Does the Establishment of the Ministry of Environmental Protection Matter for Addressing China's Pollution Problems? Empirical Evidence from Listed Companies

Xu, Weihua; Xu, Guangdong

doi:10.2139/ssrn.2849969

Cited by 1 publication

(1 citation statement)

References 40 publications

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“…Environmental punishment does not reduce the absolute pollution reduction level of firms, and increases the debt cost and market risk of enterprises (Y.K. Xu et al, 2020) [13] . The public consider the disclosure of environmental information will damage the ecological environment, thus causing adverse effects on the corporate reputation and hindering the promotion of corporate value (J.L.…”

Section: Environmental Information Disclosure and Firm Performancementioning

confidence: 99%

Environmental Information Disclosure, Reputation Capital and Performance of Enterprises under the Development Mode of Ecological Economy

Zhao¹

2023

Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022

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Over the past decades, the rapid development of economy has deepened environmental pollution. This paper investigates whether companies with high level of environmental information disclosure enjoy higher corporate performance under the development mode of ecological economy, and how reputation capital affects this relationship. To test this hypothesis, this study uses a sample of 161 Chinese listed pharmaceutical companies from 2015 to 2019. Strong evidence has been found that the disclosure of environmental information will hinder corporate performance, and the increase of environmental information disclosure will reduce corporate performance. In addition, through factor analysis of reputation capita, this study finds that good reputation capital can improve corporate performance, and reputation capital has a negative impact on environmental information disclosure and corporate performance. These results resolve, to some extent, the existing divergence of interests of enterprises with respect to environmental activities and ecological economy.

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Section: Environmental Information Disclosure and Firm Performancementioning

confidence: 99%

Environmental Information Disclosure, Reputation Capital and Performance of Enterprises under the Development Mode of Ecological Economy

Zhao¹

2023

Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022

View full text Add to dashboard Cite

show abstract

Does the Establishment of the Ministry of Environmental Protection Matter for Addressing China's Pollution Problems? Empirical Evidence from Listed Companies

Cited by 1 publication

References 40 publications

Environmental Information Disclosure, Reputation Capital and Performance of Enterprises under the Development Mode of Ecological Economy

Environmental Information Disclosure, Reputation Capital and Performance of Enterprises under the Development Mode of Ecological Economy

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