Impact of environmental accounting on corporate performance of publicly listed industrial and mining and oil companies in the Philippines for the years ended 2013-2017

• Main Author: Dela Peña, Michael Jerome C.
• Format: text
• Language: English
• Published: Animo Repository 2019
• Subjects: Environmental auditing—Philippines; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/6389; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=13432&context=etd_masteral
• Institution: De La Salle University

Environmental accounting is the ability to provide accurate information in the financial statements regarding the estimated social cost occasioned by the production externalities on the environment and how much deliberate intervention cost had been incurred to bridge the gap between the marginal social cost and the marginal private cost by a firm. The research undertaking aims to determine the impact of environmental accounting on corporate performance of publicly listed industrial and mining and oil companies in the Philippines for the years ended 2013-2017. Panel data approach used to examine the impact of environmental accounting (environmental accounting disclosures and costs reporting) on corporate performance (return on equity, net profit margin, dividends per share, and earnings per share) controlled by auditor type, firm size, board size, number of years listed in PSE, and location. In the intervening time, data for this research study is secondary generated from annual reports and audited financial statements of companies quoted on Philippine Stock Exchange for the years ended 2013-2017 with the aid also of a database and content analysis was conducted. Various model estimation and diagnostic tests were employed and panel regression analysis was executed to determine which model will best fit in the study. Based from the results, environmental accounting disclosure and costs reporting posed significant negative impact only to DPS and EPS and insignificant impact as a whole. The researcher recommends to managers, investors, government, public and future researchers to carefully examine and evaluate future expected benefits of environmental accounting.