企业环境信息披露的外部影响因素实证研究

A Empirical Study of the Exterior Factors Affecting Corporate Environmental Disclosures

本文以111家重污染行业的A股上市公司为样本,对企业环境信息披露的外部影响因素进行研究,对政府环保投入、公众环保意识、区域经济水平和社会监督水平等因素与企业环境信息披露水平之间的关系进行了理论分析和实证检验。研究结果显示:从整体上来说外部因素与企业环境信息披露水平呈负相关关系,说明现阶段企业环保工作所处的外部环境不容乐观;其中,区域经济发展水平与企业环境信息披露水平显著负相关;政府环保投入与企业环境信息披露水平显著正相关,但其影响程度随着经济发展水平的提高而减小;公众环保意识和社会监督水平对企业环境信息披露水平无显著影响。最后,提出了转变经济发展方式、加强政府宏观调控和完善企业环境信息披露制度等政策建议。

This article gives a theoretical analysis and empirical study on the relationship between exterior factors and corporate environmental disclosures by taking 111 A-share listed companies as samples, which all belong to the heavy pollution industry. These factors affecting corporate environmental disclosures mainly include government investment on environmental protection, public awareness of environmental protection, level of regional economic development, social supervision and so on. The result of the research reveals that exterior factors are negative correlation to corporate environmental disclosttres as a whole, saying that the exterior environment with Milch enterprises are confronted can not be so optimistic regarding environmental protection work. Among them, regional level of economic development is significantly negative to corporate environmental disclosures; government investment on environmental protection is significantly positive correlation to corporate environmental disclosures, but the degree of the influence minishes with the economic-development level advancing. Public awareness of environmental protection and social su^rvision can＇t significantly influence the environmental disclosures. Finally this article offers corresponding policy recommendations, such as accelerating transformation of the mode of economic development, and improving Key words c regulation and the system on corporate environmental disclosures.