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A Systematic Literature Review: Determinants of Sustainability Reporting in Developing Countries

Author

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  • Sofwan Farisyi

    (Faculty of Administrative Science, University of Brawijaya, Malang 65145, Indonesia)

  • Mochammad Al Musadieq

    (Faculty of Administrative Science, University of Brawijaya, Malang 65145, Indonesia)

  • Hamidah Nayati Utami

    (Faculty of Administrative Science, University of Brawijaya, Malang 65145, Indonesia)

  • Cacik Rut Damayanti

    (Faculty of Administrative Science, University of Brawijaya, Malang 65145, Indonesia)

Abstract

This study aimed to find out how the development of sustainability reporting is seen from the theoretical and practical perspectives and how the solutions are solved. This study used a systematic literature review approach. Using the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) method, 24 selected articles were obtained that matched the criteria. The results show that research related to sustainability reporting currently focuses on nine aspects (variables): firm size, profitability, financial leverage, corporate governance structure, ownership structure, firm age, industrial sector, corporate posture, and board qualification and experience. However, from these studies, it was found that there were inconsistencies in the results. Some results showed that a determinant is significant in influencing the company’s sustainability, whereas other studies indicated that the relationship between the two variables was not significant. Research related to sustainability reporting has been carried out jointly in developed and developing countries. However, research focusing on sustainability reporting in developing countries has not been widely carried out; therefore, this study is expected to be a reference for further research on this topic, especially in the decision-making process related to setting priorities in SDG planning and funding allocation. This study focused on companies in developing countries.

Suggested Citation

  • Sofwan Farisyi & Mochammad Al Musadieq & Hamidah Nayati Utami & Cacik Rut Damayanti, 2022. "A Systematic Literature Review: Determinants of Sustainability Reporting in Developing Countries," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10222-:d:890619
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    References listed on IDEAS

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    6. Yusheng Kong & Andrew Agyemang & Noha Alessa & Maxwell Kongkuah, 2023. "The Moderating Role of Technological Innovation on Environment, Social, and Governance (ESG) Performance and Firm Value: Evidence from Developing and Least-Developed Countries," Sustainability, MDPI, vol. 15(19), pages 1-16, September.

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