| _version_ |
1860797471243894784
|
| building |
INTELEK Repository
|
| collection |
Online Access
|
| collectionurl |
https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
|
| date |
2018-08-28 10:40:36
|
| format |
Restricted Document
|
| id |
12847
|
| institution |
UniSZA
|
| internalnotes |
Abreu, M., Castro, F.D. and Soares, F.D.A. (2012), “A comparative understanding of corporate social responsibility of textile firms in Brazil and China”, Journal of Cleaner Production, Vol. 20 No. 1, pp. 119-126. Al-Tuwaijri, S.A., Christensen, T.E. and Hughes, K.E., II (2004), “The relations among environmental disclosure, environmental performance: a simultaneous equation approach”, Accounting, Organizations and Society, Vol. 29 Nos 5/6, pp. 447-471. Association of Chartered Certified Accountant (ACCA) (2002), The State of Corporate Environmental Reporting in Malaysia, Certified Accountant Educational Trust, London. Azlan, A. and Devi, S. (2007), “Corporate social reporting in Malaysia: a political theory perspective”, Malaysian Accounting Review, Vol. 6 No. 1, pp. 19-44. Azlan, A. and Devi, S. (2008), “The impact of government and foreign affiliate influence on corporate social reporting”, Managerial Auditing Journal, Vol. 23 No. 4, pp. 386-404. Bakhtiar, A. (2005), “Comparing environmental reporting practice of public-listed companies in Malaysia in 1999 and 2003: an investigation of quantity and quality”, Master dissertation, International Islamic University Malaysia, Kuala Lumpur. Barnard, J.W. (2006), “Introduction to the symposium: corporate governance and environmental best practices”, William & Mary Environmental Law and Policy Review, Vol. 31 No. 1, pp. 1-4. Branco, M.C. and Rodrigues, L.L. (2006), “Corporate social responsibility and resource-based perspectives”, Journal of Business Ethics, Vol. 69, pp. 111-132. Branco, M.C. and Rodrigues, L.L. (2009), “Exploring the importance of social responsibility disclosure for human resources”, Journal of Human Resource Costing and Accounting, Vol. 13 No. 3, pp. 186-205. Buhr, N. (1998), “Environmental performance, legislation and annual report disclosure: the case of acid rain and Falconbridge”, Accounting Auditing & Accountability Journal, Vol. 11 No. 1, pp. 163-190. Chatterjee, B. and Mir Zaman, M. (2008), “The current status of environmental reporting by Indian companies”, Managerial Auditing Journal, Vol. 23 No. 6, pp. 609-629. Cho, C.H. and Patten, D.M. (2007), “The role of environmental disclosure as tools of legitimacy: a research note”, Accounting, Organizations and Society, Vol. 32 Nos 7/8, pp. 639-647. Cormier, D. and Gordon, I.M. (2001), “An examination of social and environmental reporting strategies”, Accounting, Auditing and Accountability Journal, Vol. 14 No. 5, pp. 587-616. Cormier, D. and Magnan, M. (1999), “Corporate environmental disclosure strategies: determinants, costs and benefits”, Journal of Accounting, Auditing and Finance, Vol. 14 No. 4, pp. 429-451. Cormier, D. and Magnan, M. (2003), “Environmental reporting management: a continental European Perspective”, Journal of Accounting and Public Policy, Vol. 22 No. 1, pp. 43-62. Cormier, D. Magnan, M. and Velthoven, B.V. (2005), “Corporate environmental disclosure qualities in large German companies: economic incentives, public pressures or institutional conditions?”, European Accounting Review, Vol. 14 No. 1, pp. 3-39. Criado-Jimenez, I., Fernandez-Chulian, M., Hussillos-Carques, F.J. and Larrinage-Gonzalez, C. (2008), “Compliance with mandatory environmental reporting in financial statement: the case of Spain (2001- 2003)”, Journal of Business Ethics, Vol. 79 No. 3, pp. 245-262. Deegan, C. (2002), “Introduction: the legitimizing effect of social and environmental disclosures – theoretical foundation”, Accounting, Auditing and Accountability Journal, Vol. 15 No. 3, pp. 282-311. Deegan, C. and Gordon, B. (1996), “A study of the environmental disclosure practices of Australian corporations”, Accounting and Business Research, Vol. 26 No. 3, pp. 187-199. Dillard, J.F., Rigsby, J.T. and Goodman, C. (2004), “The making and remaking of organization context: duality and the institutionalization process”, Accounting, Auditing & Accountability Journal, Vol. 17 No. 4, pp. 506-542. DiMaggio, P.J. and Powell, W.W. (1983), “The iron cage revisited: institutional isomorphism and collective rationality in organizational fields”, American Journal of Sociology, Vol. 48 No. 2, pp. 147-160. Djajadikerta, H.G. and Trireksani, T. (2012), “Corporate social and environmental disclosure by Indonesian listed companies on their corporate websites”, Journal of Applied Accounting, Vol. 13 No. 1, pp. 21-36. Ernst and Ernst (1978), Social Responsibility Disclosure, 1978 Survey, Ernst and Ernst, Cleveland, OH. Fekrat, M.A., Inclan, C. and Petroni, D. (1996), “Corporate environmental disclosure: competitive disclosure hypothesis using 1991 annual report data”, The International Journal of Accounting, Vol. 31 No. 2, pp. 175-195. Frost, G.R. (2007), “The introduction of mandatory environmental reporting guidelines: Australian evidence”, ABACUS, Vol. 4 No. 2, pp. 190-216. Gamble, G.O., Hsu, K., Kite, D. and Radtke, R.R. (1995), “Environmental disclosures in annual reports and 10Ks: an examination”, Accounting Horizons, Vol. 9, pp. 34-54. Gray, R., Kouhy, R. and Lavers, S. (1995), “A review of the literature and a longitudinal study of UK disclosure”, Accounting, Auditing and Accountability Journal, Vol. 8 No. 2, pp. 47-77. Haslinda, Y., Normahiran, Y. and Noraini, M.A. (2004), “Analysis on the developmental disclosure practices by selected Malaysia companies from 1999 to 2002”, Fourth Asia Pacific Interdisciplinary Research in Accounting Conference, 1 July, pp. 1-24. He, C. and Loftus, J. (2014), “Does corporate environmental reporting reflect environmental performance? Evidence from China”, Pacific Accounting Review, Vol. 26 Nos 1/2, pp. 134-154. Huber, B.M. (2014), “Environmental Disclosure Committee Newsletter”, Section of Environment, Energy, and Resources, Vol. 11 No. 1, pp. 2-6. Islam, M.A. and Deegan, C. (2008), “Motivation for an organization within a developing country to report social responsibility information. Evidence from Bangladesh”, Accounting, Auditing and Accountability Journal, Vol. 21 No. 6, pp. 850-874. Jenkins, R. (2001), Industry and Environment in Latin American, Routledge Research Global Environmental Changes Series, Routledge, London. Kabir, M.H. and Akinnusi, D.M. (2012), “Corporate social and environmental accounting reporting practices in Swaziland”, Social Responsibility Journal, Vol. 8 No. 2, pp. 156-173. Kansal, M., Joshi, M. and Batra, G.S. (2014), “Determinants of corporate social responsibility disclosure: evidence from India”, Advances in Accounting Incorporating Advances in International Accounting, Vol. 30 No. 1, pp. 217-229. Kuasirikun, N. and Sherer, M. (2004), “Corporate social accounting disclosure in Thailand”, Accounting, Auditing and Accountability Journal, Vol. 17 No. 4, pp. 629-660. Lindblom, C.K. (1994), “The implications of organizational legitimacy for corporate social performance and disclosure”, paper presented at the Critical Perspectives on Accounting Conference, New York, NY. Liu, X. Yu, Q., Fujitsuka, T., Liu, B. and Shishime, T. (2010), “Functional mechanisms of mandatory corporate environmental disclosure: an empirical study in China”, Journal of Cleaner Production, Vol. 18 No. 8, pp. 823-832. Lydenberg, S. and Grace, K. (2008), “Innovations in social and environmental disclosure outside the United States”, available at: www.domini.com/common/pdf/Innovations_in_Disclosure.pdf (accessed 9 December 2014). Magness, V. (2006), “Strategic posture, financial performance and environmental disclosure, An empirical test of legitimacy theory”, Accounting, Auditing and Accountability Journal, Vol. 19 No. 4, pp. 510-563. Milne, M.J. and Adler, R.W. (1999), “Exploring the reliability of social and environmental disclosures content analysis”, Accounting, Auditing and Accountability Journal, Vol. 12 No. 2, pp. 237-256. Neu, D., Warsame, H. and Pedwell, K. (1998), “Management public impressions: environmental disclosures in annual reports”, Accounting, Organizations and Society, Vol. 23 No. 3, pp. 265-282. Nik Ahmad, N.N. and Sulaiman, M. (2004), “Environmental Disclosures in Malaysian annual reports: legitimacy theory perspective”, International Journal of Commerce and Management, Vol. 14 No. 1, pp. 44-58. Nik Ahmad, N.N., Sulaiman, M. and Siswantoro, D. (2003), “Corporate social responsibility disclosure in Malaysia: an analysis of annual reports of KLSE listed companies”, IIUM Journal of Economics and Management, Vol. 11 No. 1, pp. 51-86. Niskala, M. and Pretes, M. (1995), “Environmental reporting in Finland: a note on the use of annual reports”, Accounting, Organizations and Society, Vol. 20 No. 6, pp. 457-466. Pallant, J. (2001), SPSS Survival Manual. A Step by Step Guide to Data Analysis Using SPSS for Windows (version 10), (1st edition), National Library of Australia. Raar, J. (2002), “Environmental initiatives: towards triple-bottom line reporting”, Corporate Communications: An International Journal, Vol. 7 No. 3, pp. 169-183. Raar, J. (2007), “Reported social and environmental taxonomies: a longer-term glimpse”, Managerial Auditing Journal, Vol. 22 No. 8, pp. 840-860. Sharifah, B., Bakhtiar, A., Norhasimah, J. and Noor Raida, A.R. (2008), “An investigation of the association between corporate governance and environmental reporting in Malaysia”, Asian Journal of Business and Accounting, Vol. 1 No. 2, pp. 66-88. Smith, M., Khadijah, Y. and Ahmad, M.A. (2007), “Environmental disclosure and performance reporting in Malaysia”, Asian Review of Accounting, Vol. 15 No. 2, pp. 185-199. Ten, E.E. (2009), “Can stakeholder theory add to our understanding of Malaysian environmental reporting attitudes?”, Malaysian Accounting Review, Vol. 8 No. 2, pp. 85-110. Thomson, P. and Zarina, Z. (2004), “Corporate social responsibility reporting in Malaysia: progress and prospect”, The Journal of Corporate Citizenship, Vol. 2004 No. 13, pp. 125-136. Tsang, E.W.K. (1998), “A longitudinal study of corporate social reporting in Singapore, The case of the banking, food and beverages and hotel industries”, Accounting, Auditing and Accountability Journal, Vol. 11 No. 5, pp. 624-635. Villiers de, C. and Van Staden, C.J. (2006), “Can less environmental disclosure have a legitimizing effect? Evidence from Africa”, Accounting, Organization and Society, Vol. 31 No. 8, pp. 763-781. Williams, S.M. (1999), “Voluntary environmental and social accounting disclosure practices in the Asia-Pacific region: an international empirical test of political economy theory”, The International Journal of Accounting, Vol. 34 No. 2, pp. 209-238. Wilmshurst, T.D. and Frost, G.R. (2000), “Corporate environmental reporting, A test on legitimacy theory”, Accounting, Auditing and Accountability Journal, Vol. 13 No. 1, pp. 10-26. Wiseman, J. (1982), “An evaluation of environmental disclosures made in corporate annual reports”, Accounting, Organization and Society, Vol. 7 No. 1, pp. 53-63. Yusoff, H. and Lehman, G. (2008), “International differences on corporate environmental accounting developments: a comparison between Malaysia and Australia”, Accounting and Finance in Transition, Greenwich University Press, University of Greenwich, Vol. 4, pp. 92-124. Further reading Bursa Malaysia Sustainability Portal – CSR Bursa Malaysia Framework (2006), available at: http:// ablemen.com/sustainability/frameworks_introduction.php (accessed 5 May 2011). Bursa Malaysia’s CSR Framework for Malaysian, P.L.C.S. (2006), “Bursa Malaysia (A speech by CEO Bursa Malaysia Berhad)”, available at: www.bursamalaysia.com (accessed 25 April 2009). New Straits Times (2010), “Big campaign for green fund”, New Straits Times, 24 October.
|
| originalfilename |
7154-01-FH02-FESP-18-14890.jpg
|
| person |
norman
|
| recordtype |
oai_dc
|
| resourceurl |
https://intelek.unisza.edu.my/intelek/pages/view.php?ref=12847
|
| spelling |
12847 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=12847 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal image/jpeg inches 96 96 norman 768 1420 52 52 2018-08-28 10:40:36 1420x768 7154-01-FH02-FESP-18-14890.jpg UniSZA Private Access Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements Social Responsibility Journal Purpose – The purpose of this study is to investigate the environmental disclosure (ED) quality of public-listed companies (PLCs) in environmentally sensitive industries (ESI) in Malaysia in 2005 and 2009 (two years before and two years after the mandatory corporate social responsibility (CSR) requirement of Bursa Malaysia (BM)). BM (The Stock Exchange of Malaysia) has made CSR, including ED in annual reports mandatory since 2007. This study compares environmental reporting (ER) before and after the 2007 mandatory reporting requirement to determine if this command and control mechanism has had any effect on the quality of ED. Design/methodology/approach – The quality of ED was measured using a disclosure quality index adapted from various prior studies. The index consists of a total of 46 disclosure items grouped into 9 categories. Content analysis was utilized to extract data from the annual reports of 164 PLCs in ESI. Findings – Overall, the quality of ED improved in 2009 from that of 2005. More importantly, companies disclosed more quantitative environmental information in 2009 than in 2005. However, the average quality of ED was still low in 2009 compared to the overall potential score. Results provide some support for legitimacy as well as institutional theories. Research limitations/implications – The sample of the study consisted of listed companies in ESI only; the results cannot be generalized to other companies in non-environmentally sensitive sectors. Practical implications – Prior studies that used data before the mandatory CSR requirement by BM found ED in annual reports mainly declarative in nature, generally low on quality and with little quantifiable data. The results of the present study provide evidence of the positive impact of mandatory environmental reporting on ED quality. Originality/value – The use of a multi-theoretical perspective may offer a more meaningful explanation of ER behavior in Malaysia. The results of the study would provide the impetus for regulatory agencies in developing countries to perhaps consider legislating ER. The findings provide some evidence to support the influence of legitimacy and institutional factors behind improved ED of Malaysian PLCs. This outcome exhibits a positive influence on the government efforts in promoting sustainability. Finally, the study contributes to present a more up-to-date account of environmental commitment undertaken by Malaysian corporations through their environmental reporting, after the CSR mandatory listing requirement took effect in 2007. 11 4 Emerald Group Holdings Ltd. Emerald Group Holdings Ltd. 904-922 Abreu, M., Castro, F.D. and Soares, F.D.A. (2012), “A comparative understanding of corporate social responsibility of textile firms in Brazil and China”, Journal of Cleaner Production, Vol. 20 No. 1, pp. 119-126. Al-Tuwaijri, S.A., Christensen, T.E. and Hughes, K.E., II (2004), “The relations among environmental disclosure, environmental performance: a simultaneous equation approach”, Accounting, Organizations and Society, Vol. 29 Nos 5/6, pp. 447-471. Association of Chartered Certified Accountant (ACCA) (2002), The State of Corporate Environmental Reporting in Malaysia, Certified Accountant Educational Trust, London. Azlan, A. and Devi, S. (2007), “Corporate social reporting in Malaysia: a political theory perspective”, Malaysian Accounting Review, Vol. 6 No. 1, pp. 19-44. Azlan, A. and Devi, S. (2008), “The impact of government and foreign affiliate influence on corporate social reporting”, Managerial Auditing Journal, Vol. 23 No. 4, pp. 386-404. Bakhtiar, A. (2005), “Comparing environmental reporting practice of public-listed companies in Malaysia in 1999 and 2003: an investigation of quantity and quality”, Master dissertation, International Islamic University Malaysia, Kuala Lumpur. Barnard, J.W. (2006), “Introduction to the symposium: corporate governance and environmental best practices”, William & Mary Environmental Law and Policy Review, Vol. 31 No. 1, pp. 1-4. Branco, M.C. and Rodrigues, L.L. (2006), “Corporate social responsibility and resource-based perspectives”, Journal of Business Ethics, Vol. 69, pp. 111-132. Branco, M.C. and Rodrigues, L.L. (2009), “Exploring the importance of social responsibility disclosure for human resources”, Journal of Human Resource Costing and Accounting, Vol. 13 No. 3, pp. 186-205. Buhr, N. (1998), “Environmental performance, legislation and annual report disclosure: the case of acid rain and Falconbridge”, Accounting Auditing & Accountability Journal, Vol. 11 No. 1, pp. 163-190. Chatterjee, B. and Mir Zaman, M. (2008), “The current status of environmental reporting by Indian companies”, Managerial Auditing Journal, Vol. 23 No. 6, pp. 609-629. Cho, C.H. and Patten, D.M. (2007), “The role of environmental disclosure as tools of legitimacy: a research note”, Accounting, Organizations and Society, Vol. 32 Nos 7/8, pp. 639-647. Cormier, D. and Gordon, I.M. (2001), “An examination of social and environmental reporting strategies”, Accounting, Auditing and Accountability Journal, Vol. 14 No. 5, pp. 587-616. Cormier, D. and Magnan, M. (1999), “Corporate environmental disclosure strategies: determinants, costs and benefits”, Journal of Accounting, Auditing and Finance, Vol. 14 No. 4, pp. 429-451. Cormier, D. and Magnan, M. (2003), “Environmental reporting management: a continental European Perspective”, Journal of Accounting and Public Policy, Vol. 22 No. 1, pp. 43-62. Cormier, D. Magnan, M. and Velthoven, B.V. (2005), “Corporate environmental disclosure qualities in large German companies: economic incentives, public pressures or institutional conditions?”, European Accounting Review, Vol. 14 No. 1, pp. 3-39. Criado-Jimenez, I., Fernandez-Chulian, M., Hussillos-Carques, F.J. and Larrinage-Gonzalez, C. (2008), “Compliance with mandatory environmental reporting in financial statement: the case of Spain (2001- 2003)”, Journal of Business Ethics, Vol. 79 No. 3, pp. 245-262. Deegan, C. (2002), “Introduction: the legitimizing effect of social and environmental disclosures – theoretical foundation”, Accounting, Auditing and Accountability Journal, Vol. 15 No. 3, pp. 282-311. Deegan, C. and Gordon, B. (1996), “A study of the environmental disclosure practices of Australian corporations”, Accounting and Business Research, Vol. 26 No. 3, pp. 187-199. Dillard, J.F., Rigsby, J.T. and Goodman, C. (2004), “The making and remaking of organization context: duality and the institutionalization process”, Accounting, Auditing & Accountability Journal, Vol. 17 No. 4, pp. 506-542. DiMaggio, P.J. and Powell, W.W. (1983), “The iron cage revisited: institutional isomorphism and collective rationality in organizational fields”, American Journal of Sociology, Vol. 48 No. 2, pp. 147-160. Djajadikerta, H.G. and Trireksani, T. (2012), “Corporate social and environmental disclosure by Indonesian listed companies on their corporate websites”, Journal of Applied Accounting, Vol. 13 No. 1, pp. 21-36. Ernst and Ernst (1978), Social Responsibility Disclosure, 1978 Survey, Ernst and Ernst, Cleveland, OH. Fekrat, M.A., Inclan, C. and Petroni, D. (1996), “Corporate environmental disclosure: competitive disclosure hypothesis using 1991 annual report data”, The International Journal of Accounting, Vol. 31 No. 2, pp. 175-195. Frost, G.R. (2007), “The introduction of mandatory environmental reporting guidelines: Australian evidence”, ABACUS, Vol. 4 No. 2, pp. 190-216. Gamble, G.O., Hsu, K., Kite, D. and Radtke, R.R. (1995), “Environmental disclosures in annual reports and 10Ks: an examination”, Accounting Horizons, Vol. 9, pp. 34-54. Gray, R., Kouhy, R. and Lavers, S. (1995), “A review of the literature and a longitudinal study of UK disclosure”, Accounting, Auditing and Accountability Journal, Vol. 8 No. 2, pp. 47-77. Haslinda, Y., Normahiran, Y. and Noraini, M.A. (2004), “Analysis on the developmental disclosure practices by selected Malaysia companies from 1999 to 2002”, Fourth Asia Pacific Interdisciplinary Research in Accounting Conference, 1 July, pp. 1-24. He, C. and Loftus, J. (2014), “Does corporate environmental reporting reflect environmental performance? Evidence from China”, Pacific Accounting Review, Vol. 26 Nos 1/2, pp. 134-154. Huber, B.M. (2014), “Environmental Disclosure Committee Newsletter”, Section of Environment, Energy, and Resources, Vol. 11 No. 1, pp. 2-6. Islam, M.A. and Deegan, C. (2008), “Motivation for an organization within a developing country to report social responsibility information. Evidence from Bangladesh”, Accounting, Auditing and Accountability Journal, Vol. 21 No. 6, pp. 850-874. Jenkins, R. (2001), Industry and Environment in Latin American, Routledge Research Global Environmental Changes Series, Routledge, London. Kabir, M.H. and Akinnusi, D.M. (2012), “Corporate social and environmental accounting reporting practices in Swaziland”, Social Responsibility Journal, Vol. 8 No. 2, pp. 156-173. Kansal, M., Joshi, M. and Batra, G.S. (2014), “Determinants of corporate social responsibility disclosure: evidence from India”, Advances in Accounting Incorporating Advances in International Accounting, Vol. 30 No. 1, pp. 217-229. Kuasirikun, N. and Sherer, M. (2004), “Corporate social accounting disclosure in Thailand”, Accounting, Auditing and Accountability Journal, Vol. 17 No. 4, pp. 629-660. Lindblom, C.K. (1994), “The implications of organizational legitimacy for corporate social performance and disclosure”, paper presented at the Critical Perspectives on Accounting Conference, New York, NY. Liu, X. Yu, Q., Fujitsuka, T., Liu, B. and Shishime, T. (2010), “Functional mechanisms of mandatory corporate environmental disclosure: an empirical study in China”, Journal of Cleaner Production, Vol. 18 No. 8, pp. 823-832. Lydenberg, S. and Grace, K. (2008), “Innovations in social and environmental disclosure outside the United States”, available at: www.domini.com/common/pdf/Innovations_in_Disclosure.pdf (accessed 9 December 2014). Magness, V. (2006), “Strategic posture, financial performance and environmental disclosure, An empirical test of legitimacy theory”, Accounting, Auditing and Accountability Journal, Vol. 19 No. 4, pp. 510-563. Milne, M.J. and Adler, R.W. (1999), “Exploring the reliability of social and environmental disclosures content analysis”, Accounting, Auditing and Accountability Journal, Vol. 12 No. 2, pp. 237-256. Neu, D., Warsame, H. and Pedwell, K. (1998), “Management public impressions: environmental disclosures in annual reports”, Accounting, Organizations and Society, Vol. 23 No. 3, pp. 265-282. Nik Ahmad, N.N. and Sulaiman, M. (2004), “Environmental Disclosures in Malaysian annual reports: legitimacy theory perspective”, International Journal of Commerce and Management, Vol. 14 No. 1, pp. 44-58. Nik Ahmad, N.N., Sulaiman, M. and Siswantoro, D. (2003), “Corporate social responsibility disclosure in Malaysia: an analysis of annual reports of KLSE listed companies”, IIUM Journal of Economics and Management, Vol. 11 No. 1, pp. 51-86. Niskala, M. and Pretes, M. (1995), “Environmental reporting in Finland: a note on the use of annual reports”, Accounting, Organizations and Society, Vol. 20 No. 6, pp. 457-466. Pallant, J. (2001), SPSS Survival Manual. A Step by Step Guide to Data Analysis Using SPSS for Windows (version 10), (1st edition), National Library of Australia. Raar, J. (2002), “Environmental initiatives: towards triple-bottom line reporting”, Corporate Communications: An International Journal, Vol. 7 No. 3, pp. 169-183. Raar, J. (2007), “Reported social and environmental taxonomies: a longer-term glimpse”, Managerial Auditing Journal, Vol. 22 No. 8, pp. 840-860. Sharifah, B., Bakhtiar, A., Norhasimah, J. and Noor Raida, A.R. (2008), “An investigation of the association between corporate governance and environmental reporting in Malaysia”, Asian Journal of Business and Accounting, Vol. 1 No. 2, pp. 66-88. Smith, M., Khadijah, Y. and Ahmad, M.A. (2007), “Environmental disclosure and performance reporting in Malaysia”, Asian Review of Accounting, Vol. 15 No. 2, pp. 185-199. Ten, E.E. (2009), “Can stakeholder theory add to our understanding of Malaysian environmental reporting attitudes?”, Malaysian Accounting Review, Vol. 8 No. 2, pp. 85-110. Thomson, P. and Zarina, Z. (2004), “Corporate social responsibility reporting in Malaysia: progress and prospect”, The Journal of Corporate Citizenship, Vol. 2004 No. 13, pp. 125-136. Tsang, E.W.K. (1998), “A longitudinal study of corporate social reporting in Singapore, The case of the banking, food and beverages and hotel industries”, Accounting, Auditing and Accountability Journal, Vol. 11 No. 5, pp. 624-635. Villiers de, C. and Van Staden, C.J. (2006), “Can less environmental disclosure have a legitimizing effect? Evidence from Africa”, Accounting, Organization and Society, Vol. 31 No. 8, pp. 763-781. Williams, S.M. (1999), “Voluntary environmental and social accounting disclosure practices in the Asia-Pacific region: an international empirical test of political economy theory”, The International Journal of Accounting, Vol. 34 No. 2, pp. 209-238. Wilmshurst, T.D. and Frost, G.R. (2000), “Corporate environmental reporting, A test on legitimacy theory”, Accounting, Auditing and Accountability Journal, Vol. 13 No. 1, pp. 10-26. Wiseman, J. (1982), “An evaluation of environmental disclosures made in corporate annual reports”, Accounting, Organization and Society, Vol. 7 No. 1, pp. 53-63. Yusoff, H. and Lehman, G. (2008), “International differences on corporate environmental accounting developments: a comparison between Malaysia and Australia”, Accounting and Finance in Transition, Greenwich University Press, University of Greenwich, Vol. 4, pp. 92-124. Further reading Bursa Malaysia Sustainability Portal – CSR Bursa Malaysia Framework (2006), available at: http:// ablemen.com/sustainability/frameworks_introduction.php (accessed 5 May 2011). Bursa Malaysia’s CSR Framework for Malaysian, P.L.C.S. (2006), “Bursa Malaysia (A speech by CEO Bursa Malaysia Berhad)”, available at: www.bursamalaysia.com (accessed 25 April 2009). New Straits Times (2010), “Big campaign for green fund”, New Straits Times, 24 October.
|
| spellingShingle |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| summary |
Purpose – The purpose of this study is to investigate the environmental disclosure (ED) quality of public-listed companies (PLCs) in environmentally sensitive industries (ESI) in Malaysia in 2005 and 2009 (two years before and two years after the mandatory corporate social responsibility (CSR) requirement of Bursa Malaysia (BM)). BM (The Stock Exchange of Malaysia) has made CSR, including ED in annual reports mandatory since 2007. This study compares environmental reporting (ER) before and after the 2007 mandatory reporting requirement to determine if this command and control mechanism has had any effect on the quality of ED. Design/methodology/approach – The quality of ED was measured using a disclosure quality index adapted from various prior studies. The index consists of a total of 46 disclosure items grouped into 9 categories. Content analysis was utilized to extract data from the annual reports of 164 PLCs in ESI. Findings – Overall, the quality of ED improved in 2009 from that of 2005. More importantly, companies disclosed more quantitative environmental information in 2009 than in 2005. However, the average quality of ED was still low in 2009 compared to the overall potential score. Results provide some support for legitimacy as well as institutional theories. Research limitations/implications – The sample of the study consisted of listed companies in ESI only; the results cannot be generalized to other companies in non-environmentally sensitive sectors. Practical implications – Prior studies that used data before the mandatory CSR requirement by BM found ED in annual reports mainly declarative in nature, generally low on quality and with little quantifiable data. The results of the present study provide evidence of the positive impact of mandatory environmental reporting on ED quality. Originality/value – The use of a multi-theoretical perspective may offer a more meaningful explanation of ER behavior in Malaysia. The results of the study would provide the impetus for regulatory agencies in developing countries to perhaps consider legislating ER. The findings provide some evidence to support the influence of legitimacy and institutional factors behind improved ED of Malaysian PLCs. This outcome exhibits a positive influence on the government efforts in promoting sustainability. Finally, the study contributes to present a more up-to-date account of environmental commitment undertaken by Malaysian corporations through their environmental reporting, after the CSR mandatory listing requirement took effect in 2007.
|
| title |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| title_full |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| title_fullStr |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| title_full_unstemmed |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| title_short |
Environmental disclosure quality: Examining the impact of the stock exchange of Malaysia's listing requirements
|
| title_sort |
environmental disclosure quality: examining the impact of the stock exchange of malaysia's listing requirements
|