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An empirical study on the impact of sustainability reporting on firm value

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dc.title An empirical study on the impact of sustainability reporting on firm value en
dc.contributor.author Nguyen, Doan Thi Thuc
dc.relation.ispartof Journal of Competitiveness
dc.identifier.issn 1804-171X Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
utb.relation.volume 12
utb.relation.issue 3
dc.citation.spage 119
dc.citation.epage 135
dc.type article
dc.language.iso en
dc.publisher Tomas Bata University in Zlín
dc.identifier.doi 10.7441/joc.2020.03.07
dc.relation.uri https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=378&cp=
dc.subject GRI adherent status en
dc.subject firm value en
dc.subject sustainability reporting en
dc.description.abstract Value relevance is an attractive exploratory topic for firms due to its influence on a firm's competitiveness. Investigating potential factors that have an impact on firm value can provide management with the insights in how to enhance value. The aim of this paper is to explore the association between sustainability reporting and firm value to gain an awareness of the value relevance of sustainability disclosures. The study concentrates on large listed German firms as research objects to reduce the influence of firm size, legislation and geographic differences. Moreover, instead of observing diverse sustainability reporting guidelines in one research, this paper focuses on the current most popular guidance, the Global Reporting Initiative (GRI). With this focus, it is more likely to achieve a relevant comparability among the firms' sustainability reporting. This concentration also leads to the main research question of whether large listed German firms which have a higher adherent level to GRI guidance tend to have greater firm value. The research applies Multiple Regression to test the above relationship by involving 485 observations from 97 large listed German firms within the research period from 2013 to 2017. Along with the main model, a robustness test was performed to explore the connection in the context of a four-month period after the year-end deadline to issue sustainability reports in accordance with German Law. The findings indicate a significant negative relation between firm value and a firm's GRI adherent level of sustainability reporting. © 2020 Tomas Bata University in Zlín. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009990
utb.identifier.obdid 43881336
utb.identifier.scopus 2-s2.0-85092649543
utb.identifier.wok 000576794000007
utb.source j-scopus
dc.date.accessioned 2020-11-05T13:57:26Z
dc.date.available 2020-11-05T13:57:26Z
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.ou Department of Finance and Accounting
utb.contributor.internalauthor Nguyen, Doan Thi Thuc
utb.fulltext.affiliation Thi Thuc Doan Nguyen Tomas Bata University in Zlín Faculty of Management and Economics Department of Finance and Accounting Czech Republic E-mail: dnguyen@fame.utb.cz ORCID: 0000-0003-4758-849X
utb.fulltext.dates Received: November, 2019 1st Revision: April, 2020 Accepted: June, 2020
utb.wos.affiliation [Thi Thuc Doan Nguyen] Tomas Bata Univ Zlin, Fac Management & Econ, Dept Finance & Accounting, Zlin, Czech Republic
utb.scopus.affiliation Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Finance and Accounting, Czech Republic
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.ou Department of Finance and Accounting
utb.identifier.jel G32
utb.identifier.jel M14
utb.identifier.jel M49
utb.identifier.jel Q56
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