A Study on the Impact of Environmental Accounting Disclosure of Enterprises in Heavily Polluted Industries on Enterprise Value

DOI

10.2991/978-94-6463-724-3_17How to use a DOI?

Keywords

environmental accounting; environmental accounting information disclosure; enterprise value; heavy pollution industry enterprises; green development

Abstract

With the intensification of global environmental issues, the disclosure of environmental accounting information has a profound impact on corporate value. Based on the data of 1,200 listed companies in heavy - pollution industries from 2019 to 2023, this study uses the Tobin’s Q value as a measure of corporate value and constructs an Environmental Disclosure Index (EDI) through the expert scoring method to evaluate the level of environmental information disclosure of enterprises. The results of regression analysis show that there is a significant positive correlation between the quality of environmental information disclosure and corporate value. In addition, the study also finds that control variables such as enterprise size, debt - to - asset ratio, total asset turnover ratio, and return on assets have a significant impact on corporate value. Heterogeneity analysis reveals that the positive impact of EDI on corporate value is more significant in state - owned enterprises. Combining with the case analysis of Tapai Group, corresponding policy recommendations are put forward.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Shaolin Jiang
AU  - Yaqi Zhou
AU  - Yuxin Liu
AU  - Jing Su
AU  - Dan He
AU  - Han Yang
PY  - 2025
DA  - 2025/05/26
TI  - A Study on the Impact of Environmental Accounting Disclosure of Enterprises in Heavily Polluted Industries on Enterprise Value
BT  - Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)
PB  - Atlantis Press
SP  - 169
EP  - 183
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-724-3_17
DO  - 10.2991/978-94-6463-724-3_17
ID  - Jiang2025
ER  -