EconPapers    
Economics at your fingertips  
 

The Relationship between Firm Characteristics and the Disclosure of Sustainability Reporting

Mao-Chang Wang ()
Additional contact information
Mao-Chang Wang: Department of Accounting, Chinese Culture University, 55, Hwa-Kang Road, Taipei 11114, Taiwan

Sustainability, 2017, vol. 9, issue 4, 1-14

Abstract: Stakeholder theory is a major approach to research on sustainability management. Firm characteristics, including corporate governance and business characteristics, can be represented in terms of their effects on stakeholders. In this study, a multi-regression model is used to examine the relationship between firm characteristics and the disclosure of sustainability reporting for the Taiwan 50 Index-listed companies. Least-squares regression, panel data regression, and logistic regression analyses are applied. The results show that seven corporate governance and business characteristics, namely the size of the board of directors, ratio of independent directors, audit committee, ratio of export income, percentage of foreign shareholders’ holdings, fixed asset staleness, and firm growth are positively related to the disclosure of sustainability reporting, whereas the percentage of director holdings and stock price per share are negatively related to the disclosure of sustainability reporting. This study supports the notion that stakeholder involvement is related to the disclosure of sustainability reporting.

Keywords: firm characteristics; sustainability reporting; corporate governance; stakeholder theory; stakeholders (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/4/624/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/4/624/ (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:9:y:2017:i:4:p:624-:d:96029

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 2018-10-02
Handle: RePEc:gam:jsusta:v:9:y:2017:i:4:p:624-:d:96029