盈余管理、CEO特征与碳信息披露——来自中国高碳排放行业上市公司的证据

Earnings Management, CEO Characteristics and Carbon Disclosure:Evidence from Listed Companies in High-carbon Emission Industries in China

在全球气候变化不断加剧的背景下,碳密集型行业正面临着日益增长的公众压力。此种情况下,推动绿色低碳经济已然成为实现可持续发展的必然选择。选取2012—2020年中国高碳排放行业上市公司为研究对象,探究盈余管理对碳信息披露的影响,以及CEO特征对碳信息披露和盈余管理的调节作用。结果显示,盈余管理程度越大,碳信息披露越少;CEO性别为女性、CEO教育背景越高、CEO任期越长、CEO财务背景越强,盈余管理对碳信息披露的反向促进作用会得到加强;CEO年龄越大,盈余管理对碳信息披露的反向促进作用会得到削弱。

Amidst the escalating global climate change scenario,carbon-intensive sectors are confronted with an increasing surge of public scrutiny.Within this context,promoting the advancement of a green and low-carbon economy has inevitably emerged as the essential pathway to attain sustainable development.Chinese publicly listed firms operating in high carbon-emitting sectors during the period spanning 2012 to 2020 were centered on.The repercussions of earnings management on the disclosure of carbon-related information were deeply investigated and the moderating effects stemming from CEO attributes on both carbon information revelation and earnings management practices were meticulously examined.The outcomes unveil the following trends.Elevated levels of earnings management correspond to diminished disclosure of carbon-related information.Female CEO,boasting higher educational backgrounds,lengthier tenures and robust financial acumen showcase an amplified counteractive influence of earnings management on carbon information disclosure.The reverse impact of earnings management on carbon information disclosure dwindles as CEO age advances.