Environmental disclosure by Indian companies: an empirical study

Prasad, Mousami; Mishra, Trupti; Kalro, Arti D.

doi:10.1007/s10668-016-9840-5

Cited by 45 publications

(26 citation statements)

References 40 publications

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“…Pahuja [36] did not identify any significant influence of foreign ownership on CED in the annual reports of large manufacturing companies. Moreover, Prasad et al [111] investigated the relationship of ownership by foreign investors on CED by Indian companies listed on the Bombay Stock Exchange and did not find a significant association-a result similar to that of Sen et al [80].…”

Section: Corporate Environmental Disclosure In Indiamentioning

confidence: 64%

Corporate Environmental Disclosure in India: An Analysis of Multinational and Domestic Agrochemical Corporations

et al. 2019

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The existing corporate environmental disclosure (CED) research focuses primarily on large companies operating in a single jurisdiction, leaving a gap of knowledge regarding the subsidiary operations of multinational corporations. In this study, consolidated narrative interrogation (CONI) is used to quantify CEDs presented in annual and stand-alone sustainability reports published over a 15-year span between 2002 and 2016 by agrochemical companies operating in India. Results show that the diversity, the quantity, and the quality of CED vary significantly, but generally each of them has been improving over time—most notably following the revisions to the Companies Act in 2013. The study finds that the subsidiaries of multinational agrochemical corporations implemented CED practices more strongly associated with those of domestic companies than those found in the reports produced by their parent companies. The CED of both subsidiary and domestic companies appears to reflect concerns of local legitimacy.

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Section: Corporate Environmental Disclosure In Indiamentioning

confidence: 64%

Corporate Environmental Disclosure in India: An Analysis of Multinational and Domestic Agrochemical Corporations

et al. 2019

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“…On the board meetings, the frequency board activities are expected to have positive influence on the level of ecological disclosure (Beekes, Brown, Zhan and Zhang, 2016;Prasad, Mishra and Kalro, 2017). The board meetings result also contradict the argument that frequency of the board meetings enhances the quantity of environmental disclosure and will help overcome agency conflicts (Ntim and Osei, 2011).…”

Section: Discussion Of Resultsmentioning

confidence: 91%

Moderating Effect of Financial Strength on the Relationship Between Board Characteristics and Environmental Sustainability Disclosures

2019

RJFA

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The study examines the moderating effect of financial strength on the relationship between board characteristics (board independence and qualification) and ecological sustainability disclosures on firms listed at the Nairobi Securities Exchange. The study period was (5) years (from 2013 to 2017). It employed a correlational survey research design covering the period of five (5) years (2013-2017). The target population was sixty-five (65) firms listed at the NSE, with a sample size of 56 firms. Data was utilised from firms' annual reports, stand-alone reports, and website. Pearson's correlation, Ordinary Least Square regression model and Environmental Disclosure Index were used in analysis. The results showed that financial strength strengthen the relationship between environmental sustainability disclosure and board independence (β = .23, ρ<.01). A negative and significant moderating effect of financial strength on the relationship between board meetings and environmental sustainability disclosure (β =-.16, ρ<.05) was found. For the board qualification, positive and insignificant effect of financial strength was observed (β = .13, ρ>.05). The study concluded that financial strength has significant moderating effect on the relationship between board characteristics and environmental sustainability disclosure. It recommends enactment of policies addressing corporate environmental reporting by firms as a result of different asset base. Future studies need to focus on; specific dimensions such as directors' experience, age, and nationality, use of more measures of firms financial strength such as risk analysis, cross listing and profitability.

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“…Greiling & Grüb (2014) stresses that an organization must be accountable for its actions. Legitimacy theory is perceived as a possible reason for the recent upsurge in environmental disclosure as corporate entities strive to be greenish in their operations (Braam et al, 2016;Lan et al, 2013;Lyton et al,2013;Prasad et al, 2016). This perception will be correct when the rule of law is strictly adhered to, and investors and citizen's right to a healthy environment is enshrined in the Constitution.…”

Section: Legitimacy Theorymentioning

confidence: 99%

Corporate Board Characteristics and Environmental Disclosure Quantity: A Comparative Analysis of Traditional and Integrated Reporting Evidence

Odoemelam¹,

Ofoegbu²

2018

Preprint

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The aim of this study was to compare the influence of corporate board characteristics on the extent of environmental disclosure quantity of listed firms in two leading emerging economies in Africa, South Africa (integrated reporting framework) and Nigeria (traditional reporting framework). Methods: The sample was comprised of 303 firms including environmentally sensitive companies purposively selected for content analysis study in South Africa (213) and Nigeria (90). We used both descriptive, multivariate and regression models to comparatively analyze the differences about corporate board characteristics as determinants of the extent of their environmental disclosure quantity. Results: The results reveal a more significant positive association between board characteristics and environmental disclosure in South Africa and less relevant association in Nigeria. Also, the results support that board independence arrangement may serve as bonding mechanisms in weak reporting environments, suggesting a substitutive relationship between board independence and the regulatory framework. Quiet revealing a board with environmental committee show a higher tendency to be ecologic transparent in both countries. However, in a traditional reporting framework, the environmental committee is not enough; its effect was insignificant and highly significant in the integrated reporting framework. Further revealed is the significant positive effect of industry membership influence on environmental disclosure. In all estimated models of South Africa sample show that 45% of environmentally sensitive industries significantly influence environmental disclosure, while 51% is environmentally polluting industries in Nigeria show less concern on environmental disclosure. Interestingly, Audit firm size (Big4) positively and statistically significantly associated with overall environmental reporting in both countries. The results are consistent with stakeholder theory, agency theory, institutional and legitimacy theory suggesting that a strong board size, independent members of the board with auditing experience, the active environmental committee in conjunction with solid audit reputation may reduce information asymmetry. Our findings will be helpful for policymakers and other regulators who are interested in environmental impact reporting.

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Environmental disclosure by Indian companies: an empirical study

Cited by 45 publications

References 40 publications

Corporate Environmental Disclosure in India: An Analysis of Multinational and Domestic Agrochemical Corporations

Corporate Environmental Disclosure in India: An Analysis of Multinational and Domestic Agrochemical Corporations

Moderating Effect of Financial Strength on the Relationship Between Board Characteristics and Environmental Sustainability Disclosures

Corporate Board Characteristics and Environmental Disclosure Quantity: A Comparative Analysis of Traditional and Integrated Reporting Evidence

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