Shareholder’s Demand: A Determinant for the Environmental Disclosures: A Study in the Bangladesh Context

Abstract

This is an exploratory research conducted to investigate whether shareholders demand plays the role of an important determinant for Environmental Disclosures (ED) in the context of environmental reporting of Bangladeshi companies. This study relies mostly on the primary data collected through a questionnaire with five point Likert scale. Throughout this study it is evident that investors of Bangladesh are aware of the environmental cost caused by the organizations but the investment decision is not affected by their concern for environment. The paper therefore also finds that shareholders tend not to place their demand for ED to the management but their perceived notion is that if they place their demand to the management, this more likely will motivate management to respond positively and provide with more detailed ED.

Keywords: Environmental Disclosures (ED), Environmental Cost (EC), Awareness, Shareholders