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1、21Factors Influencing Environmental Accounting and Disclosure Practices in India: Empirical Evidence from NIFTY Companies 2016 IUP. All Rights Reserved. Factors Influencing Environmental Accounting and Disclosure Practices in India: Empirical Evidence from NIFTY Companies B Omnamasivaya* and M S V P
2、rasad* *Research Scholar, GITAM Institute of Management, GITAM University, Visakhapatnam, Andhra Pradesh, India. E-mail: boddedasivayahoo.co.in * Associate Professor and Head, Department of Finance, GITAM Institute of Management, GITAM University, Visakhapatnam, Andhra Pradesh, India. E-mail: The st
3、udy examines the factors determining the level of environmental disclosure information by taking a sample of NIFTY 50 companies from National Stock Exchange (NSE). The environmental information disclosure is measured by using an Environmental Accounting Disclosure Index (EADI) and the variables used
4、 in the study are profitability, corporate size, age, financial leverage, industry type, legal ownership and foreign operations. The relationship is tested using multiple regression analysis. The results show that there is a positive relationship between EADI and profitability, financial leverage, i
5、ndustry type and legal ownership, and a negative relationship between EADI and corporate size, age and foreign operations. Introduction Climate change is one of the greatest challenges that the world is facing today. Climate change is the variation in the global climate over time. The climate change
6、 creates manifold problems like global warming, glacier meltdown, soil erosion, land degradation, deforestation, loss of biodiversity and all kinds of pollution. Human influence on the nature is one of the major causes of such problems. Indiscriminate use of resources and undue influence on nature i
7、n the name of development can be identified as the prime causes of climate change. As a result, in the last few decades, the adverse effect of environmental pollution on economic development has become a public concern all over the world (Goswami, 2014). The state of worlds environment and the impac
8、t of mankind on the ecology of the world have led to increased public concern and scrutiny of the operations and performance of organizations. Globally, corporations are expected to include environmental concerns in business operations and interaction with stakeholders. As a result, firms can no lon
9、ger ignore the problems of the society in which they operate. This has thus instituted a social contract The IUP Journal of Accounting Research and it was also found that the age of the company was significant and negatively related to the level of environmental disclosure. Oba and Fodio (2012) exam
10、ined the relationship between board characteristics and quality of environmental disclosure by taking 21 companies in Nigeria. Environmental disclosure was measured by using an environmental disclosure index and the independent variables used in the study were board size, foreign directors, gender m
11、ix, and board independence. The study found that there was no relationship between board size and environmental disclosure. Suttipun and Stanton (2012) conducted a study on the determinants of environmental disclosure by using 75 Thai companies. The environmental disclosure was measured by word coun
12、t and the five independent variables used in the study were size of the company, type of industry, ownership status, profitability and country of origin of the company. The study found that there was a positive relationship between environmental disclosure and size of the company. Talebnia et al. (2
13、013) examined 26 Iran companies to investigate the relationship between corporate environmental disclosures and firm-specific categories. Corporate Social and Environmental Disclosure (CSED) was measured by content analysis and three variables 25Factors Influencing Environmental Accounting and Discl
14、osure Practices in India: Empirical Evidence from NIFTY Companies were used in the study: size, profitability and industry. The study found a positive relationship between size and CSED, and a negative relationship between industry and CSED. The study also found that there was no relationship betwee
15、n CSED and profitability. Akrout and Othman (2013) investigated the relationship between environmental disclosure and determinants by using websites of 153 companies in Middle East North African (MENA) market. Environmental accounting disclosure was measured by an Environmental Accounting Disclosure
16、 Index (EADI) and the determinants used in the study were business culture, family ownership, government ownership, Internet penetration, size, leverage and profitability. The study found that there was a negative relationship between environmental disclosure and family ownership, and it was also found that environmental disclosure was influenced by company size and performance. Mbekomize and Wally-Dima (2013) examined the relationship between social and environmental disclosure and its de
