地理位置、环境规制空间异质性与环境信息选择性披露

发布时间：2018-07-20 14:43

【摘要】：本文基于中央政府到地方政府、地方政府到企业双重博弈的角度分析了企业环境信息选择性披露的影响因素,并使用经验数据验证了地理位置、环境规制空间异质性对企业环境信息选择性披露的具体影响。研究结果表明,总体情况而言,地理位置与环境信息选择性披露显著负相关,即企业距离政府监管者越远,环境信息总体披露较少,披露的显著性、数量性与时间性越弱。对非国有控股上市公司而言,这种负向影响关系更加明显,但对国有控股上市公司来讲则不存在显著的负向影响关系。另外,环境规制空间异质性对企业环境信息披露总体、显著性与数量性均具有显著负向影响关系,但对环境信息时间性方面则不存在显著性影响关系。进一步研究发现,国有控股上市公司具有与总体样本一致的结果,但对非国有控股企业而言,环境规制空间异质性对企业环境信息披露总体、显著性、数量性与时间性上不具有显著性影响。已有文献由于未考虑到环境披露政策在执行过程中的主体博弈影响因素,因此并未取得一致的研究结论。本文研究结论表明,决定博弈结果的地理与制度性因素是影响企业环境信息披露内容与程度的主要因素。
[Abstract]:Based on the dual game between central government and local government to enterprise, this paper analyzes the influencing factors of selective disclosure of enterprise environmental information, and uses empirical data to verify the geographical location. The specific influence of spatial heterogeneity of environmental regulation on selective disclosure of enterprise environmental information. The results show that the geographical location is negatively correlated with the selective disclosure of environmental information, that is, the farther from the government regulator, the less the overall disclosure of environmental information, the less significant the disclosure, the weaker the quantity and time. For the non-state-owned holding listed companies, the negative impact relationship is more obvious, but there is no significant negative impact relationship for the state-owned holding listed companies. In addition, the spatial heterogeneity of environmental regulation has a significant negative impact on corporate environmental information disclosure, significant and quantitative, but there is no significant impact on the timeliness of environmental information. Further study shows that the state-owned holding listed companies have the same results as the total sample, but for non-state-owned holding enterprises, the spatial heterogeneity of environmental regulation is significant to the disclosure of environmental information. The quantitative and temporal effects were not significant. Due to the fact that the influence factors of the subject game in the implementation of the environmental disclosure policy have not been taken into account in the existing literature, no consistent conclusions have been reached. The conclusion of this paper shows that the geographical and institutional factors that determine the game result are the main factors that influence the content and degree of the enterprise environmental information disclosure.
【作者单位】：中国矿业大学管理学院;
【基金】：国家自然科学基金项目(71572189;71102163) 中国博士后特别资助基金项目(2012T50529) 中国博士后科学基金面上项目(2011M500977)
【分类号】：X322;F275

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