Voluntary Environmental Disclosures by Large UK Companies
研究英国大公司自愿环境信息披露的模式，发现公司规模、负债水平和股权结构影响披露决策，而披露质量与公司规模和环境影响正相关，且不同行业的影响因素存在差异。
Abstract: This paper examines the patterns in voluntary environmental disclosures made by a sample of large UK companies. The analysis distinguishes between the decision to make a voluntary environmental disclosure and decisions concerning the quality of such disclosures and examines how each type of decision is determined by firm and industry characteristics. We find that larger, less indebted companies with dispersed ownership characteristics are significantly more likely to make voluntary environmental disclosures, and that the quality of disclosures is positively associated with firm size and corporate environmental impact. We find significant cross‐sector variation in the determinants of both the participation and quality decisions. Furthermore, the manner of this variation differs between the two.