Deterrence effects of disclosure: The impact of environmental information disclosure on emission reduction of firms

2021 ◽  
pp. 105680
Author(s):  
Daqian Shi ◽  
Caiqi Bu ◽  
Huiyuan Xue
Keyword(s):  
Information Disclosure ◽  
Emission Reduction ◽  
Environmental Information ◽  
Environmental Information Disclosure ◽  
The Impact

Does environmental information disclosure affect the performance of energy-intensive firms’ borrowing ability? Evidence from China

2018 ◽  
Vol 29 (5) ◽  
pp. 685-705 ◽  
Author(s):  
Haiqing Hu ◽  
Chun-Ping Chang ◽  
Minyi Dong ◽  
Wei-Na Meng ◽  
Yu Hao
Keyword(s):  
Capital Market ◽  
Information Disclosure ◽  
Cost Of Capital ◽  
Environmental Information ◽  
Influential Factors ◽  
Environmental Information Disclosure ◽  
Loan Size ◽  
The Cost ◽  
The Impact ◽  
Positive Effect

In recent years, a growing strand of China’s listed companies chose to disclose environmental information, which may potentially affect their financial performance then further influence its performance of financial supports. To quantitatively investigate the impact of enterprise’s environmental information disclosure on the ability of firms’ borrowing in China, this paper divides the measurements of information disclosure into five categories and evaluates firms’ performance in capital market through its availability of a loan and the cost of capital. In total, 97 listed energy-intensive companies in China are selected and their data covering the period of 2000–2014 are utilized for empirical study. The empirical results indicate that enterprise’s environmental information disclosure appears to have a significantly positive effect on the loan size available, while the cost of capital is less sensitive to environmental information disclosure. The empirical evidence also suggests that, among the five aspects of information disclosure measurements, the future plan and monetary information are the most influential factors of the cost of capital.

scholarly journals The Impact of Mandatory Environmental Information Disclosure and the Green Innovation of Pollution-Intensive Companies? Evidence From China

2021 ◽  
Author(s):  
Qianghua Guo ◽  
Yidan Wei
Keyword(s):  
Information Disclosure ◽  
Natural Experiment ◽  
Stock Exchange ◽  
Emerging Countries ◽  
Environmental Information ◽  
Small Companies ◽  
Green Innovation ◽  
Environmental Information Disclosure ◽  
The Impact ◽  
Positive Effect

Abstract Based on the Guidelines of the Shanghai Stock Exchange on Environmental Information Disclosure for Listed Companies issued in 2008, this paper constructs a quasi-natural experiment and uses the did method to study the impact of mandatory environmental information disclosure on the green innovation of pollution-intensive companies in China. The results show that mandatory environmental information disclosure can significantly promote the green innovation of pollution-intensive companies by strengthening the company's motivation and pressure to comply with the regulation; in addition, the positive effect is more obvious in state-owned companies, small companies and companies with poor information condition in pollution-intensive industries. This paper enriches the literature of mandatory environmental information disclosure and offers guidance for policymakers seeking to improve environmental information disclosure policies in emerging countries.

scholarly journals The Impact of Environmental Information Disclosure Quality on Loan Scale for Enterprises in China’s Heavy Polluting Industries

2021 ◽  
Vol 261 ◽  
pp. 04018
Author(s):  
Jianfei Shen ◽  
Yidan Chen
Keyword(s):  
Information Disclosure ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Bank Loans ◽  
Economic Consequences ◽  
Bank Loan ◽  
Disclosure Quality ◽  
Environmental Disclosure ◽  
Environmental Information Disclosure ◽  
The Impact

In view of the importance of environmental accounting to ecological governance, this article attempts to study the economic consequences of environmental information disclosure quality (EID) from the perspective of bank financing. We assume that good environmental information disclosure quality can help companies obtain bank loan, and then test this conjecture through empirical methods. The data of 330 listed companies in China’s heavy polluting industries were collected, and then analysed by SPSS for regression. The result shows that EID is positively related to the scale of corporate bank loan, which means the improvement of EID can bring convenience when companies need bank loans. The research clarifies the financial consequences of EID and provides some enlightenment for the improvement of corporate environmental disclosure quality.

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.

scholarly journals Environmental Information Disclosure and Financial Performance – Empirical Evidence from Heavily Polluting Industries in China

2021 ◽  
Vol 261 ◽  
pp. 04038
Author(s):  
Jianfei Shen ◽  
Yidan Chen
Keyword(s):  
Financial Performance ◽  
Information Disclosure ◽  
Multiple Regression Model ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Development Capacity ◽  
Current Asset ◽  
Environmental Information Disclosure ◽  
Asset Turnover ◽  
The Impact

Focusing on the quality of corporate environmental accounting information disclosure (EID), this paper attempts to explore the impact of financial performance on environmental information disclosure. We take listed companies in Chinese heavily polluting industries as the research object, and construct a multiple regression model for data analysis via SPSS. According to Chinese practice, we divide the financial indicators into four areas: solvency, operating capacity, profitability and development capacity, and select four indicators to represent them. The empirical results show that net working capital, current asset turnover and equity growth rate are positively correlated with EID, and return on total assets is negatively correlated with EID. This result means that the solvency, operating ability and development ability in financial performance can promote the improvement of EID, but profitability cannot.

scholarly journals Impact of Environmental Information Disclosure on Certified Public Accountant Audit of Chinese Listed Companies in the Energy Industry

2020 ◽  
Vol 5 (2) ◽  
pp. 377-390
Author(s):  
Dawei Xue ◽  
Jiashan Wang ◽  
Zhiwei Zhu
Keyword(s):  
Information Disclosure ◽  
Audit Fees ◽  
Listed Companies ◽  
Environmental Information ◽  
Energy Industry ◽  
Certified Public Accountant ◽  
Chinese Listed Companies ◽  
Environmental Information Disclosure ◽  
Audit Opinions ◽  
The Impact

AbstractThis paper sets up an individual fixed-effect model. Taking environmental information disclosure index and independent report as an alternative to environmental information disclosure, this paper studies the impact of environmental information disclosure on Certified Public Accountants’ audit fees and audit opinions. The results show that the environmental information disclosure level of the Chinese listed companies in the energy industry is positively correlated with the audit fees of CPA, and negatively correlated with the issuance of non-standard audit opinions, but whether the disclosure of independent reports has no significant impact on audit fees.

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