Green Innovation, Environmental Information Disclosure and Firm Value

Yunlu Pan ()
Additional contact information
Yunlu Pan: Wuhan University of Technology

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 558-569 from Springer

Abstract: Abstract Under the background of the “dual carbon” strategy, China attaches more and more importance to high-quality green development, which requires firms to assume environmental responsibility, formulate green and sustainable plans, and take the initiative to respond to national policies. This paper selected the panel data of A-share listed firms in the Shanghai and Shenzhen Stock Exchange from 2008 to 2020 to conduct an empirical study on the relationship between green innovation and firm value. The results show that green innovation has a significant positive effect on firm value: firms with strong green innovation capability have higher firm value. Meanwhile, the positive moderating effect of environmental information disclosure on the relationship between green innovation and firm value is further tested. This paper provides a theoretical basis for firms to balance economic and environmental benefits and maximize benefits.

Keywords: Green Innovation; Environmental Information Disclosure; Firm Value (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-036-7_83

Ordering information: This item can be ordered from
http://www.springer.com/9789464630367

DOI: 10.2991/978-94-6463-036-7_83

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().