The Determinants of Environmental Disclosures of Public Listed Firms in Malaysia

Mohd Waliuddin, Mohd Razali and Samuel Tu, Ching Lee and Josephine Yau, Tan Hwang and Sharifah Sabrina, Syed Ali and Damien Iung Yau, Lee (2023) The Determinants of Environmental Disclosures of Public Listed Firms in Malaysia. INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ACCOUNTING, FINANCE & MANAGEMENT SCIENCES, 13 (3). pp. 190-203. ISSN 2225-8329

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Determining environmental disclosure is important because it promotes corporate transparency, ensures accountability for environmental impacts, and aids stakeholders in making informed decisions. The objective of this study is to investigate the link between specific firm attributes and environmental disclosure. A final sample of this study consists of 429 Malaysian public listed firms in the year 2016. Data on firm size, profitability, leverage and disperse share ownership were obtained from Eikon database while dependent variable which is environmental disclosure and other variables such as environmental management systems (EMS), age and auditor type were manually collected from firm annual reports. The environmental disclosure is measure based on 11 environment related-words highlighted which are energy or electric, water, biodiversity, emission, effluent, waste, recycle, reuse, spill, environmental impacts and ISO 14001. The regression results show that firm size, industry type, EMS and disperse share ownership are significantly influence environmental disclosures. This study proves that certain firm characteristics, coupled with good corporate governance mechanisms, can motivate firms to provide environmental disclosures. Further research proposes using alternative proxies for environmental disclosure to examine its relationship with foreign associations, brand awareness, firm value, and the cost of financing, which could offer new insights into environmental disclosure practices.

Item Type: Article
Uncontrolled Keywords: Sustainability reporting, firm characteristic, and disclosure.
Subjects: H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User: Mohd Razali
Date Deposited: 23 Oct 2023 02:53
Last Modified: 23 Oct 2023 02:53

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