企业环境信息披露水平、污染性行业特征与财务绩效  

Corporate Environmental Information Disclosure Level,Characteristics of Polluting Industries and Financial Performance

作　　者：谭思铭 张慧颖[1] Tan Siming;Zhang Huiying(College of Management and Economics,Tianjin University,Tianjin 300072,China)

机构地区：[1]天津大学管理与经济学部,天津300072

出　　处：《天津大学学报（社会科学版）》2024年第1期75-82,共8页Journal of Tianjin University：Social Sciences

基　　金：国家社科基金重大项目(21&ZD102).

摘　　要：当前,中国经济高速发展,然而环境问题却层出不穷。随着政府和公众对环保问题的日益重视,上市公司面临着不断加大的强制性披露压力,这就要求企业积极寻求环境信息披露与财务绩效的平衡。文章以2015—2019年A股的2959家上市公司为样本,采用面板数据混合回归模型实证研究了环境信息披露水平和财务绩效的关系及滞后效应,并分析了污染性行业特征的调节作用。结果表明:环境信息披露水平和财务绩效呈显著正相关关系,污染性行业特征起到了正向调节作用。Currently,China’s economy is developing rapidly,but environmental issues have emerged endlessly.With the increasing attentions of the government and the public to environmental protection issues,listed companies are facing increasing compulsory disclosure pressure,which requires enterprises to actively seek a balance between environmental information disclosure and financial performance.The article takes 2959 A-share listed companies from 2015 to 2019 as samples and uses a mixture regression model of panel data to empirically study the relationship and lag effect between environmental information disclosure level and financial performance,and analyzes the moderating effect of polluting industry characteristics.The results show that the level of environmental information disclosure and financial performance have significantly positive correlations,and the characteristics of polluting industry have played positive adjustment roles.

关 键 词：企业环境信息披露水平 污染性行业特征 财务绩效 

分 类 号：F230[经济管理—会计学]