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Corporate Sustainability Reporting and Financial Performance

Author

Listed:
  • Ionica Oncioiu

    (Faculty of Finance-Banking, Accountancy and Business Administration, Titu Maiorescu University, 040051 Bucharest, Romania)

  • Anca-Gabriela Petrescu

    (Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania)

  • Florentina-Raluca Bîlcan

    (Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania)

  • Marius Petrescu

    (Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania)

  • Delia-Mioara Popescu

    (Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania)

  • Elena Anghel

    (Faculty of Economic Sciences, Valahia University, 130024 Targoviste, Romania)

Abstract

In the past few decades, business performance has been approached from a multidimensional perspective, because a pro-active corporate sustainability reporting system for assessing the financial performance of an organization should at least address impacts at the organization and community levels, as well as the resulting associated social impacts. The purpose of this research was to identify the accessibility of corporate sustainability reporting instruments for Romanian managers and their role in increasing the financial performance of organizations. This study concludes that corporate social reporting indicators can be integrated into the reporting of the financial performance of a company and can transform sustainability into tangible value for all interested parties. In addition, the empirical results contribute to the understanding of corporate social responsibility practices; although being non-financial, these seem to be financially meaningful at a certain level after other financial factors are controlled for.

Suggested Citation

  • Ionica Oncioiu & Anca-Gabriela Petrescu & Florentina-Raluca Bîlcan & Marius Petrescu & Delia-Mioara Popescu & Elena Anghel, 2020. "Corporate Sustainability Reporting and Financial Performance," Sustainability, MDPI, vol. 12(10), pages 1-13, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4297-:d:362385
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    5. Mohammed Zakaria & Chadi Aoun & Divakaran Liginlal, 2021. "Objective Sustainability Assessment in the Digital Economy: An Information Entropy Measure of Transparency in Corporate Sustainability Reporting," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    6. Camelia-Daniela Hategan & Ruxandra-Ioana Pitorac & Nicoleta-Daniela Milu, 2021. "Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context," IJERPH, MDPI, vol. 18(24), pages 1-17, December.

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