{"title":"环境法庭建设对企业环境信息披露质量的影响","authors":"","doi":"10.1016/j.irfa.2024.103512","DOIUrl":null,"url":null,"abstract":"<div><p>This study evaluates the relationship between establishing environmental courts and corporate environmental information disclosure quality. We use panel data from 28,718 Chinese listed companies between 2008 and 2022 and investigate whether the quality of environmental information disclosure by companies improves owing to the establishment of regional environmental courts. The results indicate that the quality of environmental information disclosure increase significantly after establishing environmental courts in the region. Factors such as corporate green culture, public environmental awareness, and local environmental regulatory strength play intermediary roles in this relationship. In the heterogeneous analysis, we find that the effect of environmental court construction on improving the quality of environmental information disclosure is more significant for highly polluting industries and state-owned enterprises. Additionally, environmental courts are more effective in enhancing the quality of corporate environmental information disclosure in regions with the low level of legalization and the high level of environmental information disclosure. Our research contributes to environmental court construction and corporate environmental information disclosure literature and provides decision-making references for businesses and governments.</p></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":null,"pages":null},"PeriodicalIF":7.5000,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The impact of environmental court construction on the quality of corporate environmental information disclosure\",\"authors\":\"\",\"doi\":\"10.1016/j.irfa.2024.103512\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This study evaluates the relationship between establishing environmental courts and corporate environmental information disclosure quality. We use panel data from 28,718 Chinese listed companies between 2008 and 2022 and investigate whether the quality of environmental information disclosure by companies improves owing to the establishment of regional environmental courts. The results indicate that the quality of environmental information disclosure increase significantly after establishing environmental courts in the region. Factors such as corporate green culture, public environmental awareness, and local environmental regulatory strength play intermediary roles in this relationship. In the heterogeneous analysis, we find that the effect of environmental court construction on improving the quality of environmental information disclosure is more significant for highly polluting industries and state-owned enterprises. Additionally, environmental courts are more effective in enhancing the quality of corporate environmental information disclosure in regions with the low level of legalization and the high level of environmental information disclosure. Our research contributes to environmental court construction and corporate environmental information disclosure literature and provides decision-making references for businesses and governments.</p></div>\",\"PeriodicalId\":48226,\"journal\":{\"name\":\"International Review of Financial Analysis\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":7.5000,\"publicationDate\":\"2024-07-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Financial Analysis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1057521924004447\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521924004447","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The impact of environmental court construction on the quality of corporate environmental information disclosure
This study evaluates the relationship between establishing environmental courts and corporate environmental information disclosure quality. We use panel data from 28,718 Chinese listed companies between 2008 and 2022 and investigate whether the quality of environmental information disclosure by companies improves owing to the establishment of regional environmental courts. The results indicate that the quality of environmental information disclosure increase significantly after establishing environmental courts in the region. Factors such as corporate green culture, public environmental awareness, and local environmental regulatory strength play intermediary roles in this relationship. In the heterogeneous analysis, we find that the effect of environmental court construction on improving the quality of environmental information disclosure is more significant for highly polluting industries and state-owned enterprises. Additionally, environmental courts are more effective in enhancing the quality of corporate environmental information disclosure in regions with the low level of legalization and the high level of environmental information disclosure. Our research contributes to environmental court construction and corporate environmental information disclosure literature and provides decision-making references for businesses and governments.
期刊介绍:
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.