激励
会计
德国的
稀缺
业务
制度理论
背景(考古学)
公开披露
质量(理念)
机构投资者
公共经济学
经济
公司治理
财务
市场经济
认识论
工程类
哲学
历史
生物
古生物学
机械工程
考古
管理
作者
Denis Cormier,Michel Magnan,Barbara Van Velthoven
标识
DOI:10.1080/0963818042000339617
摘要
Abstract Investors and stakeholders in continental Europe are becoming increasingly concerned about corporate environmental policies. As a result, many firms are voluntarily increasing the extent of their environmental disclosure in their annual report. While mostly unregulated, corporate environmental disclosure does have potential economic significance considering the scarcity of alternative information sources. The purpose of this study is to identify determinants of corporate environmental disclosure using multi-theoretical lenses that rely on economic incentives, public pressures and institutional theory. The study focuses on large firms from a continental Europe country, Germany, with a distinct legal and regulatory context and where environmental concerns are especially acute. Results show that Risk, Ownership, Fixed Assets Age, Firm Size as well as routine determine the level of environmental disclosure by German firms in a given year. Moreover, consistent with institutional theory, results suggest that German firms' disclosure is converging over time. Overall, results strongly suggest that environmental disclosure is multidimensional and is driven by complementary forces.
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