环境规制、政治关联与环境信息披露质量——基于重污染上市公司经验证据

发布时间：2018-02-02 06:28

本文关键词： 政治关联环境规制环境信息披露　出处：《经济与管理》2015年04期 　论文类型：期刊论文

【摘要】：以2010—2012年沪市重污染行业上市公司为样本,实证检验环境规制与环境信息披露质量的相关性,并进一步探讨政治关联对环境规制实施效果的影响。研究结果表明:上市公司环境信息披露质量总体偏低,行业、地区差异显著;环境规制对环境信息披露质量的影响存在“区间效应”,且因产权性质而异,其中,环境规制与国有企业环境信息披露质量呈“U”型关系,民营企业环境信息披露质量呈倒“U”型关系;政治关联会对环境规制与环境信息披露质量的关系产生调节作用,相比于一般民营企业,高政治关联民营企业环境信息披露质量对环境规制的敏感性更强(倒“U”型曲线更陡峭)、容忍度更弱(倒“U”型曲线更早出现拐点)。
[Abstract]:Taking the listed companies of heavy pollution industries in Shanghai Stock Exchange from 2010 to 2012 as samples, this paper empirically tests the correlation between environmental regulation and the quality of environmental information disclosure. The results show that: the quality of environmental information disclosure of listed companies is on the low side, industry and regional differences are significant; The influence of environmental regulation on the quality of environmental information disclosure has an "interval effect", which varies with the nature of property rights. Among them, the relationship between environmental regulation and the quality of environmental information disclosure in state-owned enterprises is of "U" type. The quality of environmental information disclosure in private enterprises is inversely "U" type; Political connection will regulate the relationship between environmental regulation and environmental information disclosure quality, compared with the general private enterprises. The environmental information disclosure quality of private enterprises with high political connection is more sensitive to environmental regulation (the inverted "U" curve is steeper and the tolerance is weaker (the inverted "U" curve appears inflexion earlier).
【作者单位】：中国矿业大学管理学院;
【分类号】：F276.6
【正文快照】： 一、引言中国在取得巨大经济成就的同时,环境污染问题日益严重,俨然已成为制约经济可持续增长的关键因素。环境信息披露作为外部利益相关者了解企业环境行为和环境责任履行情况的主要渠道,受到学术界的广泛关注。Cormier et al(2013)[1]指出,无论是为树立良好的环保形象,还是

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