The Impact of Environmental Disclosure Level on the Operating Performance of Overseas Subsidiaries

Yaofeng Li () and Pei Yu
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Yaofeng Li: Wuhan University of Technology, School of Economics
Pei Yu: Wuhan University of Technology, School of Economics

A chapter in Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), 2024, pp 651-656 from Springer

Abstract: Abstract With the rising concern for sustainable development in countries around the world, environmental information disclosure has become an important consideration for enterprises to participate in international competition and compliance. At the same time, whether an enterprise undertakes environmental responsibility and contributes to the sustainable development of the local society in its cross-border operations will also affect its ability to operate overseas. The overseas subsidiaries of 631 listed enterprises in China from 2011 to 2020 are taken as samples to empirically test the hypotheses proposed in this paper. The results show that the improvement of environmental information disclosure level can effectively enhance the financial performance of overseas subsidiaries of Chinese multinational corporations. Meanwhile, the regression results of this paper's empirical results are still significant after passing the endogeneity test and the robustness test, which indicates that the findings of this paper have good robustness.

Keywords: Environmental information disclosure level; Legitimacy; Subsidiary; Performance (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-459-4_73

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