The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations

Vanda Roque – Polytechnic University of Cávado and Ave, UNIAG, School of Management, Campus do IPCA, 4750-810 Barcelos, Portugal

Sónia Monteiro – Polytechnic University of Cávado and Ave, CICE, School of Management, Campus do IPCA, 4750-810 Barcelos, Portugal

Inês Moreira – Polytechnic University of Cávado and Ave, School of Management, Campus do IPCA, 4750-810 Barcelos, Portugal

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.

10th International Scientific ERAZ Conference – ERAZ 2024 – Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Selected Papers: ISBN 978-86-80194-87-5, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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