Research on the Impact of Environmental Information Disclosure on Financial Performance

Fangyi Wu

doi:10.54097/m1a3rj30

Authors

Fangyi Wu

DOI:

https://doi.org/10.54097/m1a3rj30

Keywords:

Environmental information disclosure, Financial performance, Heavy polluting enterprises, Dual carbon goals.

Abstract

In the current global context of escalating environmental concerns, it has become increasingly crucial for enterprises to disclose environmental information in order to effectively communicate their environmental performance and risk management with external stakeholders. This is particularly pertinent for publicly traded companies in heavily polluting industries, as the disclosure of environmental information not only impacts corporate reputation and image, but also directly affects their financial sustainability. Therefore, this study aims to investigate the influence of environmental information disclosure on the financial performance of publicly traded companies in heavily polluting industries, while also examining how property rights moderate this relationship. Drawing from previous research, this paper presents corresponding research hypotheses and constructs a comprehensive research model. The empirical analysis serves as the primary research method, allowing for an in-depth exploration of sample data to uncover the intricate connection between environmental information disclosure and financial performance within heavily polluting industries, as well as how property rights factor into this dynamic. Ultimately, this study contributes to enhancing our theoretical understanding of the link between environmental information disclosure and corporate financial performance, providing a scientific basis for government policy formulation and offering practical guidance for listed companies in heavily polluting industries seeking to improve both their financial sustainability and environmental performance.

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