Disclosure of environmental information by Canadian manufacturing companies: A voluntary disclosure perspective
Top Cited Papers
- 19 May 2004
- book chapter
- Published by Emerald in Advances in Environmental Accounting & Management
Abstract
This chapter empirically examines factors associated with the environmental disclosures made by Canadian manufacturing firms in their 1993 annual reports. Existing studies suggest that corporate environmental information is value-relevant and that firms may disclose such information in a strategic fashion. This study examines the extent to which voluntary disclosure theory can explain corporate disclosure of general and financial environmental information. We find that firms with more news media coverage of their environmental exposure, higher pollution propensity, and more political exposure are more likely to disclose general environmental information. These findings are consistent with the predictions of the voluntary disclosure literature. We also find that disclosure of financial information about corporate environmental impact is influenced less by voluntary disclosure factors than is general disclosure.Keywords
This publication has 16 references indexed in Scilit:
- Factors Influencing Firms' Disclosures about Environmental LiabilitiesReview of Accounting Studies, 1997
- Corporate environmental disclosures: Competitive disclosure hypothesis using 1991 annual report dataThe International Journal of Accounting, 1996
- A Study of the Environmental Disclosure Practices of Australian CorporationsAccounting and Business Research, 1996
- Environmental disclosures, regulatory costs, and changes in firm valueJournal of Accounting and Economics, 1994
- Cross-Sectional Determinants of Analyst Ratings of Corporate DisclosuresJournal of Accounting Research, 1993
- An investigation of the long-run relationship between pollution performance and economic performance: The case of pulp and paper firmsCritical Perspectives on Accounting, 1992
- AN EXAMINATION OF THE IMPACT OF POLLUTION PERFORMANCE ON ECONOMIC AND MARKET PERFORMANCE: PULP AND PAPER FIRMSJournal of Business Finance & Accounting, 1992
- Disclosure of Nonproprietary InformationJournal of Accounting Research, 1985
- The Informational Role of Warranties and Private Disclosure about Product QualityThe Journal of Law and Economics, 1981
- Environmental Performance and Corporate DisclosureJournal of Accounting Research, 1980