EMPIRICAL STUDY ON THE IMPACT OF ENVIRONMENTAL INFORMATION DISCLOSURE IN PHARMACEUTICAL INDUSTRY ON THE PROFITABILITY OF ENTERPRISES
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 2
Abstract
The pharmaceutical industry is recognized as an industry with “high pollution and high energy consumption”. In recent years, with the further promotion of national environmental protection policies, the responsibility of disclosure environmental information of pharmaceutical companies has also become the focus of attention. This paper narrates the correlation and action mechanism between the quality of environmental information disclosure in the pharmaceutical industry and the profitability of enterprises, and selects 19 representative enterprises in the pharmaceutical industry from 2012 to 2015 as research objects to make an empirical analysis. The analysis found that the disclosure level of environmental information in the pharmaceutical industry is highly positively correlated with the profitability of enterprises, that is, the higher the level of environmental information disclosure, the stronger the profitability of enterprises. In the increasingly serious environmental polluti on situation, pharma ceutical companies
Authors and Affiliations
Cao Ruiyi, Zhao Lei
Keywords
Related Articles
- EP ID EP411242
- DOI 10.26480/wsebm.01.2017.42.46
- Views 77
- Downloads 0
INNOVATION MODE AND EVALUATION SYSTEM OF EMBEDDED INFORMATION LITERACY EDUCATION IN COLLEGES AND UNIVERSITIES
The combination of modern information technology and Internet media technology has led to the reform in information literacy education. In order to better integrate the disciplining service model in library and informati...
JOINT EFFECT OF DEBT FINANCING AND CREDIT RATING ON CORPORATION’S PERFORMANCE
The purpose of this paper is to examine the joint effect of debt financing and credit rating on the corporation’s performance. Using a sample of 309 US firm-year observations in the retail industry from year 2011 to 2013...
ENLIGHTENMENT OF GUAN ZHONG’S MANAGEMENT THOUGHT ON THE RISK CONTROL AND MARKET ENVIRONMENT IN THE MANAGEMENT ACCOUNTING SYSTEM
Although the economic management thought system of Guan Zhong has certain historic limitations, it still gets more attention of the entire strategy arrangement and emphasizes the crisis awareness and risk control. This p...
COMPARATIVE STUDY OF USING WORD CO-OCCURRENCE TO DETERMINE SYMPTOMS FROM TEXTS
The research approach is to determine the symptom explanation from downloaded hospital documents to construct the semantic relations between disease-topic names and symptom explanation for enhancing the automatic problem...
CONCEPT AND IMPOSITION SCHEME OF VACANCY TAX AND TAX RATE DESIGN
There has long been controversy over the levitation of the vacancy tax in the academic world. This paper believes that the collection of the vacancy tax should be made to improve the utilization efficiency of property re...