An empirical study of corporate environmental liability performance, industry characteristics and financial performance

Previous studies have shown that the better the performance of an enterprise's environmental responsibility can be the better its financial performance will be. However, China's environmental information disclosure system is not sound enough at present, and the public pay different attention to the corporate environmental responsibility fulfilment level (CER) of enterprises in different industries. So how will the industry characteristics affect the relationship between environmental responsibility fulfillment level and financial performance? This paper analyzes the relationship between environmental responsibility fulfillment level and financial performance of heavy pollution and non-heavy pollution, consumer and non-consumer industries, and studies the impact of environmental system and public attention on corporate environmental responsibility fulfillment, promoting the improvement of corporate environmental responsibility fulfillment level.