The Experts below are selected from a list of 45342 Experts worldwide ranked by ideXlab platform

Michel Magnan - One of the best experts on this subject based on the ideXlab platform.

  • the revisited contribution of Environmental Reporting to investors valuation of a firm s earnings an international perspective
    Ecological Economics, 2007
    Co-Authors: Denis Cormier, Michel Magnan
    Abstract:

    Abstract This paper investigates the impact of Environmental Reporting on the relationship between a firm's earnings and its stock market value. Our measure of Environmental Reporting comprises only information that is voluntarily disclosed by firms and which meaning implies specific initiatives or events. To assess how country-specific contexts may affect the impact of Environmental Reporting, we focus on firms from Canada, France and Germany; three countries that employ different Reporting and governance regimes. Our design relies on simultaneous equations to control for the endogeneity between Environmental Reporting and firm attributes such as size, age of assets, industry membership and public media exposure. Results suggest that decisions to report Environmental information have a moderating impact on the stock market valuation of a German firm's earnings. In contrast, Environmental Reporting does not significantly influence the stock market valuation of Canadian and French firms earnings. Overall, results indicate that in assessing how information released by a firm affects the stock market valuation of its earnings, it is important to control for the endogeneity between a firm's decision to disclose information, its exposure to media and its stock market value.

  • intra industry imitation in corporate Environmental Reporting an international perspective
    Journal of Accounting and Public Policy, 2006
    Co-Authors: Walter Aerts, Denis Cormier, Michel Magnan
    Abstract:

    Abstract Relying on an institutional theory framework, we assert that the cognitive uncertainty surrounding the means and ends of corporate Environmental Reporting (CER) implies that its appropriateness is likely to be derived through social comparison processes. Since for CER purposes, a firm’s own industry is likely to constitute an organizational field from which emanate strong conformity pressures, we expect firms to engage in mimetic behavior that is driven by their industry counterparts’ own imitation patterns. We explore such intra-industry imitation in CER over a six-year period in a sample of large firms from three different countries: Canada, France and Germany. Results suggest that, in a given year, a firm’s imitation of other firms’ CER within its industry is determined by the tendency of other firms within the industry to imitate one another. This mimetic process is enhanced in highly concentrated industries and is weakened when a firm is subject to public media exposure. Some economic variables that may represent coercive forces and a firm’s dependence upon financial resources providers also contribute to a firm’s imitation profile. Moreover, it appears that high quality Reporting is more likely to generate these mimetic behaviors than low quality Reporting. In addition, through routine, a firm’s own practice in a prior year determines its tendency to imitate its reference group in the current year. Forces that underlie imitation differ to some extent between countries. Overall, results are consistent with an institutional mimetism interpretation of intra-industry imitation.

  • Environmental Reporting management: a continental European perspective
    Journal of Accounting and Public Policy, 2003
    Co-Authors: Denis Cormier, Michel Magnan
    Abstract:

    Abstract Extending Cormier and Magnan’s approach [J. Account. Audit Finance 14 (1999) 429] into a new context, our study investigates the determinants of corporate Environmental Reporting using a cost/benefits framework within France’s unique legal and regulatory context. Results suggest that, in addition to firm size, proprietary costs, information costs and media visibility determine corporate Environmental Reporting. Industry-specific Reporting patterns are also apparent.

Glen Lehman - One of the best experts on this subject based on the ideXlab platform.

  • Environmental Reporting in a developing country a case study on status and implementation in malaysia
    Journal of Cleaner Production, 2007
    Co-Authors: Y Sumiani, Y Haslinda, Glen Lehman
    Abstract:

    Abstract With the increase in awareness of Environmental issues, the level of Environmental disclosure and stakeholder demands for Environmental information is increasing. New developments in the ISO 14000 standards also make it more evident that a company's Environmental performance as well as its Environmental Reporting should be considered as strategic issues in business strategy. Especially for a developing country like Malaysia, many companies are under external pressures to improve their Environmental performance. In this study, a review on the image and Environmental disclosure, together with the challenges in Environmental information management and a short case study are presented. Subsequently, the paper explores some of the strategic implications of Environmental Reporting as an important tool for improved Environmental management.

Giovanna Michelon - One of the best experts on this subject based on the ideXlab platform.

  • Environmental Reporting transparency to stakeholders or stakeholders manipulation an analysis of disclosure tone and the role of board of directors
    Corporate Social Responsibility and Environmental Management, 2015
    Co-Authors: Claudia Arena, Saverio Bozzolan, Giovanna Michelon
    Abstract:

    We study whether Environmental Reporting serves as a transparency tool to communicate sound Environmental policies to stakeholders or rather as a manipulation tool of stakeholders' perceptions. In particular, we focus on the relationship between Environmental disclosure tone and future Environmental performance and we furthermore explore the role of the board of directors' monitoring and stakeholder orientation in shaping this relationship. Using a sample of 288 US oil and gas firms, we find that the bias towards positive language does not reflect purely opportunistic managerial reasons, but rather is a transparency tool to signal future Environmental performance. In addition, we document that the stakeholder orientation of the board plays a transparency role in communicating the firm's superior performance. Our findings contribute to the debate on whether discretionary strategies in Environmental Reporting are more about increased transparency or about stakeholder manipulation. Moreover, they help investors and policymakers to interpret managers' language choices. Copyright © 2014 John Wiley & Sons, Ltd and ERP Environment.

Yeeboon Foo - One of the best experts on this subject based on the ideXlab platform.

  • differences in Environmental Reporting practices in the uk and the us the legal and regulatory context
    British Accounting Review, 2003
    Co-Authors: Leigh Holland, Yeeboon Foo
    Abstract:

    Abstract The paper examines current corporate Environmental Reporting practices within UK and US annual reports and suggests that elements of the legal and regulatory framework of each country which regulate Environmental activity, and so influence Environmental performance, determine the types of disclosures made. The Environmental management context is examined to present an explanation of recent developments and to suggest what influences on Reporting practice may be important. Theoretical considerations are examined to establish whether the types of disclosure arising from regulatory pressures demonstrate that accountability exists in the disclosure of Environmental information, and to what extent the disclosure discharges the organisation's accountability to the users of such information.

Eric Tans - One of the best experts on this subject based on the ideXlab platform.