Sustainability reporting boosts profits and firm value in developing countries.
The study looked at how financial performance and sustainability reporting are connected, as well as how sustainability reporting affects a company's value. They used data from companies in developing countries in Asia from 2017 to 2018. The results showed that companies that disclose their financial statements and report on sustainability tend to be more profitable and have higher value. This research sheds light on sustainability in emerging markets, which is different from previous studies that focused on developed countries.