IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i14p11406-d1200276.html
   My bibliography  Save this article

Discovering Hidden Associations among Environmental Disclosure Themes Using Data Mining Approaches

Author

Listed:
  • Ece Acar

    (Department of Business Administration, Faculty of Business, Yasar University, Izmir 35100, Turkey)

  • Görkem Sarıyer

    (Department of Business Administration, Faculty of Business, Yasar University, Izmir 35100, Turkey)

  • Vipul Jain

    (Operations and Supply Chain Management, Wellington School of Business and Government, Wellington 6012, New Zealand)

  • Bharti Ramtiyal

    (Department of Management Studies, Graphic Era (Deemed to be University), Dehradun 248002, India)

Abstract

Environmental concerns play a crucial role in sustainability and public opinion on supply chains. This is why, how, and to what extent the firms experience environmental-related actions and inform their stakeholders, which is under discussion by most researchers. This paper aims to leverage data mining and its capabilities by applying association rule mining to the environmental disclosure context. With the aim of extracting hidden relationships between environmental disclosure themes for BIST 100 firms serving the Turkish supply chain, this research implements a novel association rule mining approach and uses the Apriori algorithm. With this purpose, the environmental information of BIST 100 firms was collected manually from sustainability reports; the raw data were processed; and the following seven themes identified the representing firms’ disclosure items: environmental management, climate change, energy management, emissions management, water management, waste management, and biodiversity management. The results indicate various hidden relations between the sector and disclosures, allowing us to generate sector-based rules between environmental disclosure themes.

Suggested Citation

  • Ece Acar & Görkem Sarıyer & Vipul Jain & Bharti Ramtiyal, 2023. "Discovering Hidden Associations among Environmental Disclosure Themes Using Data Mining Approaches," Sustainability, MDPI, vol. 15(14), pages 1-14, July.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:14:p:11406-:d:1200276
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/14/11406/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/14/11406/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marisa Agostini & Daria Arkhipova & Chiara Mio, 2023. "Corporate accountability and big data analytics: is non-financial disclosure a missing link?," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 14(7), pages 62-89, January.
    2. Ravi Kumar, P. & Ravi, V., 2007. "Bankruptcy prediction in banks and firms via statistical and intelligent techniques - A review," European Journal of Operational Research, Elsevier, vol. 180(1), pages 1-28, July.
    3. Halil Emre Akbaş & Seda Canikli, 2018. "Determinants of Voluntary Greenhouse Gas Emission Disclosure: An Empirical Investigation on Turkish Firms," Sustainability, MDPI, vol. 11(1), pages 1-24, December.
    4. Hian Chye Koh & Chan Kee Low, 2004. "Going concern prediction using data mining techniques," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 19(3), pages 462-476, April.
    5. Halme, Minna & Huse, Morten, 1997. "The influence of corporate governance, industry and country factors on environmental reporting," Scandinavian Journal of Management, Elsevier, vol. 13(2), pages 137-157, June.
    6. Iordanis M. Eleftheriadis & Evgenia G. Anagnostopoulou, 2015. "Relationship between Corporate Climate Change Disclosures and Firm Factors," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 780-789, December.
    7. Fuzhong Chen & Muzzammil Hussain & Jawad Ahmad Khan & Ghulam Mustafa Mir & Zeeshan Khan, 2021. "Voluntary disclosure of greenhouse gas emissions by cities under carbon disclosure project: A sustainable development approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 719-727, July.
    8. Raghunathan Krishankumar & Arunodaya Raj Mishra & Pratibha Rani & Fausto Cavallaro & Kattur Soundarapandian Ravichandran, 2023. "A Novel Integrated q-Rung Fuzzy Framework for Biomass Location Selection with No Apriori Weight Choices," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    9. Ziegler, Andreas & Busch, Timo & Hoffmann, Volker H., 2011. "Disclosed corporate responses to climate change and stock performance: An international empirical analysis," Energy Economics, Elsevier, vol. 33(6), pages 1283-1294.
    10. Chrysovalantis Gaganis, 2009. "Classification techniques for the identification of falsified financial statements: a comparative analysis," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 16(3), pages 207-229, July.
    11. Stephen J. Brammer & Stephen Pavelin, 2006. "Corporate Reputation and Social Performance: The Importance of Fit," Journal of Management Studies, Wiley Blackwell, vol. 43(3), pages 435-455, May.
    12. Zeng, Lijun & Wang, Bingcheng & Fan, Liu & Wu, Jianguo, 2016. "Analyzing sustainability of Chinese mining cities using an association rule mining approach," Resources Policy, Elsevier, vol. 49(C), pages 394-404.
    13. Al-Tuwaijri, Sulaiman A. & Christensen, Theodore E. & Hughes, K. II, 2004. "The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach," Accounting, Organizations and Society, Elsevier, vol. 29(5-6), pages 447-471.
    14. Clarkson, Peter M. & Li, Yue & Richardson, Gordon D. & Vasvari, Florin P., 2008. "Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis," Accounting, Organizations and Society, Elsevier, vol. 33(4-5), pages 303-327.
    15. repec:eme:maj000:02686900410524436 is not listed on IDEAS
    16. Antonina Kloptchenko & Tomas Eklund & Jonas Karlsson & Barbro Back & Hannu Vanharanta & Ari Visa, 2004. "Combining data and text mining techniques for analysing financial reports," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 12(1), pages 29-41, January.
    17. Robert G. Eccles & George Serafeim & Michael P. Krzus, 2011. "Market Interest in Nonfinancial Information," Journal of Applied Corporate Finance, Morgan Stanley, vol. 23(4), pages 113-127, December.
    18. Marisa Agostini & Daria Arkhipova & Chiara Mio, 2023. "Corporate accountability and big data analytics: is non-financial disclosure a missing link?," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 14(7), pages 62-89, January.
    19. Robert G. Eccles & Michael P. Krzus & George Serafeim, 2011. "Market Interest in Nonfinancial Information," Harvard Business School Working Papers 12-018, Harvard Business School.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Grigoris Giannarakis & Andreas Andronikidis & Nikolaos Sariannidis, 2020. "Determinants of environmental disclosure: investigating new and conventional corporate governance characteristics," Annals of Operations Research, Springer, vol. 294(1), pages 87-105, November.
    2. Qiu, Yan & Shaukat, Amama & Tharyan, Rajesh, 2016. "Environmental and social disclosures: Link with corporate financial performance," The British Accounting Review, Elsevier, vol. 48(1), pages 102-116.
    3. Walid Ben‐Amar & Philip McIlkenny, 2015. "Board Effectiveness and the Voluntary Disclosure of Climate Change Information," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 704-719, December.
    4. Idoya Ferrero-Ferrero & María Ángeles Fernández-Izquierdo & María Jesús Muñoz-Torres, 2016. "The Effect of Environmental, Social and Governance Consistency on Economic Results," Sustainability, MDPI, vol. 8(10), pages 1-16, October.
    5. Faizul Haque & Collins G Ntim, 2018. "Environmental Policy, Sustainable Development, Governance Mechanisms and Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 27(3), pages 415-435, March.
    6. Krishnamurti, Chandrasekhar & Velayutham, Eswaran, 2018. "The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 65-81.
    7. Wong, Jin Boon & Zhang, Qin, 2022. "Stock market reactions to adverse ESG disclosure via media channels," The British Accounting Review, Elsevier, vol. 54(1).
    8. Dwi Ratmono & Darsono Darsono & Selviana Selviana, 2021. "Effect of Carbon Performance, Company Characteristics and Environmental Performance on Carbon Emission Disclosure: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 101-109.
    9. Zam Zuriyati Mohamad & Hatijah Mohamed Salleh & Nur Diyana Ismail & Ibrahim Tamby Chek, 2014. "Does Quality of Non-Financial Information Disclosure Influence Firms’ Profitability in Malaysia?," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(4), pages 297-306, October.
    10. Karaman, Abdullah S. & Orazalin, Nurlan & Uyar, Ali & Shahbaz, Muhammad, 2021. "CSR achievement, reporting, and assurance in the energy sector: Does economic development matter?," Energy Policy, Elsevier, vol. 149(C).
    11. Varsha Sehgal & Naval Garg & Jagvinder Singh, 2023. "Impact of sustainability performance & reporting on a firm’s reputation," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(1), pages 228-240, February.
    12. Wolfgang Schultze & Ramona Trommer, 2012. "The concept of environmental performance and its measurement in empirical studies," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(4), pages 375-412, January.
    13. Lopin Kuo & Chin‐Chen Yeh & Hui‐Cheng Yu, 2012. "Disclosure of Corporate Social Responsibility and Environmental Management: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 19(5), pages 273-287, September.
    14. Roth, Victoria, 2021. "Talking is Silver, Doing is Gold? – The Influence of Corporate Social Responsibility on Corporate Financial Performance," Junior Management Science (JUMS), Junior Management Science e. V., vol. 6(3), pages 637-672.
    15. Giovanni Catello Landi & Francesca Iandolo & Antonio Renzi & Andrea Rey, 2022. "Embedding sustainability in risk management: The impact of environmental, social, and governance ratings on corporate financial risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 1096-1107, July.
    16. Wenting Lu & Naiping Zhu & Jing Zhang, 2021. "The Impact of Carbon Disclosure on Financial Performance under Low Carbon Constraints," Energies, MDPI, vol. 14(14), pages 1-19, July.
    17. Florian Mueller, 2014. "Portfolio Performance Implications of Environmental, Social and Governance based Asset Selection," Working Papers 2014-02, Faculty of Economic Sciences, University of Warsaw.
    18. Hongquan Chen & Saixing Zeng & Han Lin & Hanyang Ma, 2017. "Munificence, Dynamism, and Complexity: How Industry Context Drives Corporate Sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 26(2), pages 125-141, February.
    19. X. Meng & S. Zeng & C. Tam & X. Xu, 2013. "Whether Top Executives’ Turnover Influences Environmental Responsibility: From the Perspective of Environmental Information Disclosure," Journal of Business Ethics, Springer, vol. 114(2), pages 341-353, May.
    20. Grigoris Giannarakis & Eleni Zafeiriou & Nikolaos Sariannidis, 2017. "The Impact of Carbon Performance on Climate Change Disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1078-1094, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:14:p:11406-:d:1200276. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.