rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Valuation analysis of mandatory and discretionary environmental disclosures
  name:
    name part: Lancaster, Kathryn A.S.
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: xx
    date issued: 1997
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: x, 164 leaves ; 28 cm.
  abstract: This study investigates actual environmental performance and
  abstract: the environmental disclosures made by publicly-traded firms.
  abstract: One type of disclosure examined is the mandatory disclosure
  abstract: in which the firm reports liabilities and contingencies
  abstract: associated with: (1) previously incurred environmental
  abstract: remediation, and/or (2) compliance with environmental
  abstract: regulation. The second type of disclosure is the
  abstract: discretionary disclosure, which typically reports on the
  abstract: firm's actions taken to reduce environmental degradation by
  abstract: such measures as minimizing waste, retooling products, and
  abstract: investing in an environmental management system. A valuation
  abstract: model is employed to test whether disclosure of internally
  abstract: and externally generated environmental information is value-
  abstract: relevant to investors. Three sets of financial and non-
  abstract: financial information are developed to examine the
  abstract: association between firm market value and (1) actual
  abstract: environmental performance, (2) mandatory disclosures, and (3)
  abstract: discretionary disclosures. The results suggest that,
  abstract: contrary to previous studies, the number of Superfimd sites
  abstract: is not considered a significant indicator of future
  abstract: environmental liabilities. However, the release of toxic
  abstract: chemicals is perceived as having a negative impact on market
  abstract: value. Of the mandatory disclosures made by firms, investors
  abstract: appear to place value on detailed legal proceedings,
  abstract: qualitative information about future expenditures, current
  abstract: remediation costs, and projected future capital expenditures.
  abstract: External validation of environmentally responsible actions
  abstract: has a positively significant association with market value.
  abstract: Internally provided voluntary disclosures are not as value-
  abstract: relevant -- an established audit program a total quality
  abstract: environmental management system, and consideration of
  abstract: supplier's environmental standing are all only marginally
  abstract: significant. - The results of the examination of specific
  abstract: types of environmental information used by investors should
  abstract: define and establish the degree and type of disclosures that
  abstract: firms should make regarding their environmental
  abstract: responsibilities. In addition, the results may assist firms
  abstract: by allowing them to focus on the disclosure of more useful
  abstract: information, and thereby eliminate unnecessary costs.
  note: by Katheryn A.S. Lancaster.
  note: Vita.
  note: "Major Subject: Accounting".
  note: Issued also on microfiche from University Microfilms Inc.
  note: Includes bibliographical references: pages 122-131.
  note: Ph. D. Texas A&M University 1997.
  subject:
    topic: Major accounting
  identifier: 98-00764 UMI
  identifier: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 980406
    record change date: 20190325093501.0
    record identifier: in00001415041