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Can mandatory environmental information disclosure achieve a win-win for a firm's environmental and economic performance?
- Source :
-
Journal of Cleaner Production . Mar2020, Vol. 250, pN.PAG-N.PAG. 1p. - Publication Year :
- 2020
-
Abstract
- Using the Guidelines of the Shanghai Stock Exchange on Environmental Information Disclosure for Listed Companies issued in 2008 as a quasi-natural experiment, we employ DID (difference in differences) model to identify the effects of China's mandatory environmental information disclosure (MEID) on a firm's environmental and economic performance. The results show that MEID has a positive impact on the firm's environmental performance, but has a negative impact on the firm's economic performance; MEID affects the firm's environmental and economic performance by increasing environmental management activities and costs; this policy has a more significant impact on the state-owned enterprises and small and medium enterprises than on non-state-owned enterprises and large enterprises. The results remain robust in a series of robustness tests. This study offers guidance for policymakers seeking to improve environmental information disclosure policies. • Explore the effects of MEID on the firm's environmental and economic performance. • Employ DID model to identify the impact of the MEID on firm performance. • MEID has a positive impact on environmental performance, but a negative impact on economic performance. • MEID affects firm's environmental and economic performance by increasing environmental management costs. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09596526
- Volume :
- 250
- Database :
- Academic Search Index
- Journal :
- Journal of Cleaner Production
- Publication Type :
- Academic Journal
- Accession number :
- 141380313
- Full Text :
- https://doi.org/10.1016/j.jclepro.2019.119530