Abstract:
The purpose of this study is to examine the determinants of Environmental Disclosure
Practices of Listed Materials Companies in Sri Lanka. The environmental disclosure
information score used as level of environmental disclosure practices measures and
measure the determinant factors by using size of the firm, profitability, listing age,
financial leverage and multinational characteristics. This study used panel data
consisting of l9 listed materials companies in Sri Lanka out of 23 listed material
companies as a sample for the period of 2015-2020. This research is conducting based
on secondary data. Data will be obtained from the financial reports and websites of
sample listed materials companies and information from the website of CSE from
2015 to 2020. STATA used to analyze data. The random-effect model was chosen to
examine the impact of determinant factors and level of environmental disclosure
information.
The findings of the study are the size of the firm, profitability and multinational
characteristics contributes to positive significance to the level of environmental
disclosure information and listing age and financial leverage contributes to negative
significance to the level of environmental disclosure information of listed materials
companies in Sri Lanka. It means the using size of the firm, profitability, listing age,
financial leverage and multinational characteristics significantly affecting the level of
environmental disclosure information of the listed companies in materials sector.
Stakeholders and managers will be able to use the results and findings from the results
of this study and they can make more reliable and effective decisions
