{"id":2494,"date":"2021-03-08T14:47:02","date_gmt":"2021-03-08T14:47:02","guid":{"rendered":"https:\/\/mgt.sjp.ac.lk\/vjm\/?p=2494"},"modified":"2021-03-08T14:54:35","modified_gmt":"2021-03-08T14:54:35","slug":"sustainability-reporting-and-its-impact-on-financial-performance-a-study-of-the-sri-lankan-financial-sector","status":"publish","type":"post","link":"https:\/\/mgt.sjp.ac.lk\/vjm\/2021\/03\/08\/sustainability-reporting-and-its-impact-on-financial-performance-a-study-of-the-sri-lankan-financial-sector\/","title":{"rendered":"Sustainability Reporting and Its Impact on Financial Performance: A Study of the Sri Lankan Financial Sector."},"content":{"rendered":"<p><section class=\"kc-elm kc-css-184715 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-633638 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-942376 kc_text_block\"><\/p>\n<ul class=\"list4\">\n<li><span style=\"font-weight: 600;\">P. O. De. Silva<\/span><br \/><i style=\"color: #666666; font-size: 11pt;\">University of Uva Wellassa, Sri Lanka<\/i><\/li>\n<li><span style=\"font-weight: 600;\">Abstract<\/span><br \/><i style=\"color: #666666; font-size: 11pt; text-align: justify;\">The sustainability reporting which integrates the organization\u2019s economic, environmental and social performance towards achieving better financial performance has become a contemporary issue due to the absence of a precise model or a rigid regulatory framework in this arena. Therefore, the purpose of this study is to identify whether there is a significant difference in sustainable disclosures among the financial institutes and how sustainability reporting influence on institutional performance. Accordingly, the author derived a disclosure index from the Global Reporting Initiative (GRI) guidelines which consist of 119 parameters to evaluate the content of the reports of listed banks and financial sector companies. Analysis provided a comparison between GRI guidelines and Generation four (G4) framework. Furthermore, the study investigated the causal relationship between the level of disclosures and financial performance. To serve this purpose, data was obtained from annual reports in the Security Exchange Commission (SEC), and companies\u2019 websites then analyzed quantitatively using SPSS 16 data analysis package.<\/i>\n<p><i style=\"color: #666666; font-size: 11pt; text-align: justify;\">The results of the study conclude that there\u2019s no significant difference in sustainability disclosures between listed banks and financial institutes and the number of disclosures has no significant influence on institutes\u2019 financial performance. Furthermore, the study confirmed that there\u2019s no significant difference between G4 framework disclosures (Adopted in 2016\/2017 reporting period) and GRI guidelines (Adopted in 2017\/2018 reporting period). Thereby, the study witnessed that businesses including financial institutes consume scarce resources, while paying poor attention in reporting their accountability towards the sustenance. Therefore, it needs recognizing sustainable responsibility.<\/i><\/p>\n<\/li>\n<li><span style=\"font-weight: 600;\">Keywords<\/span><br \/><i style=\"color: #666666; font-size: 11pt;\">Corporate Disclosures; Financial Institutions; Financial Performance, Sustainability\/Integrated Reporting<\/i><\/li>\n<\/ul>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-829 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-152951 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-675592\" style=\"height: 20px; clear: both; width:100%;\"><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-615517 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-357736 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-247044 kc_text_block\"><\/p>\n<ul class=\"list4\">\n<li><b>Download<\/b><\/li>\n<\/ul>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-830080 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-731097 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-417657 kc-icon-wrapper\">\n\t\t<a href=\"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-content\/uploads\/2021\/03\/1-Sustainability-reporting-Ready-to-Print.pdf\" target=\"_self\" title=\"Download\">\n\t\t<i class=\"fa-file-pdf\"><\/i>\n\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/section><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[210,212],"tags":[],"_links":{"self":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2494"}],"collection":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/comments?post=2494"}],"version-history":[{"count":6,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2494\/revisions"}],"predecessor-version":[{"id":2501,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/posts\/2494\/revisions\/2501"}],"wp:attachment":[{"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/media?parent=2494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/categories?post=2494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mgt.sjp.ac.lk\/vjm\/wp-json\/wp\/v2\/tags?post=2494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}