Environmental disclosures of publicly listed industrial, mining and oil companies for the year 2008: An examination

• Main Authors: Armas, Catherine M., Faner, Maria Patricia P., Miranda, Jessica Marie G., Penaflorida, Juan Antonio G.
• Format: text
• Language: English
• Published: Animo Repository 2010
• Subjects: Disclosure in accounting; Disclosure of information; Environmental auditing; Mineral industries > Accounting; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14146
• Institution: De La Salle University

The study aims to determine the extent of environmental disclosures of publicly listed industrial, mining & oil companies for the year 2008. Data were gathered from the 2008 annual reports of industrial, mining and oil companies. The number of sentences was counted, an environmental disclosure checklist was adapted and the overall measure of environmental disclosure of companies was assessed. The relationships between the corporate characteristics, such as years of operation, total assets, nature of ownership and type of industry, and the dependent variables were determined using Pearson's Product-Moment Correlation and Point Biserial Correlation. Also, means of the environmental disclosure score and frequency of the overall measure were determined and were compared between industrial and mining & oil industries and among subsectors. T-test and one-way ANOVA were the statistical methods used for comparisons of the means of environmental disclosure scores between the two industries and among the seven subsectors respectively. Results showed that mining and oil companies disclose more environmental information than industrial companies. Among subsectors, oil companies proved to be excellent disclosers. In terms of corporate characteristics, type of industry and age of the companies are positively correlated with the extent of environmental disclosures while size and nature of ownership showed a weak relationship with the extent of disclosures.