Unveiling the impact of firm-characteristics on sustainable development goals disclosure: A cross-country study on non-financial companies in Asia

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE Borsa Istanbul Review Pub Date : 2024-09-01 DOI:10.1016/j.bir.2024.05.003

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Abstract

This study examines the practices of the UN Sustainable Development Goals (SDGs) in Asian countries with special reference to listed firms in China, India, Indonesia, Japan, Malaysia, Singapore, and Saudi Arabia. Further, it evaluates the impact of firms’ specific factors on SDGs practices. The original sample consists of 1462 companies for the 2018–2021 financial years. Data are extracted from the Refinitiv Eikon Database. One-way ANOVA and regression analysis are used to estimate the data. Results reveal that there is a significant difference in SDGs practices among the elected countries. Moreover, results reveal that Return on Assets (ROA), Return on Equity (ROE), market value added, leverage, and current ratio have a negative and significant impact on SDGs practices, while the Earnings per Share (EPS) has a positive and significant impact on SDGs practices. This research contributes to the existing literature by making a comparison among the Asian largest economies regarding the achievement of UN sustainable development goals.

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揭示公司特征对可持续发展目标披露的影响：亚洲非金融企业跨国研究

本研究探讨了联合国可持续发展目标（SDGs）在亚洲国家的实践情况，特别是中国、印度、印度尼西亚、日本、马来西亚、新加坡和沙特阿拉伯的上市公司。此外，它还评估了企业的特定因素对可持续发展目标实践的影响。原始样本包括 2018-2021 财年的 1462 家公司。数据提取自 Refinitiv Eikon 数据库。采用单因素方差分析和回归分析对数据进行估计。结果显示，当选国家在可持续发展目标实践方面存在显著差异。此外，结果还显示，资产回报率（ROA）、股本回报率（ROE）、市场附加值、杠杆率和流动比率对可持续发展目标实践有显著的负面影响，而每股收益（EPS）对可持续发展目标实践有显著的正面影响。本研究通过比较亚洲最大经济体在实现联合国可持续发展目标方面的情况，为现有文献做出了贡献。

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来源期刊

Borsa Istanbul Review Multiple-

CiteScore

7.60

自引率

3.80%

发文量

130

审稿时长

26 days

期刊介绍： Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations