CoChat
Sign Up
Cited by 134Corporate Social Responsibility ReportingGovernance, Compliance, and SustainabilityCorporate Social Responsibility and Sustainability

The DOI matches its Crossref record; 79 of the 80 references it cites were found in a registry or an index.

Does SDG disclosure reflect corporate underlying sustainability performance? Evidence from UN Global Compact participants

Open access
Nicolo', Giuseppe, Zampone, Giovanni, De Iorio, Serena, Sannino, Giuseppe·2024·Journal of International Financial Management & Accounting
DOI 10.1111/jifm.12194
Open this paper in CoChat — free accountOpen PDF

Abstract

The 2030 United Nations (UN) Agenda for Sustainable Development has posed unprecedented challenges to businesses to integrate Sustainable Development Goals (SDGs) concerns into their core operations and strategies and improve their transparency on SDG commitment toward investors and other stakeholders. However, prior studies have questioned the significance of firms' SDG disclosure practices, evidencing their inadequacy. Nevertheless, despite the burgeoning SDG disclosure literature, the extent to which SDG disclosure effectively reflects corporate sustainability performance is still unclear. Accordingly, using data from a large panel data set comprising 635 companies from 45 world countries and 8 industry sectors over the period 2016–2020, this study investigates the relationship between corporate environmental, social and governance (ESG) performance and sustainable development goals (SDGs) disclosure. Voluntary SDG disclosure has been measured using a disclosure index based on each company's response to the uniform and well‐designed communication on progress (CoP) questionnaire drafted annually by business participants in the United Nations Global Compact (UNGC). Several panel Tobit regressions have been estimated to examine whether the level of SDG disclosure retrieved from the CoPs reflects underlying corporate sustainability performance measured by total and individual ESG scores provided by the Refinitiv Eikon database. The study's findings provide robust empirical evidence that sustainability performance positively affects SDG disclosure, especially through environmental and social channels. Therefore, in line with the voluntary disclosure theory's arguments, this study highlights that superior sustainability performers provide more SDG disclosure to prove their high performance and distinguish themselves in the eyes of investors and other stakeholders.

Overview

Integrity signals

Registry

Crossref · 10.1111/jifm.12194

Cites

79 of 79 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Citations

Cites

Flagged first, then by citations

Show all 80 references

1 of the 80 references couldn’t be matched to a known paper.

Research works printed but not linked: 2

  1. Gujarati D. N., 2009, Basic econometrics
  2. Wooldridge J. M., 2010, Econometric analysis of cross section and panel data

Cited by

Sorted by citations

Items 101–134 of 134

Related

See all

Metadata

Authors
Nicolo', G., Zampone, G., De Iorio, S., & Sannino, G.
Affiliations
  • Management and Innovation Systems Department University of Salerno Fisciano Salerno Italy
  • University of Campania "Luigi Vanvitelli" (IT)
  • Department of Economics University of Campania “Luigi Vanvitelli” Capua Caserta Italy
ORCID
Venue
Journal of International Financial Management & Accounting
Publisher
Wiley
Published
2023-11-03
Volume
35
Issue
1
Pages
214-260
ISSN
  • 0954-1314 (ISSN-L)
  • 1467-646X
DOI
10.1111/jifm.12194
OpenAlex
W4388289542
Cited by
134
References
80
Citations by year
2026: 41 · 2025: 54 · 2024: 39
FWCI
28.86
Type
journal article
Language
en
Open access
Licence
Locations
  • Journal of International Financial Management and Accounting (publishedVersion, cc-by-nc-nd)
  • Archivio Istituzionale della Ricerca - Università degli Studi della Campania "Luigi Vanvitelli" (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Governance, Compliance, and Sustainability
  • Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Corporate Social Responsibility and Sustainability
Keywords
corporate sustainability performance, ESG performance, UN Global Compact, voluntary disclosure theory, disclosure index, environmental and social performance, corporate transparency

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review