Critical evaluation of relationship between financial performance and disclosure practices of selected environmental parameters by Indian corporates

Abstract

Adoption, application and disclosure through reporting of Environmental parameters can facilitate to understand the accountability and responsibility of any corporate entity towards various stakeholders in letter and spirit. This study vehemently asserts that companies that are consistently performing activities for preserving and protecting environment and also disclosing them with transparency are more prone to better financial performance and profitability. This practice helps the company earn the trust of all stakeholders, as such practices help in building organizational reputation and credibility in the market. The direction for further study can encourage researchers for undertaking the analysis of data of Indian corporates falling in environment sensitive categories.