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Research On The Impact Of Environmental Information Disclosure On Corporate Financial Performance

Posted on:2023-04-30Degree:MasterType:Thesis
Country:ChinaCandidate:Q YinFull Text:PDF
GTID:2531306800471214Subject:Accounting
Abstract/Summary:PDF Full Text Request
With the continuous development of China’s economy,the industrialization capacity has been significantly improved,but it has also brought serious environmental problems.In order to effectively protect the environment from serious damage while achieving economic development,the concept of sustainable development has become one of the important concepts of China’s economic development.Steel is an extremely important strategic resource,playing a key role in economic development and social construction.Steel enterprises can develop rapidly.The rapid development of iron and steel enterprises has brought serious environmental problems.With the increasing emphasis on environmental protection in my country,the environmental information disclosure of listed iron and steel enterprises has become the focus of relevant departments and stakeholders.Corporate environmental information disclosure is the link between corporate economic activities and environmental protection,and plays a very important role.Although Chinese government departments have formulated a series of regulations and policies according to the actual situation,they all hope to regulate the environmental information disclosure of enterprises and promote the sustainable development of enterprises.However,from the actual situation in recent years,environmental information disclosure has not attracted the attention of most enterprises,and there are still some problems,such as: the disclosure is too simple,the disclosure form is not uniform,and the disclosure level is not high.Therefore,the role of environmental information disclosure on corporate performance of steel companies should be investigated in depth.This study will not only use empirical analysis to investigate the association between environmental information disclosure behavior and corporate performance of steel companies,but also to investigate the relationship between environmental information disclosure behavior and corporate performance of steel companies,and at the same time conducts a case analysis of Liugang,and puts forward corresponding suggestions and countermeasures.This paper first reviews the current research status of domestic and foreign scholars.Then it defines the concepts related to environmental information disclosure and financial performance,and introduces the relevant theories,including sustainable development theory,stakeholder theory,information asymmetry theory and social responsibility theory.Then,Liushan Iron and Steel Co.,Ltd.was selected as the object of case analysis,and analyzed from the reasons of Liushan Iron and Steel Corporation’s environmental information disclosure,the status of environmental information disclosure,financial performance and the impact of environmental information disclosure on financial performance,and found that Liushan Iron and Steel Corporation’s environmental information disclosure The impact on financial performance is positive.Finally,the research results are summarized and corresponding suggestions are made from three aspects: government,enterprises and media and the public.
Keywords/Search Tags:Environmental information disclosure, Financial Performance, Sustainable Development
PDF Full Text Request
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