The Drivers of Corporate Water Disclosure in Enhancing Information Transparency
| Autor: | Beiling Ma, Hui-Cheng Yu, Lopin Kuo |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
lcsh:GE1-350
Renewable Energy Sustainability and the Environment Transparency (market) Creditor business.industry stakeholder theory water-sensitive industry lcsh:Environmental effects of industries and plants lcsh:TJ807-830 Geography Planning and Development lcsh:Renewable energy sources Accounting Management Monitoring Policy and Law Logistic regression lcsh:TD194-195 accountability Accountability Debt ratio Profitability index Business Capital market Stakeholder theory lcsh:Environmental sciences legitimacy theory |
| Zdroj: | Sustainability Volume 12 Issue 1 Sustainability, Vol 12, Iss 1, p 385 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12010385 |
| Popis: | This paper explores drivers of corporate water disclosure (CWD) from an aspect of accountability. Based on legitimacy theory and stakeholder theory, we propose six potential drivers of CWD. First, this paper uses an independent sample t-test to analyze differences in CWD among US firms. Later, potential drivers on CWD were identified using ordinal logit regression. These hypotheses posit that debt ratio, blockholders&rsquo ownership ratio, inclusion in a capital market index (i.e., S& P500), and the status of belonging to a water-sensitive industry (WSensi) all have a positive effect on CWD. However, the relations of firm size and profitability on CWD are insignificant. This suggests that the supervision of blockholders and creditors can effectively improve the transparency of CWD. |
| Databáze: | OpenAIRE |
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