E3S Web Conf.
Volume 261, 20212021 7th International Conference on Energy Materials and Environment Engineering (ICEMEE 2021)
|Number of page(s)||4|
|Section||Environmental Ecological Restoration and Energy Saving, Environmental Protection and Emission Reduction|
|Published online||21 May 2021|
Environmental Information Disclosure and Financial Performance – Empirical Evidence from Heavily Polluting Industries in China
School of Economics and Management, North China Electric Power University, Beijing, 102206, China
* Corresponding author: email@example.com
Focusing on the quality of corporate environmental accounting information disclosure (EID), this paper attempts to explore the impact of financial performance on environmental information disclosure. We take listed companies in Chinese heavily polluting industries as the research object, and construct a multiple regression model for data analysis via SPSS. According to Chinese practice, we divide the financial indicators into four areas: solvency, operating capacity, profitability and development capacity, and select four indicators to represent them. The empirical results show that net working capital, current asset turnover and equity growth rate are positively correlated with EID, and return on total assets is negatively correlated with EID. This result means that the solvency, operating ability and development ability in financial performance can promote the improvement of EID, but profitability cannot.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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