Research Article

Environmental Disclosure and Financial Characteristics of the Firm: The Case of Denmark

  1. Andreas Andrikopoulos1,*,
  2. Nikoleta Kriklani2

Article first published online: 5 FEB 2012

DOI: 10.1002/csr.1281

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Corporate Social Responsibility and Environmental Management

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How to Cite

Andrikopoulos, A. and Kriklani, N. (2012), Environmental Disclosure and Financial Characteristics of the Firm: The Case of Denmark. Corp. Soc. Responsib. Environ. Mgmt. doi: 10.1002/csr.1281

Author Information

  1. 1

    University of the Aegean, Department of Business Administration, Chios, Greece

  2. 2

    University of the Aegean, Department of Financial and Management Engineering, Mytilene, Greece

*Andreas Andrikopoulos, University of the Aegean, Department of Business Administration, 8 Michalon Str., 82100, Chios, Greece. E-mail: apa@aegean.gr

Publication History

  1. Article first published online: 5 FEB 2012
  2. Manuscript Accepted: 5 JAN 2012
  3. Manuscript Revised: 28 DEC 2011
  4. Manuscript Received: 4 OCT 2011

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Keywords:

  • environmental reporting;
  • sustainable development;
  • Denmark

ABSTRACT

Drawing on the importance of social accounting for sustainable development, we study practices of environmental disclosure on the websites of companies listed on the Copenhagen Stock Exchange. The first part of this paper produces and discusses descriptive evidence on environmental reporting practices by listed companies with respect to the content of disclosed information. We then undertake an explanatory task in order to identify the factors that determine environmental reporting for firms listed on the Copenhagen Stock Exchange. Firm size, financial leverage, the market-to-book ratio, and profitability are significantly associated with the breadth environmental disclosure. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment

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