Impact of Economic, Environmental, and Social Sustainability Reporting on Financial Performance of UAE Banks

13 Pages Posted: 25 May 2017 Last revised: 24 Sep 2017

See all articles by Haitham Nobanee

Haitham Nobanee

Abu Dhabi University; University of Oxford; University of Liverpool

Nejla Ellili

Abu Dhabi University

Date Written: May 20, 2017

Abstract

This paper examines the extent of sustainability disclosure in the annual reports and on the websites of listed banks on the UAE financial markets during the period 2003-2013. Moreover, it analyzes the impact of sustainability disclosure on banking performance by differentiating between conventional and Islamic banks. Our sustainability disclosure index includes economic, environmental and social dimensions. In addition, our results based on the dynamic panel data reveal that sustainability disclosures as well as economic, environmental and social disclosures have no significant effects on the banking performance of UAE banks, whether they be conventional or Islamic. The economic implication is that serious reactions by firm stakeholders should be addressed to enhance the effectiveness of the disclosure strategy.

Keywords: Corporate Sustainability Disclosure, Economic Disclosure, Environmental Disclosure, Corporate Social Responsibility, Banking Performance

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JEL Classification: C33, G32, G34

Suggested Citation

Nobanee, Haitham and Ellili, Nejla, Impact of Economic, Environmental, and Social Sustainability Reporting on Financial Performance of UAE Banks (May 20, 2017). Available at SSRN: https://ssrn.com/abstract=2971484 or http://dx.doi.org/10.2139/ssrn.2971484

Haitham Nobanee (Contact Author)

Abu Dhabi University ( email )

Abu Dhabi
United Arab Emirates

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

University of Liverpool ( email )

Chatham Street
Brownlow Hill
Liverpool, L69 7ZA
United Kingdom

Nejla Ellili

Abu Dhabi University ( email )

Abu Dhabi
United Arab Emirates

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