Year: 2024
Type: article
Abstract: Lately, the disclosure of sustainability issues has played a pivotal role in corporate reporting.In the academic debate, some scholars noted the need for more concerning the influence exerted by environmental, social and governance (ESG) issues over the corporate image, reputation and value creation.To bridge the last gap, this study investigates the relationship between ESG disclosure and financial performance by analysing a sample of European-listed large-sized companies operating in the oil and gas industry from 2010-2014.The methodological choice for that period resides in the intention to investigate the earlier relationship before the entry into force of the EU Directive 95/2014 on disclosure of non-financial information.Our findings demonstrate that financial performance dimension, pertinent to corporate profitability or the firm's financial autonomy, can positively affect ESG disclosure policies.These empirical findings can highlight the effectiveness of ESG disclosure by confirming the relevance of the EU initiatives.
Institutions: University of Foggia, University of Pisa, University of St Andrews
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
Funder: Università di Pisa
OpenAlex ID: W4405000174