Document Type
Post-Print
Publication Date
3-1-2012
Subjects
Economic development -- Environmental aspects, Social responsibility of business
Abstract
Given the rising emphasis on environmental disclosures and the expressed importance of 'good' governance in determining the extent of information disclosure in general, we examine the relation between specific aspects of governance and media coverage and the quality of voluntary environmental disclosure (VED). Using a sample of 127 firms over a six-year period (2000 to 2005), we empirically test characteristics of governance and media in relation to VED. Our results suggest that VED quality is positively associated with environmental media coverage, negative environmental media and board attributes of independence, diversity, and expertise. Results from supplemental analysis suggest that institutional investors exert influence over managerial decisions on environmental reporting only in the face of negative environmental media. Additionally, results from longitudinal analyses indicate that the quality of environmental disclosures increases over time. Our conclusion discusses the implications of these findings.
Rights
© 2012. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
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DOI
10.1016/j.jaccpubpol.2012.09.002
Persistent Identifier
https://archives.pdx.edu/ds/psu/34984
Citation Details
Published as: Rupley, Kathleen Hertz, Brown, Darrell and Marshall, Scott (2012). Governance, Media and the Quality of Environmental Disclosure. Journal of Accounting and Public Policy, Volume 31, Issue 6, Pages 610-640.
Description
This is the author's version of a work that was accepted for publication in Journal of Accounting and Public Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Accounting and Public Policy, Volume 31, Issue 6.