Study on the environmental information disclosure of Chinese forestry enterprises

Environmental accounting is a kind of accounting which focuses on the compensation for the resources spending. It combines the theories of environmental economics and traditional accounting and uses scientific as well as systematic ways to coordinate the development of economics and the protection of environment. It is just in the primary process for forestry enterprises in China to introduce the research and practice of environmental accounting. Based on discussion about the principle of environmental information disclosure and analysis on the current situation of the environmental information disclosure of the forestry enterprises, this paper attempted to propose that the supplementary report mode of information disclosure should be appropriate for the forestry enterprises, which provide the balance sheet of environment, the income statement of environment besides the original three financial report to reflect the general environmental information of the enterprise.

Environmental Information Governance Reform in the Era of Big Data--From Information Disclosure to Public Service

The development of environmental information governance includes three phases: providing for oneself,information disclosure,and public service. And then China is in the transition and transformation of environmental information disclosure to the environmental information public service. The core of the transformation is public participation,in the whole procedure of environmental information supply decision making,production,and quality supervision and evaluation,etc. The target path of the environmental information governance reform includes five parts: improvement of public satisfaction,optimizing information disclosure,information quality control,integration of information resources,and multiple supply.

Empirical Research on Factors Influencing Level of Environmental Protection Information Disclosure in Annual Reportsby Listed Companies

Taking 248 A-share manufacturing listed companies in 2006 Shanghai Stock Exchange as example, using "index method" to measure level of environmental protection infor-mation disclosure, this paper examines the factors influencing level of environmental protection information disclosure. The findings show that the disclosure level has improved, but the overall level is still low and unable to satisfy information users; there is positive correlation between corporate size, industry type, accounting firm's type and corporate environmental dis-closure index. The companies of large scale and heavy pollu-tion and those audited by international "Big 4" and domestic "Big 10" accounting firms have a high level of environmental disclosure, while the profitability and financial leverage has no impact on the disclosure level. Finally some suggestions are put forward to establish environmental information disclosure sys-tem in China.

Research on environmental accounting information disclosure for thermal power enterprises in China： Current situation, countermeasure and implement way

Along with the unceasing expansion of the human society production and the economic activity scale, the influence and harm of the social economy to the global environment is more and more serious. As one of the high-polluting industries in China, the environment problems of the thermal power enterprises attract attention from the country and society. It is crucial for the country to improve the laws and regulations about the disclosure of environmental accounting information gradually, and the thermal power enterprises should also disclose more valuable environmental accounting information to the public. This paper analyzes and elaborates the current situation, countermeasure and implement way of the environmental accounting information disclosure systematically.

On the Expansion and Realization of the Right to Environmental Information in Environmental Protection Supervision

As an innovation in the environmental governance system that breaks the traditional hierarchical structure,environmental protection supervision has not only played a significant role in protecting tangible environmental rights but also expanded the basic scope of the right to environmental information—part of procedural environmental rights.In the supervision of environmental protection,the objects of the right to environmental information and the subjects of the obligation to provide environmental information have been both expanded,with the focus shifting from government information to Party information and from administrative organs to Party organs.This vividly demonstrates the Communist Party of China’s concrete efforts to protect human rights in the field of the endeavor to build an ecological civilization.At present,the realization of the right to environmental information in environmental protection supervision still faces problems such as insufficient standards and norms,disordered practice and operation,and lack of liability guarantee.In this context,based on renewing relevant subjects’cognition of the right to know in environmental protection supervision,we should further improve and specify the rule for disclosing information about environmental protection supervision,rationally distribute the obligations for information disclosure in environmental protection supervision,and clarify the accountability rules for violating relevant requirements for information disclosure,so as to promote the overall development of the environmental protection supervision system while guaranteeing the realization of the right to environmental information.

Research on Environmental Accounting Information Disclosure of Listed Company under Low Carbon Economy

Since entering into the new century,domestic society develops rapidly,a variety of advanced ideas are constantly introduced into our country,the awakening of people’s ideology also makes the society develop greatly.Low carbon economy is a new economic concept,which is the need of achieving sustainable development of society,and the requirements of the times.With the development of economy,more and more domestic listed companies appear.In listed companies,there are still many problems and shortcomings in the disclosure of environmental accounting information,which need improving constantly.This paper mainly studies the problems of environmental accounting information disclosure of listed companies in low carbon economy,and puts forward some specific suggestions and measures,to promote the development of listed companies.

Definition,measuring methods and status of carbon information disclosure in Chinese enterprises

From the perspective of carbon disclosure goal,the paper defined the detail types of contents about carbon information disclosure,then constructed the carbon information disclosure index,by using the indices to 2011 annual report of A-share listed companies in Shanghai and Shenzhen Security Exchange,we found that Chinese enterprises' carbon disclosure scattered,industry structure quite different characteristics,quantity information and quality information asymmetry.

Customer Information Disclosure and Analyst Forecasts : Empirical Evidence from Analysts' Perspective

Based on the company's disclosure of key customer information,the impact of corporate customer concentration on analyst forecast was studied,and we further studied the impact of detailed customer names on analyst forecasts. It is found that:(i) customer concentration significantly affects the accuracy of analyst forecasts. The higher the customer concentration is,the lower the accuracy of analyst forecasts is;(ii) Voluntary disclosure of customer names can provide incremental information to analysts and mitigate the negative impact of customer concentration on the accuracy of analyst forests;(iii) further research has found that the incremental information brought by the state-owned enterprises' disclosure of the customer names to analysts is more obvious; disclosure of customer names by companies with high environmental uncertainty is more likely to be of concern to analysts; and star analysts have a higher ability to interpret customer names than non-star analysts.

Accounting Framework to Measure the Environmental Costs and Disclosed in Industrials Companies Case Study of Societe Cement Hamma Bouziane （SCHB） in Constantine

Accounting, being an integrated information system, is not merely influenced by its environment, but also affects environment as well, due to its crucial role in generating the necessary information to decision-makers. It has two main pillars： measuring and declaring the costs that result from the activities of companies, especially industrial companies because they affect the environment. Therefore, the objective of this research is to investigate how well industrial companies are committed to measuring their environmental duties and declaring them in their balance sheets. This topic will be developed over two parts： scientific basis of environmental costs and accounting; environmental measuring and disclosure.

An Entropy Measurement Method of Quantum Information System under Uncertain Environment

Under uncertain environment, it is very difficult to measure the entropy of quantum information system, because there is no effective method to model the randomness. First, different from the traditional classic uncertainty, a quantum uncertain model is proposed to simulate a quantum information system under uncertain environment, and to simplify the entropy measurement of quantum information system. Second, different from the classic random seed under uncertain environment which is often called as pseudo-random number, here the quantum random is employed to provide us a true random model for the entropy of quantum information system. Third, the complex interaction and entangling activity of uncertain factors of quantum information is modeled as quantum binary instead of classic binary, which can help us to evaluate the entropy of uncertain environment, to analyze the entropy divergence in quantum information system. This work presents a non-classic risk factor measurement for quantum information system and a helpful entropy measurement.

ENVIRONMENTAL INFORMATION DISCLOSURE IN CHINA： IN THE ERA OF INFORMATIZATION AND BIG DATA

The past decade has seen remarkable progress made in the field of environmental information disclosure in China. While the overall institutional changes and the motivation/willingness of the government to open up information are important conditions, China＇s encounter with revolutionary Information and Communication Technological （ICT） advancement and rapidly emerging big data quickly changed China from an ＂information poor environment＂ to an ＂information complex environment.＂ While most previous studies centered on those drives/constraints that were recognized in established informational governance framework, recent advancement in ICTs and emerging big data posed new challenges, opportunities and research questions. When increasing information disclosure became a new game changer in environmental governance, China has had to cope with risks and pitfalls in a new technology-empowered information environment as well. This article updated previous studies on legislation/ regulations/policies regarding environmental information disclosure in China and their implementation effectiveness, and paid special attention to China＇s recent informatization progress and emerging big data. Information disclosure was treated as a process that includes data/information generation/collection, disclosure, functional pathways of communication, and direct/indirect impacts. Changes in environmental information disclosure should be understood in a broader context of overall changing environmental governance and informatization in China. It is important to understand ICTs and information disclosure as a double-edged sword. Normative, substantive, and instrumental benefits of disclosure as well as collection and reporting costs, the issue of targeted transparency, and the risk of unintended use should be strategically considered. Principles and guidelines need to be developed to avoid pitfalls while maximizing benefits.

An implementation assessment of China's Environmental Information Disclosure Decree

China＇s 2007 Open Government Information Regulations is widely considered as a milestone in the country＇s information policy history and is praised as a ＂sunshine program＂. The Environmental Information Disclosure Decree was the first to operationalize these general regulations into a sectorai information disclosure system on environment. This study assessed the implementation of the environmental information disclosure system about six months after the Decree took effect on May 1, 2008. Through reviewing the websites of all 31 provincial Environmental Protection Bureaus and the Ministry of Environmental Protection, conducting an experiment with actual information disclosure request, and through interviews with all provincial Environmental Protection Bureaus, this article concluded that the implementation of the environmental information disclosure system still fails short. Future improvements should focus on further publicity of the regulations and decree to enhance public participation, the establishment of an independent evaluation and supervision system for information disclosure, the exchange of experiences and best practices among provincial Environmental Protection Bureaus, and on strengthening the legal status of environmental information disclosure.

Relationship between Chief Executive Officer characteristics and corporate environmental information disclosure in Thailand

This study focuses on the influence of Chief Executive Officer(CEO)characteristics on environmental information disclosure(EID)in the annual reports of companies listed on the Stock Exchange of Thailand.A regression analysis method is used to explore the relationship between CEO characteristics and corporate environmental disclosure.Pollution-intensive companies are taken as the samples in this study.Results show that financial expertise,educational level,and tenure of CEOs are positively correlated with corporate EID.By contrast,age or gender of CEOs is insignificantly related to EID.

Board independence, internal information environment and voluntary disclosure of auditors' reports on internal controls

When there is high information asymmetry between directors and managers,independent directors do not have enough information to perform their functions. Only when faced with a good internal information environment can such directors acquire enough information to provide advice and monitor managers,and only under these conditions can increasing their proportion on the board effectively reduce agency problems, such as driving managers to disclose information to investors. Using a sample of Chinese listed firms that voluntarily disclose their auditors' reports on internal controls from 2007 to 2009, this study explores how the information acquisition costs of independent directors affect their monitoring effectiveness by investigating the disclosure decisions of their internal control audits. We find that when the information asymmetry between insiders and outside directors is low and the proportion of independent directors on a board is high, a firm is more likely to voluntarily disclose its internal control audit report.

‘Isomorp hic’behavior of corporate greenwashing

In the implementation of corporate environmental responsibility,‘greenwashing’is a pseudo-social behavior which is theopposite of‘genuine green’behaviors.With the improvement of the public awareness of environmental protection and the strengthening of the government environmental supervision,more and more enterprises are learning the green behavior adaptively.The frequentoccurrence of greenwashing has become a‘disharmonious’voice in the construction of ecological civilization.Institutional theory holdsthat institutional factors make organizations become more similar in structure and performance due to institutional forces.This paper describes an exploratory research on the law of group behavior in corporate greenwashing,analyzes the isomorphic mechanism of corporate greenwashing based on the institutional theory,and carries out an empirical test by using the data of A-share listed companiesin heavily polluting industries during the period of 2010−2016.The research in this paper shows that corporate greenwashing behavioris significantly affected by neighboring enterprises in the same region,and proves the existence of the‘bandwagon’effect.The results of analysis based on the nature of property rights show that state-owned enterprises have more significant regional isomorphic behaviors,indicating that state-owned enterprises are more inclined to claim legitimacy through the institutional isomorphism of greenwashing.Results of further analysis show that,greenwashing isomorphism does not significantly improve the operating performance of enterprises,but the similarity strengthens the ability of these enterprises to bear risks under an uncertain environment.As such,this provides empirical evidence support for the hypothesis that‘organizational isomorphism is usually for legitimacy rather than efficiency’in the institutional theory.The research in this paper reveals the land-derived characteristic of greenwashing behavior,and provides adecisive reference for policy implication.For the control of greenwashing,the central government should enforce and standardize theenterprise environmental report in terms of institutional arrangement,unify the form and content of disclosure,and improve the credibility and comparability of environmental information disclosure.The local governments need to strengthen the supervision of enterprises within their jurisdiction,as well as the coordination,cooperation and information sharing between departments,increase the punishment of violations,break the legal for enterprises to obtain socialrecognition by greenwashing.Meanwhile,it is necessary for the promotion of‘genuine green’large companies and state owned enterprises as role models.

我国企业ESG表现对其经济效益的影响研究——基于沪深上市企业

随着“碳达峰、碳中和”战略目标的提出,ESG投资概念成为资本市场关注的重点。在ESG信息披露成为企业刚需的时代背景下,企业环境表现与环境信息披露之间的因果关系变得更为复杂,ESG信息披露行为对企业经济效益的影响也有待讨论。为此,本文根据数据可得性筛选得到2008—2020年我国沪深板块上市的3685家企业上市公司作为研究样本,利用wind数据库、CSMAR上市公司环境研究等数据库,从企业ESG信息披露完整性及实际风险两个维度出发构建ESG发展指数,用于全面测度中国企业的ESG发展现状;同时尝试从债权人和股东投资信心等层面探讨企业ESG表现对其经济效益的传导机理。结果表明:企业ESG表现对于其经济效益呈现正向显著影响,且这种影响效应对于不同ESG表现水平和不同产权性质的企业具有异质性。影响路径分析结果显示,企业ESG表现能够提升投资者信心,进而显著改善了企业经济效益。

混合所有制改革与民营经济高质量发展——基于企业ESG表现视角的研究

以2013—2021年沪深A股上市公司为研究样本,实证检验了国有资本参股对民营企业ESG表现的影响。研究发现,国有资本参股程度越高,民营企业ESG的表现越好。机制检验表明,国有资本参股通过提高环保补助、强化社会责任信息披露质量和降低第二类代理成本提高民营企业的ESG表现。此外,国家股参股和国有股权参与度高的企业中,国有资本参股对民营企业ESG表现的促进作用更为显著。分项检验发现,国有资本参股主要通过提高社会和治理维度来提高民营企业的ESG表现,而国有资本参股对环境表现的提高作用存在环境治理和压力的差异性。

碳信息披露的绿色创新效应研究

文章基于信号传递理论和合法性理论,利用2013—2022年A股制造业上市公司的相关数据,实证检验碳信息披露的绿色创新效应。研究发现:碳信息披露具有显著的绿色创新效应,主要表现为绿色专利数量和质量同步显著提升,且专利结构实现了优化;缓解融资约束和资本更新是碳信息披露绿色创新效应的传导机制;碳信息披露的绿色创新效应在民营企业、重污染企业、低碳排放地区和低环境规制强度地区更显著;唯有实质性绿色创新才能提升制造业企业经济绩效和环境绩效,且碳信息披露可以强化这一激励效应。研究结论为评估碳信息披露制度的运行效果提供了新视角,也为驱动制造业企业绿色发展提供了新思路。

政府信息公开如何驱动企业绿色创新

基于2013-2021年中国沪深两市A股上市公司的绿色专利申请数据,研究了政府信息公开对企业绿色创新的影响及作用机制。结果发现:政府信息公开能够显著促进当地企业绿色创新,且经过一系列稳健性检验后结论依然成立。中介效应检验结果表明:政府信息公开可以通过提高地方企业的环境信息披露水平、降低地方企业面临的环境不确定性提高绿色创新水平。异质性检验结果表明:与民营企业相比,国有企业在获得资本等资源方面更有优势,政府信息公开对国有企业绿色创新的促进作用更大;融资约束高的企业更难从政府信息公开中获得增量收益,融资约束会抑制政府信息公开与企业绿色创新之间的正向关系。研究丰富了政府信息公开对微观企业绿色创新行为影响的相关研究,同时研究结论能深化地方政府对政府信息公开微观经济效应的认识,进而为地方政府引导企业进行绿色创新提供重要参考。