An Empirical Analysis on Determinant Factors of Environmental Information Disclosure: Evidence from A-Share Listed Firms in Shenzhen in China

摘要

Based on 169 firms who issued social responsibility reports listed on the Shenzhen Stock exchanges in 2008, this paper studies the present situation and the determinant factors of environmental information disclosures (EID) in China. The empirical results show that the level of EID in china''s listed firm is low and the level of disclosure in heavily polluting industries is higher than non-polluting industries. We also find that there are different determinant factors between heavily polluting industries and non-polluting industries. The profitability of heavily polluting industries is negative related with the index of EID at the level of 10% in the sample test with group, but there is no the conclusion in the non-polluting industries.