The results indicate that higher foreign concentration, and to some extent, higher earnings volatility are associated with less environmental disclosure. These results provide evidence that firms with higher foreign concentration are more reluctant to disclose environmental information because they are under higher scrutiny from other countries and the international community. Additionally, it is probable that firms with a more volatile earnings process are less willing to disclose potential environmental costs and obligations because these additional expenditures can have an especially adverse effect during low-earnings periods.
Karim, K.E., Lacina, M.J. and Rutledge, R.W. (2006), "The Association between Firm Characteristics and the Level of Environmental Disclosure in Financial Statement Footnotes", Freedman, M. and Jaggi, B. (Ed.) Environmental Accounting (Advances in Environmental Accounting & Management, Vol. 3), Emerald Group Publishing Limited, Bingley, pp. 77-109. https://doi.org/10.1016/S1479-3598(06)03003-2Download as .RIS
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