to Earnings Announcements

Cited by 9 publications

References 49 publications

Earnings Management and Sustainability Reporting of Listed Non-Financial Firms in Nigeria: Does Earnings Management Drive This Report

Earnings Management and Sustainability Reporting of Listed Non-Financial Firms in Nigeria: Does Earnings Management Drive This Report

Determinants of Corporate Sustainability Disclosure: The Case of the S&P/EGX ESG Index

Sustainability Reporting on Financial Performance of Sri Lankan Listed Companies: How Strong is the Impact?

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