Book chapter
AN EXPERIMENTAL INVESTIGATION OF THE INTENTIONS TO ACCRUE AND DISCLOSE ENVIRONMENTAL LIABILITIES
Advances in public interest accounting, pp 195-243
01 Jan 2010
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
There is ample evidence that many firms do not fully disclose environmental liabilities. Since it is likely that full disclosure of these liabilities may lead to greater accountability by a firm, it is important to identify factors related to the treatment and disclosure of these specific liabilities. This study reports on factors found to be related to the intentions of 263 financial executives to accrue and disclose environmental liabilities based on scenarios developed for this research. Using the Theory of Planned Behavior, we find that intentions to accrue and disclose environmental liabilities are positively related to an executive's attitudes, subjective norms, perceived behavioral control, and sense of obligation. We also provide evidence that the magnitude of the environmental and financial consequences has a positive, significant relation to these intentions and find that financial executives,from privately held companies are less likely to accrue and disclose environmental liabilities than those from companies that are publicly traded. These findings suggest that encouraging positive attitudes toward environmental accruals and disclosures, enhancing the behavioral control of financial executives over the accrual decision, and heightening their moral obligation to disclosure these liabilities may lead to better accounting treatment and transparency of environmental matters.
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Details
- Title
- AN EXPERIMENTAL INVESTIGATION OF THE INTENTIONS TO ACCRUE AND DISCLOSE ENVIRONMENTAL LIABILITIES
- Creators
- Stephanie M. Weidman - Rowan Univ, Glassboro, NJ 08028 USAAnthony P. Curatola - Drexel UniversityFrank Linnehan - Drexel Univ, Philadelphia, PA 19104 USA
- Contributors
- C R Lehman (Editor)
- Publication Details
- Advances in public interest accounting, pp 195-243
- Series
- Advances in Public Interest Accounting
- Publisher
- Emerald Group Publishing; BINGLEY
- Number of pages
- 49
- Resource Type
- Book chapter
- Language
- English
- Academic Unit
- Accounting
- Web of Science ID
- WOS:000300170100008
- Scopus ID
- 2-s2.0-84856960138
- Other Identifier
- 991019168469004721
UN Sustainable Development Goals (SDGs)
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InCites Highlights
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Business
- Ethics