Browse by author
Lookup NU author(s): Professor David Campbell
Full text for this publication is not currently held within this repository. Alternative links are provided below where available.
In responding to the mixed evidence on the decision-usefulness of environmental disclosures to capital market participants, this paper examines the decision-usefulness, to sell-side bank analysts, of annual report environmental narratives. In doing so it focuses mainly on the materiality of environmental reporting and the perceived importance of environmental risks in the assessment of bank risk profile and valuation. Noting that banks themselves have recognised the importance of environmental filtration of loan decisions, this paper seeks to examine the attitudes of a prominent reporting user group (19 London-based sell-side bank analysts) towards environmental reporting and the materiality of environmental risks. Findings showed that recognition of the materiality of environmental risks in banks is uncommon among sell-side analysts and that environmental narratives are often ignored and regarded as perfunctory. The findings are discussed in terms of the role of analysts in the reporting information ‘supply chain’ and how the analysts’ frame of reference may limit the inclusion of longer-term issues, such as the environment, in their analysis.
Author(s): Campbell D, Slack R
Publication type: Article
Publication status: Published
Journal: British Accounting Review
Year: 2011
Volume: 43
Issue: 1
Pages: 54-64
Print publication date: 24/11/2010
ISSN (print): 0890-8389
ISSN (electronic): 1095-8347
Publisher: Academic Press
URL: http://dx.doi.org/10.1016/j.bar.2010.11.002
DOI: 10.1016/j.bar.2010.11.002
Altmetrics provided by Altmetric
