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Sustainability Reporting and Its Impact on Financial Performance: A Study of the Sri Lankan Financial Sector

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dc.contributor.author De Silva, P.O.
dc.date.accessioned 2019-01-14T09:56:56Z
dc.date.available 2019-01-14T09:56:56Z
dc.date.issued 2018
dc.identifier.citation De Silva, P.O. (2018). "Sustainability Reporting and Its Impact on Financial Performance: A Study of the Sri Lankan Financial Sector", 15th International Conference on Business Management, University of Sri Jayewardenepura, pp. 241-268 en_US
dc.identifier.uri http://dr.lib.sjp.ac.lk/handle/123456789/8265
dc.description.abstract Purpose: Sustainability reporting is a voluntary endeavor which involves publishing accounts that reflect the economic, environment and social performance of an organization (Isenmann and Kim, 2006). The absence of a compulsory set of sustainability reporting rules and standards have caused variances in reporting practices among the companies which consequently it has influenced on business value creation process differently. Therefore the purpose of this study is to identify whether there is a significant difference in sustainable disclosures among the financial institutes and how sustainability reporting influence on institutional performance. Methodology: The disclosure index derived from the Global Reporting Initiative (GRI) guidelines which consist of 119 parameters is used to evaluate the content of the reports of listed banks and financial sector companies. An analysis results in a comparison between GRI guidelines and Generation four (G4) framework. Furthermore, the study investigated the causal relationship between the level of disclosures and financial performance. Data is obtained from annual reports compiled with the Security Exchange Commission (SEC), and companies’ websites analyses using SPSS 16 data analysis package. Analysis and Discussion: The results conclude that there’s no significant difference in sustainability disclosures between listed banks and financial institutes and the amount of the disclosures have no significant influence on institutes’ financial performance. Furthermore, the study confirmed that there’s no significant difference between G4 framework disclosures (Adopted in 2016/2017 reporting period) and GRI guidelines (Adopted in 2017/2018 reporting period). Research limitations/ implications: The sustainability theories and framework may provide a sensible explanation for sustainability reporting practices in Sri Lanka Originality/value: The businesses including financial institutes consume scarce resources. But poor attention has been paid in reporting their accountability towards the sustenance. Therefore it is in need of recognizing sustainable responsibility. en_US
dc.language.iso en en_US
dc.publisher University of Sri Jayewardenepura en_US
dc.subject Corporate Disclosures; Financial Institutions; Sustainability/Integrated Reporting; Financial Performance en_US
dc.title Sustainability Reporting and Its Impact on Financial Performance: A Study of the Sri Lankan Financial Sector en_US
dc.type Article en_US

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