Purpose

This research investigates the impact of power distance score on Sustainable development goals (SDG) disclosure.

Methodology

To achieve the research objectives, panel data using 4,644 firm-year observations across 21 European countries between 2019 and 2024 were used. Moreover, the robust fixed effect regression was used to test the research hypothesis.

Finding

The research finding show that the power distance score is negatively associated with the SDGs disclosure, indicating that in societies where power is distributed unequally and hierarchical structures are more accepted, companies tend to be less transparent in their SDG reporting.

Recommendations

The research recommends that policy makers in high power distance societies increase regulation enforcement and empower stakeholders. At the same time, companies ought to adopt changes in governance, especially the creation of CSR committees and participatory decision-making procedures, to reduce cultural barriers and enhance SDG disclosure.

Title

An-Najah University Journal for Law and Economics

Publisher

An-Najah National University

Publisher Country

Palestine

Publication Type

Both (Printed and Online)

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Year

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Pages

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