Research on the Impact of Environmental Information Disclosure Index on Enterprise Value

DOI

10.2991/icoeme-18.2018.15How to use a DOI?

Keywords

environmental disclosure index; firm value; relation

Abstract

Enterprises are increasingly damaging to the environment. In order to protect the environment and implement the strategy of sustainable development, the community has paid more attention to these problems, so the disclosure of environmental information is becoming more and more important. We select 94 listed companies of heavy polluting industries in Shanghai stock exchange as research samples. The relationship between corporate environmental disclosure index and firm value is studied by multiple linear regressions. The results show that the corporate environmental disclosure index has a significant negative correlation with the firm value. That is, the higher the enterprise environmental information disclosure index is, the lower the firm value is. Meanwhile, the study also shows that the net profit margin on sales has a significant positive correlation with the firm value, and the capital density has a significant negative correlation with the firm value.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Gao Jianlai
AU  - Wang Youyuan
PY  - 2018/11
DA  - 2018/11
TI  - Research on the Impact of Environmental Information Disclosure Index on Enterprise Value
BT  - Proceedings of the 2018 International Conference on Economy, Management and Entrepreneurship (ICOEME 2018)
PB  - Atlantis Press
SP  - 93
EP  - 98
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-18.2018.15
DO  - 10.2991/icoeme-18.2018.15
ID  - Jianlai2018/11
ER  -