An Analysis of the Association between Pollution Disclosure and Economic Performance

An Analysis of the Association between Pollution Disclosure and Economic Performance The association between the extent of pollution disclosures and economic performance of firms belonging to four highly polluting industries — chemicals, steel, oil and paper and pulp is examined. The economic performance is determined by calculating ratios on return of assets, return on equity and operating performance. For measurement of the extensiveness of pollution disclosures, a disclosure index has been developed. The results do not indicate a significant association between the economic performance and pollution disclosures for the total sample. However, when the sample is segmented by industry group, a significant positive correlation is detected for the oil industry, indicating an association between economic performance and pollution disclosures. Furthermore, when the sample is divided on the basis of the firm size, the results show that the sub‐group of large firms with poor economic performance provides detailed pollution information. For smaller firms, no association between the two variables is observed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting, Auditing & Accountability Journal Emerald Publishing

An Analysis of the Association between Pollution Disclosure and Economic Performance

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Publisher
Emerald Publishing
Copyright
Copyright © 1988 MCB UP Ltd. All rights reserved.
ISSN
0951-3574
DOI
10.1108/EUM0000000004623
Publisher site
See Article on Publisher Site

Abstract

The association between the extent of pollution disclosures and economic performance of firms belonging to four highly polluting industries — chemicals, steel, oil and paper and pulp is examined. The economic performance is determined by calculating ratios on return of assets, return on equity and operating performance. For measurement of the extensiveness of pollution disclosures, a disclosure index has been developed. The results do not indicate a significant association between the economic performance and pollution disclosures for the total sample. However, when the sample is segmented by industry group, a significant positive correlation is detected for the oil industry, indicating an association between economic performance and pollution disclosures. Furthermore, when the sample is divided on the basis of the firm size, the results show that the sub‐group of large firms with poor economic performance provides detailed pollution information. For smaller firms, no association between the two variables is observed.

Journal

Accounting, Auditing & Accountability JournalEmerald Publishing

Published: Dec 1, 1988

Keywords: Economic Performance; Pollution; Social Accounting; USA

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