WHAT CAN BE LEARNED FROM SUSTAINABILITY REPORTING AT THE FRONTIER MARKETS? THE CASE OF THE REPUBLIC OF SERBIA AND NORTH MACEDONIA1

Dencic-Mihajlov, Ksenija and Poposki, Klime and Pavlovic, Milica (2021) WHAT CAN BE LEARNED FROM SUSTAINABILITY REPORTING AT THE FRONTIER MARKETS? THE CASE OF THE REPUBLIC OF SERBIA AND NORTH MACEDONIA1. Journal of Financial Regulation and Compliance, 18. pp. 243-257. ISSN 1358-1988

Text WHAT_CAN_BE_LEARNED_FROM_SUSTAINABILITY_REPORTING_ (1).pdf Download (576kB)

Abstract

The paper examines the corporate social responsibility (CSR) reporting practice at the frontier markets by using a comparative review of sustainability reporting practice according to the GRI framework. The research covers 31 companies included in the BELEXline and MBI10 indices in the period 2014-2018. The values of Social, Environmental, Economic and aggregate Sustainability Index, calculated using content analysis, indicate a low level of sustainability reporting practice. This is a consequence of a passive ownership and modest stakeholder pressures to the companies at two frontier markets and the lack of normative pressure on sustainability reporting. The grouping of the companies into clusters in accordance with the disclosure of sustainability indicators indicates significant inter- and intra-countries variations in practice. The reporting on sustainability issues differs among the companies according to their size, ownership structure, exchange market and industrial sector affiliation, which is on par with the developed capital markets.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Tourism and Hospitality
Depositing User:	Prof. d-r Klime Poposki
Date Deposited:	13 Nov 2024 14:06
Last Modified:	13 Nov 2024 14:06
URI:	https://eprints.uklo.edu.mk/id/eprint/10449

Actions (login required)

View Item