Environmental Disclosure And Accounting Conservatism Considering Different Stages Of The Corporate Life Cycle
Keywords:
Environmental Disclosure, Accounting Conservatism, Corporate Life Cycle.Abstract
This study investigates the relationship between environmental disclosure and the degree of accounting conservatism among firms listed on the Tehran Stock Exchange. To achieve this, two separate empirical models were developed to examine the association between environmental disclosure and both conditional and unconditional accounting conservatism. The study is applied in purpose and employs a descriptive–ex post facto research design in terms of data collection. The statistical population includes all firms listed on the Tehran Stock Exchange from 2015 to 2022. After screening, a total of 140 firms (1,120 firm-year observations) were analyzed. The findings indicate that: (1) the level of accounting conservatism varies significantly across corporate life cycle stages, and (2) environmental disclosure practices are influenced by a firm’s life cycle stage. Furthermore, the results suggest that firms in the maturity stage exhibit stronger alignment between environmental reporting and conservative financial practices compared to firms in the growth or decline stages. The study also highlights that regulatory pressure and stakeholder expectations play critical roles in shaping disclosure strategies throughout the corporate life cycle. These insights contribute to a deeper understanding of how corporate characteristics influence transparency and reporting behavior in emerging markets.
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