基于OLS、Tobit模型的高管在职消费与环境信息披露的关系研究

A Study on the Relationship between Executive on-the-job Consumption and Environmental Information Disclosure Based on OLS、Tobit Model

以沪深两市A股采矿业上市公司为样本,实证检验了公司高管在职消费与环境信息披露之间的关系,并把企业分为股权集中度高低两组,研究在股权集中度高和股权集中度低的企业,高管在职消费和环境信息披露关系的差异。研究结果表明:高管在职消费与环境信息披露之间存在显著的正相关关系,表明高管在职消费越多,企业环境信息披露质量就越高,可见环境信息披露是高管谋取利益的自利工具。而股权集中度高的企业两者之间的正相关性则更显著。最后,针对研究结论提出相应的建议。

Taking the listed companies of A shares mining industry in Shanghai and Shenzhen as a sample,this paper empirically tests the relationship between on-the-job consumption and environmental information disclosure of company executives,and divides them into two groups according to high and low equity concentration.The differences between on-the-job consumption and environmental information disclosure in enterprises with high equity concentration and low equity concentration were studied.The results show that there is a significant positive correlation between executive on-the-job consumption and environmental information disclosure,which indicates that the more executive on-the-job consumption,the higher the quality of enterprise environmental information disclosure.Environmental information disclosure is a self-profit tool for executives to seek benefits.The positive correlation between enterprises with high equity concentration is more significant than that of enterprises with low equity concentration.Finally,in order to weaken this relationship,the corresponding suggestions are put forward.