能源公司环境信息披露质量及其影响因素研究

Research on Environmental Infor mation Disclosure Quality and Influencing Factors of Energy Companies

选择我国沪深两市22家能源公司2016—2020年的数据为样本,实证分析环境信息披露质量与能源公司经营绩效之间的关系。研究表明:我国能源公司的环境信息披露质量与公司规模和政策实施力度呈正相关;与管理费用呈负相关;与净资产收益率、发展能力和事务所监督程度无显著相关。研究结论有助于提高能源公司披露环境信息的积极性和自觉性;能够更好起到政府、企业和社会公众对企业环境信息披露质量的监管作用;为企业推进绿色发展提供决策参考。

This paper selects the data of 22 energy companies in Shanghai and Shenzhen stock markets from 2016 to 2020 as samples to empirically analyze the relationship between the quality of environmental information disclosure and the operating performance of energy companies.Research shows that the environmental information disclosure quality of my country’s energy companies is positively correlated with company size and policy implementation;it is negatively correlated with management expenses;it is not significantly correlated with return on net assets,development capabilities,and the degree of supervision of the firm.The research conclusions can help improve energy companies’enthusiasm and consciousness in disclosing environmental information;they can better monitor the quality of corporate environmental information disclosure by the government,enterprises,and the public;and provide decision-making references for companies to promote green development.