Environmental Accounting Disclosure Research Articles

Effect of Environmental Disclosure on Cost of Equity of Listed Consumer Goods Firms in Nigeria

As concerns about climate change, pollution and resource scarcity intensifies, stakeholders are placing greater emphasis on the environmental practices of organisations. Based on this, the study examined the effect of environmental disclosure on the cost of equity of listed consumer goods firms in Nigeria. Ex-post facto research design was adopted, and panel data covering ten (10) years (2013-2022) were collected across eighteen (18) listed consumer goods firms in Nigeria which formed the sample size of the study. The data collected were analysed using panel multiple regression analysis via E-views 10.0 statistical package. The study findings revealed environmental risk disclosure (Coeff. = -0.0269{0.0107}) and waste management disclosure (Coeff. = -0.0178{0.0009}) have significant negative relationships on cost of equity (COE) of listed consumer goods firms in Nigeria while greenhouse gas emission disclosure (GGED) has an insignificant negative effect (Coeff. = -0.0075{0.3966}) on cost of equity (COE) of listed consumer goods firms in Nigeria. It was thus concluded that environmental accounting disclosure plays a crucial and significant role in shaping the cost of equity of listed consumer goods firms in Nigeria. The study recommended, amongst others, that regulatory bodies and industry associations should advocate for the integration of robust waste management disclosure strategies within corporate reporting frameworks to mitigate environmental impact and promote sustainable business practices.

The Effect of Environmental Taxes on Environmental Accounting Disclosure of Nigerian Oil and Gas Companies

There is currently a lack of information about the contemporary and potential effects of environmental taxes on environmental accounting disclosure. This study, therefore, explores environmental taxes' impact on Nigerian oil and gas companies' disclosure of environmental accounting information. The study used auxiliary data by generating information on the outcome variable and the explanatory variable from the “Organization for Economic Cooperation and Development” (OECD) and annual reports and accounts of the oil and gas corporations in Nigeria. The analysis included thirteen (13) companies as of December 31, 2021. Fixed-effects regression using Estimation using Driscoll and Kraay standard errors (DKSE) has been used in this study. The study revealed that an increase in total green taxes or transportation taxes will stimulate the disclosure of environmental accounting information by the oil and gas corporations in Nigeria. It is also documented that oil and gas companies that have high C2 intensity are less likely to disclose environmental accounting information.  The study findings will be useful to the regulators and policymakers in Nigeria. This is because if the government enhances environmental taxes, it may inspire companies to enhance their environmental accounting procedures.

Financial and non-financial disclosures on sustainable development: The mediating role of environmental accounting disclosure practices

Purpose: Environmental accounting is a complementary and contributory component of corporate governance that can achieve sustainable growth and development. This study investigates the financial and non-financial disclosures that influence sustainable development through the mediating effect of environmental accounting disclosure practices. Research methodology: Self-administered questions in a closed-ended questionnaire were used, employing a five-point Likert scale to quantify opinions. Data were collected purposively and physically by the researchers from 338 respondents using a pretesting modified process, a pilot survey, a final survey, and finally analyzed using the PLS-SEM. Results: Our study reveals that non-financial disclosure has both direct and indirect effects on sustainable development through environmental accounting disclosure practices, while financial disclosure only has indirect effects. Environmental accounting disclosure practices exert a statistically significant influence and predictive power on sustainable development. Limitations: Our study is limited to listed textile companies, without considering non-listed textiles, ready-made garments (RMG), and other listed manufacturing companies in Bangladesh. Contribution: The study findings convey  a meaningful message to listed textile companies, their managers, researchers, regulators, and practitioners, urging them to integrate and enhance environmental practices for sustainability. These findings contribute significantly to the literature and may influence multinational buying companies. Novelty: This pioneering accounting research aims to articulate the scale and theoretical validation of accountants’ perceptions by studying the mediating effect of environmental accounting disclosure practices between financial and non-financial disclosures and sustainable development through PLS-SEM.

Environmental Accounting Information Disclosure and Shareholders Investment Decision in Listed Consumer Goods Manufacturing Firms in Nigeria

Adequate disclosure of information enhances investors’ confidence and decision making. The attainment of optimal investment decision making has remained one of the major goals of every shareholder and one of such shareholders’ investment decision is environmental accounting disclosure. Decision of shareholders to invest in consumer goods sector has negative effect on the growth of the sector. Studies have shown that not many listed consumer goods manufacturing firms have integrated environmental accounting information disclosure in their operations. Consequently, this study investigated the effect of environmental accounting information disclosure on shareholders’ investment decision using earnings per share in listed consumer firms in Nigeria. The E x-post facto research design was adopted in the study over the period 2012 to 2021. The population and sample size of the study was 21 and 16 respectively and purposive sampling technique was adopted. Based on the Global Reporting Index (GRI) 2013 criteria, data were gathered from the annual reports of the sampled firms through secondary method of data collection and multiple regression technique of data analysis was used for analysis. The findings showed that there is a positive and significant effect of community development disclosure and employee health and safety disclosure on shareholders’ investment decision making in Nigeria (Adj R2=0,091, F=5.945, p=0.001). The study concluded that environmental accounting disclosure influenced shareholders’ investment decision in listed consumer goods manufacturing firms in Nigeria. The study recommended among others, that management of listed consumer goods manufacturing firms should continue to increase community development disclosure and employee health and safety disclosure in order to boost earnings per share which will translate to increased shareholders’ investment decision-making because rational investors invest based on informed decision.

Stakeholder Perspectives on Environmental Accounting Disclosure: A Case Study of North Toraja District Government

This research uses an ethnographic approach to explore environmental accounting reporting practices in the local government of North Toraja regency. Through participatory observation, in-depth interviews, and document analysis, qualitative data were obtained to understand the dynamics of environmental accounting practices at the local level. The findings show the complexity of environmental accounting reporting practices, which are not only influenced by economic and environmental factors, but also closely related to local cultural preservation needs. Interviews with stakeholders, including government officials, environmentalists, financial officers, and research employees, revealed additional dimensions of environmental accounting practices. The integration of these practices with local cultural preservation highlights the central role of socio-cultural aspects in environment-related decision-making. In addition, the importance of active community involvement and proper budget allocation was highlighted, with adequate financial support considered crucial for the effective implementation of the practice. Corporate social responsibility is not only seen as a regulatory obligation, but also as a positive contribution to the local community and environment.

PENGARUH KINERJA LINGKUNGAN TERHADAP NILAI PERUSAHAAN: STUDI KASUS PERUSAHAAN CONSUMER NON-CYCLICALS

This study aims to determine and analyze the effect of environmental performance on company value with environmental accounting disclosure as a moderation variable. This research method uses quantitative methods. The data in this study is secondary data, which is in the form of annual financial reports and sustainability reports of consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) for 2018 – 2022. The population in this study amounted to 59 companies and with a total research sample of 80 observation data. The sampling technique used in this study is the purposive sampling method. Data analysis was performed by panel data regression analysis and moderated regression analysis. The results of this study indicate that environmental performance does not have a significant effect on firm value, environmental accounting disclosure can moderate or improve the relationship effect of environmental performance on company value. This study has several limitations, namely that the independent variable only consists of one kind, the sample in the study is only from consumer non-cyclicals sector companies with a research period of 2018 - 2022. So, suggestions for future research can add research variables and use other company sectors.
 
 Keywords: Environmental Performance, Environmental Accounting Disclosures, Firm Value, Stock Price, Stakeholders.

Research on the Disclosure of Environmental Accounting Information in Listed Steel Companies

 Amid escalating global environmental challenges, the transparency in environmental accounting is now central to upholding corporate social responsibility and fostering sustainable growth. In China, where the steel industry significantly contributes to carbon emissions, the transparency of its environmental accounting is pivotal to meeting the nation's "dual carbon" objectives. This study analyzed environmental accounting data from 28 publicly listed steel companies, drawing from their annual corporate and social responsibility reports between 2018 and 2022. The findings reveal advancements in the steel industry's environmental accounting practices; however, notable inconsistencies persist in disclosure content, format, frequency, and accuracy. To rectify these inconsistencies, this paper suggests targeted measures to standardize and improve the environmental accounting disclosures of China's listed steel companies, supporting the industry's and nation's progression towards sustainability.

Environmental management accounting model in the hotel industry

The impact of tourism industry activities can cause various environmental problems that are detrimental to various parties. This is a social burden, which must be taken seriously. Environmental Management Accounting is a concept that helps companies contain business impacts in the form of monetary units. The application of Environmental Management Accounting helps companies deal with environmental problems by recording all production activities to be reported in the company's environmental cost report. Although until now there is no standard that requires full environmental accounting disclosure. The research methodology uses case studies. This research aims to develop a model in the form of an accounting policy that contains the concept; emphasize relationship patterns and clarify environmental management accounting practices in the hotel industry. Data analysis was carried out using the Miles and Huberman model. The research results show that environmental management accounting is still considered necessary because it does not affect the business climate. In addition, the relationship between a company's environmental performance presented in the company's accountability report and its financial or economic performance is still doubtful.

Pengaruh Pengungkapan Akuntansi Lingkungan dan Mekanisme Good Corporate Goverence terhadap Kinerja Keuangan Perusahaan: Studi Empiris Perusahaan Pertambangan dan Consumer Non Cylicals yang terdaftar di Bursa Efek Indonesia Periode 2018-2022

Financial performance is a description of the achievement of a company or the results of achievements that have been achieved by the company's management in carrying out its function of effectively managing the company's assets during a certain period. The purpose of this study was to examine the effect of environmental accounting implementation and good corporate governance mechanisms on company financial performance. The population in this research is mining companies and consumer non-cyclicals listed on the IDX in 2018-2022. Sampling using purposive sampling method, so that 12 companies will be used as research samples. The variables used are environmental accounting, constitutional ownership, audit committee, and independent commissioners as independent variables, while the company's financial performance as the dependent variable Hypothesis testing is carried out using a simultaneous significant test using multiple linear regression models. Partial significance test (t test) with α = 5% is used to test the hypothesis.The results of the tests that have been carried out indicate that there are two variables of environmental accounting disclosure and audit committee that have a significant positive effect on financial performance, while constitutional ownership and independent commissioners have no statistically insignificant effect on the company's financial performance.

Environmental Accounting Disclosure and Market Value of Listed Food and Beverages Companies in Nigeria

The study determined the relationship between environmental accounting disclosure (EAD) and market value of shares listed in food and beverages companies in Nigeria. It adopted an ex-post facto research design, while secondary data collected from 10 selected food and beverages companies listed on Nigeria Stock Exchange Annual Reports were used. Content analysis of environmental accounting disclosure was carried out. Mean, standard deviation, multiple regression and Pearson product-moment correlation were adopted in the analysis of the data, aided by SPSS version 22.0. The empirical findings showed that environmental accounting disclosure (EAD) had a significant relationship with market value of shares. Environmental pollution and control policy (EPC) and cost of compliance with environmental law (CEL) had a positive significant relationship with earnings per share. However, EPC and CEL did not have any influence on book value equity per share. The study concluded that there is a need for firms to disclose environmental accounting information, as it helps to improve the market value of firms.

Factors influencing the environmental accounting disclosure practices for sustainable development: A systematic literature review

Purpose: This study aims to synthesize a testable conceptual framework that illustrates the link between various factors and environmental accounting disclosure practices. Research methodology: A systematic review approach was used to examine publications published from 2001 to 2023. Only the referenced studies were employed as secondary data to identify the factors for synthesizing the conceptual framework. Results: Most publications were studies on emerging nations and showed an expanding trend in disclosures. The findings showed that firm size, profitability, leverage, industry type, and ownership are critical motivators of environmental accounting disclosure (EADs). Moreover, this study summarizes the intriguing concerns not addressed through a conceptual framework. This indicates a possible hypothetical link between these factors for future studies on EADs. Future reviews could boost firms' EADs to help society achieve clean and healthy environments. Originality: The two conceptual frameworks proposed in this study provide new insights into future research and management ramifications.

The Effect Of Physical Environmental Accounting Disclosures, Monetary Environment Accounting And Environmental Performance On Company Value At PTPN XI Gending Sugar Factory

Many companies ignore environmental costs because they think that these costs are only limited to supporting the company's operational activities and are not directly related to the production process. Environmental accounting is a term that specializes in financing companies or the government from operational activities which later raise environmental costs and companies are required to pay these costs. The formulation of the problems examined in this thesis are: 1) Do physical environment accounting have a significant effect on firm value? 2) Do monetary environmental accounting have a significant effect on firm value? 3) Doenvironmental performance have a significant effect on company value? 4) Do physical environment accounting, monetary environmental accounting and environmental performance simultaneously have significant effect on firm value? The aims of this research are 1) to analyze the significant of physical environment accounting on firm value. 2) To analyze the significant effect of monetary environmental accounting on firm value. 3) To analyze the significant effect of environmental performance on firm value. 4) To analyze the significant effect of physical environment accounting, monetary environmental accounting and environmental performance simultaneously on firm value. This study uses a quantitative approach to the type of researchfield reseach. The population and sample of this study were the accounting and processing staff of the Gending Sugar Factory, totaling 43 employees by distributing questionnaires to 43 respondents using a saturated sample technique. Data analysis tools include validity test, reliability test, classic assumption test and multiple linear regression analysis, hypothesis testing and coefficient of determination test (R2) with the help of the SPSS program Statistics version 22. This study can be concluded that partially the physical and monetary environmental accounting variables have a significant effect on firm value. Physical environment accounting variable value tcount3,098 > ttable 2.022, significant value 0.004 <0.05, monetary environmental accounting variable t valuecount7,271 > ttable 2.022, a significant value of 0.000 <0.05. The environmental performance variable has no significant effect on firm value where the value of tcount-1,764< ttable 2.022 significant value 0.086 > 0.05. While simultaneously the variables of physical environmental accounting, monetary environmental accounting and environmental performance have a positive and significant effect on firm value with a value of Fcount 24,883 > Ftable2.855 and a significant value of 0.000 <0.05.

The Impact of Environmental Accounting Disclosure on Environmental Practices (Water, Energy and Wastes) in Hotels

The Impact of Environmental Accounting Disclosure on Environmental Practices (Water, Energy and Wastes) in Hotels

The Impact of Environmental Accounting Disclosure on Environmental Practices (Water, Energy and Wastes) in Hotels

The Impact of Environmental Accounting Disclosure on Environmental Practices (Water, Energy and Wastes) in Hotels

Impact of Environmental Accounting Disclosures on the Earnings Management of Selected Industrial Firms

The financial-related crises that raged through countries of the world which prompted the breakdown of some blue chip organizations (for example Enron, WorldCom, and so on.) have placed earnings management of financial statements in the spotlight and a developing number of organizations around the world have willfully embrace and integrate the practice of environmental accounting disclosure into their plans of action in other to improving their corporate strategies, moral conduct, and their relationship with significant cultural interest. It was against this backdrop that this study examined the impact of environmental accounting disclosure on the earnings management of quoted industrial sector companies in Nigeria. The study sample fourteen (14) industrial goods companies from 2013 to 2020 and from the pooled OLS (ordinary least square) regression analyses, the findings suggested a positive relationship between environmental accounting disclosure and discretionary accruals. It was recommended that industrial goods firms should persist in giving great concern to environmental accounting disclosure practice as it ties the growth of the firm to economic growth. Keywords: Environmental Accounting Disclosure; Earnings Management; Discretionary Accruals.

Relation between Environmental Accounting & Disclosure Practices and Corporate Performance Indicators: A Study of Selected Listed Banks of Bangladesh

The purpose of this paper is to examine the corporate performance indicators- age, size, EPS, NPAT, ROA, NAVPS influencing the level of environmental disclosure information from a sample of 15 Bangladeshi listed banks. Multiple regression analysis shows a negative and significant impact of age on environmental accounting disclosure practice. New banks tend to disclose more about environmental issues. However, profitability (measured by EPS, ROA, NPAT) and size (NAVPS) have no impact on the disclosure level. The study’s findings help understand Bangladeshi listed banks behavior in terms of environmental disclosure. Therefore, this study concludes that level of environmental accounting and disclosure is not significantly influenced by corporate performance indicators. Keywords: Environmental Accounting, Disclosure, Corporate Performance, Banks, Bangladesh. DOI: 10.7176/JESD/14-4-02 Publication date: February 28 th 2023

Current Situation and Reflections of Environmental Accounting Information Disclosure in China's Iron and Steel Industry under the Background of "Double Carbon"

China plans to reach peak carbon use by 2030 and achieve carbon neutrality by 2060. This "double carbon" target makes the iron and steel industry, a high-consumption, heavy-polluting, energy-intensive industry, face great challenges. In order to achieve green transformation and promote sustainable development, the iron and steel industry, as a national pillar industry, should raise awareness of environmental protection, increase environmental accounting information disclosure, and improve the level of environmental accounting information disclosure. This paper discusses the current situation of environmental accounting information disclosure in the iron and steel industry, summarizes the current problems of environmental accounting information disclosure in the iron and steel industry, and proposes countermeasures to solve them. It is found that the iron and steel industry currently has problems such as low initiative of environmental information disclosure, less disclosure of negative information, scattered disclosure information, non-uniform disclosure carriers, etc. It is recommended to accelerate the construction of the environmental accounting disclosure system and regulations, improve and standardize the environmental accounting information disclosure system, strengthen the construction of third-party audit, improve the awareness of environmental information disclosure of enterprises, and standardize the environmental accounting information disclosure from both national and enterprise levels Content.

ANALISIS PENGUNGKAPAN AKUNTANSI LINGKUNGAN, KINERJA LINGKUNGAN DAN BIAYA LINGKUNGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN OIL, GAS & COAL

With the threat of climate change and a decrease in environmental support. This has led to a paradigm shift in which companies are judged not only based on their company's performance but also on their environmental performance. Regarding the existing phenomena regarding the impact of environmental damage that affects the company's environmental operating activities. Disclosure of environmental accounting is considered to be the best solution to the problems that occur around the company. In addition, by looking at environmental costs and environmental performance, it is expected to support the company. The sample in this study uses Gas, Oil & Coal companies with a timeframe of 2017-2020. The method used in this study is multiple linear regression analysis with the results of research that environmental accounting disclosures do not have an effect on the company, environmental costs, environmental performance have an influence on firm value.

Environmental Accounting Disclosure and Market Value of Listed Non Financial Firms in Nigeria

Environmental Accounting Disclosure and Market Value of Listed Non Financial Firms in Nigeria

Environmental Accounting Disclosure Practices: A Bibliometric and Systematic Review

The aim of this study is to examine the importance of Environmental Accounting Disclosure Practices (EADP) and provide a systematic review based on the existing literature. Bibliometric analysis technique was used in this research work based on the Scopus database over a 30-year period (1991-2021), using a sample of 190 articles we determined the most relevant journals, influential authors, countries, keywords, academic institutions, most cited papers, and trends. The results of the study show that this area of research is still at an early stage but is developing at a greater pace. The current analysis reveals that there is a steady rise in publications, and major academic work in this area was from Italy, the USA and the UK. This research also highlighted that environmental accounting disclosure practices have a positive effect on a firm’s performance and that these disclosure practices are significantly dependent upon the firm’s characteristics such as firm size, profitability, time of listing, financial leverage, board size and firm age. This research work does not consider books and chapters but only includes papers published in academics and international journals. Future researchers can also take into consideration other literature review techniques and various other database platforms for data extraction.