公司特征与碳信息披露水平——基于资源型企业的面板数据分析

Characteristics of Corporation and Disclosure of Carbon Information——Based on the Panel Data Analysis of Resource-Based Enterprises

选取2010—2012年沪深两市的资源型上市企业作为研究样本,采用内容分析法构建了碳信息披露指数,并实证检验了公司特征与企业碳信息披露水平的关系。实证结果表明:(1)股权性质与企业碳信息披露水平显著正相关;(2)公司流动性与企业碳信息披露水平显著负相关;(3)股权集中度、盈利能力、成长能力、审计机构权威性以及上市年限等因素不影响企业碳信息披露水平。

Resource -based enterprises listed in Shanghai and Shenzhen Stock Exchanges during 2010 - 2012 are selected as the samples of research. The carbon disclosure indexes are designed by the content analysis to verify the relationship between the characteristics of corporate and the disclosure of corporate carbon information actually. The results of empirical study show：（ 1 ） There is significantly positive correlation between the ownership property and the disclosure of corporate carbon information;（2） There is clearly negative correlation between the corporate liquidity and the disclosure of corporate carbon information ; （ 3 ） Some factors such as equity eoncentraton, profitability, development capacity, audit authority and listed years are irrelevant to the disclosure of carbon information.