The association between sustainability disclosures and the financial performance of Jordanian firms
Researchers are paying an unprecedented level of attention to the role that sustainability disclosures may play in enhancing financial performance. This study, therefore, examines this issue in a developing country context such as Jordan using a panel data set of 1,705 firm-year observations of firm...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2020-01-01
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| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/23311975.2020.1859437 |
| _version_ | 1818683270172246016 |
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| author | Mohammad Azzam Alaa AlQudah Ayman Abu Haija Mohammad Shakhatreh |
| author_facet | Mohammad Azzam Alaa AlQudah Ayman Abu Haija Mohammad Shakhatreh |
| author_sort | Mohammad Azzam |
| collection | DOAJ |
| description | Researchers are paying an unprecedented level of attention to the role that sustainability disclosures may play in enhancing financial performance. This study, therefore, examines this issue in a developing country context such as Jordan using a panel data set of 1,705 firm-year observations of firms listed on the Amman Stock Exchange. Fixed effect regression with robust standard errors is used to analyse the data. The results show that, while social and governance disclosures are positively associated with financial performance, environmental disclosures do not have this association. Interestingly, when sustainability disclosures are analysed collectively, a highly positive and significant association is found between them. This study recommends that the dimensions of sustainability disclosures complement each other to enhance firms’ financial performance. |
| first_indexed | 2024-12-17T10:32:04Z |
| format | Article |
| id | doaj.art-12b82d6e3cf24e5a8bc1b16b03db90b8 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-12-17T10:32:04Z |
| publishDate | 2020-01-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-12b82d6e3cf24e5a8bc1b16b03db90b82022-12-21T21:52:30ZengTaylor & Francis GroupCogent Business & Management2331-19752020-01-017110.1080/23311975.2020.18594371859437The association between sustainability disclosures and the financial performance of Jordanian firmsMohammad Azzam0Alaa AlQudah1Ayman Abu Haija2Mohammad Shakhatreh3Yarmouk UniversityYarmouk UniversityJadara UniversityYarmouk UniversityResearchers are paying an unprecedented level of attention to the role that sustainability disclosures may play in enhancing financial performance. This study, therefore, examines this issue in a developing country context such as Jordan using a panel data set of 1,705 firm-year observations of firms listed on the Amman Stock Exchange. Fixed effect regression with robust standard errors is used to analyse the data. The results show that, while social and governance disclosures are positively associated with financial performance, environmental disclosures do not have this association. Interestingly, when sustainability disclosures are analysed collectively, a highly positive and significant association is found between them. This study recommends that the dimensions of sustainability disclosures complement each other to enhance firms’ financial performance.http://dx.doi.org/10.1080/23311975.2020.1859437environmental disclosuresocial disclosuregovernance disclosurefinancial performance |
| spellingShingle | Mohammad Azzam Alaa AlQudah Ayman Abu Haija Mohammad Shakhatreh The association between sustainability disclosures and the financial performance of Jordanian firms Cogent Business & Management environmental disclosure social disclosure governance disclosure financial performance |
| title | The association between sustainability disclosures and the financial performance of Jordanian firms |
| title_full | The association between sustainability disclosures and the financial performance of Jordanian firms |
| title_fullStr | The association between sustainability disclosures and the financial performance of Jordanian firms |
| title_full_unstemmed | The association between sustainability disclosures and the financial performance of Jordanian firms |
| title_short | The association between sustainability disclosures and the financial performance of Jordanian firms |
| title_sort | association between sustainability disclosures and the financial performance of jordanian firms |
| topic | environmental disclosure social disclosure governance disclosure financial performance |
| url | http://dx.doi.org/10.1080/23311975.2020.1859437 |
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