The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations
The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations

Author(s): Vanda Roque, Sonia Monteiro, Ines Moreira
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Sustainability; Sustainability Reporting; Determinant factors
Summary/Abstract: This paper aims to analyze the sustainability reporting of Portuguese listed corporations between 2019 and 2022, as well as to identify its determinant factors. The study utilizes content analysis to construct four sustainability reporting indices (economic, environmental, social, and global). Panel regression is employed to explore the determinant factors of each index. Findings indicate a growth in sustainability reporting, with corporations predominantly disclosing environmental information. Panel regression results suggest that larger companies are more inclined to disclose sustainability information, particularly of an economic nature. The quality of the auditor and notoriety and visibility achieved by being included in PSI only seem to affect the environmental reporting. The study is constrained by a small sample size and a focus solely on Portuguese listed corporations, limiting result generalization. Additionally, the period of analysis includes the years of the COVID-19 pandemic, which may influence not only sustainability reports but also financial results.

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