The impact of environmental and social costs disclosure on financial performance mediating by earning management

• Autorzy: Ayu Maristiana , Lindrianasari , Gamayuni Rindu Rika , Urbański Mariusz

Identyfikatory

DOI

10.17512/pjms.2020.21.2.06

Warianty tytułu

PL

Wpływ ujawniania kosztów środowiskowych i społecznych na wyniki finansowe na zarządzanie zarobkami

• Języki publikacji: EN

Abstrakty

EN

The aim related to the article is to empirically investigate the effect of environmental cost disclosure and social cost disclosure on financial performance mediated by earning management. To achieve this purpose, a quantitative research method was employed using primary data sources and collected from the employees of international energy corporations. Then, the data were examined using smart Partial Least Squares (PLS). The study results revealed that the environmental and social costs disclosure significantly affected financial performance. This was in agreement with theories of instrumental stakeholders, legitimacy and agency. This means that more cost on environmental and social information disclosure can generate greater opportunities for corporations.

PL

Celem związanym z tym artykułem jest empiryczne zbadanie wpływu ujawnienia kosztów środowiskowych i ujawnienia kosztów społecznych na wyniki finansowe za pośrednictwem zarządzania zarobkami. Aby osiągnąć ten cel, zastosowano metodę badań ilościowych z wykorzystaniem pierwotnych źródeł danych i zebrano od pracowników międzynarodowych korporacji energetycznych. Następnie dane zostały zbadane przy użyciu inteligentnych częściowych najmniejszych kwadratów (PLS). Wyniki badania wykazały, że ujawnienie kosztów środowiskowych i społecznych znacząco wpłynęło na wyniki finansowe. Było to zgodne z teoriami interesariuszy instrumentalnych, legitymacji i agencji. Oznacza to, że wyższe koszty ujawniania informacji środowiskowych i społecznych mogą generować większe możliwości dla korporacji.

Słowa kluczowe

EN

environmental cost accounting; earning management; financial performance; social cost disclosure

PL

rachunkowość kosztów środowiskowych; zarządzanie zarobkami; wyniki finansowe; ujawnianie kosztów społecznych

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2020
• Tom: Vol. 21, No. 2
• Strony: 74--86
• Opis fizyczny: Bibliogr. 31 poz., rys., tab.

Twórcy

autor

Ayu Maristiana

• Faculty of Economics and Business, The University of Lampung, Indonesia

autor

Lindrianasari

• Faculty of Economics and Business, The University of Lampung, Indonesia

autor

Gamayuni Rindu Rika

• Faculty of Economics and Business, The University of Lampung, Indonesia

autor

Urbański Mariusz

• Faculty of Civil Engineering, Częstochowa University of Technology, Poland

Bibliografia

• 1. Adediran, S., & Alade, S. (2013). The impact of environmental accounting on corporate performance in Nigeria. European Journal of Business and Management, 5(23), 141-151.
• 2. Al Azeez, H. A. R., Sukoharsono, E. G., & Andayani, W. (2019). The impact of board characteristics on earnings management in the international oil and gas corporations. Academy of Accounting and Financial Studies Journal, 23(1), 1-26.
• 3. Ali Shah, S. Z., Butt, S. A., & Hassan, A. (2009). Corporate governance and earnings management an empirical evidence form Pakistani listed companies. European Journal of Scientific Research, 26(4), 624-638.
• 4. Cavaco, S., & Crifo, P. (2014). CSR and financial performance: Complementarity between environmental, social and business behaviours. Applied Economics, 46(27), 3323-3338.
• 5. Chih, H.-L., Shen, C.-H., & Kang, F.-C. (2008). Corporate social responsibility, investor protection, and earnings management: Some international evidence. Journal of business ethics, 79(2), 179-198.
• 6. Cortez, M. A. A., & Cudia, C. P. (2011). Sustainability and firm performance: a case study of Japanese electronics companies. Ritsumeikan international affairs= Ritsumeikan international affairs(10), 321-339.
• 7. Dibia, N. O., & Onwuchekwa, J. C. (2015). Determinants of environmental disclosures in Nigeria: A case study of oil and gas companies. International Journal of Finance and Accounting, 4(3), 145-152.
• 8. Diskiene, D., Pauliene, R., & Ramanauskaite, D. (2019). Relationships between Leadership Competencies and Employees' Motivation, Initiative and Interest to Work. Montenegrin Journal of Economics, 15(1), 113-129.
• 9. Dvorský, J., Petráková, Z., & Polách, J. (2019). Assessing the Market, Financial and Economic Risk Sources by Czech and Slovak SMEs. International Journal of Entrepreneurial Knowledge, 7(2), 30-40.
• 10. Epstein, M. J., & Buhovac, A. R. (2014). A new day for sustainability. Strategic finance, 96(1), 25-35.
• 11. Eze, J. C., Nweze, A., & Enekwe, C. (2016). The effects of environmental accounting on a developing nation: Nigerian experience. European Journal of Accounting, Auditing and Finance Research, 4(1), 17-27.
• 12. Gavurova, B., Kocisova, K., Behun, M., & Tarhanicova, M. (2018). Environmental performance in OECD countries: A non-radial DEA approach. Acta Montanistica Slovaca, 23(2), 206-215.
• 13. Gavurova, B., Kovac, V., Drabik, P., & Gomory, M. (2019). Exploration of Disparities in Environmental Activities of European Countries from Year 2006 to Year 2016. Acta Montanistica Slovaca, 24(4), 376-390.
• 14. Hribar, P., & Collins, D. W. (2002). Errors in estimating accruals: Implications for empirical research. Journal of Accounting research, 40(1), 105-134.
• 15. Hussain, H. I., Kot, S., Thaker, H. M. T., & Turner, J. J. (2020). Environmental Reporting and Speed of Adjustment to Target Leverage: Evidence from a Dynamic Regime Switching Model. Organizacija, 53(1), 21-35.
• 16. Hussain, M. S., Mosa, M. M., & Omran, A. (2018). The impact of owners behaviour towards risk taking by Pakistani banks: Mediating role of profitability. Journal of Academic Research in Economics, 10(3), 41-64.
• 17. Ik, M., & Azeez, A. A. (2020). Organisational green behavioural change: The role of Change Management. International Journal of Entrepreneurial Knowledge, 8(1), 34-48.
• 18. Iqbal, M., Sutrisno, T., Assih, P., & Rosidi, R. (2013). Effect of environmental accounting implementation and environmental performance and environmental information disclosure as mediation on company value. International Journal of Business and Management Invention, 2(10), 55-67.
• 19. Ižaríková, G. (2014). Using of multi-criterial evaluation methods to assess position of the object in the market. Acta logistica, 1(3), 17-22.
• 20. Krajníková, K., Smetanková, J., & Behúnová, A. (2019). Building Sustainability and Building Infomartion Modelling. Acta Tecnología, 5(1), 1-4.
• 21. Mesarč, P. (2018). Increase of Efficiency of Logistics Flows in Sharing Economy Conditions of a Specific Company. Acta logistica, 5(3), 65-69.
• 22. Mohammadali, Z. M., & Abdulkhaliq, S. S. (2019). Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview. International Journal of Entrepreneurial Knowledge, 7(2), 4-16.
• 23. Nawaz, M. A., & Hassan, S. (2016). Tourism in South Asia. International Journal of Economic Perspectives, 10(4), 591-601.
• 24. Nor, N. M., Bahari, N. A. S., Adnan, N. A., Kamal, S. M. Q. A. S., & Ali, I. M. (2016). The effects of environmental disclosure on financial performance in Malaysia. Procedia Economics and Finance, 35, 117-126.
• 25. Palacios-Manzano, M., Gras-Gil, E., & Santos-Jaen, J. M. (2019). Corporate social responsibility and its effect on earnings management: an empirical research on Spanish firms. Total Quality Management & Business Excellence, 12, 1-17.
• 26. Shapiro, S. P. (2005). Agency theory. Annual review of sociology, 31, 263-284.
• 27. Straka, M., Cehlar, M., Khouri, S., Trebuna, P., Rosova, A., & Malindzakova, M. (2016). Asbestos exposure and minimization of risks at its disposal by applying the principles of logistics. Przemysl Chemiczny, 95(5), 963-970.
• 28. Sutopo, B., Kot, S., Adiati, A. K., & Ardila, L. N. (2018). Sustainability Reporting and value relevance of financial statements. Sustainability, 10(3), 678-685.
• 29. Uwuigbe, U., & Jimoh, J. (2012). Corporate environmental disclosures in the Nigerian manufacturing industry: a study of selected firms. African Research Review, 6(3), 71-83.
• 30. Valaskova, K., Kliestik, T., & Kovacova, M. (2018). Management of financial risks in Slovak enterprises using regression analysis. Oeconomia Copernicana, 9(1), 105-121.
• 31. Yousif, K. (2010). The Integration between the Financial and Non-financial Measures for Achieve Monitoring on the Operating Process. Tanmiyat alL-Rafidain, 32(99), 275-297.

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).