Corporate environmental performance, environmental information disclosure, and financial performance: Evidence from China

2017 ◽  
Vol 23 (2) ◽  
pp. 323-339 ◽  
Author(s):  
Dayuan Li ◽  
Yini Zhao ◽  
Yan Sun ◽  
Duanjinyu Yin
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Information Disclosure ◽  
Environmental Information ◽  
Corporate Environmental Performance ◽  
Environmental Information Disclosure

scholarly journals The Effects of Environmental Performance and Environmental Information Disclosure on Financial Performance in Companies Listed on the Indonesia Stock Exchange

2019 ◽  
Vol 7 (11) ◽  
pp. 67-77
Author(s):  
Mikial Msy
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Information Disclosure ◽  
Stock Exchange ◽  
Environmental Information ◽  
Global Reporting Initiative ◽  
Sustainability Disclosure ◽  
Environmental Information Disclosure ◽  
The Cost ◽  
Sustainability Report

The objective of this study was to examine the effects of environmental performance and environmental information disclosure on financial performance in companies listed on the Indonesia Stock Exchange. The population in this study amounted to 20 companies listed on the Indonesia Stock Exchange, issued an Annual Report and Sustainability Report and included in the Sustainability Disclosure Database of the Global Reporting Initiative (GRI). The data used in the form of secondary data obtained from annual reports and sustainability reports of companies listed on the Indonesia Stock Exchange from 2013 to 2016. The numbers of observations in this study were 80. The analysis technique used was Partial Least Square (PLS). The novelty in this study is to measure environmental performance based on outcomes, namely environmental costs incurred by the company rather than compliance with regulations. The cost of a well-managed environment will improve environmental performance because there are efficient use of resources. The results of this study indicate that eenvironmental performance has no significant effect on financial performance, environmental information disclosure has a significant effect on financial performance. Disclosure of environmental information has a negative effect on financial performance, it shows that if the disclosure of environmental information is more equipped and in accordance with the disclosure guidelines, the cost is not small so that it will reduce financial performance. Research limitation that environmental costs is difficult to obtain so that the population is limited to companies listed on the IDX that have a Sustainability Report and are included in the Sustainability Disclosure Database of the Global Reporting Initiative. Disclosure of environmental information which is the result of the implementation environmental management accounting has not been done by all companies, because it is still voluntary is not mandatory. The suggestion of the research, the Indonesian Accountants Association is expected to form separate standards for measuring and reporting environmental cost information and standardized. For other researchers who are interested in researching environmental accounting can develop other variables for a longer time and the number of companies that publish more Sustainability Reporting.

The Value of Climate Change Reporting of Firms

2015 ◽  
Vol 6 (4) ◽  
pp. 90-103
Author(s):  
Constancio Zamora-Ramirez ◽  
Jose M. Gonzalez-Gonzalez
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Panel Data Analysis ◽  
Environmental Information ◽  
Conclusive Evidence ◽  
Share Price ◽  
Environmental Information Disclosure ◽  
The Relationship

Existing literature has not yet provided fully conclusive evidence on the relationship between the level of companies' carbon disclosure, as one type of environmental information disclosure, and their financial performance. This paper studies carbon disclosure through the Carbon Disclosure Project (CDP) and observes its effect on financial performance by means of a test double carried out in the Spanish financial market. Market response to the publication of CDP reports was monitored through an event study and studying how the CDP score impacts companies' share price using a model based in Ohlson, (1995) and developing a panel data analysis. The results confirm that the market responds to the disclosure of environmental information with an incremental effect on financial performance, which furthermore corroborates the fact that companies with better environmental performance have higher levels of environmental information disclosure, as predicted by the voluntary disclosure theory.

scholarly journals Government Environmental Information Disclosure and Environmental Performance: Evidence from China

2021 ◽  
Vol 13 (12) ◽  
pp. 6854
Author(s):  
Xiaoya Zhu ◽  
Yunli Zhu ◽  
Xiaohua Meng
Keyword(s):  
Environmental Performance ◽  
Local Governments ◽  
Information Disclosure ◽  
Environmental Governance ◽  
Eastern China ◽  
Policy Instrument ◽  
Environmental Information ◽  
Western China ◽  
Ecological Environment ◽  
Environmental Information Disclosure

Government environmental information disclosure (GEID) is a key policy instrument in environmental governance. Local governments in China are improving the disclosure level of environmental information, but does the environmental information disclosed by local governments reflect the existing state of the local ecological environment? This paper analyzes the correlation between GEID and environmental performance and verifies whether or not the environmental information disclosed by local governments can reflect actual local ecological environment conditions. Based on data from Chinese cities, this paper adopts a multiple regression method, and the results show that the environmental information disclosed by governments can reflect the local environmental performance as a whole, and the higher the level of GEID, the better the local environmental performance; but the relationship between the two has significant regional differences. In eastern China, the higher the level of GEID, the better the local environmental performance. In central and western China, the correlation between GEID and environmental performance is not significant. In addition, it should be noted that the correlation between the level of GEID and the emission intensity of water pollutants is not significant in all regions. This study contributes to further clarifying the effectiveness of GEID policy and identifying a breakthrough for the optimization of environmental policies faced with the dilemma of serious environmental pollution and urgent economic development needs.

scholarly journals DISCLOSURE OF ENVIRONMENTAL INFORMATION FOR THE EXAMPLE OF BULGARIAN THERMAL POWER PLANTS

2018 ◽  
Vol 6 ◽  
pp. 333-337
Author(s):  
Tsvetomir L. Manolov
Keyword(s):  
Environmental Performance ◽  
Information Disclosure ◽  
Power Plants ◽  
Thermal Power ◽  
Financial Statements ◽  
Environmental Information ◽  
Thermal Power Plants ◽  
Qualitative Information ◽  
Environmental Information Disclosure ◽  
Environmental Performance Assessment

Growing pressure on businesses to disclose environmental information also implies an increase in the volume of such disclosures. This article is an attempt to present the guidelines and to assess the levels of environmental information disclosure in Bulgaria.Companies, which were identified as the most responsible for air pollution, are thermal power plants. We have studied only these, which produce electricity. A checklist, containing 17 environmental performance assessment criteria, was developed and was completed based on the information, disclosed in the companies' annual financial statements, their activity reports and their websites. Based on a comparative analysis of the quantitative and qualitative information, disclosed by examined companies, we discovered that most companies disclose quantity environmental information, largely neglecting qualitive information. Taking into account the character of their activity, they should disclose more environmental information, especially qualitive information.

scholarly journals THE FACTORS AFFECTING THE ENVIRONMENTAL INFORMATION REPORTING OF LISTED COMPANIES IN VIETNAM

2020 ◽  
Vol 37 (01) ◽  
Author(s):  
NGUYEN THI MAI HUONG ◽  
NGUYEN THI KIM TUYEN ◽  
DO KHANH LY
Keyword(s):  
Research And Development ◽  
Environmental Performance ◽  
Information Disclosure ◽  
Financial Statements ◽  
Environmental Information ◽  
Factors Affecting ◽  
Information Reporting ◽  
Environmental Information Disclosure ◽  
Resource Ownership ◽  
Real Value

The success of many organizations depends on the level of resource ownership, the real value of the expertise, the research and development activities, the interaction with the environment and society where they operate ... Thus, the description of resources according to the traditional expression of financial statements (FS) of Vietnamese enterprises has not met the demand of using information of stakeholders in the integration trend. Therefore, the paper is designed to analyze the factors affecting environmental information disclosure and propose solutions to enhance the responsibility for environmental performance, to meet the compliance with international practices and increasing the transparency of the stock market in Vietnam in the spirit of Circular 155/2015 / TT-BTC of listed enterprises.

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.

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