Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China
For a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai a...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-09-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019499/full |
| _version_ | 1811257833644097536 |
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| author | Fengjiao Long Fengjiao Long Qin Chen Lu Xu Jian Wang László Vasa |
| author_facet | Fengjiao Long Fengjiao Long Qin Chen Lu Xu Jian Wang László Vasa |
| author_sort | Fengjiao Long |
| collection | DOAJ |
| description | For a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai and Shenzhen stock markets from 2015 to 2019. The results show that state-owned equity can improve the level of corporate environmental information disclosure; however, it mainly affects financial environmental information disclosure. Media attention also improves the level of corporate environmental information disclosure, but only for non-financial environmental information. Moreover, media attention and state-owned equity have a certain substitution effect on environmental information disclosure: a higher state-owned equity ratio weakens the positive effect of media attention on environmental information disclosure. To improve environmental information disclosure, the government must clarify disclosure standards to improve the comparability of environmental information. In addition, media and shareholders can fully leverage their external and internal supervisory roles to promote the environmental responsibilities of firms. Our findings can be useful for further promoting corporate environmental information disclosure and developing relevant policies. |
| first_indexed | 2024-04-12T18:03:42Z |
| format | Article |
| id | doaj.art-d5e4fafa84bf416ab1b2719f52aa3a0b |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-12T18:03:42Z |
| publishDate | 2022-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-d5e4fafa84bf416ab1b2719f52aa3a0b2022-12-22T03:22:03ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-09-011010.3389/fenvs.2022.10194991019499Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of ChinaFengjiao Long0Fengjiao Long1Qin Chen2Lu Xu3Jian Wang4László Vasa5College of Economics and Management, Fujian Agriculture and Forestry University, Fuzhou, ChinaDepartment of International Business, Fuzhou Melbourne Polytechnic, Fuzhou, ChinaCollege of Economics and Management, Fujian Agriculture and Forestry University, Fuzhou, Chinachool of Economics, Fujian Normal University, Fuzhou, ChinaSchool of Economics, Lanzhou University, Lanzhou, ChinaSchool of Economics, Széchenyi István University, Győr, HungaryFor a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai and Shenzhen stock markets from 2015 to 2019. The results show that state-owned equity can improve the level of corporate environmental information disclosure; however, it mainly affects financial environmental information disclosure. Media attention also improves the level of corporate environmental information disclosure, but only for non-financial environmental information. Moreover, media attention and state-owned equity have a certain substitution effect on environmental information disclosure: a higher state-owned equity ratio weakens the positive effect of media attention on environmental information disclosure. To improve environmental information disclosure, the government must clarify disclosure standards to improve the comparability of environmental information. In addition, media and shareholders can fully leverage their external and internal supervisory roles to promote the environmental responsibilities of firms. Our findings can be useful for further promoting corporate environmental information disclosure and developing relevant policies.https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019499/fullmedia attentionsustainable developmentstate-owned equityenvironmental informationgreen recovery |
| spellingShingle | Fengjiao Long Fengjiao Long Qin Chen Lu Xu Jian Wang László Vasa Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China Frontiers in Environmental Science media attention sustainable development state-owned equity environmental information green recovery |
| title | Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China |
| title_full | Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China |
| title_fullStr | Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China |
| title_full_unstemmed | Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China |
| title_short | Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China |
| title_sort | sustainable corporate environmental information disclosure evidence for green recovery from polluting firms of china |
| topic | media attention sustainable development state-owned equity environmental information green recovery |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019499/full |
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