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The current status of environmental reporting by Indian companies

Citation

Chatterjee, B and Zaman Mir, M, The current status of environmental reporting by Indian companies, Managerial Auditing Journal, 23, (6) pp. 609-629. ISSN 0268-6902 (2008) [Refereed Article]


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Copyright Statement

Copyright 2008 Emerald Group Publishing

DOI: doi:10.1108/02686900810882138

Abstract

Consumers nowadays expect firms to meet high health and safety standards for workers, respect human rights, protect the interests of consumers and meet environmental standards, regardless of where they operate (Smith, 2002). Hence, it is expected that companies provide information about their environmental performance and policies, together with management systems in operation to support them (Fortes, 2002). It may appear that greater attention to environmental matters may lead to an increase in costs and hence lower profits (Fortes, 2002). On the contrary, environmental reporting choices may influence stakeholders’ interpretation of firms’ financial performance and enhance investor confidence, leading to a lower cost of capital and resulting in a rise in stock valuation multiples together with enhancement in stock liquidity and an increase in the interest of institutional investors (Cormier and Magnan, 2003). As business organizations compete in the global economy, they must do so within the constraints of a society demanding ever‐ increasing environmental accountability. This accountability consists of an increased public scrutiny of both the environmental performance of the firm and its public disclosure of that performance (Al‐Tuwaijri et al., 2004).

Item Details

Item Type:Refereed Article
Keywords:business environment, reports, emerging markets, India, corporate governance
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, Auditing and Accountability
Research Field:Sustainability Accounting and Reporting
Objective Division:Commercial Services and Tourism
Objective Group:Other Commercial Services and Tourism
Objective Field:Commercial Services and Tourism not elsewhere classified
UTAS Author:Chatterjee, B (Dr Bikram Chatterjee)
ID Code:136856
Year Published:2008
Deposited By:Accounting and Corporate Governance
Deposited On:2020-01-20
Last Modified:2020-07-31
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