产品市场竞争、环境信息披露与企业价值

发布时间：2018-04-03 19:37

本文选题：环境信息披露　切入点：产品市场竞争　出处：《经济与管理》2017年04期

【摘要】：选取2008-2014年沪深两市A股重污染行业上市公司为样本,实证研究产品市场竞争与环境信息披露质量的相关性,并考察基于竞争动机的环境信息披露变化对企业价值的影响。研究发现:产品市场竞争与环境信息披露质量之间呈倒"U"型关系,即随着产品市场竞争程度的增加,企业环境信息披露质量先上升后下降,表明在竞争压力下,企业环境信息披露行为会发生扭曲。进一步分析显示,企业出于竞争动机而降低环境信息披露质量会对企业价值造成损害。上述研究基于竞争视角建立企业环境信息披露影响因素及经济后果的分析框架,为企业更好应对产品市场竞争,提高环境信息披露质量提供直接的经验证据。
[Abstract]:From 2008 to 2014, this paper studies the relationship between the product market competition and the quality of environmental information disclosure, and examines the influence of the change of environmental information disclosure based on competitive motivation on the enterprise value.It is found that the relationship between product market competition and environmental information disclosure quality is inverted "U" type, that is, with the increase of product market competition, the quality of enterprise environmental information disclosure rises first and then decreases, indicating that under the competitive pressure,The behavior of enterprise environmental information disclosure will be distorted.Further analysis shows that reducing the quality of environmental information disclosure due to competitive motivation will damage the value of enterprises.Based on the perspective of competition, this study establishes an analytical framework of the influencing factors and economic consequences of enterprise environmental information disclosure, which provides direct empirical evidence for enterprises to better deal with product market competition and improve the quality of environmental information disclosure.
【作者单位】：中国矿业大学管理学院;
【基金】：国家社会科学基金一般项目(16BGL067)
【分类号】：F275;F832.51;X322

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