内部控制与环境信息披露——来自中国制造业上市公司的经验证据  

Internal Control and Environmental Information Disclosure:Evidence from Chinese Listed Manufacturing Firms

作　　者：李志斌[1,2] 

机构地区：[1]扬州大学商学院,江苏扬州225009 [2]南京大学工程管理学院,江苏南京210093

出　　处：《中国人口·资源与环境》2014年第6期77-83,共7页China Population,Resources and Environment

基　　金：国家自然科学基金重点资助项目"基于实验与可计算的行为金融学若干前沿问题研究"(编号:70932003);财政部全国会计领军(后备)人才培养计划项目;中国博士后基金项目"内部控制衍生效应研究:利益相关者的视角"(编号:2012M511737);教育部人文社会科学青年基金项目"组织理论视角的预算管理系统研究"(编号:10YJC790157)

摘　　要：随着政府和社会公众等利益相关者对环境保护问题的日益重视,企业环境信息披露逐步成为理论研究的热点问题。已有研究表明,外部制度压力和公司治理结构是影响企业环境信息披露水平的重要因素。那么,作为公司治理的制度基础和企业自律系统的内部控制对环境信息披露水平存在正向影响吗?本文从沪、深两市689家制造业上市公司2009-2011年的公司年报中手工收集环境数据,建立环境信息披露指数用以衡量公司环境信息披露水平,并运用内部控制指数及相关数据,实证研究了我国制造业上市公司环境信息披露现状及内部控制对环境信息披露水平是否存在显著影响。研究发现,我国制造业上市公司的环境信息披露水平呈逐年提高之态势,内部控制作为公司制度性体系对环境信息披露水平有着显著的正向作用。在此基础上,进一步讨论市场化进程与行业特征对内部控制功能发挥的影响。研究结果表明,无论在市场化进程快或慢的地区,内部控制均能显著促进环境信息披露水平的提高,只是在市场化进程快的地区,内部控制的正向作用略强;无论在重污染行业还是在非重污染行业,内部控制与环境信息披露均呈现出显著的正相关关系,但在重污染行业的正向作用更大。为此,提出的对策建议是企业为回应监管部门、投资者与社会公众等利益相关者对环境问题的关切,应强化内部控制建设,尤其是要加强与环境信息披露相关的内部控制制度的建设和实施,规范企业环境信息披露行为,提高企业环境信息披露水平,以满足企业利益相关者对环境信息的需求。Environmental information disclosure has become a hot research topic along with the rising concerns by the government and the public on environmental protection. Prior researches have indicated that external systematic pressure and corporate governance are important determinants of firm-level environmental information disclosure. Internal control is considered to be the institutional foundation and self-discipline system of a firm, so that is there a positive relation between internal control and firm-level environmental information disclosure？ This paper constructs an environmental information index by collecting data from annual reports in 2009-2011 among 689 manufacturing listed firms, and studies the current situation of environmental information disclosure, and the interaction between internal control and the environmental information index. Our research indicates that the environmental information disclosure level has been improved year by year in manufacturing listed firms, and internal control, as the firm-level institutional system, has a significant positive correlation with environmental information disclosure. We also run a serial of sensitivity tests to consider the effect of other factors, including the marketization progress and industrial effect. Results shows that the positive effect of internal control exists within both higher and lower marketization level firms, and the positive correlation is slightly stronger in higher marketization level firms. As for industrial effect, results shows that the positive effects of internal control exist within both heavy polluting industries and non-heavy polluting industries, and stronger correlation reveals in heavy polluting industries. Based on the results, we suggest that listed companies should strengthen the internal control system, especially the construction and implementing of internal control system on environmental information disclosure, and improve the transparency and information disclosure behavior to satisfy the growing environmental inform

关 键 词：内部控制 环境信息披露 市场化进程 重污染行业 

分 类 号：F234[经济管理—会计学]