Environmental Initiatives and Disclosures by Large companies: The Views of Investors
The purpose of this paper is to explore investors' perspectives on the environmental initiatives and disclosure strategies of large firms. Obtaining such viewpoints is important because, as signaling theory suggests that investors' perspectives are one of the contributory factors in dete...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong
2020-07-01
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| Series: | Australasian Accounting, Business and Finance Journal |
| Subjects: | |
| Online Access: | https://ro.uow.edu.au/aabfj/vol14/ iss3/3 |
| _version_ | 1811266123637719040 |
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| author | Salina Siddique Nick Sciulli |
| author_facet | Salina Siddique Nick Sciulli |
| author_sort | Salina Siddique |
| collection | DOAJ |
| description | The purpose of this paper is to explore investors' perspectives on the environmental initiatives and
disclosure strategies of large firms. Obtaining such viewpoints is important because, as signaling theory
suggests that investors' perspectives are one of the contributory factors in determining organisational
strategies for environmental initiatives and disclosures. We used a web-based questionnaire of a group of
investors. We put forward a hypothetical case study that raised financial versus environmental
consequences of safe waste disposal initiatives for a large company. The findings revealed that a
majority (90.21 per cent) of the investors preferred a pro-environmental strategy for waste disposal when
a large firm in an environmentally sensitive sector is responsible for polluting the regional water resource.
Our findings concluded that investors expect a high quality of environmental disclosures from larger firms
as opposed to smaller firms. This study contributes to the literature by presenting investors perspective
on firms' environmental decisions using a hypothetical case study. |
| first_indexed | 2024-04-12T20:36:24Z |
| format | Article |
| id | doaj.art-bc95e70ecbdd436695bfaed4b3c797b8 |
| institution | Directory Open Access Journal |
| issn | 1834-2000 1834-2019 |
| language | English |
| last_indexed | 2024-04-12T20:36:24Z |
| publishDate | 2020-07-01 |
| publisher | University of Wollongong |
| record_format | Article |
| series | Australasian Accounting, Business and Finance Journal |
| spelling | doaj.art-bc95e70ecbdd436695bfaed4b3c797b82022-12-22T03:17:35ZengUniversity of WollongongAustralasian Accounting, Business and Finance Journal1834-20001834-20192020-07-01143183710.14453/aabfj.v14i3.3Environmental Initiatives and Disclosures by Large companies: The Views of InvestorsSalina Siddique0Nick Sciulli1Metropolitan State University of Denver, USA Victoria University, Australia, The purpose of this paper is to explore investors' perspectives on the environmental initiatives and disclosure strategies of large firms. Obtaining such viewpoints is important because, as signaling theory suggests that investors' perspectives are one of the contributory factors in determining organisational strategies for environmental initiatives and disclosures. We used a web-based questionnaire of a group of investors. We put forward a hypothetical case study that raised financial versus environmental consequences of safe waste disposal initiatives for a large company. The findings revealed that a majority (90.21 per cent) of the investors preferred a pro-environmental strategy for waste disposal when a large firm in an environmentally sensitive sector is responsible for polluting the regional water resource. Our findings concluded that investors expect a high quality of environmental disclosures from larger firms as opposed to smaller firms. This study contributes to the literature by presenting investors perspective on firms' environmental decisions using a hypothetical case study.https://ro.uow.edu.au/aabfj/vol14/ iss3/3 environmental initiativesenvironmental disclosuresinvestorsdilemma |
| spellingShingle | Salina Siddique Nick Sciulli Environmental Initiatives and Disclosures by Large companies: The Views of Investors Australasian Accounting, Business and Finance Journal environmental initiatives environmental disclosures investors dilemma |
| title | Environmental Initiatives and Disclosures by Large companies: The Views of Investors |
| title_full | Environmental Initiatives and Disclosures by Large companies: The Views of Investors |
| title_fullStr | Environmental Initiatives and Disclosures by Large companies: The Views of Investors |
| title_full_unstemmed | Environmental Initiatives and Disclosures by Large companies: The Views of Investors |
| title_short | Environmental Initiatives and Disclosures by Large companies: The Views of Investors |
| title_sort | environmental initiatives and disclosures by large companies the views of investors |
| topic | environmental initiatives environmental disclosures investors dilemma |
| url | https://ro.uow.edu.au/aabfj/vol14/ iss3/3 |
| work_keys_str_mv | AT salinasiddique environmentalinitiativesanddisclosuresbylargecompaniestheviewsofinvestors AT nicksciulli environmentalinitiativesanddisclosuresbylargecompaniestheviewsofinvestors |