Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Environmental Management Information Disclosure and Firm Value: A Panel Data Analysis

Author(s): Mehedi Hasan Tuhin, Md. Aminul Islam, Munira Sultana, Mazeda Sultana, Abu Obida Rahid

An effort has been made in this paper to identify whether there is any significant impact of environmental management information disclosure in adding value to a firm. This research is carried out on the basis of fifteen randomly selected listed banking institutions’ annual reports covering 2013 to 2017. The selected banks are enlisted under both the Dhaka Stock Exchange and Chittagong Stock Exchange. A disclosure checklist with 10 important categories of environmental management information is utilized to assess the magnitude of environmental management information disclosure. Using panel data regression analysis the finding indicates that the value of a firm is not significantly affected by environmental management information disclosure. This research work adds to the current body of knowledge by supporting the view that environmental management information disclosure alone cannot create firm value from the perspective of a developing country.

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