TY  - CHAP
AB  - This paper examines factors that are associated with the level of a firm's environmental disclosure in the footnotes of its annual report financial statements and its 10-K report filed with the Securities and Exchange Commission (SEC). The levels of environmental disclosure are measured using the Wiseman scale (Wiseman, 1982). An N-chotomous probit analysis is utilized where the level of disclosure is the dependent variable, and the independent variables are firm characteristics including: (1) institutional blockholder stock ownership, (2) amount of foreign concentration, (3) earnings volatility, (4) profitability, (5) leverage, (6) future need for debt financing, (7) firm size, and (8) industry membership.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.
VL  - 3
SN  - 978-0-76231-366-2, 978-1-84950-457-7/1479-3598
DO  - 10.1016/S1479-3598(06)03003-2
UR  - https://doi.org/10.1016/S1479-3598(06)03003-2
AU  - Karim Khondkar E.
AU  - Lacina Michael J.
AU  - Rutledge Robert W.
ED  - Martin Freedman
ED  - Bikki Jaggi
PY  - 2006
Y1  - 2006/01/01
TI  - The Association between Firm Characteristics and the Level of Environmental Disclosure in Financial Statement Footnotes
T2  - Environmental Accounting
T3  - Advances in Environmental Accounting & Management
PB  - Emerald Group Publishing Limited
SP  - 77
EP  - 109
Y2  - 2024/04/19
ER  -