Environmental disclosure and its relation to waste performance

Benjamin, Samuel Jebaraj; Biswas, Pallab Kumar; Wellalage, Nirosha Hewa; Man, Yimei

doi:10.1108/medar-04-2021-1261

Cited by 8 publications

(11 citation statements)

References 56 publications

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“…So that managers try to convey signals in the form of waste disclosure information to stakeholders that they have tried to perform according to stakeholder expectations. Companies with superior waste performance have a tendency to disclose information on their environmental performance to differentiate them from companies with poor waste performance (Benjamin et al, 2022). Meanwhile, companies with poor performance that only imitate companies with good performance by pretending to show information about environmental concern cannot prove their performance as other companies do.…”

Section: Theoretical Perspective and Hypothesis Developmentmentioning

confidence: 99%

“…Industry classification information was obtained based on statistical reports on the Indonesia Stock Exchange (2018, 2019, 2020). Classification of sensitive industries with waste issues based on research by (Benjamin et al, 2022).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Theoretical Perspective and Hypothesis Developmentmentioning

confidence: 99%

“…Second, the rapid and massive industrial development in frontier and emerging countries is followed by increased consumption of energy, increased carbon dioxide emissions and the amount of waste produced (Boom Cárcamo & Peñabaena-Niebles, 2022). Third, corporate waste requires special attention, measurement, supervision and management from the company because of the intertwined issues with waste disposal, investment and contingency considerations, leakage at landfills causing air pollution, disturbing the comfort of the living environment and health problems of the surrounding community, endanger seawater organisms and extinction in certain habitats (Benjamin et al, 2022). Using samples of S&P 500 companies, Benjamin et al (2022) provide evidence that corporate waste performance has a positive association with environmental disclosures in environmentally sensitive as well as non-sensitive industries.…”

Section: Introductionmentioning

confidence: 99%

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Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Wulansari

Adhariani

2023

Bus Strat Dev

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The role of corporations in waste management can reflect the superior performance in innovation and the risk a company is willing to take to engage in the circular economy. The superior performance of corporate waste management can be reflected in the corporate disclosure as a media of accountability and transparency. This research investigates the association between waste disclosure and corporate risk-taking and the moderating role of foreign ownership in companies in Indonesia as an emerging country struggling to find an effective solution toward environmental problems, including waste. The observation was performed on non-financial companies listed on the Indonesian Stock Exchange for the period 2018-2021. Panel regression was used to find the answers to the research questions of the direct and moderate associations among corporate waste disclosure, risk-taking and foreign ownership. The results show that waste disclosure encourages increased corporate risk-taking, which means that companies that disclose waste are companies with good accountability and environmental performance and tend to take risks that can increase value. Foreign ownership was not found to statistically strengthen the relationship between waste disclosure and corporate risk-taking, which is different from the expectation that improving the transparency of waste information can attract a greater inflow of foreign investor resources. This brings implication that investors need to increase attention to the issue of corporate waste management and put pressure on companies to provide information on corporate waste performance for investment decision-making. Furthermore, the results of the study also found that waste disclosure in Indonesia is still low compared to the international disclosure standard. This research contributes to the sustainability accounting literature in developing countries by outlining the role of waste disclosure.

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Section: Theoretical Perspective and Hypothesis Developmentmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Theoretical Perspective and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Wulansari

Adhariani

2023

Bus Strat Dev

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“…Environmental issues are multidimensional in nature (Konadu et al, 2022), with waste rapidly becoming a global crisis (Benjamin et al, 2022). Waste production is a major source of greenhouse gas emissions, and its effect on climate change is inevitable (Clifford, 2021; Konadu et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Do foreign directors reinforce better waste management? The moderating role of eco‐innovation

Uyar,

Al‐Shaer,

Kuzey

et al. 2023

Bus Strat Env

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Prior studies have reported an association between corporate waste management practices and certain board attributes, but none have focused on foreign directors. Therefore, we examine foreign directors' contributions to firms' waste management by exclusively focusing on waste reduction and recycling. Furthermore, we explore an important channel through which foreign directors spur better waste management, namely, eco‐innovation. Drawing on 6891 observations affiliated with 9 sectors and 46 countries, we execute country, industry and year fixed‐effects regression analysis. We find that while foreign directors on the board are negatively associated with waste generation, they are positively associated with waste recycling. Furthermore, while the eco‐innovativeness of firms negatively moderates the association between foreign directors on the board and waste generation, it positively moderates the association between foreign directors on the board and waste recycling. Further channel analyses reveal more insights concerning polluting versus non‐polluting and poor versus strong regulatory environments.

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Fulfilling stakeholders' demand: Exploring CSR assurance's contribution to firms' environmental and social disclosures

Benjamin,

Botes,

Singh

2024

Bus Strat Dev

Self Cite

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This paper rigorously explores the impact of corporate social responsibility (CSR) assurance on the environmental and social disclosures of S&P 500 firms over the period 2010–2018. Integrating annual financial, CSR assurance and environmental and social disclosures data, our study unveils a positive association between CSR assurance and firms' environmental and social disclosures. In a pioneering analysis, we delve into the nuanced interplay between CSR assurance, female directors and environmental and social disclosures. Intriguingly, our findings reveal a negative and significant interaction between female directors and CSR assurance, shedding light on potential substitutes in shaping environmental and social disclosures. Furthermore, our study uncovers the moderating effect of sensitive industries, indicating a positive relationship between CSR assurance and environmental disclosures. Importantly, these insights remain robust across alternative estimation approaches. This study marks a notable contribution by being the first to scrutinize the implications of CSR assurance on social disclosure, investigate the substitutive role of female directors in comparison with CSR assurance and shed light on the added significance of CSR assurance in firms operating in sensitive industries. Our findings provide valuable insights for corporations and stakeholders amid escalating demands for comprehensive and reliable reporting on environmental and social matters. Likewise, this study underscores the potential policy implications of promoting or mandating CSR assurance, given its positive impact on environmental and social disclosures. Policymakers are urged to consider initiatives fostering gender diversity on boards and industry‐specific approaches to enhance sustainability‐related disclosures, aligning regulatory frameworks with evolving stakeholder expectations.

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Environmental disclosure and its relation to waste performance

Cited by 8 publications

References 56 publications

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Corporate waste disclosure, risk‐taking and foreign ownership: Evidence from Indonesia

Do foreign directors reinforce better waste management? The moderating role of eco‐innovation

Fulfilling stakeholders' demand: Exploring CSR assurance's contribution to firms' environmental and social disclosures

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