The Impact of Environmental Information Disclosure on the Firm Value of Listed Manufacturing Firms: Evidence from China

doi:10.3390/ijerph17030916

CORC > 宁波材料技术与工程研究所 > 中国科学院宁波材料技术与工程研究所 > 2020专题

	The Impact of Environmental Information Disclosure on the Firm Value of Listed Manufacturing Firms: Evidence from China
	Yang, Yongliang ; Wen, Jin ; Li, Yi
刊名	INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH
	2020
卷号	17 期号:3
关键词	BOOK-TO-MARKET CORPORATE SOCIAL-RESPONSIBILITY FINANCIAL PERFORMANCE MEDIA COMPETITION
DOI	10.3390/ijerph17030916
英文摘要	In the last decade, the public concern over environmental problems has led to the emergence of environmental regulations in firms' information disclosure on environmental practice, especially in some developing countries such as China. Based on a panel dataset composed of the listed manufacturing firms in China during 2006-2016, this paper uses the difference-in-differences (DID) model and the propensity score matching (PSM) method to investigate whether the Environmental Information Disclosure Measure (for Trial Implementation; EIDMT) affects the firm value. The results show that EIDMT exerts a significant impact on the listed manufacturing firms' value. In consideration of the firm's ownership, EIDMT plays a more important role in the firm value of non-state-owned firms than state-owned firms. Furthermore, using a PSM-DID model for eastern, central, and western China, we find that EIDMT significantly affects the firm value in eastern and western China but has little impact on central China.
学科主题	Environmental Sciences & Ecology ; Public, Environmental & Occupational Health
内容类型	期刊论文
源URL	[http://ir.nimte.ac.cn/handle/174433/20056]
专题	2020专题
作者单位	1.Li, Y (corresponding author), Ningbo Univ, Ctr Ecol Civilizat Yangtze River Delta, Ningbo 315211, Peoples R China. 2.Li, Y (corresponding author), Ningbo Univ, Fac Tourism & Culture, Int United Fac Ningbo Univ & Univ Angers, Ningbo 315201, Peoples R China. 3.Li, Y (corresponding author), Ningbo Univ, East China Sea Inst, Ningbo 315211, Zhejiang, Peoples R China.
推荐引用方式 GB/T 7714	Yang, Yongliang,Wen, Jin,Li, Yi. The Impact of Environmental Information Disclosure on the Firm Value of Listed Manufacturing Firms: Evidence from China[J]. INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH,2020,17(3).
APA	Yang, Yongliang,Wen, Jin,&Li, Yi.(2020).The Impact of Environmental Information Disclosure on the Firm Value of Listed Manufacturing Firms: Evidence from China.INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH,17(3).
MLA	Yang, Yongliang,et al."The Impact of Environmental Information Disclosure on the Firm Value of Listed Manufacturing Firms: Evidence from China".INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH 17.3(2020).