Facilitating or inhibiting? The impact of environmental information disclosure on enterprise investment value

Feng, Yu; Guo, Bingnan; Wang, Xu; Hu, Feng

doi:10.1007/s11356-023-31583-5

Cited by 8 publications

(6 citation statements)

References 63 publications

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“…The strength and effectiveness of environmental regulations in different regions may significantly influence the outcomes of such studies. As a pivotal policy tool, environmental regulatory intensity plays a crucial role in fostering environmental protection and pollution control 55 . This paper adopts the method of Chen and Chen 56 , utilizing Python to segment and analyze keywords related to environmental regulation (such as environmental protection, pollution, energy consumption, emission reduction, discharge, ecology, green, low-carbon, air, chemical oxygen demand, sulfur dioxide, carbon dioxide, PM10, and PM2.5) in city government reports.…”

Section: Resultsmentioning

confidence: 99%

Impact of the digital economy on carbon dioxide emissions in resource-based cities

Kuang,

Fan,

Bin

et al. 2024

Sci Rep

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With the rapid development of the digital economy, its environmental impact, particularly on carbon dioxide emissions in resource-based cities, has emerged as a vital research topic. Resource-based cities, often central to traditional industries, are confronted with the dual challenges of environmental pollution and economic transformation. This study employs empirical analysis to examine the influence of the digital economy on carbon dioxide emissions in these cities. The findings reveal that the digital economy significantly reduces carbon dioxide emissions, with this impact being more pronounced in the early stages of digital economic development and gradually diminishing thereafter. In the mechanism analysis, we found that the digital economy can reduce carbon dioxide emissions in resource-based cities by raising public concern about the environment. Moreover, the study highlights significant variations in carbon reduction effects among different types of resource-based cities, noting that stronger environmental regulations further enhance these effects. These insights not only provide a new theoretical perspective but also offer practical guidance for policymakers in promoting sustainable development within the digital economy.

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Section: Resultsmentioning

confidence: 99%

Impact of the digital economy on carbon dioxide emissions in resource-based cities

Kuang,

Fan,

Bin

et al. 2024

Sci Rep

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“…In contrast to previous studies (Guo et al, 2023b;Guo et al, 2024c;Feng et al, 2024) that relied on traditional statistical methods, this study leverages panel data from pilot regions to shed lights on the relationship between energy rights trading schemes and urban pollution and carbon reduction initiatives. Addressing the limitations of existing literature (Yang et al, 2023;Hu et al, 2024;Jia et al, 2024;Qiu et al, 2024), this research optimizes the evaluation index system for pollution and carbon reduction at the prefecture-level city.…”

Section: Mechanism Analysismentioning

confidence: 99%

Does energy-consuming rights trading policy achieve urban pollution and carbon reduction? A quasi-natural experiment from China

Wang,

Yang

et al. 2024

Front. Environ. Sci.

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Energy-consuming rights trading (ECRT) policy represents a critical policy instrument for China striving to achieve its “dual carbon” objectives, captivating significant attention for its potential to reduce pollution and carbon emissions. This study utilizes panel data from 290 Chinese cities spanning 2010 to 2021, leveraging the ECRT policy as a quasi-natural experiment. Employing Difference-in-Differences (DID) and Propensity Score Matching-Difference-in-Differences (PSM-DID) methodologies, we assess the effect of the ECRT policy on urban pollution and carbon reduction levels. The findings indicate: 1) Relative to non-demonstration cities, the ECRT policy significantly enhances pollution and carbon reduction levels in demonstration cities; this conclusion remains robust after rigorous testing. 2) Heterogeneity analysis indicates that the policy’s effect on pollution and carbon reduction is more significant in the central and western regions, and particularly evident in key and resource-based cities. 3) Mechanism tests demonstrate that the policy facilitates urban pollution and carbon reduction by cultivating green technological innovation and industrial structure upgrading. Therefore, to further advance the ECRT policy, it is necessary to expand the breadth, depth, and flexibility of policy implementation, while also optimizing environmental regulations to fully leverage the system’s potential in enhancing urban pollution and carbon emissions.

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“…As highlighted by Yu et al . [ 6 ], voluntary environmental regulation policies incentivize enterprises to proactively disclose environmental information. Such disclosures facilitate peer-to-peer comparisons and monitoring, mitigate environmental management risks, and foster green corporate governance.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of digital transformation on corporate green governance under carbon peaking and neutrality goals: Evidence from China

Wang,

Guo,

et al. 2024

PLoS ONE

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Digital transformation, as a significant shift in optimizing enterprise resource allocation and enhancing information connectivity, offers the opportunity to stimulate the endogenous dynamics of corporate green governance. Employing a sample of 3,002 listed companies in China, a fixed-effects model, and the entropy power method to formulate a green governance index system, this study examines how digital transformation affects corporate green governance concerning carbon peaking and carbon neutrality objectives. According to these findings, the implementation of the digital transformation improves corporate green governance, each unit increase in digital transformation correlates with a 1.91% enhancement in green governance. Moreover, an examination of the mechanisms shows that green governance can be promoted by addressing information asymmetry and enhancing operational efficiency. Additionally, the association between corporate green governance and digital transformation is moderated favorably by strategic aggressiveness. Furthermore, our results indicate that digital transformation contributes significantly to the advancement of green governance within enterprises located in areas with high digital financing and strong technology integration capacities. Digitalization has a stronger effect on promoting green governance for enterprises in pilot regions than in non-pilot regions in terms of carbon emission trading. This study not only assists enterprises in elucidating the developmental trajectory of digital transformation amid carbon peaking and carbon neutrality goals but also provides a reference for decision-making on how digital technology can empower corporate green governance and promote sustainable economic growth.

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Facilitating or inhibiting? The impact of environmental information disclosure on enterprise investment value

Cited by 8 publications

References 63 publications

Impact of the digital economy on carbon dioxide emissions in resource-based cities

Impact of the digital economy on carbon dioxide emissions in resource-based cities

Does energy-consuming rights trading policy achieve urban pollution and carbon reduction? A quasi-natural experiment from China

The impact of digital transformation on corporate green governance under carbon peaking and neutrality goals: Evidence from China

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