Document Type

Journal Article

Publication Date

Winter 1-30-2020

Publication Title

Sustainable Stock Market and Sustainability Reporting Propensity of the Public Sector: Mediating Role of the Private Sector


Computer Science and Information Systems


Arthur J. Bauernfeind College of Business


The objective of this article is to investigate the mediating role of the private sector between sustainable stock markets (i.e., the existence of a sustainability index) and the sustainability reporting level of the public sector through spillover theory. The sample of the study consists of 115 country records for 2015 and 2016. The results confirm that the private sector mediates the association between sustainable stock markets and the sustainability reporting level of the public sector. Hence, establishing sustainability indices in stock markets first helps the private sector achieve a higher level of transparency, and then they indirectly help public organizations be more transparent and accountable to their stakeholders

Included in

Business Commons



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