Corporate Sustainability Performance Evaluation and Firm Financial Performance: Evidence from Pakistan

نویسندگان

چکیده

The study purports to search the corporate sustainability practices of companies in Pakistan. This is novel research context as it tries capture a market where these involve high divergence among amidst voluntary disclosure requirement. Total efforts by Pakistan have been assembled over an index based on Global Reporting Initiative (GRI) reporting guidelines and some context-specific indicators. Corporate has calculated applying quality (CSQI) along with level (CSLI). average CSLI 47% CSQI 27%. lower do not disclose too much data quantitative or statistical form. also described inconsistent companies. finds relationship between scores financial performance step-by-step approach likely lead generalized method moments (GMM) estimation for controlling endogenous nature such relationship. Regression results confirmed that there exists positive accounting market-based performance. stakeholder theory seems roots context. policy implications will guide regulation at

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ژورنال

عنوان ژورنال: SAGE Open

سال: 2023

ISSN: ['2158-2440']

DOI: https://doi.org/10.1177/21582440231184856