ORIGINAL RESEARCH
Effect of Environmental Information Disclosure on the Development Capability of China’s Tourism-Listed Enterprises
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Yi Li 2
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1
International United Faculty between Ningbo University and University of Angers/School of Geography and Tourism Culture, Ningbo University, Ningbo, China
2
East China Sea Institute/Collaborative Innovation Center of Port Economy, Ningbo University, Ningbo, China
3
School of Economics and Management/Ecological Civilization Institute of Zhejiang Province, Zhejiang Sci-Tech University, Hangzhou, China
4
School of Urban and Regional Science, East China Normal University, Shanghai, China
CORRESPONDING AUTHOR
Yi Li   

Ningbo university, China
Submission date: 2021-10-29
Final revision date: 2022-01-03
Acceptance date: 2022-01-11
Online publication date: 2022-04-25
Publication date: 2022-06-20
 
Pol. J. Environ. Stud. 2022;31(4):3063–3082
 
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ABSTRACT
The environmental information disclosure of tourism-listed enterprises is a channel for stakeholders to understand corporate information. It serves as the driving force for improving corporate ecological innovation capabilities and a guarantee for strengthening the development capabilities of tourism enterprises. Based on the 38 tourism-listed enterprises in China, this paper uses a two-way fixed effect model to empirically examine the effects of environmental information disclosure levels on enterprises' development capabilities. The results show that environmental information disclosure has a significant negative correlation to enterprise development capabilities. This effect between them has a time lag and will decrease yearly. The degree of the effect differs because of firm size, region, and nature of equity. The government should formulate scientific and proper environmental information disclosure systems according to the characteristics of different industries and encourage non-environmentally sensitive firms to disclose environmental information to reduce the negative effects. Tourism enterprises should develop green supply chains, strengthen their ecological innovation capabilities, and reduce the increased costs due to environmental protection inputs.
eISSN:2083-5906
ISSN:1230-1485