Browsing by Author "Alotaibi, Miaad"

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) Determinants of Sustainability Disclosure of Saudi Listed Companies in Saudi Stock Exchange (Tadawul
(Saudi Digital Library, 2019) Alotaibi, Miaad; Alnodel, Ali
The objective of this research is to examine the determinants of environmental sustainability disclosure of Saudi listed companies in Saudi Stock Exchange (Tadawul). Two main dimensions of the factors influencing sustainability disclosure were investigated: company characteristics (size, age, profitability, type of industry and leverage) and board of directors’ characteristics (size, independence and the annual number of meetings). The research study utilised the content analysis approach to collect data from annual reports of non-financial companies listed in the Saudi stock exchange between 2015 and 2017. The total number of annual reports that were covered in this research is 357, which pertain to 119 non-financial companies that were listed during the study period. The study focused on the disclosure of environmental sustainability, which is one of the three branches of sustainability (social, economic and environmental). The Global Initiative Reports GRI (G4) issued by the United Nations in 2013 was used to examine these annual reports with respect to the disclosure of environmental sustainability. The findings of this dissertation reveal that the type of industry, company’s profits, company size and company age are important determinants when it comes to the disclosure of environmental sustainability for Saudi non financial companies listed in the period of 2015–2017. The elements of corporate governance except for board independence are not important factors, which might be due to the voluntary nature of disclosure of sustainability information. These results suggest that factors related to the identity of a group of companies might influence the disclosure for such type of companies, particularly when the disclosure is voluntary. Therefore, the explanation provided by legitimacy theory with regards to voluntary disclosure is more influenced by bounded factors that reflect upon a group of companies. The results of this dissertation should help in evaluating the overall contribution of Saudi companies toward the achievement of Saudi Vision 2030, which intends to enhance the quality of life in Saudi society.
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