Environmental disclosure and financial performance: An empirical study of Malaysia, Thailand and Singapore

This study was carried out to examine the relationship between environmental disclosure and financial performance among the companies in Malaysia, Singapore and Thailand that voluntarily disclose environmental information in their financial reports. Two hundred and fifty (250) companies listed in Bursa Malaysia, Singapore Stock Exchange and Thailand Stock Exchange were studied in the current study. From the 250 companies analyzed, 56 companies from Malaysia, 37 companies from Thailand and 15 companies from Singapore were identified as environmental reporting companies and included in the study's sample. The study hypothesizes that high performance companies are more likely to have detailed (that is, one paragraph or more) environmental disclosure. The results however suggest that the performance of the company has no relationship to the production of detailed or superficial (that is, a few sentences) environmental disclosure.