RESEARCH ARTICLE
The impact of the amount of environmental information disclosure on financial performance: The moderating effect of corporate internationalization
Yi Yang,
Congxu Yao,
Ying Li,
Corresponding Author
Yi Yang
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Correspondence
Yi Yang, School of Economics and Management, Xi'an University of Technology, Xi'an 710054, China.
Email: yangyi_nwpu@xaut.edu.cn
Search for more papers by this authorCongxu Yao
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Search for more papers by this authorYing Li
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Search for more papers by this authorYi Yang,
Congxu Yao,
Ying Li,
Corresponding Author
Yi Yang
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Correspondence
Yi Yang, School of Economics and Management, Xi'an University of Technology, Xi'an 710054, China.
Email: yangyi_nwpu@xaut.edu.cn
Search for more papers by this authorCongxu Yao
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Search for more papers by this authorYing Li
School of Economics and Management, Xi'an University of Technology, Xi'an, 710054 China
Search for more papers by this authorFunding information: National Office for Philosophy and Social Sciences, Grant/Award Number: 15XJL009; Shaanxi Provincial Science and Technology Department, Grant/Award Numbers: 2018KRLY07, 2020JM-467; Xi'an Science and Technology Bureau, Grant/Award Number: 2017109SF/RK003-(5)
Abstract
Based on the data of A-share heavily polluting listed companies in China from 2010 to 2017, this study uses content analysis and multiple linear regression to investigate the effect of the amount of corporate environmental information disclosure on financial performance and the moderating effect of corporate internationalization on this relationship. The results confirm the significant negative impact of the amount of environmental information disclosure on financial performance, while corporate internationalization has a positive moderating effect on this relationship. The degree of regional marketization and corporate ownership influences this moderating effect. Thus, a mandatory disclosure mechanism with a legal basis and clear standards is necessary, but should include diverse policies and improved incentive mechanisms in light of the differences in regional development in China. In addition, international organizations should encourage companies to increase their international operations. The robustness test shows that the results are reliable.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
Supporting Information
| Filename | Description |
|---|---|
| csr2010-sup-0001-supinfo.docxWord 2007 document , 63.2 KB | Appendix S1: supporting information |
Please note: The publisher is not responsible for the content or functionality of any supporting information supplied by the authors. Any queries (other than missing content) should be directed to the corresponding author for the article.
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