Empirical Study on the imPact of Green Culture on Corporate Financial Risk

  • Dong Li School of Management,Sichuan University of Science&Engineering
  • Minghua Lin School of Management,Sichuan University of Science&Engineering
DOI: https://doi.org/10.18282/l-e.v10i8.3067
Keywords: Green culture, Enterprise financial risk, Environmental information disclosure

Abstract

Based on the perspective of corporate culture,this study takes 464 A-share listed companies in China’s heavy pollution industries from 2015 to 2019 as samples.The panel regression model is used to explore the impact of green culture on corporate financial risk and the mediating role of environmental information disclosure.The results show that green culture can significantly reduce corporate financial risk,and environmental information disclosure has a partial mediation effect on the relationship between green culture and corporate financial risk.

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Published
2022-06-20
Issue
Vol. 10 No. 8 (2021)
Section
Articles

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