Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Green Innovation, Environmental Information Disclosure and Firm Value

Authors
Yunlu Pan1, *
1Wuhan University of Technology, Wuhan, 430070, China
*Corresponding author. Email: panyunlu@whut.edu.cn
Corresponding Author
Yunlu Pan
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_83How to use a DOI?
Keywords
Green Innovation; Environmental Information Disclosure; Firm Value
Abstract

Under the background of the “dual carbon” strategy, China attaches more and more importance to high-quality green development, which requires firms to assume environmental responsibility, formulate green and sustainable plans, and take the initiative to respond to national policies. This paper selected the panel data of A-share listed firms in the Shanghai and Shenzhen Stock Exchange from 2008 to 2020 to conduct an empirical study on the relationship between green innovation and firm value. The results show that green innovation has a significant positive effect on firm value: firms with strong green innovation capability have higher firm value. Meanwhile, the positive moderating effect of environmental information disclosure on the relationship between green innovation and firm value is further tested. This paper provides a theoretical basis for firms to balance economic and environmental benefits and maximize benefits.

Copyright
© 2022 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.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_83How to use a DOI?
Copyright
© 2022 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.

Cite this article

risenwbib
TY  - CONF
AU  - Yunlu Pan
PY  - 2022
DA  - 2022/12/31
TI  - Green Innovation, Environmental Information Disclosure and Firm Value
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 558
EP  - 569
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_83
DO  - 10.2991/978-94-6463-036-7_83
ID  - Pan2022
ER  -