审计费用、机构投资者持股与企业碳信息披露

Audit Fees,Shareholding of Institutional Investors and Corporate Carbon Information Disclosure

应对气候变化逐步成为全球共识,“双碳”目标充分展现了中国积极参与和引领全球气候治理的大国担当,也为经济高质量发展提供了战略指引。新目标新定位下,本文以2018—2020年中证800指数成分股企业为样本,研究审计费用、机构投资者持股对企业碳信息披露的影响。研究结果表明:企业支付的审计费用越高,越倾向于披露真实、可靠的碳信息;机构投资者持股不仅对提升企业碳信息披露状况发挥了重要作用,而且强化了审计费用与碳信息披露间的正向关系。研究结果丰富了碳信息披露影响因素的研究文献,为如何提高上市公司碳信息披露水平提供了重要的经验证据。

Addressing climate change has gradually become a global consensus.The“dual carbon”target fully demonstrates China's responsibility as a major country to actively participate in and lead global climate governance,and also provides strategic guidance for high-quality economic development.Under the new target and new positioning,the influence of audit fees and institutional investors'shareholding on carbon information disclosure is studied by taking the constituent companies of The China Securities 800 Index from 2018 to 2020 as samples.The results show that the higher the audit fee,the more likely the firm is to disclose the true and reliable carbon information.The shareholding of institutional investors not only plays an important role in improving the carbon information disclosure status of enterprises,but also strengthens the positive relationship between audit fees and carbon information disclosure.The research results enrich the literature on the influencing factors of carbon information disclosure and provide empirical evidence for how to improve the carbon information disclosure of listed companies.