RESEARCH ON THE IMPACTS OF IMPLEMENTATION OF ENVIRONMENTAL RESPONSIBILITY ON CORPORATE VALUE - TAKE CHINA'S LISTED IRON AND STEEL CORPORATIONS AS AN EXAMPLE

1 YAO Wenlong
Co-authors:
1 LENORT Radim 2 ČECH Martin
Institutions:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, marcoe@163.com
2 Lovegistics.eu, Ostrava, Czech Republic, EU, martin.cech@lovegistics.eu
Conference:
31st International Conference on Metallurgy and Materials, Orea Congress Hotel Brno, Czech Republic, EU, May 18 - 19, 2022
Proceedings:
Proceedings 31st International Conference on Metallurgy and Materials
Pages:
874-881
ISBN:
978-80-88365-06-8
ISSN:
2694-9296
Published:
30th June 2022
Proceedings of the conference have already been published in Scopus and we are waiting for evaluation and potential indexing in Web of Science.
Metrics:
61 views / 31 downloads
Abstract

This paper takes China's listed iron and steel corporations from 2016 to 2020 as samples to discuss the relationship between corporate environmental responsibility and corporate value. Then, analyzes the moderating effects of corporate ownership and industry concentration on the above relationship by establishing econometric models based on the resource dependence theory. This study found that iron and steel corporate actively fulfilling environmental responsibility could improve corporate value in the context of cutting overcapacity and green transformation of China's iron and steel industry.

Keywords: Steel, industry, ownership, environmental responsibility, corporate value

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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