Impact of Environmental Disclosure on Firm Performance: The Mediating Role of Green Innovation
REVISTA DE CONTABILIDAD-SPANISH ACCOUNTING REVIEW(2023)
摘要
This study focuses on the impact of environmental disclosure on financial performance. Moreover, the current study aims to explore the mediating impact of green innovation and provide novel evidence regard-ing this relationship using stakeholder and signalling theory. This study used a sample dataset comprising Chinese firms listed on Shanghai and Shenzhen stock exchange for the period of 2005-2016. In our meas-urement model, green innovation is the partial mediator between the positive relationship of environmental disclosure and firm performance. Empirical results show that environmental disclosure affects firm finan-cial performance directly and positively influences it through green innovation in Chinese firms. The study suggests that Chinese firms have implications for improved performance by increasing environmental dis-closure and green practices.(c) 2023 ASEPUC. Published by EDITUM -Universidad de Murcia.This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
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关键词
Patents,Signalling,Stakeholder,Mediation effect,Environmental disclosure,Environmental accounting,Green innovation,Firm performance,China
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