Corporate Sustainability Disclosure and Profitability of Petrochemicals and Chemical Industry

Kanibhatti Nitirojntanad () and Chantanee Jaiwattanasawat ()
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Kanibhatti Nitirojntanad: Chulalongkorn University
Chantanee Jaiwattanasawat: Chulalongkorn University

No 5808218, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The purpose of this study is to examine the relationship between corporate sustainability disclosure level and the profitability of petrochemicals and chemicals industry. The sample is selected from listed companies in the Stock Exchange of Thailand with sustainability disclosure according to Global Reporting Initiative (GRI) guidelines during the year 2013 to 2015. This study used content analysis to evaluate the sustainability disclosure in sustainability reports, annual reports and annual registration statements according to 91 indicators of GRI G4 related to economic, environmental, and social performance. The study shows that the sustainability disclosure level of companies in petrochemicals and chemicals industry have been relatively low but slightly improved over time. The correlation analysis results indicate no relationship between the disclosure level related to economic and profitability ratios. The disclosure levels related to environmental and social performance have been found negatively related to return on assets and return on equity but not related to net profit ratio. Since GRI G4 guidelines has been recently used in petrochemicals and chemicals industry in Thailand, future study may need to examine long-term value of sustainability disclosure.

Keywords: sustainability; economic; environmental; social performance; profitability; GRI (search for similar items in EconPapers)
JEL-codes: M14 M49 (search for similar items in EconPapers)
Pages: 1 page
Date: 2017-10
New Economics Papers: this item is included in nep-env and nep-sea
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Published in Proceedings of the Proceedings of the 33rd International Academic Conference, Vienna, Oct 2017, pages 244-244

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:5808218

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