Factors Influencing Corporate Environmental Disclosure

Abstract

In this paper, we have studied the factors that influence the environmental disclosures of Italian\ud listed companies. We also aimed to verify the effects produced by the introduction of specific\ud legislation (albeit of a voluntary nature) on environmental disclosures. The analysis has the\ud advantage of including all of the informational documents produced by the company. The analysis\ud shows an (excessively) low level of disclosure of environmental information by the companies\ud examined. The econometric analysis then shows, contrary to our hypothesis and the\ud results of previous analyses carried out in other countries, a negative and statistically significant\ud relationship between environmental disclosures, the presences of minority shareholders and\ud large auditors and the listing of the company, including in foreign markets. We lastly observed\ud that the introduction of ad hoc legislation as purely voluntary only affects the contents of quantitative\ud environmental disclosures, which are unsuitable for a highly industrialized developed\ud country

Do Board's Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence

“…To avoid model misspecification, we control for additional variables that could influence the CESD practices. Following prior literature, we control for firm size (FSIZE), which is measured as the natural log of total assets (see D'Amico et al , ; Liao et al , ; Tauringana and Chithambo, ). We also control for firm profitability, measured by return on assets (ROA) (Brammer and Pavelin, ; Clarkson et al , ).…”

“…We also control for firm profitability, measured by return on assets (ROA) (Brammer and Pavelin, ; Clarkson et al , ). We account for the effect of firm leverage (LEV) on disclosure practices, measured through the ratio of long‐term debt to total assets (D'Amico et al , ). In line with prior research (Tauringana and Chithambo, ), we also control for the effect of financial slack (SLACK).…”

“…The environmental implications of corporate economic activities have led to growing demands on firms to adopt sustainable strategies and to disseminate more relevant and reliable information on their environmental performance (Alberici and Querci, ; Arena et al , ; D'Amico et al , ; Shaukat et al , ). Corporate environmental sustainability disclosure (CESD) can typically be defined as the process of disseminating information related to a company's activities, aspirations and public image with regard to environmental sustainability matters (Gray et al , ).…”

Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

“…Among the variables that positively affect disclosure, international literature has generally included firm size (Adams et al [93]; D'Amico et al [94]; García-Sánchez [95]). There are various reasons for this inclusion.…”

Financial Environmental Disclosure in the Annual Reports of Listed Companies in Poland

“…An analysis of the disclosures made by textile companies in Bangladesh [12] revealed that only 9 of the 29 companies puts any environmental information in the annual report. Also, a study of Italian listed companies indicate a low level of disclosure of environmental information [7]. It should be emphasized that there is a tendency of increasing the number of companies making environmental disclosure and improving the quality of the disclosure over time [10], [13], [19], [20].…”