Abstract
With the gradual deterioration of climate and environment, countries are becoming increasingly vigilant and repulsive to the economic development mode at the cost of energy consumption. It has become a new development trend to seek new alternative energy sources and pursue green and environment-friendly sustainable development mode. Environmental protection behaviors are generally considered to have positive external effects. This paper examines whether the environmental protection behaviors of A listed company have positive effects on the company based on the data related to environmental information disclosure from 2014 to 2017, and also examines the attitude of external supervision represented by independent auditing towards the company’s environmental protection behaviors. It is enlightening to encourage listed companies to save energy and protect the environment.
Highlights
Research backgroundWith the development of the economy and the deterioration of the living environment, the problems of environmental pollution and energy consumption have increasingly become the concerns of the government and all sectors of society
With the gradual deterioration of climate and environment, countries are becoming increasingly vigilant and repulsive to the economic development mode at the cost of energy consumption
With the development of the economy and the deterioration of the living environment, the problems of environmental pollution and energy consumption have increasingly become the concerns of the government and all sectors of society
Summary
With the development of the economy and the deterioration of the living environment, the problems of environmental pollution and energy consumption have increasingly become the concerns of the government and all sectors of society. Economic growth at the cost of excessive energy consumption has serious negative externalities, and is not sustainable for the country itself. The environmental damage behavior of energy-intensive and heavily polluting enterprises will cause negative externalities, and bring economic losses to themselves, and even be closed down. Few companies can recognize the significance and value of environmental protection behavior for their own development. Its purpose is to promote "environment-related economic activities" to meet the requirements of sustainable development through audit, which is a relatively mature external supervision method. From the perspective of audit fees, this paper tests the direct economic value of enterprises' energy conservation and environmental protection behaviors to themselves, and verifies the attitude of external supervision represented by audit towards enterprises' environmental protection behaviors, which has certain enlightening significance for promoting enterprises' energy conservation and environmental protection
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