ABSTRACT With the growing pressure to consider environmental impact on business operations, accounting and disclosure of environmental matters have been rapidly emerging as an important dimension of corporate voluntary practices. The paper examines the differences of environmental disclosure practices between Malaysian and Australian public listed companies. This paper explores the international differences on environmental disclosure practices between Malaysia and Australia with regards to: 1. the state-of-the-art and 2. the factors influencing the environmental disclosure decisions of public listed companies. Empirical evidence is gathered through a content analysis of year 2002 and 2003 corporate annual reports of the top 50 Malaysian and Australian public listed companies. The findings indicated that Australian companies disclosed more and extensive environmental information compared to Malaysian companies. The factors that have some level of impact on environmental disclosure practices among Australian companies are financial performance and ISO 14001 certification, while ISO certification was found to be the sole factor for Malaysian environmental disclosure practice.
Keyword: Environmental disclosure; content analysis; annual report; Malaysia; Australia
Correspondence Details: Haslinda Yusoff School of Commerce University of South Australia Ph: + 61 8 8302 7042 (office) Fax: + 61 8 8302 0992 E-mail : Haslinda.Yusoff@postgrads.unisa.edu.au
INTERNATIONAL DIFFERENCES ON CORPORATE ENVIRONMENTAL DISCLOSURE PRACTICES: A COMPARISON BETWEEN MALAYSIA AND AUSTRALIA
1. INTRODUCTION The role of businesses in society is a complex and critical issue. Businesses’ role is critical given their operations and associated powers depend on society’s assent to their activities....