从环境会计信息披露角度看企业价值的提升——来自中国石化的实证

The Promotion of Enterprise Value from the Perspective of Environmental Accounting Information Disclosure——An empirical study from Sinopec

主要从环境会计信息披露角度讨论企业价值的提升问题,以石化行业的代表者中国石油化工集团公司为例,选取2006年-2015年近十年的数据,运用多元线性回归模型实证检验了环境信息披露对上市公司价值的影响机理。创新点一是把环境会计科目纳入披露质量评价体系,二是用财务价值(ROE)和市场价值(Tobin's Q)同时衡量企业价值。结果表明,环境信息披露对市场价值有正向影响,但对财务绩效无明显作用。

This article mainly from the perspective of environmental accounting information, disclosure of enterprise value promotion., in. the petro-chemical industry on. behalf of China Petrochemical Corp for example, selected 2006 - 2015 in. nearly ten. years of data, using the empirical test of the environmental information, disclosure mechanism of influence on. the value of Listed Companies in. the multivariate linear regression, model. In-novation. point is to put the environmental accounting subjects into the disclosure quality evaluation, system, the two is to use the financial value （ROE） and market value （Tobins Q） to measure the enterprise value. The results show that environmental information, disclosure has a positive effect on. market value, but has n.o significant effect on. financial performance.