Corporate Sustainability Reporting Compliance Factors: A Panel Data Study of Listed Companies in Peru

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The Anáhuac Journal
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Published: Jun 26, 2024
DOI: https://doi.org/10.36105/theanahuacjour.2024v24n1.03
Keywords:
determinants of sustainability reporting, corporate governance, listed companies, Peru, sustainability report

Main Article Content

Julio Hernández Pajares
Universidad de Piura-Campus Lima, Peru
Yulliana Llauce Ontaneda
Universidad de Piura-Campus Lima, Peru
Macarena Mansilla Mahmud
Universidad de Piura-Campus Lima, Peru
https://orcid.org/0000-0003-4345-6254

Abstract

In 2016, the Peruvian Stock Market Superintendency (SMV, by its Spanish acronym) mandated listed companies to publish a Corporate Sustainability Report in the Peruvian stock market as part of corporate governance policies. This research aims to analyze the evolution of compliance levels with the requirements for the sustainability reports established by the SMV as well as the corporate determinants for listed companies in Peru. This quantitative and explanatory research was conducted using a panel data linear regression analysis with fixed effects for the period 2018–2022, to assess the determinant effect of the independent variables on levels of corporate sustainability reporting compliance. The results show an unsteady increase in the level of sustainability reporting compliance until 2022, mainly in social performance. For the regression model with fixed effects on the year variable, the following are determinants of the level of sustainability reporting compliance: company size, belonging to sectors with higher sustainability impact, and voluntary sustainability reporting.

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How to Cite
Hernández Pajares, J., Llauce Ontaneda, Y., & Mansilla Mahmud, M. (2024). Corporate Sustainability Reporting Compliance Factors: A Panel Data Study of Listed Companies in Peru. The Anáhuac Journal, 24(1), Págs. 64–91. https://doi.org/10.36105/theanahuacjour.2024v24n1.03
Issue
Vol. 24 No. 1 (2024): The Anáhuac Journal, Vol. 24, num. 1, 2024, First Semester
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Artículos
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Author Biographies

Julio Hernández Pajares, Universidad de Piura-Campus Lima, Peru

Julio César Hernández Pajares has a PhD in Accounting and Finance and a master’s in International Business Management from the Universidad de Zaragoza, and is a Public Accountant from the Pontificia Universidad Católica del Perú. He is a senior lecturer, researcher, and author of publications in indexed scientific journals in the areas of financial accounting and IFRS, corporate governance, social responsibility and sustainability at the University of Piura. He was Director of the Accounting and Auditing Program and Vice-Dean of the Faculty of Economics and Business Administration at the Universidad de Piura. Formerly auditor at Deloitte & Touche, he is a consultant and advisor to companies.

Yulliana Llauce Ontaneda, Universidad de Piura-Campus Lima, Peru

Yulliana Marised Llauce Ontaneda has a master’s degree in Business Administration from PAD Business School and is a Public Accountant from Universidad de Piura.
She has a CCA Certificate from the Global Chartered Controller Institute. She is the director of the Accounting and Auditing Program at Universidad de Piura and a professor in the academic area of accounting for undergraduate courses and graduate programs in financial accounting, cost and management control courses.
She has worked in the accounting area of hydrocarbon companies, as well as in financial auditing, and provides advice to companies on issues related to costs and management control.

Macarena Mansilla Mahmud, Universidad de Piura-Campus Lima, Peru

Macarena Ayleen Mansilla Mahmud holds a bachelor’s degree in economics from the Universidad de Piura. He is a research and teaching assistant at Universidad de Piura, Lima Campus, Peru. Her research interests include organizational behavior, human talent management, and corporate sustainability.

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