公共压力、社会声誉、内部治理与企业环境信息披露——来自中国制造业上市公司的证据

发布时间：2018-03-01 18:13

本文关键词： 公共压力社会声誉内部治理环境信息披露　出处：《南开管理评论》2013年02期 　论文类型：期刊论文

【摘要】：如何通过制度安排和内在激励促使企业充分地披露环境信息是保护生态环境、遏制生态危机的重要举措。本文以中国制造业上市公司2006-2009年的数据为样本,研究了企业环境信息披露的现状和决定因素。我们发现,企业选择披露环境信息的比例和水平逐年提高,但披露内容具有选择性和应对性,对污染物的排放后果、法律诉讼以及可能面临的或有负债等负面信息披露不足;来自环保部门、政府的公共压力或政治成本,以及企业品牌声誉的内在激励,显著地影响企业选择披露环境信息的概率和水平;来自银行债权人的监督、企业的两权分离度也在一定程度上影响企业是否选择披露环境信息的概率,但对环境信息披露水平的影响不显著。
[Abstract]:How to encourage enterprises to disclose environmental information fully through institutional arrangements and internal incentives is an important measure to protect the ecological environment and contain the ecological crisis. This paper takes the data of listed manufacturing companies in China from 2006 to 2009 as a sample. This paper studies the present situation and determinants of environmental information disclosure in enterprises. We find that the proportion and level of environmental information disclosure by enterprises increases year by year, but the disclosure content is selective and responsive. Inadequate disclosure of negative information, such as legal proceedings and possible contingent liabilities; public pressure or political costs from the environmental sector, public pressure or political costs from governments, and intrinsic incentives for corporate brand reputations, The probability and level of enterprises choosing to disclose environmental information are significantly affected, and the degree of separation of two rights from bank creditors also influences the probability of whether enterprises choose to disclose environmental information to a certain extent. However, the impact on the level of environmental information disclosure is not significant.
【作者单位】：华东师范大学商学院;上海交通大学安泰经济与管理学院;北京市民族事务委员会;
【基金】：国家自然科学基金项目(70872107、70772062)资助
【分类号】：F275;X196;F224

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