Further Evidence on the Factors and Valuation Associated with the Level of Environmental Liability Disclosures

Academy of Accounting and Financial Studies Journal, Vol. 13, No. 3, 2009

26 Pages Posted: 22 Mar 2012

See all articles by Carol A. Cox

Carol A. Cox

George Mason University - Department of Accounting

Edward B. Douthett

George Mason University - School of Business

Date Written: March 19, 2012

Abstract

We find that the level of environmental GAAP disclosure is associated with profitability, and that this level of environmental GAAP disclosure is relevant to investors, We also find that the effect of profitability on the level of environmental GAAP disclosure, and the effect of the level of environmental GAAP disclosure on market valuation, depends on whether the disclosures confirm the concurrent corporate goals of profit maximization and environmental responsibility, Lastly, we provide descriptive evidence of environmental GAAP disclosure practices over time.

Suggested Citation

Cox, Carol A. and Douthett, Edward B., Further Evidence on the Factors and Valuation Associated with the Level of Environmental Liability Disclosures (March 19, 2012). Academy of Accounting and Financial Studies Journal, Vol. 13, No. 3, 2009. Available at SSRN: https://ssrn.com/abstract=2026081

Carol A. Cox

George Mason University - Department of Accounting ( email )

Fairfax, VA
United States

Edward B. Douthett (Contact Author)

George Mason University - School of Business ( email )

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