Value Relevance of Corporate Sustainability Reporting in Asia: A Comparative Analysis

Authors

  • Najul Laskar

DOI:

https://doi.org/10.33516/rb.v43i2.135-148p

Keywords:

Corporate Sustainability Performance, Firm Performance, GRI, Content Analysis, Quality of Disclosure, Asia.

Abstract

The present study examines the corporate sustainability reporting practices in Asian countries and also examines its impact on the firm performance measured by MBR (market to book ratio). The independent variable (CSP) is measured by content analysis technique using GRI framework as a base. Considering a sample of 36 listed nonfinancial firms from Japan, 28 from India, 26 from South Korea and 21 from Indonesia for a period of 6 years from 2009 to 2014, the study finds that there is an increasing trend in the disclosing CSP related information in case of developed countries whereas some fluctuation is observed in case of developing countries. The study also finds that impact of CSP on MBR is positive and significant for both developed and developing countries of Asia. Additionally, the relative impact of CSP on MBR is found to be more in developed countries than in developing countries of Asia.

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Published

2017-07-01

How to Cite

Laskar, N. (2017). Value Relevance of Corporate Sustainability Reporting in Asia: A Comparative Analysis. Research Bulletin, 43(2), 135–148. https://doi.org/10.33516/rb.v43i2.135-148p

Issue

Volume 43, Issue 2, July 2017

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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