碳信息披露要素与企业绩效关系研究

Relationship Between Factors of Carbon Disclosure and Corporate Performance

本论文以标普500强企业(S&P500)为研究样本,以碳信息披露项目(CDP)2010问卷为数据来源,通过因子分析法把碳信息披露分为碳风险碳机遇披露、碳战略披露和碳核算披露三个披露要素,运用结构化方程实证检验了碳信息披露三个要素之间的内部相关性及其分别与企业绩效的相关性。研究发现碳信息披露质量总体会促进企业绩效的提高,而且碳信息披露各个要素之间也存在相互促进的关系。论文不仅关注了碳信息披露质量对企业绩效的影响,提出了企业节能减排的重要意义,还分析了碳信息不同披露要素之间的相互促进关系,这对于企业如何提高碳信息披露质量具有较好的借鉴作用。

Based on a sample of S＆P 500 companies and Carbon Disclosure Project （CDP） 2010 questionnaire as source of carbon disclosure score, this study used factor analysis method to divide carbon disclosure into three factor, carbon risk and opportunity, carbon strategy, and carbon accounting. The paper tests relationships between factors of carbon disclosure and corporate performance by Structure Equation model. The results show that there are significant positive relationships between carbon risk and opportunity and corporate performance, carbon accounting and corporate performance. And there are mutual influences among in factors of carbon disclosure. The significant positive relationship between carbon disclosure and corporate performance mean the importance for company about carbon reduction. The analysis of mutual influences among in factors of carbon disclosure will give good suggestion for better carbon disclosure of company.