Abstract
This study investigates the relationship between social disclosures and environmental disclosures to six corporate characteristics, namely, return on sales, return on equity, leverage, board meetings of directors, board size and corporate size. For the purpose of the study, a sample of 100 companies from the Fortune 500 list is selected for the year 2011 using a social and environmental disclosure score as provided by Bloomberg database. The results based on the multiple linear regressions indicate that the return on sales and the return on equity are positively associated at both social and environmental disclosures while leverage is associated negatively. In addition, the number of board meetings has a positive relationship with the social responsibility disclosure whilst the companies' size is associated positively with that of environmental responsibility disclosure. This study presents initial empirical data investigating different types of disclosures and corporate characteristics which extend the scope of previous studies.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
