印度污染企业定量和定性环境披露的价值相关性:静态和动态面板数据证据

IF 1.1 Q4 BUSINESS

International Journal of Business Environment Pub Date : 2020-05-22 DOI:10.1504/ijbe.2020.10029627

G. Ezhilarasi, K. C. Kabra

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引用次数: 2

摘要

本文考察了印度145家污染企业的定量和定性环境披露的价值相关性。环境披露是根据全球报告倡议指南以及印度现行环境法规制定的项目清单进行衡量的。随后，通过对2009-2010年至2017-2018年九年的年度报告进行内容分析，分别得出披露得分。采用静态和动态面板数据回归方法，研究发现，定量和定性的环境披露在提高市场价值方面都发挥着重要作用，并使公司能够将其与其他公司区分开来。此外，研究发现，研发投资对公司的财务业绩有积极影响。然而，研究发现，研发支出与环境披露的互动效应与企业财务绩效之间存在负相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The value relevance of quantitative and qualitative environmental disclosure of polluting companies in India: a static and dynamic panel data evidence

This paper examines the value relevance of quantitative and qualitative environmental disclosure of 145 polluting companies' in India. Environmental disclosure is measured by a checklist of items based on Global Reporting Initiative guidelines as well as environmental regulations prevailing in India. Subsequently, the disclosure scores are drawn individually by using content analysis of annual reports for a period of nine years, i.e., from 2009-2010 to 2017-2018. Employing static and dynamic panel data regression method, the study finds both quantitative as well as qualitative environmental disclosure plays an important role in enhancing the market value and allows the firm to differentiate it from others. Further, the study finds investment in research and development (R&D) has a positive impact on the financial performance of a company. However, the study finds a negative association between the interaction effect of R&D expenditure with environmental disclosure and the financial performance of a firm.

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来源期刊

International Journal of Business Environment BUSINESS-

CiteScore

2.00

自引率

23.10%

发文量

期刊介绍： Environmental dynamism is a widely-explored construct in organisation theory/strategic management literature. It has growing importance according to the degree of instability/turbulence of such key operating concerns as market/industry conditions as well as more general technological, economic, social, political forces. An organisation''s ability to adapt to changing environmental circumstances is key to survival. IJBE examines how firms behave under different types of environment and the external influences on businesses. It addresses a wide variety of business decisions/processes/activities within the business environment.