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Customer-related performance and the relevance of environmental reporting

Author

Listed:
  • Ikram Radhouane

    (CRET-LOG - Centre de Recherche sur le Transport et la Logistique - AMU - Aix Marseille Université)

  • Mehdi Nekhili

    (GAINS - ARGUMANS - Atelier De Recherche En Gestion De L'université Du Mans - GAINS - Groupe d'Analyse des Itinéraires et des Niveaux Salariaux - UM - Le Mans Université)

  • Haithem Nagati

    (ICD International Business School Paris)

  • Gilles Paché

    (CRET-LOG - Centre de Recherche sur le Transport et la Logistique - AMU - Aix Marseille Université)

Abstract

Based on the fact that shareholders respond to environmental initiatives according to their perception of the potential related benefits, this study investigates whether customer-related performance affects the value relevance of voluntary environmental reporting. This paper provides a better understanding of the circumstances under which shareholders react positively to voluntary environmental information disclosed by firms operating in environmentally sensitive industries. Using a sample of French listed firms belonging to the SBF 120 stock index over an eleven-year period (2001–2011), our results show that a higher level of environmental disclosure is valued negatively by shareholders for firms operating in environmentally sensitive industries. In line with cost-benefit analysis, shareholders are found to rely more on profitability-based performance (i.e., return on sales and return on assets) than on revenue-based performance (i.e., sales growth) when assessing the relevance of environmental reporting for firms operating in environmentally sensitive industries.

Suggested Citation

  • Ikram Radhouane & Mehdi Nekhili & Haithem Nagati & Gilles Paché, 2018. "Customer-related performance and the relevance of environmental reporting," Post-Print hal-02380567, HAL.
    • Handle: RePEc:hal:journl:hal-02380567
    DOI: 10.1016/j.jclepro.2018.04.149
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    Citations

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    Cited by:

    1. Hua Yin & Mingyu Li & Yuan Ma & Qiang Zhang, 2019. "The Relationship between Environmental Information Disclosure and Profitability: A Comparison between Different Disclosure Styles," IJERPH, MDPI, vol. 16(9), pages 1-14, May.
    2. Mihai Carp & Leontina Păvăloaia & Mihai-Bogdan Afrăsinei & Iuliana Eugenia Georgescu, 2019. "Is Sustainability Reporting a Business Strategy for Firm’s Growth? Empirical Study on the Romanian Capital Market," Sustainability, MDPI, vol. 11(3), pages 1-21, January.
    3. Marius Sorin Dinca & Mara Madaleno & Mirela Camelia Baba & Gheorghita Dinca, 2019. "Environmental Information Transparency—Evidence from Romanian Companies," Sustainability, MDPI, vol. 11(18), pages 1-22, September.

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