Abstract:
The purpose of this study is to examine the state of environmental reporting performance
of listed material companies in Sri Lanka. The environmental reporting performance score,
which is used as the environmental reporting state, measures and determinants by utilizing
profitability, financial leverage, and multinational characteristics. This study used panel
data consisting of 19 listed materials industries in Sri Lanka out of 23 listed materials
industries companies as a sample for the period of 2015-2020. This research is conducted
based on secondary data. Data will be obtained from the financial reports and websites of
sample listed materials companies and information from the website of CSE from 2015 to
2020. STATA used to analyze data. The random-effect model was chosen to examine the
impact of determinant factors and the state of environmental reporting performance. Based
on the study's research findings, it was determined that Sri Lanka is making constant
progress toward achieving the desired state of environmental reporting performance,
despite the fact that it has not yet reached that level. Further, the findings of the study are
that the profitability, financial leverage and multinational characteristics contribute to
positive significance to the state of environmental reporting performance of listed materials
industries in Sri Lanka. It means that using profitability, financial leverage and
multinational characteristics significantly affect the state of environmental reporting of the
listed companies in the materials industries. Stakeholders and managers will be able to use
the results and findings from the results of this study and they can make more reliable and
effective decisions.
