Quality of environmental information disclosure and enterprise characteristics

2019 ◽  
Vol 30 (5) ◽  
pp. 963-979 ◽  
Author(s):  
Jianshu Wang ◽  
Bo Zhang
Keyword(s):  
Information Disclosure ◽  
Local Economic Development ◽  
Stock Exchange ◽  
Environmental Information ◽  
Disclosure Quality ◽  
Content Type ◽  
Factors Affecting ◽  
Efficiency And Effectiveness ◽  
Environmental Information Disclosure

Purpose Based on several important environmental protection and information disclosure policies that have been issued in China, the purpose of this paper is to test the relationship between characteristics and the environmental information disclosure quality of sample companies. Design/methodology/approach The OLS regression analysis is selected for this research which takes China’s heavy pollution companies listed on the Shanghai Stock Exchange from 2015 to 2016 as samples. Findings The quality of these environmental information disclosures needs to be strengthened, and while the quality of the disclosures among the companies examined improved significantly in 2016 compared with 2015, there are still high variations in quality from industry to industry. In addition, the scale of company is most closely correlated to the quality of environmental information disclosure and the economic situation of the enterprises is the next. Other factors affecting the disclosure quality include in order the degree of local economic development the scale of the state-owned shares and the independent directors. Listed years and equity restriction show a positive correlation but not significant in statistics. Originality/value The research will assist administrative organizations to allocate governance sources effectively, plan governance investment as a whole, and improve the overall level of the disclosure of environmental information while strengthening the governance efficiency and effectiveness, according to the correlation and degree between the company characteristics and environmental information disclosure quality.

scholarly journals The Determinants of Environmental Disclosure Quality: Empirical Evidence from Indonesia

2021 ◽  
Vol 4 (1) ◽  
pp. 41
Author(s):  
Pricilia Angela ◽  
Sofik Handoyo
Keyword(s):  
Information Disclosure ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Environmental Information ◽  
Disclosure Quality ◽  
Environmental Disclosure ◽  
Listed Firms ◽  
Environmental Information Disclosure ◽  
The Relationship

Sustainability issues have increased the need for stakeholder toward environmental information disclosure. Quality of environmental information is pivotal for stakeholders to make a proper assessment of a firm’s environmental performance. This study examines the relationship between a firm’s characteristics and environmental disclosure quality. Firm’s characteristics in this study refer to the size, ownership concentration, age, and leverage. Content analysis of sustainability reporting was applied in this study. The study involved 33 listed firms in Indonesia Stock Exchange (IDX) that are consistently issued sustainability reporting during 2014-2016. Simultaneously test indicated that characteristics of the firm significantly explain the variance of environmental disclosure quality. However, partially test showed that leverage is the only variable significantly influenced environmental disclosure quality. 

scholarly journals Does Green Credit Policy Work in China? The Correlation between Green Credit and Corporate Environmental Information Disclosure Quality

2019 ◽  
Vol 11 (3) ◽  
pp. 733 ◽  
Author(s):  
Feng Wang ◽  
Siyue Yang ◽  
Ann Reisner ◽  
Na Liu
Keyword(s):  
Local Governments ◽  
Information Disclosure ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Environmental Information ◽  
Chinese Government ◽  
Disclosure Quality ◽  
Credit Policy ◽  
Environmental Information Disclosure ◽  
Fixed Effects Regression

Roughly a decade ago, the Chinese government implemented a green credit policy aimed at lowering emissions from highly polluting corporations through improving information disclosure quality during the loan process. According to policy guidelines, banks may provide financial support only for new projects that passed an environmental assessment or were explicitly designed to decrease pollution. This paper used panel data from 320 companies in heavy polluting industries listed on the Shanghai Stock Exchange from 2008 to 2016 and adopted a fixed effects regression model to examine whether collusion between local governments and Chinese listed companies has prevented the green credit policy from achieving its target. The results show that there is no significant positive correlation between CEID and corporate green financing, which means that the environmental information disclosure system does not send valuable signals to the market and has failed to become a decision-making tool for bank-risk management.

scholarly journals Evaluation of Environmental Information Disclosure of Listed Companies in China’s Heavy Pollution Industries: A Text Mining-Based Methodology

2021 ◽  
Vol 13 (10) ◽  
pp. 5415
Author(s):  
Rongjiang Cai ◽  
Tao Lv ◽  
Xu Deng
Keyword(s):  
Text Mining ◽  
Information Disclosure ◽  
Listed Companies ◽  
Environmental Information ◽  
Evaluation Framework ◽  
Scoring Method ◽  
Study Results ◽  
Environmental Information Disclosure ◽  
Heavy Pollution

Environmental information disclosure (EID) of listed companies is a significant and essential reference for assessing their environmental protection commitment. However, the content and form of EID are complex, and previous assessment studies involved manual scoring mainly by the experts in this field. It is subjective and has low timeliness. Therefore, this paper proposes an automatic evaluation framework of EID quality based on text mining (TM), including the EID index system’s construction, automatic scoring of environmental information disclosure quality, and EID index calculation. Furthermore, based on the EID of 801 listed companies in China’s heavy pollution industry from 2013 to 2017, case studies are conducted. The case study results show that the overall quality of the EID of listed companies in China’s heavily polluting industries is low, and there is a gap differentiation between the 16 industries. Compared with the subjective manual scoring method, TM evaluation can evaluate the quality of EID more effectively and accurately. It has great potential and can become an essential tool for the sustainable development of society and listed companies.

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.

Study on External Pressure, Firm Characteristics and the Quality of Environmental Information Disclosure of Listed Companies in China

2014 ◽  
Vol 1073-1076 ◽  
pp. 2675-2678 ◽  
Author(s):  
Yan Li ◽  
Na Li
Keyword(s):  
Information Disclosure ◽  
Structural Equation ◽  
Institutional Economics ◽  
External Pressure ◽  
Environmental Information ◽  
New Institutional Economics ◽  
Equation Modeling ◽  
Disclosure Quality ◽  
Original Intention ◽  
Environmental Information Disclosure

The listing Corporation environmental information disclosure quality manifests the enterprise communicate with the outside world of social responsibility, from the perspective of the new institutional economics, the impetus of the environmental information disclosure quality is not only determined by the characteristics of the company, the more important pressure is from outside, this is also the original intention of the paper. This paper uses the Structural Equation Modeling with the LISREL, finding how the external pressure and the features of the company determining the level of information disclosure quality, hoping to find the way improving the listing Corporation environmental information disclosure.

scholarly journals The Board Faultlines and Corporate Disclosure Quality: Based on Big Data Samples and Economic Model

2021 ◽  
Vol 251 ◽  
pp. 01043
Author(s):  
Qian Xing
Keyword(s):  
Big Data ◽  
Economic Model ◽  
Information Disclosure ◽  
Stock Exchange ◽  
Listed Companies ◽  
Corporate Disclosure ◽  
Disclosure Quality ◽  
Research Findings ◽  
The Impact

This article uses the selected data listed companies in Shenzhen Stock Exchange from 2008 to 2018 as big data samples to empirically study the impact of the board faultlines on corporate disclosure quality. Through statistical analysis and economic model, it transforms qualitative questions into quantitative questions. The results of the study show that the existence of the board faultlines will reduce the quality of information disclosure of listed companies. After a series of robustness tests, the above research findings are still robust.

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.

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