| Issue |
E3S Web Conf.
Volume 637, 2025
2025 International Conference on Environmental Monitoring and Ecological Restoration (EMER 2025)
|
|
|---|---|---|
| Article Number | 02011 | |
| Number of page(s) | 6 | |
| Section | Environmental Monitoring and Pollution Control Research | |
| DOI | https://doi.org/10.1051/e3sconf/202563702011 | |
| Published online | 16 July 2025 | |
The Impact of Environmental Information Disclosure on the Profitability of China Listed Companies——Based on PSM-DID Analysis
1 Shanghai Urban Construction Vocational College, 201415 Shanghai, China
2 France Northwest A&F University, 712100 Yangling, China
* Corresponding author: liyansong2153@126.com
Environmental Information Disclosure (EID) has become an important reference standard to judge corporate value, thus affecting the profitability of enterprises. This study takes the year of 2008 as the policy watershed of EID disclosure and takes the data of 72 listed construction and mining companies in Shanghai and Shenzhen of China in 2010 and 2022 as the research samples. According to whether EID is carried out, it is divided into treatment group and control group. Return on equity (ROE) and earnings per share (EPS) are selected as the profitability evaluation indexes of listed companies. DID propensity score matching model (PSM-DID) is adopted to study the impact of EID on the profitability of listed companies. The results show that the EID policy has a significant impact on both the construction and mining industries: the EID degree of listed companies in the construction industry increased by 1.619, and by 1.232 in the mining industry. However, the implementation of EID policy has not significantly affected the profitability of listed companies. It is suggested that the government should expand the scope of EID and standardize the content and format of enterprise information disclosure.
© The Authors, published by EDP Sciences, 2025
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.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.