Author(s)

Xiaojie Chen

Corresponding Author

Xiaojie Chen

Abstract

This article focuses on the impact of environmental accounting information (EAI) disclosure (EAID) on enterprise value. On the basis of diverse and representative sample selection, this article collects data from corporate annual report, social responsibility report and financial database, and uses dynamic panel model and Stata analysis method to explore the relationship between them. Descriptive statistics show that the average Tobin Q value of sample enterprises is 1.85, and the average EAID index is 35.62, with obvious differences among enterprises. Correlation analysis shows that EAID is positively related to enterprise value. The regression results of dynamic panel model show that the index coefficient of EAID is 0.02, which is significant at the level of 1%, indicating that it has a positive impact on enterprise value; Enterprise scale and profitability are also positively correlated with enterprise value, while financial leverage is negatively correlated. The research proves that improving the disclosure level of EAI is of positive significance to improving the value of enterprises and provides decision-making reference for enterprises, investors and regulatory agencies.

Keywords

Enterprise Value; Dynamic Panel Model; Stata Analysis; Influence Mechanism