Effect of environmental accounting on financial performance and firm value of listed mining and oil companies in the Philippines

• Main Author: Carandang, Jamil C.
• Format: text
• Language: English
• Published: Animo Repository 2018
• Subjects: Environmental auditing; Mining corporations; Profit > Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/5503
• Institution: De La Salle University

Environmental accounting is an emerging topic of research around the globe but little is still known of its practice and importance in the Philippines. This paper aims to determine the effect of environmental accounting on firm profitability and firm value of 24 publicly listed mining and oil companies in the Philippines from 2012-2016. Panel regression was utilized with cross-sectional and time-series data. Environmental accounting was measured as accounting disclosure and costs reporting. Profitability was measured as Net Profit Margin and Return on Equity while firm value as Tobin's Q. Moderating variables used were Auditor-firm Type, Firm Size, Board Size, Number of Years Listed in the Philippine Stock Exchange and Location. The major business implication concluded was that environmental accounting disclosure have no significant effect on either profitability and firm value but when moderated by Number of Years Listed in the Philippine Stock Exchange has significant effect on Return on Equity. Environmental costs reporting, on the other hand, has significant effect only on Return on Equity but when moderated by Firm Size, Board Size and Location has significant effect Net Profit Margin, Return on Equity and Tobins Q.