79847 20200716101451.0 doi 10.1080/02102412.2019.1591880 sideral 112277 ART-2019-112277 eng (orcid)0000-0002-0385-2263 Acerete, Basilio Universidad de Zaragoza Analysis of environmental financial reporting in the Spanish toll roads sector 2019 Access copy available to the general public Unrestricted There is a great variety of environmental financial reporting as regards content, extension and how it is included in the annual accounts. Spain and, in particular, the toll roads sector was amongst the first to be required to disclose environmental information. These concessionaires have also been affected by changes in domestic and international accounting regulation. The first objective of the paper is to analyse the quality of environmental financial reporting in the Spanish toll roads sector and its evolution after International Financial Reporting Standards (IFRS) implementation. The second is to compare the reporting behaviour of concessionaires with that of their parent companies. The third is to test what institutional mechanisms influence environmental disclosure. Content analysis has been applied for the period 1999-2015. Results show a minimum environmental reporting level focused merely on complying with regulation requirements, without a useful content revealing the integration of environmental issues into the companies'' management. The implementation of IFRS has not improved environmental disclosure and, in some cases, has even worsened it. In addition, under institutional theory, results show that some institutional factors (regulation and sub-sector) explain the environmental financial reporting behaviour of the companies analysed. info:eu-repo/grantAgreement/ES/DGA/S33-17R info:eu-repo/grantAgreement/ES/MICINN/ECO2015-66240-P info:eu-repo/grantAgreement/ES/MINECO/ECO2016-74920-C2-1-R info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.275 2019 BUSINESS, FINANCE 73 / 108 = 0.676 2019 Q3 T3 0.283 2019 Accounting 2019 Q3 Finance 2019 Q3 Economics and Econometrics 2019 Q3 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion (orcid)0000-0002-1615-9505 Gasca, Mar Universidad de Zaragoza (orcid)0000-0001-8020-0229 Llena, Fernando Universidad de Zaragoza 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 48, 4 (2019), 430-463 Rev. esp. financ. contab. Spanish journal of finance and accounting / Revista española de financiacion y contabilidad 0210-2412 611682 http://zaguan.unizar.es/record/79847/files/texto_completo.pdf Versión publicada 70817 http://zaguan.unizar.es/record/79847/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:79847 articulos driver 2020-07-16-09:06:31 ARTICLE