The Quality of Disclosures on Environmental Policy: The Profile of Financial Intermediaries

Corporate Social Responsibility and Environmental Management

Posted: 7 Sep 2016

See all articles by Adalberto Alberici

Adalberto Alberici

Università Statale di Milano - Dipartimento di Economia Politica e Aziendale

Francesca Querci

Università degli Studi di Genova

Date Written: March 23, 2015

Abstract

This study investigates the quality of voluntary disclosures on environmental policy by financial intermediaries (FIs), analyzing the Global Reporting Initiative’s data. Through k-means cluster analysis, four segments of FIs are identified. Our results show a heterogeneous reality. The quality of disclosures is associated to the FIs’ attributes and the home country’s characteristics: FIs’ size and operating profitability, national economic wealth, and national environmental performance. No association is found with the FIs’business area or their quotation on the stock market. The FIs’ relevance for their domestic economy is not significant either.

Suggested Citation

Alberici, Adalberto and Querci, Francesca, The Quality of Disclosures on Environmental Policy: The Profile of Financial Intermediaries (March 23, 2015). Corporate Social Responsibility and Environmental Management , Available at SSRN: https://ssrn.com/abstract=2585449

Adalberto Alberici

Università Statale di Milano - Dipartimento di Economia Politica e Aziendale ( email )

Via Festa del Perdono, 7
20122 Milano
Italy

Francesca Querci (Contact Author)

Università degli Studi di Genova ( email )

via Vivaldi 5
Genova, 16121
Italy

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