Voluntary Non-Financial Disclosure and its Impact on Corporate Environmental Responsibility in the Iraq Stock Exchange

Abstract

Purpose: This Study aims to test the impact of voluntary non-financial disclosure on corporate environmental responsibility, In other words, examining the relationship between voluntary non-financial disclosure and corporate environmental responsibility. Theoretical framework: The theoretical aspect of this study was covered by previous studies published in international journals related to voluntary non-financial disclosure and corporate environmental responsibility. Design/methodology/approach: The main tool for data collection was the questionnaire, by surveying the opinions of 211 CEOs, certified accountants and academics In the Iraq Stock Exchange, the statistical program SPSS was used to analyze this data. Finding: The results showed that voluntary non-financial disclosure has a positive effect on encouraging Companies to disclose environmental information and increase their responsibility in this direction. Research, Practical & Social implications: This study explains the environmental responsibility of companies and clarifies the role of companies in addressing environmental issues as they have the economic and human capabilities to face these issues. This study also helps direct the attention of decision makers and users of financial reports towards environmental issues by increasing voluntary non-financial disclosure. Originality: To the best of our knowledge, this study is the first of its kind at the local level, which discusses the impact of voluntary non-financial disclosure of companies listed on the Iraq Stock Exchange on the environmental responsibility of these companies.