The relationship between environmental disclosure and financial performance: mediating effect of economic development and information penetration

What’s the relationship between environmental disclosure and financial performance? To answer this question, our study focus on the heavy polluting enterprises in China from 2008 to 2019 to investigate the relationship between environmental disclosure and financial performance as well as the mediating effect of provincial level characteristics namely economic development and information penetration using hierarchical linear model (HLM). Findings show that there is positive relationship between both mandatory environmental disclosure and voluntary environmental disclosure and financial performance; economic development positively relates to corporate financial performance, and it also strengthens the relationship between environmental disclosure and financial performance; information penetration positively relates to corporate financial performance, but it weakens the relationship between environmental disclosure and financial performance. As time goes on, corporate financial performance will significantly rise in general

Exploring diastereoselectivity mechanism of L-threonine aldolase

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Stability Analysis of a Car-Following Model on Two Lanes

Considering lateral influence from adjacent lane, an improved car-following model is developed in this paper. Then linear and nonlinear stability analyses are carried out. The modified Korteweg-de Vries (MKdV) equation is derived with the kink-antikink soliton solution. Numerical simulations are implemented and the result shows good consistency with theoretical study