IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v36y2023i1p116-142.html
   My bibliography  Save this article

The relationship between environmental disclosure and financial performance: mediating effect of economic development and information penetration

Author

Listed:
  • Haixia Wu
  • Jianping Li

Abstract

What’s the relationship between environmental disclosure and financial performance? To answer this question, our study focus on the heavy polluting enterprises in China from 2008 to 2019 to investigate the relationship between environmental disclosure and financial performance as well as the mediating effect of provincial level characteristics namely economic development and information penetration using hierarchical linear model (HLM). Findings show that there is positive relationship between both mandatory environmental disclosure and voluntary environmental disclosure and financial performance; economic development positively relates to corporate financial performance, and it also strengthens the relationship between environmental disclosure and financial performance; information penetration positively relates to corporate financial performance, but it weakens the relationship between environmental disclosure and financial performance. As time goes on, corporate financial performance will significantly rise in general.

Suggested Citation

  • Haixia Wu & Jianping Li, 2023. "The relationship between environmental disclosure and financial performance: mediating effect of economic development and information penetration," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 116-142, January.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:1:p:116-142
    DOI: 10.1080/1331677X.2022.2072355
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2022.2072355
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2022.2072355?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gratiela Georgiana Noja & Bianca Raluca Baditoiu & Alexandru Buglea & Valentin Partenie Munteanu & Diana Corina Gligor Cimpoieru, 2024. "The impact of environmental, social and governance policies on companies’ financial and economic performance: A comprehensive approach and new empirical evidence," E&M Economics and Management, Technical University of Liberec, Faculty of Economics, vol. 27(1), pages 121-144, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:36:y:2023:i:1:p:116-142. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.