Is environmental disclosure good for the environment? A meta-analysis and research agenda

Charles H. Cho (1) , Jonathan Maurice (2) , Emmanuelle Nègre (3) , Marie-Anne Verdier (2)

1 ESSEC Business School
2 CRM - Centre de Recherche en Management
3 MRM - Montpellier Research in Management

This paper reviews the literature on the association between environmental disclosure and environmental performance. Results from previous studies are mixed. While some studies conducted in an economic perspective document a positive association between these two environmental dimensions, other studies obtain a negative association that they mainly explain using arguments drawn from socio-political theories. Given these conflicting results, we conduct a meta-analysis to provide an average direction and magnitude of the association between environmental disclosure and environmental performance. The meta-analysis reveals that there is no association between the environmental disclosure and the environmental performance of the 2,672 companies of our cumulated sample, and that this non-association remains constant over time despite the continuous reinforcement of environmental regulations. Based on these results, we discuss theoretical and methodological issues associated with prior literature that could explain this overall non-association and we suggest avenues for future research.

Mots clés: environmental performance; environmental disclosure; environmental accounting; meta-analysis; theories and methods

Domaines: Gestion et management

Charles H. Cho, Jonathan Maurice, Emmanuelle Nègre, Marie-Anne Verdier. Is environmental disclosure good for the environment? A meta-analysis and research agenda. Korean Accounting Review, 2016, 41 (3), pp.239-277. ⟨halshs-01369422⟩