... everyday practise of the companies, and the suggestions of the interested parties both in United Kingdom and overseas. 1. THE POSITIVE ACCOUNTING THEORY AND THE ENVIRONMENTAL REPORTING 1. a. A brief description of ER disclosure and PAT During the last decades companies started to pay an increasing attention to the social and environmental disclosure in their annual reports. This seems to be happened due to several reasons like the increasing power of the pressure groups as the labour units or the environmental organizations, the increasing interest of the public and the local governments about the ecological disasters and the environmental pollution; but basically because of the governments' willingness to take action about the protection of the eco-system. Those reasons made the companies' management to realize that they had to move from the Classical Economic Theory which suggested that the only objective of a company is to provide the maximum possible profit ...

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