Environmental information disclosure and firm performance

This study investigates the association of environmental information disclosure and corporate financial performance for the steel industry. This study uses A-share steel industry listed companies in Shanghai Stock Exchange from 2010 to 2014. The environmental information disclosure includes environmental financial and non-financial information. The result shows that there is a negative association between environmental financial disclosure and firm performance. This study also finds no association between environmental non-financial disclosure and firm performance. Environmental non-financial disclosure is more difficult to be quantified and therefore has no effect on enterprise financial performance.