Premium
The Quality of Disclosures on Environmental Policy: The Profile of Financial Intermediaries
Author(s) -
Alberici Adalberto,
Querci Francesca
Publication year - 2015
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.1375
Subject(s) - profitability index , business , intermediary , accounting , quality (philosophy) , environmental reporting , financial intermediary , finance , environmental quality , philosophy , epistemology , political science , law
This study investigates the quality of voluntary disclosures on environmental policy by financial intermediaries (FIs), analyzing the Global Reporting Initiative's data. Through k‐means cluster analysis, four segments of FIs are identified. Our results show a heterogeneous reality. The quality of disclosures is associated to the FIs’ attributes and the home country's characteristics: FIs’ size and operating profitability, national economic wealth, and national environmental performance. No association is found with the FIs’ business area or their quotation on the stock market. The FIs’ relevance for their domestic economy is not significant either. Copyright © 2015 John Wiley & Sons, Ltd and ERP Environment.