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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.