EconPapers    
Economics at your fingertips  
 

Sustainable Disclosure Policies and Sustainable Performance of European Listed Companies

Vincenzo D’Apice (), Giovanni Ferri and Francesca Lipari ()
Additional contact information
Vincenzo D’Apice: Center for Relationship Banking & Economics, Lumsa, 00192 Rome, Italy
Francesca Lipari: Department of Mathematics, University Carlos III of Madrid, 28911 Madrid, Spain

Sustainability, 2020, vol. 12, issue 15, 1-1

Abstract: Sustainable disclosure has become common for companies to publicly signal their responsible behavior. Our research idea is twofold. First—irrespective of its content—better quality sustainable disclosure should identify more sustainability compliant companies. Second, we propose that those companies should have a more stable—and thus more sustainable—performance. Focusing on the top-capitalized companies of the EU-28 stock exchanges, we assess how GRI sustainable-reporting quality associates with stock-price volatility and distance-to-default. Our results, which resist various robustness checks, confirm that better quality sustainable disclosure couples with more sustainable performance. Thus, pro-disclosure policies could enhance long-term value creation.

Keywords: stable and sustainable performance; sustainable disclosure; GRI; top listed companies; EU-28 (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/15/5920/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/15/5920/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:15:p:5920-:d:388447

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2021-01-08
Handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:5920-:d:388447