Role of Environmental Awareness in the Application of Environmental Accounting Disclosure in Tourism and Hotel Companies and Its Impact on Investor’s Decisions in Amman Stock Exchange

Abstract

The present study aims at examining the level of environmental awareness in the management of tourism and hotels companies listed in the Amman stock exchange, its role in the application of environmental accounting disclosure, and to examine the impact of investment decisions on environmental accounting disclosure. To achieve this objective, a sample is chosen from two categories: tourism and hotels management category which consists of 12 financial managers and a major accountant in those companies, and the category of investors in these industrial companies which consists of 47 investors are randomly selected. In order to collect the data, a questionnaire is distributed to each of the hospitality companies and investors in these companies. The study shows that there is a good level of environmental awareness among the management of companies. However, there is a fear of applying the environmental accounting disclosure due to the lack of certainty of the importance of application and the benefits of it, and the lack of appropriate qualification of accountants to apply environmental accounting disclosure. The study shows that there is a real presence of environmental legislation, but there is a large deficiency in the activation of such legislation.

Eco-Efficiency and Energy Audit to Improve Environmental Performance: An Empirical Study of Hotels in Bali-Indonesia

“…The results of eco-efficiency will direct the company's policies towards the implementation of an environmental management system to achieve sustainable environmental performance. Previous research further noted that every company with the application of energy eco-efficiency that views energy and the environment as important to continue to improve and approach sustainable environmental performance (Saleh, 2020).…”

“…Eco-efficiency is a strategy that produces a product with better performance, using less energy and natural resources. Eco-efficiency is a combination of economic efficiency and ecological efficiency and is basically "doing more with less," meaning producing more goods and services with less energy and natural resources (Gössling et al, 2005;Saleh, 2020). Eco-efficiency is a combined concept between economic efficiency and ecological efficiency, where the use of natural resources is minimal for maximum results, and the ecological balance is maintained.…”

“…A routine monitoring process must be carried out in implementing the action plan. After the implementation period is complete, conduct an evaluation to see if the savings target has been achieved (Saleh, 2020). To achieve this, it requires commitment from all parties and implementing sustainable management with an environmentally-based hotel management control system (Lai et al, 2012).…”

Board Characteristics and Environmental Disclosure: Evidence from Jordan

“…Hence, this forms a basis for its decision making. Saleh (2015) stated that disclosure as a relative concept achieves many advantages for investors, creditors, project management, and other beneficiaries. It aims at rationalizing the decision making process and benefiting from the efficient use of resources, thus improving the welfare of the national economy in general.…”

Green Energy Products and The Relationship of The Customer's Consideration for The Environment and Perceived Risk Involved with The Mediating Position of Customer Purchasing Intentions

“…Hall et al (2010) describe the environmental concern as a person's knowledge of and ability to resolve environmental concerns. On the other side, Saleh and Jawabreh,. 2020;Kalafatis, Pollard, East and Tsogas (1999), environmental issues could contribute to market interest and awareness that natural resources are scarce and that the ecosystem is at risk.…”