Research on the Relationship Between Environmental Information Disclosure Quality and Financial Performance

Baojuan Shi (), Zuting Zheng and Lihua Zhang
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Baojuan Shi: North China University of Science and Technology, College of Economics
Zuting Zheng: North China University of Science and Technology, College of Economics
Lihua Zhang: North China University of Science and Technology, College of Economics

A chapter in Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022), 2023, pp 37-46 from Springer

Abstract: Abstract Nowadays the problem of environmental pollution has become more and more prominent. By studying the coupling and coordination between environmental information disclosure quality and financial performance, guide companies to attach importance to environmental problems, take the public companies in the pharmaceutical industry from the heavy pollution industries in China as the research object, and apply the coupling model in physics to calculate the coupling coordination degree between the environmental information disclosure quality and financial performance. The results show that in 2015–2019 the coupling coordination degree of 160 public companies in the pharmaceutical industry is not high, most companies are in a state of maladjustment, only a few companies can reach the level of junior coordination. However, this state of maladjustment has been gradually changing. By 2019, most companies has reached the level of slight maladjustment. In China Both the government and companies should think highly of the environmental information disclosure quality and the companies should pursue the coordinated development of company performance and environmental protection.

Keywords: Environmental information disclosure; Financial performance; Coupling model (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-2-494069-99-2_5

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DOI: 10.2991/978-2-494069-99-2_5

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