Research On The Impact Of Environmental Information Disclosure On Financial Performance In The Brewing Industr

In recent years,laws and regulations on mandatory environmental information disclosure have been constantly improved,and heavily polluting listed companies,as the main body of pollution discharge and resource consumption,pay more and more attention to the impact of environmental information disclosure on corporate financial performance.As the representative of the industry,listed companies should establish the concept of sustainable development,promote the transformation and upgrading of industrial structure,and promote the realization of the "win-win" between environmental protection and the healthy development of the market.This paper takes domestic A-share brewing industry listed companies from 2015 to 2021 as the research object,conducts manual scoring on the environmental information disclosure of this industry,and studies the influence and mechanism of environmental information disclosure level of brewing industry on financial performance through empirical analysis.The data of the specific case Y Company from 2015 to 2021 is selected for analysis,and the environmental information disclosure of the industry and the case enterprise is deeply studied under the policy background of continuous promotion of mandatory information disclosure,and the direct impact of environmental information disclosure on financial performance of the case enterprise is studied combined with its changes.And discuss the mediating mechanism and regulating mechanism of environmental information disclosure affecting financial performance.The results of empirical analysis and case analysis show that the level of environmental information disclosure in brewing industry has a positive impact on financial performance,which has a one-stage lag,financing constraints play an intermediary role in the relationship between the two,and media attention plays a positive moderating role.Finally,according to the conclusion,it is suggested to optimize the supervision of environmental information disclosure and improve the laws and regulations;Enterprises to improve disclosure awareness,undertake green responsibility;Attach importance to the information transmission and supervision of media;We will expand financing channels and build an environmentally friendly financing market.Promote the coordinated development of improving the quality of environmental information disclosure and improving financial performance.