The purpose of this study is to investigate the association between environmental performance of firms and the level of voluntary environmental disclosure in emerging markets.,We used tobit regression OLS and t-test methods to reveal the association between environmental performance and the level of voluntary environmental disclosure.,We find a significant positive association between the level of discretionary environmental disclosures and corporate environmental performance. The result is in line with the arguments of economics disclosure theory that argues environmentally good performers disclose more.,Many of the environmentally good firms in Turkey are also listed in the “BIST Sustainability Index,” and this situation can be the result of the relative power of external regulations. Accordingly, it can be suggested to increase the community and governmental pressures for environmental reporting but also gives importance to increase intrinsic motivations for companies to engage in disclosure practices.,This study shed light on relation between environmental performance and environmental disclosure in an emerging market context. Also, it is revisited that the relation between environmental performance and the level of environmental disclosure by testing two different predictions on the level of environmental disclosures.

中文翻译：

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新兴市场背景下企业环境绩效与环境披露的实证分析

本研究旨在探讨新兴市场企业环境绩效与自愿环境披露水平之间的关联。,我们采用tobit回归OLS和t检验方法揭示了环境绩效与自愿环境披露水平之间的关联。 ,我们发现酌情环境披露水平与企业环境绩效之间存在显着的正相关。结果符合经济学披露理论的论点，即环境良好表现者披露更多。,土耳其的许多环境良好公司也被列入“BIST可持续发展指数”，这种情况可以是相对的结果外部监管的力量。因此，可以建议增加社区和政府对环境报告的压力，但也重视增加公司参与披露实践的内在动机。本研究阐明了新兴市场背景下环境绩效与环境披露之间的关系。此外，通过测试对环境披露水平的两种不同预测，重新审视了环境绩效与环境披露水平之间的关系。