Green accounting disclosure and firm market value: evidence from Jordan

Altarawneh, HY, Al-Hajaya, K, Eltweri, A, Alrawashdeh, W and Sawan, N (2025) Green accounting disclosure and firm market value: evidence from Jordan. Management and Sustainability. ISSN 2752-9819

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Abstract

Purpose: The main objective of the study was to address the patterns and development in green accounting (GA) made by the industrial companies listed on the Amman Stock Exchange, Jordan, during 2013–2023, with the end goal of revealing the power of the GA disclosure practices on the market value (MV) of those firms. Design/methodology/approach: The corporate annual reports have been examined using content analysis through a disclosure index to recognize the patterns of GA disclosures. OLS regression has been applied to test the hypothesis regarding the impact of GA disclosure on market value. Findings: The multivariate results show that green accounting has a positive and statistically significant impact on MV for the listed manufacturing companies on the ASE. Practical implications: The study has various implications for corporate managers, policymakers, and regulators in developing countries by providing a diagnostic tool for the status quo of green accounting disclosure, showcasing their contribution toward green production and the economy. Therefore, for corporate managers, the finding may draw attention to the role of transparent GA disclosure, which can enhance a company’s reputation, attract investors, and maximize firm value. Policymakers and regulators can utilize the findings to develop regulatory policies that standardize environmental reporting and promote sustainable business practices. Originality/value: The present study is the first comprehensive investigation to collectively address aspects of green accounting disclosures, enriching and extending the GA literature by examining their implications for firm value.

Item Type:	Article
Additional Information:	This author accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please contact permissions@emerald.com
Uncontrolled Keywords:	35 Commerce, Management, Tourism and Services; 3501 Accounting, Auditing and Accountability; 3502 Banking, Finance and Investment; 3507 Strategy, Management and Organisational Behaviour; 50 Philosophy and Religious Studies; 5001 Applied Ethics; Generic health relevance
Subjects:	H Social Sciences > HF Commerce > HF5001 Business
Divisions:	Liverpool Business School
Publisher:	Emerald
Date of acceptance:	13 April 2025
Date of first compliant Open Access:	5 June 2025
Date Deposited:	05 Jun 2025 10:40
Last Modified:	05 Jun 2025 11:00
DOI or ID number:	10.1108/MSAR-11-2024-0210
URI:	https://researchonline.ljmu.ac.uk/id/eprint/26519

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