The relationship between environmental information disclosure and firm valuation: the role of corporate governance

2015 ◽  
Vol 50 (3) ◽  
pp. 1135-1151 ◽  
Author(s):  
Mao-Chang Wang
Keyword(s):  
Corporate Governance ◽  
Information Disclosure ◽  
Environmental Information ◽  
Firm Valuation ◽  
Environmental Information Disclosure ◽  
The Relationship

Analysing and evaluating environmental information disclosure in universities: the role of corporate governance, stakeholders and culture

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jesús Mauricio Flórez-Parra ◽  
Maria Victoria Lopez-Perez ◽  
Antonio M. López Hernández ◽  
Raquel Garde Sánchez
Keyword(s):  
Information Disclosure ◽  
Stakeholder Participation ◽  
Environmental Information ◽  
Content Type ◽  
Environmental Actions ◽  
Determining Factors ◽  
Environmental Information Disclosure ◽  
Internal And External Factors ◽  
The University

Purpose The purpose of this paper is to analyse the internal and external factors related to the disclosure of environmental information in universities which reflect the actions carried out in these universities. Design/methodology/approach Taking as reference the first 200 universities in the Shanghai ranking, several factors associated with the degree of environmental information disclosure in universities – governance dimension, the relationship and participation of stakeholders, position and prestige as signs of the quality of the institution and cultural concern in the university’s country for the environment – are analysed. Findings The results obtained show that the size of the leadership team, stakeholder participation, the position of the university in rankings and cultural concern in the university’s country for the environment are determining factors in the university’s environmental actions and, consequently, in their disclosure. Other factors – such as the size of the university, the level of self-financing and financial autonomy – do not affect the disclosure of environmental information. Originality/value Scant research exists on the environmental commitments of universities; this paper aims to fill that gap. Their role as the main channel of research and as instructors of future professionals makes them points of reference in society. Research on university ranking has traditionally focussed on teaching and research results, but environmental issues are becoming increasingly important. This paper enumerates the factors that influence the dissemination of environmental information in the most prestigious universities. This research also provides an original approach by considering not only top-down but also bottom-up strategies through communication channels and the incidence of cultural factors.

Does policy uncertainty affect corporate environmental information disclosure: evidence from China

2020 ◽  
Vol 11 (5) ◽  
pp. 903-931 ◽  
Author(s):  
Yue Pan ◽  
Qiuping Chen ◽  
Pengdong Zhang
Keyword(s):  
Information Disclosure ◽  
Negative Relationship ◽  
Environmental Information ◽  
Policy Uncertainty ◽  
Appraisal System ◽  
Environmental Disclosure ◽  
Content Type ◽  
Environmental Information Disclosure ◽  
The Government ◽  
The Relationship

Purpose The purpose of this study is to investigate whether and how policy uncertainty affect corporate environmental information disclosure. Design/methodology/approach This study conducts a difference-in-difference estimation and systematically investigates the relationship between policy uncertainty and corporate environmental information disclosure. The baseline regression results are robust to a series of robustness and endogeneity tests. Findings The authors show that firms located in cities with stronger policy uncertainty disclose less information on environmental issues. Furthermore, this negative relationship is stronger in the Midwest and in pre-industrial regions and for stated-owned firms and firms in highly polluting industries. Practical implications This study argues that policy uncertainty reduce the corporate disclosure of environmental information. Therefore, the results provide evidence on how to better emphasize the importance of green gross domestic product in the performance appraisal system for officials. Social implications This study confirms that corporate environmental disclosure is a response to public pressure. The results encourage the government and the public to increase corporate awareness of environmental protection. Originality/value This study contributes to the literature in the following ways. First, the authors provide a new perspective to study the relationship between policy uncertainty and corporate finance. Second, it contributes to the literature on corporate environmental information disclosure by linking policy uncertainty with firms’ disclosure of environmental information. Third, this study is a serious attempt to solve the problem of endogeneity between policy uncertainty and corporate environmental information disclosure.

scholarly journals The Relationship between Environmental Information Disclosure and Profitability: A Comparison between Different Disclosure Styles

2019 ◽  
Vol 16 (9) ◽  
pp. 1556 ◽  
Author(s):  
Hua Yin ◽  
Mingyu Li ◽  
Yuan Ma ◽  
Qiang Zhang
Keyword(s):  
Information Disclosure ◽  
Least Squares Method ◽  
Least Square Method ◽  
Environmental Information ◽  
Least Square ◽  
Policy Implications ◽  
Corporate Managers ◽  
Environmental Information Disclosure ◽  
Research Gap ◽  
The Relationship

Combined with the existing research gap, this paper divides firms’ environmental information disclosure styles into two types: Substantive style and symbolic style. This paper elaborates on the relationship between environmental information disclosure and firms’ profitability of these two disclosure types and tests this relationship using the data from 676 firms employed from the heave-polluting industry. Considering the endogenous and heteroscedasticity problems, 2-stage least squares method and weighted least square method were adopted. The results showed that (1) positive relationships exist between environmental information disclosure and profitability for both types; and (2) the contribution of symbolic-style disclosure to profitability is larger than that of substantive-style disclosure. These findings are important for corporate managers and highlight some policy implications in developing countries.

Impact of Corporate Governance on Environmental Information Disclosure-Evidence from China

2013 ◽  
Vol 448-453 ◽  
pp. 4314-4318 ◽  
Author(s):  
Ke Peng ◽  
Tong Tong Xu ◽  
Guo Fang Ning
Keyword(s):  
Corporate Governance ◽  
Information Disclosure ◽  
Supervisory Board ◽  
Environmental Information ◽  
Independent Directors ◽  
Environmental Disclosure ◽  
Environmental Information Disclosure ◽  
The Impact ◽  
A Share

This study examined the impact of corporate governance on environmental information disclosure in the China context. Our data was based on Shanghai A-share companies for the period 2008 to 2011. We examined the effect of corporate governance from different aspects. We found that Outstanding shares rate, State-holding ratio, and CEO/Chairman duality negatively affect environmental disclosure index (EDI) significantly; Proportion of independent directors, supervisory board and board sizes positively affect EDI significantly. Our results indicate that in China, corporate governance does influence the extent of environmental information disclosure significantly.

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