• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
IJTEF 2017 Vol.8(3): 169-174 ISSN: 2010-023X
DOI: 10.18178/ijtef.2017.8.3.557

Financial Environmental Disclosure in the Annual Reports of Listed Companies in Poland

Justyna Dyduch

Abstract—This article aims to analyse the extent and quality of financial environmental disclosure in annual reports of companies listed on the Warsaw Stock Exchange and representing thirteen sectors significantly affecting the environment. The study used a content analysis of annual reports produced by 148 companies for 2015. About 60% of companies disclose financial environmental information. The average level of disclosure can be assessed as low. There has been noticed a diversity of industrial sectors in terms of the number of disclosing enterprises and the extent and quality of the disclosure. The companies usually presented information regarding investment expenditure for environmental protection. There was a positive, but moderate dependence between the level of disclosure and total assets and the lack of impact of profitability, presence of dominant share of foreign capital and period of listing of the company on the stock exchange on the level of disclosure.

Index Terms—Annual report, Content analysis, financial environmental disclosure, Warsaw stock exchange.

Justyna Dyduch is with the Department of Economics, Finance and Environmental Management, Faculty of Management, AGH University of Science and Technology, Cracow, Poland (e-mail: jdyduch@zarz.agh.edu.pl).


Cite: Justyna Dyduch, "Financial Environmental Disclosure in the Annual Reports of Listed Companies in Poland," International Journal of Trade, Economics and Finance vol.8, no.3, pp. 169-174, 2017.

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