The Impact of Environmental Disclosure Level on the Operating Performance of Overseas Subsidiaries

DOI

10.2991/978-94-6463-459-4_73How to use a DOI?

Keywords

Environmental information disclosure level; Legitimacy; Subsidiary; Performance

Abstract

With the rising concern for sustainable development in countries around the world, environmental information disclosure has become an important consideration for enterprises to participate in international competition and compliance. At the same time, whether an enterprise undertakes environmental responsibility and contributes to the sustainable development of the local society in its cross-border operations will also affect its ability to operate overseas. The overseas subsidiaries of 631 listed enterprises in China from 2011 to 2020 are taken as samples to empirically test the hypotheses proposed in this paper. The results show that the improvement of environmental information disclosure level can effectively enhance the financial performance of overseas subsidiaries of Chinese multinational corporations. Meanwhile, the regression results of this paper's empirical results are still significant after passing the endogeneity test and the robustness test, which indicates that the findings of this paper have good robustness.

Copyright

© 2024 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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TY  - CONF
AU  - Yaofeng Li
AU  - Pei Yu
PY  - 2024
DA  - 2024/07/23
TI  - The Impact of Environmental Disclosure Level on the Operating Performance of Overseas Subsidiaries
BT  - Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)
PB  - Atlantis Press
SP  - 651
EP  - 656
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-459-4_73
DO  - 10.2991/978-94-6463-459-4_73
ID  - Li2024
ER  -