Corporate Sustainability Reporting and Financial Performance

Ionica Oncioiu, Anca-Gabriela Petrescu, Florentina-Raluca Bîlcan, Marius Petrescu, Delia-Mioara Popescu and Elena Anghel
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Ionica Oncioiu: Faculty of Finance-Banking, Accountancy and Business Administration, Titu Maiorescu University, 040051 Bucharest, Romania
Anca-Gabriela Petrescu: Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania
Florentina-Raluca Bîlcan: Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania
Marius Petrescu: Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania
Delia-Mioara Popescu: Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania
Elena Anghel: Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania

Sustainability, 2020, vol. 12, issue 10, 1-13

Abstract: In the past few decades, business performance has been approached from a multidimensional perspective, because a pro-active corporate sustainability reporting system for assessing the financial performance of an organization should at least address impacts at the organization and community levels, as well as the resulting associated social impacts. The purpose of this research was to identify the accessibility of corporate sustainability reporting instruments for Romanian managers and their role in increasing the financial performance of organizations. This study concludes that corporate social reporting indicators can be integrated into the reporting of the financial performance of a company and can transform sustainability into tangible value for all interested parties. In addition, the empirical results contribute to the understanding of corporate social responsibility practices; although being non-financial, these seem to be financially meaningful at a certain level after other financial factors are controlled for.

Keywords: corporate sustainability; financial performance; sustainability reporting; corporate environmental performance; corporate social responsibility (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:10:p:4297-:d:362385

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