Empirical Study on the Impact of Environmental Information Disclosure in Pharmaceutical Industry on the Profitability of Enterprises

Abstract

The pharmaceutical industry is recognized as an industry with "high pollution and high energy consumption". In recent years, with the further promotion of national environmental protection policies, the responsibility of disclosure environmental information of pharmaceutical companies has also become the focus of attention. This paper narrates the correlation and action mechanism between the quality of environmental information disclosure in the pharmaceutical industry and the profitability of enterprises, and selects 19 representative enterprises in the pharmaceutical industry from 2012 to 2015 as research objects to make an empirical analysis. The analysis found that the disclosure level of environmental information in the pharmaceutical industry is highly positively correlated with the profitability of enterprises, that is, the higher the level of environmental information disclosure, the stronger the profitability of enterprises. In the increasingly serious environmental pollution situation, pharmaceutical companies should take the ARTICLE DETAILS ARTICLE HISTORY: