Empirical Study on the imPact of Green Culture on Corporate Financial Risk
Dong Li, Minghua Lin · Learning & Education · 2022
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.