THE IMPACT OF VOLUNTARY ENVIRONMENTAL DISCLOSURE QUALITY ON FIRM VALUE.

2009 ◽  
Vol 2009 (1) ◽  
pp. 1-6 ◽  
Author(s):  
Scott Marshall ◽  
Darrell Brown ◽  
Marlene Plumlee
Keyword(s):  
Firm Value ◽  
Disclosure Quality ◽  
Environmental Disclosure ◽  
The Impact

The relationship between environmental disclosure quality and earnings quality: a panel study of an emerging market

2019 ◽  
Vol 13 (2) ◽  
pp. 326-347 ◽  
Author(s):  
Mohammad Alipour ◽  
Mehrdad Ghanbari ◽  
Babak Jamshidinavid ◽  
Aliasghar Taherabadi
Keyword(s):  
Emerging Market ◽  
Earnings Quality ◽  
Panel Study ◽  
Disclosure Quality ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Theoretical Frameworks ◽  
Content Type ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to examine the association between corporate environmental disclosure quality (EDQ) and earnings quality (EQ). Design/methodology/approach The paper uses earnings persistence and accruals quality as a measures of EQ. The paper also uses panel data regression to examine the association between EDQ and EQ for a sample of 107 Iran non-financial firms. Two different theoretical frameworks are used to clarify whether and to what extent an association may exist as an explicit relationship between EDQ and EQ. Findings After controlling for several firm-specific characteristics, the results show that between 2011 and 2016, there has been a significant positive relationship between EDQ and EQ. Practical implications This study sheds light on the relevance of regulating corporate reporting within a setting where companies are already voluntarily reporting on environmental information. Findings have implications for policymakers who have mandated or considering mandating environmental reporting. To the policymakers, in particular, this study highlights the need for incorporating, within the listing rules, minimum requirements in relation to the nature and content of environmental reports. Social implications The findings have implications for stakeholders in terms of effective information quality. The findings are important as more environmentally responsible firms may provide higher quality, more reliable and more transparent information to meet the ethical expectations of stakeholders. Originality/value This is the first study in Iran that considered the impact of EDQ on EQ. This study contributes to the literature on the relationship between EDQ and EQ by showing that the EDQ in Iran is associated with the EQ.

Voluntary environmental disclosure quality and firm value: Further evidence

2015 ◽  
Vol 34 (4) ◽  
pp. 336-361 ◽  
Author(s):  
Marlene Plumlee ◽  
Darrell Brown ◽  
Rachel M. Hayes ◽  
R. Scott Marshall
Keyword(s):  
Firm Value ◽  
Disclosure Quality ◽  
Environmental Disclosure

scholarly journals The Impact of Environmental Information Disclosure Quality on Loan Scale for Enterprises in China’s Heavy Polluting Industries

2021 ◽  
Vol 261 ◽  
pp. 04018
Author(s):  
Jianfei Shen ◽  
Yidan Chen
Keyword(s):  
Information Disclosure ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Bank Loans ◽  
Economic Consequences ◽  
Bank Loan ◽  
Disclosure Quality ◽  
Environmental Disclosure ◽  
Environmental Information Disclosure ◽  
The Impact

In view of the importance of environmental accounting to ecological governance, this article attempts to study the economic consequences of environmental information disclosure quality (EID) from the perspective of bank financing. We assume that good environmental information disclosure quality can help companies obtain bank loan, and then test this conjecture through empirical methods. The data of 330 listed companies in China’s heavy polluting industries were collected, and then analysed by SPSS for regression. The result shows that EID is positively related to the scale of corporate bank loan, which means the improvement of EID can bring convenience when companies need bank loans. The research clarifies the financial consequences of EID and provides some enlightenment for the improvement of corporate environmental disclosure quality.

scholarly journals Quantity versus quality: the value relevance of CSR disclosure of Saudi companies

2016 ◽  
Vol 13 (2) ◽  
pp. 167-179 ◽  
Author(s):  
Khaleed Alotaibi ◽  
Khaled Hussainey
Keyword(s):  
Firm Value ◽  
Information Quality ◽  
Value Relevance ◽  
Positive Association ◽  
Tobin’S Q ◽  
Disclosure Quality ◽  
Tobin's Q ◽  
Csr Disclosure ◽  
Market Capitalisation ◽  
The Impact

We offer a novel contribution by examining the impact of Corporate Social Responsibility (CSR) disclosure quantity and quality on firm value. We use a sample of 171 non-financial firms listed in the Saudi stock market for the period 2013-2014. We complement and extend the work of Hasseldine, Salama and Toms (2005) by measuring the quantity and quality of CSR disclosure and examining their impact on firm value. To measure CSR disclosure quality, we following Beest el al (2009) and capture all qualitative attributes of information quality as defined in the conceptual framework of the IASB (2010 a). We use a CSR disclosure index to measure the quantity of disclosure. Our analysis shows a positive association between CSR disclosure quality and quantity and market capitalisation. However, we did not find the same results when we use either Tobin’s Q or Return on Assets (ROA) as proxies for firm value. This suggests that both CSR disclosure quantity and quality have the same impact on firm value. However, the significance of this impact depends on whether the authors use market capitalisation, Tobin’s Q or ROA.

Responding to “Discrediting” Events: Annual Report Disclosure Responses to Environmental Fines

2002 ◽  
Vol 2 (1) ◽  
pp. 22-40 ◽  
Author(s):  
Hussein Warsame ◽  
Cynthia V. Simmons ◽  
Dean Neu
Keyword(s):  
Impression Management ◽  
Annual Report ◽  
Annual Reports ◽  
Matched Pair ◽  
Disclosure Quality ◽  
Publicly Traded ◽  
Environmental Disclosure ◽  
Environmental Disclosures ◽  
Disclosure Responses

In this study we consider how a discrediting event such as an environmental fine influences the quality of environmental disclosures in subsequent annual reports. Starting from prior work in the areas of impression management along with environmental and social responsibility disclosures, we propose that environmental disclosures provide organizations with a method of “managing” such discrediting events. Using a matched-pair sample of publicly traded Canadian companies that have been subject to environmental fines and those that have not; we analyze changes in pre-fine and post-fine environmental disclosure quality. After controlling for firm-specific characteristics, the provided results are consistent with this explanation.

Does Board Independence Increase Firm Value? Evidence from Closed-End Funds

2019 ◽  
pp. 1-24
Author(s):  
Matthew E. Souther
Keyword(s):  
Instrumental Variables ◽  
Firm Value ◽  
Board Independence ◽  
Difference In Differences ◽  
Cross Sectional ◽  
Closed End Funds ◽  
The Impact ◽  
New Evidence

Researchers disagree about the impact of board independence on firm value. The disagreement generally stems from the endogenous nature of board appointments. I add new evidence to this discussion by using a sample of closed-end funds to document the value-enhancing effects of independent boards. Using cross-sectional, difference-in-differences, and instrumental variables techniques, I address these endogeneity concerns and find consistent evidence that board independence is associated with higher firm value.

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