Date of Publication
4-2024
Document Type
Master's Thesis
Degree Name
Master of Science in Accountancy
Subject Categories
Accounting | Business
College
Ramon V. Del Rosario College of Business
Department/Unit
Accountancy
Thesis Advisor
Rodiel C. Ferrer
Defense Panel Chair
Mark Vincent Bendo
Defense Panel Member
Brian Christian Villaluz
Aristotle Manuel Go
Abstract/Summary
Disclosure and transparency have been prioritized not only in financial matters, but also in sustainability-related concerns and non-financial significance. Today, stakeholders of companies do seem to be increasingly concerned with how a company affects the economy, environment, society, and how they contribute to challenges in sustainability as well as financial matters. This study aims to address a gap in prior research by integrating environmental, social and financial reporting disclosures. It seeks to demonstrate the impact of these non-financial disclosures on firm value and profitability, taking into account the moderating effects of firm size and age.
The study utilized secondary data through collection and analysis of Annual Financial Statements, Environmental reports, and Corporate Social Responsibility Reports of publicly-listed companies under Electricity, Energy, Power and Water industry for the years 2017-2021. The data was analyzed using the Structural Equation Model.
The study’s findings indicated that none of the three independent variables tested has significant impact on Firm Profitability. However, when tested the relationship to Firm Value, both Environmental Accounting, and Financial Reporting showed a significant impact. Likewise, when the relationships were moderated by firm’s age environmental and CSR disclosure resulted in significant impact to firm’s profitability and value. However, when moderated using firm size, only CSRD disclosure showed significant impact. The results of this study supported legitimacy theory which states that disclosures, either mandatory or voluntary affects firm valuation.
Abstract Format
html
Language
English
Format
Electronic
Keywords
Sustainable development reporting; Financial statements
Recommended Citation
Reyes, L. P. (2024). Effect of compliance in environmental, sustainability, and selected financial reporting disclosures to firm’s value and profitability of electricity, energy, power, & water companies in the Philippines for the period 2017-2021. Retrieved from https://animorepository.dlsu.edu.ph/etdm_acc/11
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Embargo Period
4-16-2024
