The Value Relevance of Environmental Audits
What is it about?
We examine whether firms’ environmental audits positively affect their market values and whether third-party assurance strengthens positive effects, using value relevance theory as a theoretical foundation.
Why is it important?
Environmental audits are implemented internally in order to monitor compliance with environmental laws, regulations and related accounting rules, and to develop recommendations for ways in which to improve environmental accounting processes and performance. In addition, external third-party assurance on environmental information is used to verify whether firms’ disclosures on environmental information are in compliance with environmental accounting rules and regulations.
The following have contributed to this page: Professor Bumjin Park
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