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.