ORIGINAL RESEARCH
Does Environmental Information Disclosure Affect Customer Stability?
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1
Department of Economics and Management, North China Electric Power University, No. 689, Huadian Road, Lianchi District, Baoding 071000, Hebei Province, China
 
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College of Economics and Management, China Agricultural University, No.17 Qinghua East Road, Haidian District, Beijing 100083, China
 
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Business school, Nankai University, No.121 Baidi Road, Nankai District, Tianjin 300071, China
 
 
Submission date: 2023-12-28
 
 
Final revision date: 2024-06-16
 
 
Acceptance date: 2024-06-30
 
 
Online publication date: 2024-10-29
 
 
Corresponding author
Xiaoyan Guan   

Department of Economics and Management, North China Electric Power University, No. 689, Huadian Road, Lianchi District, Baoding 071000, Hebei Province, Chin
 
 
 
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ABSTRACT
As environmental problems are becoming increasingly severe, the environmental protection behavior of an enterprise directly affects the evaluation of customers towards the enterprise. Taking A-share manufacturing companies listed in China as the sample, this study investigates the impact of environmental information disclosure on customer stability. The results show that environmental information disclosure positively affects customer stability. Moreover, hard environment information has a stronger effect on enhancing customer stability due to its higher information quality. Mechanism tests indicate that environmental information disclosure exerts three effects on customer stability, namely “information effect”, “governance effect” and “reputation effect”. Environmental information disclosure can increase information transparency and improve corporate governance and firm reputation, thereby enhancing customer stability. Heterogeneity analysis demonstrates that environmental information disclosure has a more significant promoting effect on customer stability in enterprises with higher media attention. This study validates the benefits of environmental information disclosure from the perspective of customers and offers insights for emerging economies to enhance their environmental information disclosure systems.
eISSN:2083-5906
ISSN:1230-1485
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