Corporate Environmental Disclosure Strategies: Determinants, Costs and Benefits

Posted: 23 Jan 2000

See all articles by Denis Cormier

Denis Cormier

University du Quebec a Montreal

Michel Magnan

Concordia University - Department of Accountancy

Abstract

In response to investors? and other stakeholders? concerns about corporate environmental policies, many firms are voluntarily increasing their level of environmental disclosure since there is a scarcity of alternative information sources. Using a cost-benefit framework, this study intends to identify determinants of corporate environmental reporting by Canadian firms subject to water pollution compliance regulations during the 1986-1993 period. Results suggest that information costs and a firm?s financial condition are key determinants of environmental disclosure. Firm size, the regulatory regime governing corporate disclosure, and industry, also contribute to explaining environmental disclosure.

JEL Classification: M41, M45, Q28

Suggested Citation

Cormier, Denis and Magnan, Michel, Corporate Environmental Disclosure Strategies: Determinants, Costs and Benefits. Available at SSRN: https://ssrn.com/abstract=199572

Denis Cormier (Contact Author)

University du Quebec a Montreal ( email )

P.O. Box 8888, Downtown Station
Succursale Centre Ville School of Management 315 rue Ste-Catherine Est
Montreal, Quebec H3C 3P8
Canada
514-987-3000, ext. 8358 (Phone)
514-987-6629 (Fax)

Michel Magnan

Concordia University - Department of Accountancy ( email )

Montreal, Quebec H3G 1M8
Canada

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