政府环境审计与公司绿色治理

Government Environmental Audit and Corporate Green Governance

公司是践行绿色治理和生态文明建设的主力军,如何依靠外部监管压力驱使公司提升绿色治理水平是促进生态环境质量持续改善的关键。以中国A股重污染行业上市公司为研究样本,利用固定效应模型探究政府环境审计对公司绿色治理的影响。政府环境审计对公司绿色治理具有显著的促进作用。机制检验结果表明,政府环境审计通过地方政府强化环境规制执行而提升公司绿色治理水平;高管团队异质性程度越高,政府环境审计对公司绿色治理的促进作用越大。进一步研究发现,在官员任期较短地区、内部控制质量较高的样本中,政府环境审计对公司绿色治理的正向影响更为显著。

Companies are the main force in practicing green governance and building an ecological civilization.How to rely on external regulatory pressure to drive companies to upgrade their green governance is the key to promoting sustained improvement in the quality of the ecological environment.This paper explores the impact of government environmental audit on corporate green governance using a fixed effects model based on the research sample of Chinese A-share listed companies in heavily polluted industry.Government environmental audit has a significant facilitating effect on corporate green governance.Mechanism tests show that government environmental audit enhances the level of corporate green governance through local governments’enhanced enforcement of environmental regulations.Additionally,the higher the degree of top management team heterogeneity,the greater the facilitating effect of government environmental audit on corporate green governance.Further research finds that the positive impact of government environmental audit on corporate green governance is more significant in the sample with shorter official tenure and higher internal control quality.