scholarly journals Regional Fiscal Competition and Corporate Environmental Information Disclosure: Provincial-Level Evidence From China

2019 ◽  
Vol 12 ◽  
pp. 194008291983991 ◽  
Author(s):  
Hong Tao Chen ◽  
Wei Han ◽  
Mao Lin An
Keyword(s):  
Environmental Regulation ◽  
Indirect Effects ◽  
Local Governments ◽  
Information Disclosure ◽  
Listed Companies ◽  
Regulatory Effect ◽  
Economic Competition ◽  
Race To The Bottom ◽  
Environmental Information Disclosure

The race to the bottom theory of environmental regulation mainly refers to state or local governments competing to lower their environmental regulation standards in pursuit of their own interests. Since the reform of the Chinese tax distribution system in 1994, local governments have encouraged economic competition through various industrial subsidies and tax preferences. Moreover, in China’s political system, which promotes fiscal decentralization and economic competition, competition has provided local governments with the opportunity to race to the bottom by secretly reducing the environmental regulations of enterprises to obtain financial returns and promote capital. Using the race to the bottom theory of environmental regulation, this article identifies the land revenue data and environmental information disclosure (EID) quality data of listed companies in China from 2012 to 2014 and uses the hierarchical linear model to study the direct and indirect effects of local governments’ financial competition on the EID of listed companies in their jurisdictions. It was found that (a) Regional financial competition does not directly influence the quality of an enterprise’s EID but has a significant negative regulatory effect. (b) The higher the degree of regional competition, the more obvious the negative regulatory effect. (c) The financial competitiveness of tropical and subtropical regions in China is higher than that of other regions, and the EID quality of enterprises in these regions is lower. (d) Governmental financial competition in tropical and subtropical regions regulates the quality of EID of listed companies in their jurisdictions through indirect effects on enterprises with different ownership and profitability; However, with the exception of tropical and subtropical regions, this phenomenon is not significant in other provinces.

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.

scholarly journals Analysis on Environmental Information Disclosure of Listed Companies in Heavy Pollution Industries in Shandong Province

2021 ◽  
Vol 9 (4) ◽  
Author(s):  
Xuan Wang
Keyword(s):  
Information Disclosure ◽  
Listed Companies ◽  
Environmental Information ◽  
Current Situation ◽  
Shandong Province ◽  
Environmental Information Disclosure ◽  
Heavy Pollution ◽  
Countermeasures And Suggestions ◽  
Different Levels

Based on the research samples of Listed Companies in heavy pollution industries in Shandong Province, this paper studies the current situation of their environmental information disclosure, finds out the problems existing in the environmental information disclosure of such companies, analyzes the causes of the problems from different levels, and finally puts forward countermeasures and suggestions to improve the environmental information disclosure of Listed Companies in heavy pollution industries, in order to provide some reference for improving the level and quality of environmental information disclosure of Listed Companies in heavy pollution industry.

Intellectual Capital Disclosure in Sustainability Reports

2013 ◽  
pp. 195-214 ◽  
Author(s):  
Giovanni Bronzetti ◽  
Romilda Mazzotta ◽  
Graziella Sicoli ◽  
Maria Assunta Baldini
Keyword(s):  
Content Analysis ◽  
Intellectual Capital ◽  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Listed Companies ◽  
Global Reporting Initiative ◽  
Voluntary Disclosures ◽  
Sustainability Reports ◽  
Sustainability Report

The purpose of this chapter is to analyze the level and the quality of voluntary disclosures of Intellectual Capital (IC) in the sustainability reports on a sample of Italian listed companies. The authors conducted an analysis of twelve sustainability reports for two years (2009-2010). These are related to six firms selected among the most capitalized 37 Italian listed companies. To investigate the “level of disclosure,” the authors identified the presence of IC information, while to evaluate the “IC quality,” they constructed a voluntary disclosure index based on content analysis. IC information disclosure is more likely present in sustainability reports of firms with a higher levels of application of the Global Reporting Initiative framework. The results confirm that the sustainability report can adequately represent the intellectual capital, especially in order to understand its role in the firm and the interaction with other variables present in the firm.

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 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.

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