Determinants of sustainability reporting: Empirical evidence from East African Countries
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Author(s)Haruna MaamaLink to ORCID Index: https://orcid.org/0000-0003-4943-5489
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Shenaaz GaniLink to ORCID Index: https://orcid.org/0000-0002-8801-6079
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DOIhttp://dx.doi.org/10.21511/ppm.20(2).2022.46
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Article InfoVolume 20 2022, Issue #2, pp. 564-574
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- 635 Views
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220 Downloads
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Creative Commons Attribution 4.0 International License
Sustainability reporting is gaining attention among industry professionals and academics. However, it has been criticized since it fails to represent the proper reporting practices of firms, with this being described as symbolic in form. Regardless of this criticism, management of firms in East Africa is increasingly adopting sustainability reporting, despite being voluntary. Therefore, the paper analyzed the determinants of sustainability reporting of East African firms. Eight years of annual reports of 74 listed firms in Kenya, Tanzania, and Uganda were used. Random and fixed effect regression techniques were employed for the estimates. The study found that firms’ specific characteristics such as size, Tobin’s Q, industry affiliation, and ownership structure have a positive and significant influence on firms’ management to adopt sustainability reporting practices. In addition, it was suggested that firms with a more considerable asset and Tobin’s Q provide more sustainability reporting than those with smaller assets and Tobin’s Q. The results further showed that firms’ age and return on assets do not influence sustainability reporting. The evidence further demonstrated that firms with foreign parent companies significantly disclosed more sustainability information than local firms. The paper concludes that the firm-specific characteristics influence their sustainability reporting practice. The study provides policy implications because it can assist the governments and regulators in these countries in guiding the firms’ reporting practices.
- Keywords
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JEL Classification (Paper profile tab)M14, M40, M41
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References43
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Tables3
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Figures0
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- Table 1. Descriptive statistics
- Table 2. Correlation matrix and VIF
- Table 3. Regression results
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The role of accounting in sustainable development
Inna Makarenko 
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Alex Plastun
doi: http://dx.doi.org/10.21511/afc.01(2).2017.01
Accounting and Financial Control Volume 1, 2017 Issue #2 pp. 4-12 Views: 5725 Downloads: 4323 TO CITEIdeology of Sustainable Development and Sustainable Development Goals influence the transformation of business processes in the companies. Professional accountants are important part of this transformation. In this paper the role of accounting in Sustainable Development Goals achievement is discussed. Different approaches to structuring the role of professional accountants in Sustainable Development are investigated. Among them are types of roles that perform accountants, their professional functions, skills and competencies in the corporate environment. As the result a holistic vision of the role of accounting in sustainable development in the new economic conditions is provided.
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Standardization of sustainability reporting: rationale for better investment decision-making
Henry Mynhardt , Inna Makarenko ,
Alex Plastun
doi: http://dx.doi.org/10.21511/pmf.06(2).2017.01
Public and Municipal Finance Volume 6, 2017 Issue #2 pp. 7-15 Views: 2082 Downloads: 283 TO CITE АНОТАЦІЯThe role of sustainability reporting in investment decision-making is not clear and obvious. Despite the steady increase of such statements in corporate annual reports, the relationship between the sustainability reporting and the financial performance of companies is not always positive. The main problems of sustainability reporting nowadays are insufficient comparability of reporting, accuracy (lack of materiality, reliability and validity of indicators), lack of common approaches for its verification.
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Sustainability reporting: An overview of the recent development
Inten Meutia ,
Zulnaidi Yaacob ,
Shelly F. Kartasari
doi: http://dx.doi.org/10.21511/afc.03(1).2020.03
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