上市公司环境信息披露状况及影响因素实证研究

发布时间：2018-06-29 16:46

本文选题：环境信息披露 + 影响因素　；参考：《华中科技大学》2010年硕士论文

【摘要】：改革开放30年,我国工业化进程加快,经济获得了高速发展。与此同时,长期以来粗放式经济增长方式所导致的环境问题也日益突出,公司行为对环境的影响和相关信息的公开受到了社会各界的广泛关注。随着我国一系列环保相关法规的出台,以及股东、债权人、公众环保意识的增强,在环境信息披露方面,上市公司面临着来自各方利益相关者的巨大压力。那么,我国现阶段上市公司环境信息披露状况到底如何,是否满足会计信息的质量要求?披露行为会受到哪些因素的影响?本文采用理论与实证相结合的方法对这些问题进行了系统的探讨。首先,本文分析了国内外相关研究文献,对环境信息披露的理论进行总结,归纳了披露的影响因素。根据我国背景,本文选用正当性理论和利益相关者理论作为理论依据,构建分析框架,并对我国环境保护法规进行介绍。其次,本文采用内容分析法,以2007年和2008年沪深两市260家上市公司为研究对象,对其环境信息披露状况和披露影响因素进行了实证研究。结果显示:随着新环境信息披露规定的颁布,2008年披露社会责任报告的上市公司数量明显增加,增加比例为42.15%,环境信息披露水平均值由2007年的2.5上升到08年的5.0。在此基础上,本文以利益相关者理论为分析框架,结合我国的特殊背景,提出了研究假设,采用多元线性回归模型对政府监管压力、股东、债权人等多个影响因素变量进行检验。结果表明:在解释变量中,行业类型与环境信息披露水平呈显著正相关;前十大股东持股比例、资产负债率与环境信息披露水平负相关,但不显著;在控制变量中,公司规模对环境信息披露水平有显著影响,呈正相关关系;公司地点与环境信息披露水平之间存在显著负相关关系;盈利水平ROE,上市年限AGE与环境信息披露水平呈负相关,但不显著。最后,本文根据前几章的研究成果,分别从完善环境保护法律法规,加强政府的指导和监督作用;加强股东、债权人等其他利益相关者监督;建立企业环境绩效评价体系、统一环境信息披露内容与格式;发挥市场引导作用,建立第三方环境评分机构四个方面提出改进我国上市公司环境信息披露的对策建议。
[Abstract]:Reform and opening up for 30 years, China's industrialization process accelerated, the economy has achieved high-speed development. At the same time, the environmental problems caused by extensive economic growth have become increasingly prominent for a long time. The impact of corporate behavior on the environment and the disclosure of related information have received extensive attention from all walks of life. With the introduction of a series of environmental protection laws and regulations, as well as the enhancement of environmental awareness of shareholders, creditors and the public, listed companies are facing great pressure from stakeholders in environmental information disclosure. So, what is the situation of environmental information disclosure of listed companies in China at this stage, and whether it meets the quality requirements of accounting information? What factors will affect disclosure? In this paper, the theoretical and empirical methods are used to systematically discuss these problems. First of all, this paper analyzes the domestic and foreign related research literature, summarizes the theory of environmental information disclosure, summarizes the influencing factors of disclosure. According to the background of our country, this paper chooses the legitimacy theory and stakeholder theory as the theoretical basis, constructs the analysis frame, and introduces the environmental protection laws and regulations of our country. Secondly, this paper takes 260 listed companies in Shanghai and Shenzhen stock markets in 2007 and 2008 as the research objects, and makes an empirical study on the environmental information disclosure and the influencing factors of disclosure. The results show that with the promulgation of the new environmental information disclosure regulations, the number of listed companies disclosing social responsibility reports in 2008 has increased significantly, with an increase of 42.15 percent, and the average value of environmental information disclosure water has increased from 2.5 in 2007 to 5.0 in 2008. On this basis, this paper takes the stakeholder theory as the analysis frame, combines the special background of our country, puts forward the research hypothesis, adopts the multivariate linear regression model to the government supervision pressure, the shareholder, Creditors and other factors such as a number of variables to test. The results show that: among the explanatory variables, the industry type is significantly positively correlated with the level of environmental information disclosure; the proportion of the top ten shareholders' shareholdings, the asset-liability ratio and the level of environmental information disclosure are negatively correlated, but not significant; in the control variables, Company size has a significant impact on the level of environmental information disclosure, positive correlation; company location and environmental information disclosure level has a significant negative correlation; profit level ROE, age and environmental information disclosure level negative correlation, But not significantly. Finally, according to the research results of the previous chapters, this paper respectively from the improvement of environmental protection laws and regulations, strengthen the role of government guidance and supervision; strengthen shareholders, creditors and other stakeholders supervision; establish enterprise environmental performance evaluation system, Unifying the contents and formats of environmental information disclosure, giving full play to market guidance and setting up third-party environmental scoring institutions, this paper puts forward countermeasures and suggestions for improving environmental information disclosure of listed companies in China.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2010
【分类号】：F275;X196;F224

【参考文献】