Corporate Characteristics and Sustainability Reporting: From the Lens of the Legitimacy Theory (original) (raw)
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This study examines the impact of sustainability reporting on financial performance among Malaysian public listed companies. A lot of companies across the globe have increasingly involved with sustainability reporting in recent years. Widely, it is not necessary because of the mandatory rules or for reputational issues anymore but it is one of the ways to create efficiency in a business and to improve its performance. The current problem of sustainability reporting is that companies are not convinced to report. When it comes to reporting, a company would contemplate of the additional cost and other uncertain issues that might incur. This results to the ignorance of sustainability. Due to the uncertain issues such as high reporting cost and the difficulty of measurements, the reporting has been neglected and certain people are unaware about the importance of sustainability. Another problem of sustainability reporting is that the reporting percentage is very low among developing count...