The article aims to show the main current directions in terms of environmental liabilities assessment and accounting …

, making voluntary accounting disclosures of the liability more likely. 3. If a significant decline in stakeholder tolerance of …) its pollution propensity increases; (2) outsiders' knowledge of its environmental liabilities increases; and (3) the risk … of incurring proprietary costs decreases. Empirical support is found for the hypotheses, based on the accounting …