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...

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Autores principales:	Mohammad Azzam, Alaa AlQudah, Ayman Abu Haija, Mohammad Shakhatreh
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	environmental disclosure social disclosure governance disclosure financial performance Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/12b82d6e3cf24e5a8bc1b16b03db90b8
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spelling	oai:doaj.org-article:12b82d6e3cf24e5a8bc1b16b03db90b82021-12-02T18:23:50ZThe association between sustainability disclosures and the financial performance of Jordanian firms2331-197510.1080/23311975.2020.1859437https://doaj.org/article/12b82d6e3cf24e5a8bc1b16b03db90b82020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1859437https://doaj.org/toc/2331-1975Researchers 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.Mohammad AzzamAlaa AlQudahAyman Abu HaijaMohammad ShakhatrehTaylor & Francis Grouparticleenvironmental disclosuresocial disclosuregovernance disclosurefinancial performanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	environmental disclosure social disclosure governance disclosure financial performance Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	environmental disclosure social disclosure governance disclosure financial performance Business HF5001-6182 Management. Industrial management HD28-70 Mohammad Azzam Alaa AlQudah Ayman Abu Haija Mohammad Shakhatreh The association between sustainability disclosures and the financial performance of Jordanian firms
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.
format	article
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
title	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_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_sort	association between sustainability disclosures and the financial performance of jordanian firms
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/12b82d6e3cf24e5a8bc1b16b03db90b8
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The association between sustainability disclosures and the financial performance of Jordanian firms

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