Environmental Disclosures In Annual Reports and 10Ks: An Examination.
研究了1986至1991年间12个行业234家公司的年度报告和10K报告中环境信息披露的质量，发现整体质量偏低，但石油精炼、危险废物管理和钢铁行业披露质量较高。
Abstract This study investigates the quality of environmental disclosures in 10K and annual reports (ARs) for 234 companies within 12 industries for the years 1986 through 1991. The content of environmental disclosures is examined with the aid of descriptive reporting codes, which were developed based upon the manner in which the sampled firms disclosed environmental information. The industries selected for study represent companies whose operations could have a negative material impact on the environment. Our principal findings are: (1) total AR disclosures have significantly increased since 1989; (2) petroleum refining, hazardous waste management, and steel works and blast furnaces provided the highest quality of AR disclosures; (3) the 1989-1991 time period produced a significant increase in 10K environmental disclosures; (4) petroleum refining, hazardous waste management, and steel works and blast furnaces provided the highest quality of 10K disclosures; and, (5) the overall quality of environmental disclosures is low.