메뉴 건너뛰기




Volumn 23, Issue 1, 2013, Pages 67-87

Firm Value and the Quality of Sustainability Reporting in Australia

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84876086015     PISSN: 10356908     EISSN: 18352561     Source Type: Journal    
DOI: 10.1111/j.1835-2561.2012.00187.x     Document Type: Article
Times cited : (104)

References (58)
  • 1
    • 85005305538 scopus 로고
    • 'The Market for "Lemons": Quality, Uncertainty and the Market Mechanism'
    • Akerlof, G. 1970, 'The Market for "Lemons": Quality, Uncertainty and the Market Mechanism', Quarterly Journal of Economics, 84, 3: 488-500.
    • (1970) Quarterly Journal of Economics , vol.84 , Issue.3 , pp. 488-500
    • Akerlof, G.1
  • 2
    • 1542508930 scopus 로고    scopus 로고
    • 'The Relations Among Environmental Disclosure, Environmental Performance and Economic Performance: A Simultaneous Equations Approach'
    • Al-Tuwaijri, S.A., Christenson, T.E. and Hughes, K.E. 2004, 'The Relations Among Environmental Disclosure, Environmental Performance and Economic Performance: A Simultaneous Equations Approach', Accounting, Organizations and Society, 29, 5-6: 447-71.
    • (2004) Accounting, Organizations and Society , vol.29 , Issue.5-6 , pp. 447-471
    • Al-Tuwaijri, S.A.1    Christenson, T.E.2    Hughes, K.E.3
  • 3
    • 79952083401 scopus 로고    scopus 로고
    • 'Disclosure, Conservatism and the Cost of Equity Capital: A Review of the Foundation Literature'
    • Artiach, T. and Clarkson, P. 2011, 'Disclosure, Conservatism and the Cost of Equity Capital: A Review of the Foundation Literature', Accounting and Finance, 51, 1: 2-49.
    • (2011) Accounting and Finance , vol.51 , Issue.1 , pp. 2-49
    • Artiach, T.1    Clarkson, P.2
  • 4
  • 5
    • 0043183592 scopus 로고    scopus 로고
    • 'Disclosure of Environmental Information by Canadian Manufacturing Companies: A Voluntary Disclosure Perspective'
    • Bewley, K. and Li, Y. 2000, 'Disclosure of Environmental Information by Canadian Manufacturing Companies: A Voluntary Disclosure Perspective', Advances in Environmental Accounting and Management, 1: 201-26.
    • (2000) Advances in Environmental Accounting and Management , vol.1 , pp. 201-226
    • Bewley, K.1    Li, Y.2
  • 6
    • 0042575530 scopus 로고    scopus 로고
    • 'The World Price of Earnings Opacity'
    • Bhattacharya, N., Daouk, H. and Welker, M. 2003, 'The World Price of Earnings Opacity', Accounting Review, 78, 3: 641-78.
    • (2003) Accounting Review , vol.78 , Issue.3 , pp. 641-678
    • Bhattacharya, N.1    Daouk, H.2    Welker, M.3
  • 7
    • 84876087976 scopus 로고
    • 'Environmental Legislation and Market Reaction to Environmental Information'
    • Blacconiere, W. and Patten, D. 1994, 'Environmental Legislation and Market Reaction to Environmental Information', Journal of Accounting and Economics, 18: 355-77.
    • (1994) Journal of Accounting and Economics , vol.18 , pp. 355-377
    • Blacconiere, W.1    Patten, D.2
  • 8
    • 0031184823 scopus 로고    scopus 로고
    • 'Disclosure Level and the Cost of Equity Capital'
    • Botosan, C.A. 1997, 'Disclosure Level and the Cost of Equity Capital', Accounting Review, 72, 3: 323-49.
    • (1997) Accounting Review , vol.72 , Issue.3 , pp. 323-349
    • Botosan, C.A.1
  • 9
    • 13844266630 scopus 로고    scopus 로고
    • 'Assessing Alternative Proxies for the Expected Risk Premium'
    • Botosan, C.A. and Plumlee, M.A. 2005, 'Assessing Alternative Proxies for the Expected Risk Premium', Accounting Review, 80, 1: 21-53.
    • (2005) Accounting Review , vol.80 , Issue.1 , pp. 21-53
    • Botosan, C.A.1    Plumlee, M.A.2
  • 10
    • 84876083934 scopus 로고    scopus 로고
    • The Relation Between Expected Returns, Realized Returns, and Firm Characteristics
    • forthcoming.
    • Botosan, C.A., Plumlee, M.A. and Wen, H. 2012, The Relation Between Expected Returns, Realized Returns, and Firm Characteristics, Contemporary Accounting Research, forthcoming.
    • (2012) Contemporary Accounting Research
    • Botosan, C.A.1    Plumlee, M.A.2    Wen, H.3
  • 11
    • 0036858889 scopus 로고    scopus 로고
    • 'Environmental Reporting in Australia: Current Practices and Issues for the Future'
    • Burritt, R. 2002, 'Environmental Reporting in Australia: Current Practices and Issues for the Future', Business Strategy and the Environment, 11: 391-406.
    • (2002) Business Strategy and the Environment , vol.11 , pp. 391-406
    • Burritt, R.1
  • 12
    • 34247329377 scopus 로고    scopus 로고
    • Centre for Australian Ethical Research (CAER), Commonwealth Department of Environment and Health, Canberra
    • Centre for Australian Ethical Research (CAER) 2005, The State of Sustainability Reporting in Australia, Commonwealth Department of Environment and Health, Canberra .
    • (2005) The State of Sustainability Reporting in Australia
  • 15
    • 41149174352 scopus 로고    scopus 로고
    • 'Revisiting the Relation Between Environmental Performance and Environmental Disclosure: An Empirical Analysis'
    • Clarkson, P., Richardson, G. and Vasvari, F. 2008, 'Revisiting the Relation Between Environmental Performance and Environmental Disclosure: An Empirical Analysis', Accounting, Organizations and Society, 33, 4-5: 303-27.
    • (2008) Accounting, Organizations and Society , vol.33 , Issue.4-5 , pp. 303-327
    • Clarkson, P.1    Richardson, G.2    Vasvari, F.3
  • 16
    • 79952210351 scopus 로고    scopus 로고
    • 'Environmental Reporting and its Relation to Corporate Environmental Performance'
    • Clarkson, P.M., Overell, M.B. and Chapple, L. 2011, 'Environmental Reporting and its Relation to Corporate Environmental Performance', ABACUS, 47, 1: 27-60.
    • (2011) ABACUS , vol.47 , Issue.1 , pp. 27-60
    • Clarkson, P.M.1    Overell, M.B.2    Chapple, L.3
  • 17
    • 0039250386 scopus 로고    scopus 로고
    • 'Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets'
    • Claus, J. and Thomas, J. 2001, 'Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets', Journal of Finance, 56, 5: 1629-66.
    • (2001) Journal of Finance , vol.56 , Issue.5 , pp. 1629-1666
    • Claus, J.1    Thomas, J.2
  • 21
    • 84990380988 scopus 로고    scopus 로고
    • 'Corporate Environmental Disclosure Strategies: Determinants, Costs and Benefits'
    • Cormier, D. and Magnan, M. 1999, 'Corporate Environmental Disclosure Strategies: Determinants, Costs and Benefits', Journal of Accounting, Auditing and Finance, 14, 4: 429-51.
    • (1999) Journal of Accounting, Auditing and Finance , vol.14 , Issue.4 , pp. 429-451
    • Cormier, D.1    Magnan, M.2
  • 22
    • 84876086061 scopus 로고    scopus 로고
    • CPA Australia, Available at: last accessed 20 October 2008
    • CPA Australia 2005, Confidence in Corporate Reporting 2005 . Available at: http://www.cpaaustralia.com.au/cps/rde/xbcr/SID-3F57FEDF-CD81A6F3/cpa/CICR.pdf, last accessed 20 October 2008.
    • (2005) Confidence in Corporate Reporting 2005
  • 23
    • 84876091634 scopus 로고    scopus 로고
    • CPA Australia, Available at: last accessed 20 October 2008
    • CPA Australia 2007, Confidence in Corporate Reporting 2007 . Available at: http://www.cpaaustralia.com.au/cps/rde/xbcr/cpa-site/Confidence_CorpRep_2007.pdf, last accessed 20 October 2008.
    • (2007) Confidence in Corporate Reporting 2007
  • 24
    • 33645516331 scopus 로고    scopus 로고
    • 'Socially Responsible Investing and Assocation'
    • D'Antonio, L., Johnsen, T. and Hutton, R. 2000, 'Socially Responsible Investing and Asset Allocation', Journal of Investing, 9, 3: 65-72.
    • (2000) Journal of Investing , vol.9 , Issue.3 , pp. 65-72
    • D'Antonio, L.1    Johnsen, T.2    Hutton, R.3
  • 25
    • 0011899518 scopus 로고    scopus 로고
    • Department of Environment and Heritage (DEH), Commonwealth of Australia, Canberra
    • Department of Environment and Heritage (DEH) 2000, A Framework for Public Environment Reporting, Commonwealth of Australia, Canberra .
    • (2000) A Framework for Public Environment Reporting
  • 26
    • 79952658642 scopus 로고    scopus 로고
    • 'Voluntary Non-financial Disclosure and the Cost of Equity Capital: The Case of Corporate Social Responsibility Reporting'
    • Dhaliwal, D.S., Li, O.Z., Tsang, A.H. and Yang, Y.G. 2011, 'Voluntary Non-financial Disclosure and the Cost of Equity Capital: The Case of Corporate Social Responsibility Reporting', Accounting Review, 81, 1: 59-100.
    • (2011) Accounting Review , vol.81 , Issue.1 , pp. 59-100
    • Dhaliwal, D.S.1    Li, O.Z.2    Tsang, A.H.3    Yang, Y.G.4
  • 27
    • 84942585214 scopus 로고
    • 'Disclosure, Liquidity and the Cost of Capital'
    • Diamond, D. and Verrecchia, R. 1991, 'Disclosure, Liquidity and the Cost of Capital', Journal of Finance, 46, 4: 689-721.
    • (1991) Journal of Finance , vol.46 , Issue.4 , pp. 689-721
    • Diamond, D.1    Verrecchia, R.2
  • 28
    • 84970428006 scopus 로고
    • 'Organizational Legitimacy: Social Values and Organizational Behavior'
    • Dowling, J. and Pfeffer, J. 1975, 'Organizational Legitimacy: Social Values and Organizational Behavior', Pacific Sociological Review, 18, 1: 122-36.
    • (1975) Pacific Sociological Review , vol.18 , Issue.1 , pp. 122-136
    • Dowling, J.1    Pfeffer, J.2
  • 29
    • 2442609381 scopus 로고    scopus 로고
    • 'Information and the Cost of Capital'
    • Easley, D. and O'Hara, M. 2004, 'Information and the Cost of Capital', Journal of Finance, 59: 1553-83.
    • (2004) Journal of Finance , vol.59 , pp. 1553-1583
    • Easley, D.1    O'Hara, M.2
  • 30
    • 1342330573 scopus 로고    scopus 로고
    • 'PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital'
    • Easton, P. 2004, 'PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital', Accounting Review, 79, 1: 73-95.
    • (2004) Accounting Review , vol.79 , Issue.1 , pp. 73-95
    • Easton, P.1
  • 32
    • 15944375198 scopus 로고    scopus 로고
    • 'Value-based Environmental Management: From Environmental Shareholder Value to Environmental Option Value'
    • Figge, F. 2005, 'Value-based Environmental Management: From Environmental Shareholder Value to Environmental Option Value', Corporate Social Responsibility and Environmental Management, 12: 19-30.
    • (2005) Corporate Social Responsibility and Environmental Management , vol.12 , pp. 19-30
    • Figge, F.1
  • 34
    • 0000745603 scopus 로고
    • 'The Association Between Environmental Performance and Environmental Disclosure in Annual Reports and 10k's'
    • Freedman, M. and Wasley, C. 1990, 'The Association Between Environmental Performance and Environmental Disclosure in Annual Reports and 10k's', Advances in Public Interest Accounting, 3: 183-93.
    • (1990) Advances in Public Interest Accounting , vol.3 , pp. 183-193
    • Freedman, M.1    Wasley, C.2
  • 36
  • 39
    • 1342303879 scopus 로고    scopus 로고
    • 'Inferring the Cost of Capital using the Ohlson-Juettner Model'
    • Gode, D. and Mohanram, P. 2003, 'Inferring the Cost of Capital using the Ohlson-Juettner Model', Review of Accounting Studies, 8, 3: 399-431.
    • (2003) Review of Accounting Studies , vol.8 , Issue.3 , pp. 399-431
    • Gode, D.1    Mohanram, P.2
  • 40
    • 84953586974 scopus 로고
    • 'Corporate Social and Environmental Reporting: A Review of the Literature and a Longitudinal Study of UK Disclosure'
    • Gray, R., Kouhy, R. and Lavers, S. 1995, 'Corporate Social and Environmental Reporting: A Review of the Literature and a Longitudinal Study of UK Disclosure', Accounting, Auditing and Accountability Journal, 8, 2: 47-77.
    • (1995) Accounting, Auditing and Accountability Journal , vol.8 , Issue.2 , pp. 47-77
    • Gray, R.1    Kouhy, R.2    Lavers, S.3
  • 42
    • 0041370067 scopus 로고    scopus 로고
    • 'Corporate Environmental Disclosures: Are They Useful in Determining Environmental Performance?'
    • Hughes, S.B., Anderson, A. and Golden, S. 2001, 'Corporate Environmental Disclosures: Are They Useful in Determining Environmental Performance?', Journal of Accounting and Public Policy, 20, 3: 217-40.
    • (2001) Journal of Accounting and Public Policy , vol.20 , Issue.3 , pp. 217-240
    • Hughes, S.B.1    Anderson, A.2    Golden, S.3
  • 43
    • 34250693655 scopus 로고    scopus 로고
    • 'Information Asymmetry, Diversification, and the Cost of Capital'
    • Hughes, J., Liu, J. and Liu, J. 2007, 'Information Asymmetry, Diversification, and the Cost of Capital', The Accounting Review, 82, 3: 705-29.
    • (2007) The Accounting Review , vol.82 , Issue.3 , pp. 705-729
    • Hughes, J.1    Liu, J.2    Liu, J.3
  • 44
    • 84861946610 scopus 로고    scopus 로고
    • International Integrated Reporting Committee (IIRC), Available at: last accessed 6 September 2012
    • International Integrated Reporting Committee (IIRC) 2011, 'Integrated Reporting. Available at: http://www.theiirc.org, last accessed 6 September 2012.
    • (2011) Integrated Reporting
  • 45
    • 33947395973 scopus 로고    scopus 로고
    • 'Accounting Information, Disclosure and the Cost of Capital'
    • Lambert, R., Leuz, C., and Verrecchia, R. 2007, 'Accounting Information, Disclosure and the Cost of Capital', Journal of Accounting Research, 45, 2: 385-420.
    • (2007) Journal of Accounting Research , vol.45 , Issue.2 , pp. 385-420
    • Lambert, R.1    Leuz, C.2    Verrecchia, R.3
  • 47
    • 33645527387 scopus 로고    scopus 로고
    • 'Do Financial Markets Care about Social and Environmental Disclosure? Further Evidence and Exploration from the UK'
    • Murray, A., Sinclair, D., Power, D. and Gray, R. 2006, 'Do Financial Markets Care about Social and Environmental Disclosure? Further Evidence and Exploration from the UK', Accounting, Auditing and Accountability Journal, 19, 2: 228-55.
    • (2006) Accounting, Auditing and Accountability Journal , vol.19 , Issue.2 , pp. 228-255
    • Murray, A.1    Sinclair, D.2    Power, D.3    Gray, R.4
  • 48
    • 84876097801 scopus 로고    scopus 로고
    • National Environmental Protection Council Panel (NEPC), Available at: last accessed 6 September 2012
    • National Environmental Protection Council Panel (NEPC) 2012, Understanding NPI Data . Available at: http://www.npi.gov.au/data/data-explanation.html, last accessed 6 September 2012.
    • (2012) Understanding NPI Data
  • 49
    • 22144464511 scopus 로고    scopus 로고
    • 'Expected EPS and EPS Growth as Determinants of Value'
    • Ohlson, J. and Juettner-Nauroth, B. 2003, 'Expected EPS and EPS Growth as Determinants of Value', Review of Accounting Studies, 10, 2-3: 349-65.
    • (2003) Review of Accounting Studies , vol.10 , Issue.2-3 , pp. 349-365
    • Ohlson, J.1    Juettner-Nauroth, B.2
  • 50
    • 0036837339 scopus 로고    scopus 로고
    • 'The Relation Between Environmental Performance and Environmental Disclosure: A Research Note'
    • Patten, D. 2002, 'The Relation Between Environmental Performance and Environmental Disclosure: A Research Note', Accounting, Organizations and Society, 27, 8: 763-73.
    • (2002) Accounting, Organizations and Society , vol.27 , Issue.8 , pp. 763-773
    • Patten, D.1
  • 51
    • 0037270289 scopus 로고    scopus 로고
    • 'Corporate Responses to Political Costs: An Examination of the Relation Between Environmental Disclosure and Earnings Management'
    • Patten, D.M. and Trompeter, G. 2003, 'Corporate Responses to Political Costs: An Examination of the Relation Between Environmental Disclosure and Earnings Management', Journal of Accounting and Public Policy, 22, 1: 83-95.
    • (2003) Journal of Accounting and Public Policy , vol.22 , Issue.1 , pp. 83-95
    • Patten, D.M.1    Trompeter, G.2
  • 53
    • 0035486086 scopus 로고    scopus 로고
    • 'Social Disclosure, Financial Disclosure and the Cost of Equity Capital'
    • Richardson, A.J. and Welker, M. 2001, 'Social Disclosure, Financial Disclosure and the Cost of Equity Capital', Accounting, Organizations and Society, 26, 7-8: 597-616.
    • (2001) Accounting, Organizations and Society , vol.26 , Issue.7-8 , pp. 597-616
    • Richardson, A.J.1    Welker, M.2
  • 54
    • 44149116527 scopus 로고    scopus 로고
    • 'Environmental Risk Management and the Cost of Capital'
    • Sharfman, M.P. and Fernando, C.S. 2008, 'Environmental Risk Management and the Cost of Capital', Strategic Management Journal, 29, 6: 569-92.
    • (2008) Strategic Management Journal , vol.29 , Issue.6 , pp. 569-592
    • Sharfman, M.P.1    Fernando, C.S.2
  • 56
    • 85055762007 scopus 로고
    • 'The Evolution of Organizational Environments'
    • Terreberry, S. 1968, 'The Evolution of Organizational Environments', Administrative Science Quarterly, 12, 4: 590-613.
    • (1968) Administrative Science Quarterly , vol.12 , Issue.4 , pp. 590-613
    • Terreberry, S.1
  • 57
    • 0000674202 scopus 로고
    • 'Towards a Positive Theory of the Determination of Accounting Standards'
    • Watts, R.L. and Zimmerman, J.L. 1978, 'Towards a Positive Theory of the Determination of Accounting Standards', The Accounting Review, 53, 1: 112-34.
    • (1978) The Accounting Review , vol.53 , Issue.1 , pp. 112-134
    • Watts, R.L.1    Zimmerman, J.L.2
  • 58
    • 49049139717 scopus 로고
    • 'An Evaluation of Environmental Disclosures Made in Corporate Annual Reports'
    • Wiseman, J. 1982, 'An Evaluation of Environmental Disclosures Made in Corporate Annual Reports', Accounting, Organizations and Society, 7, 1: 53-63.
    • (1982) Accounting, Organizations and Society , vol.7 , Issue.1 , pp. 53-63
    • Wiseman, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.