CORPORATE ENVIRONMENTAL INFORMATION DISCLOSURE QUALITY, COMPETITIVE ADVANTAGE AND SUSTAINABLE GROWTH IN BANKING SECTOR OF PAKISTAN

Corporate governance is a set of guideline and benefits by which the management of a company is supervised and managed. Therefore, good corporate governance improves the performance as well as the firm's value for its shareholders. Good corporate governance performs a vital role in enhancing performance of companies; while one of the essential characteristic that has an important role in to the corporate governance is environmental reporting. Inspired by the opportunity environmental reporting could attain the continuous growth and expansion. The current study model is about to explore the relationship of corporate environmental information disclosure quality with sustainable growth with the mediating impact of competitive advantage (corporate reputation and corporate communication efficiency) among Pakistani banks listed on KSE for the panel data of year 2005 to 2014. “Corporate environmental information disclosure quality” is measured by assigning “0” to those banks that are not disclosing their environmental information, and “1” to those who disclose their environmental information. “Sustainable growth” is measured by using proxy i.e. Return on Equity* Retention Ratio. Leverage ratio is used for measuring mediating variable i.e. “corporate reputation”, and attributes of corporate social responsibility (CSR) are used for measuring “corporate communication efficiency”. The results indicate a significant relationship between corporate environmental information disclosure quality and sustainable growth in the presence of corporat reputation and corporate communication efficiency. In present study using panel data, so for the analysis fixed or random effect model is applied on the basis of Hausman Test for all models