Value of Enterprise Environmental Information Disclosure: Contradictions from Capital Market and Questionnaire Investigation

被引:0
|
作者
Wang Huai-ye [1 ]
Bi Qian [2 ]
机构
[1] Chongqing Univ Sci & Technol, Plan & Finance Dept, Chongqing 401331, Peoples R China
[2] Southwest Univ, Coll Econ & Management, Chongqing 400715, Peoples R China
来源
2015 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING - 22ND ANNUAL CONFERENCE PROCEEDINGS, VOLS I AND II | 2015年
关键词
environmental information disclosure; environmental policy; questionnaire; value; LEGITIMACY;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Enterprise environmental information disclosure, as the tool that enterprises transmit their environmental performance information to the outside and the approach that societies supervise enterprise environmental protection activities, is concerned increasingly. Through empirical test, this paper finds that environmental information disclosure has no effect on company value. Using questionnaire survey, we find the truth is that now investors think enterprise environmental information disclosure is very important, but has no decision value. Thus, this paper considers that in order to solve the contradiction, we must take the following measures: improving level of enterprise environmental information disclosure, and creating compulsory and workable environmental information disclosure system. This research also provides a few of evidence to support the production of "the guidelines on environmental information disclosure of listed companies".
引用
收藏
页码:853 / 858
页数:6
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