<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422022000300009</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2022.3075</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Sustainability report disclosure moderating effect on investment decision, financial accounting variables and share price relationship: A case of Saudi Arabia]]></article-title>
<article-title xml:lang="es"><![CDATA[Informe de sostenibilidad efecto moderador de la divulgación en la decisión de inversión, variables de contabilidad financiera y relación del precio de las acciones: un caso de Arabia Saudita]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mgammal]]></surname>
<given-names><![CDATA[Mahfoudh Hussein]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
<xref ref-type="aff" rid="Aaf"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Al-Matari]]></surname>
<given-names><![CDATA[Ebrahim Mohammed]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
<xref ref-type="aff" rid="Aaf"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Jouf University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Arabia Saudita</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Amran University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Yemen</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2022</year>
</pub-date>
<volume>67</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422022000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422022000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422022000300009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The main objective of this article is to examine the mitigating effects of the publication of the sustainability-report on investment decisions and the share-price relationship. In addition, we examine whether the sustainability&#1600;&#1600;report indirectly effects the financial-accounting variables&#8217; value&#1600;&#1600;relevance. We regress GLS with random effects using a balanced sample of 240 observations from the first quarter of 2014 to the last quarter of 2018, including all banks listed in Saudi Arabia. According to the results, the direct coefficient between sustainability reporting, investment decisions and share prices is negatively significant before and after including moderation interaction variable. While the moderated interaction coefficient of the publication of the sustainability-report on the relationship between investment decisions and share prices is positively significant. The direct coefficient between the financial accounting variables and the share-price is positive and significant. Whereas the moderate interaction coefficient of sustainability&#1600;&#1600;report publication on financial accounting variables and share-price is negatively significant. These results suggest that sustainability-reporting information is considered for the benefit of investors and sustainability reporting data is used to supplement accounting information in decision making. The findings also display that investors appreciate the other and complementary disclosures of the financial information provided by the sustainability-report and that this disclosure has had a positive impact on the share-price.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo principal de este artículo es examinar los efectos mitigadores de la publicación del informe de sostenibilidad sobre las decisiones de inversión y la relación precio-acción. Además, examinamos si el informe de sustentabilidad afecta indirectamente la relevancia del valor de las variables financiero-contables. Realizamos una regresión de GLS con efectos aleatorios utilizando una muestra equilibrada de 240 observaciones desde el primer trimestre de 2014 hasta el último trimestre de 2018, incluidos todos los bancos que cotizan en Arabia Saudita. Según los resultados, el coeficiente directo entre los informes de sostenibilidad, las decisiones de inversión y los precios de las acciones es negativamente significativo antes y después de incluir la variable de interacción de moderación. Mientras que el coeficiente de interacción moderado de la publicación del informe de sostenibilidad sobre la relación entre las decisiones de inversión y los precios de las acciones es positivamente significativo. El coeficiente directo entre las variables contables financieras y el precio de la acción es positivo y significativo. Mientras que el moderado coeficiente de interacción de la publicación del informe de sostenibilidad sobre las variables de contabilidad financiera y el precio de la acción es negativamente significativo. Estos resultados sugieren que la información de los informes de sustentabilidad se considera en beneficio de los inversores y los datos de los informes de sustentabilidad se utilizan para complementar la información contable en la toma de decisiones. Los hallazgos también muestran que los inversionistas aprecian las divulgaciones adicionales y complementarias de la información financiera proporcionada por el informe de sustentabilidad y que esta divulgación ha tenido un impacto positivo en el precio de las acciones.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[environmental-social and governance stands]]></kwd>
<kwd lng="en"><![CDATA[sustainability-report]]></kwd>
<kwd lng="en"><![CDATA[C-S-R]]></kwd>
<kwd lng="en"><![CDATA[disclosure]]></kwd>
<kwd lng="en"><![CDATA[stake price]]></kwd>
<kwd lng="es"><![CDATA[stands ambientales-sociales y de gobernanza]]></kwd>
<kwd lng="es"><![CDATA[reporte de sostenibilidad]]></kwd>
<kwd lng="es"><![CDATA[C-S-R]]></kwd>
<kwd lng="es"><![CDATA[divulgación]]></kwd>
<kwd lng="es"><![CDATA[precio de participación]]></kwd>
</kwd-group>
</article-meta>
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