CORPORATE ENVIRONMENTAL DISCLOSURE AND ECONOMIC PERFORMANCE OF COMPANIES IN THE LIBYAN MANUFACTURING SECTOR

Year 2016, Volume: 8 Issue: 2, 53 - 83, 01.12.2016

Kamal Mahmes

Abstract

This paper examines the influence of Corporate Environmental Disclosure (CED) on
economic performance in Libya. A representative group of the Libyan accounting
community was surveyed to provide their views and perceptions of CED. The study was
conducted on 8 largest companies operating in the manufacturing sector in Libya. A
survey questionnaire was used to collect data. The results indicate that there is a
significant influence of company's environmental disclosure on economic performance,
suggesting that, the better the economic performance of a company, the greater its social
responsibility. The paper is based on a small sample of manufacturing firms. However,
findings will bring efficient contributions to the other studies dealing with the accounting
harmonization. The majority of studies on CED are still embedded in the economic and
organisational contexts of developed world. This research aims to address this gap by
focusing on the CED framework of developing nations such as Libya.

Keywords

Disclosure, Corporate environmental responsibility, Environmental disclosure, Manufacturing companies, Libya

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