• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms Jessica C. Xiao
    • Abstracting/ Indexing: Engineering & Technology Library,  Electronic Journals Library, Ulrich's Periodicals Directory, MESLibrary, Google Scholar, Crossref, and ProQuest.
    • E-mail: joebm@ejournal.net
JOEBM 2014 Vol.2(2): 117-121 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2014.V2.109

Determining the Motives or Reasons that Make Companies Disclose Environmental Information

Ali Aldrugi and Hafez Abdo
Abstract—This paper presents an empirical investigation into environmental disclosure practices of oil and gas companies operating in Libya. It aims at exploring key motives for oil and gas companies operating in Libya for disclosing environmental information in their annual report. Hence, the paper seeks to answer the following questions: What motivate companies in Libya to disclose and pursue environmental information? In answering this question and meeting the aims of the research questionnaire method was used to collect data. Key factors were proposed based on previous studies namely: reputation, legal requirements, meeting society expectations, society pressures and economic factors. A total of 115 questionnaires were collected from 43 local and foreign companies operating in the Libyan oil and gas sector. The results indicate that foreign companies considered issues such as Reputation, Expectations of society, Legal requirements, Pressures of society and Economic factors as motives that encourage them to disclose environmental information. On the other hand the investigation refuel that local companies accept just Reputation and society Pressures of as motives that encourage them to disclose environmental information.

Index Terms—Company, disclosure, environmental, Libya, oil.

Ali Aldrugi is with the Faculty of Economics and Commerce AlMergeb University- Libya (e-mail: N0237405@ntu.ac.uk).
Hafez Abdo is with the Nottingham Business School.

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Cite:Ali Aldrugi and Hafez Abdo, "Determining the Motives or Reasons that Make Companies Disclose Environmental Information," Journal of Economics, Business and Management vol. 2, no. 2, pp. 117-121, 2014.

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