市场化进程、终极控制人与环境信息披露  

Marketization Index,Process Ultimate Controller and Environmental Information Disclosures

作　　者：彭珏[1] 郑开放[1] 魏晓博[1] 

机构地区：[1]西南大学经济管理学院,重庆400715

出　　处：《现代财经（天津财经大学学报）》2014年第6期78-88,共11页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基　　金：国家社会科学基金项目(10XGL001);中央高校社会科学基金项目(SWU1309452)

摘　　要：本文选取2008-2010年的数据,从市场化进程和终极控制人两个角度对我国重污染行业上市公司环境信息披露进行实证研究。研究证明:市场化进程度和终极控制人特征对企业环境信息披露有显著影响,市场化进程度与企业环境信息披露指数正相关,国有终极控股的上市公司环境信息披露指数明显高于非国有终极控股的上市公司;在非国有终极控股的上市公司里,市场化进程对环境信息披露的影响更大,外部制度环境市场化进程对企业环境信息披露的影响要受到企业内部股权性质终极控制人特征的制约。Based on the data between the year 2008-2010, this article empirically studied the en- vironmental information disclosures of the listed corporations in the main pollution industry from the perspective of marketization process and ultimate controller. The study proves that the marketization praess and ultimate controller significantly influenced the corporations＇ environmental information disclosures. There is a significant positive correlation between the marketization process and the environmental information disclosure index. The environmental information disclosure index of ultimate state-owned corporations is obviously higher than the index of ultimate non-state-owned corporations. In the ultimate non-state-owned corporations, the influence of marketization on the environmental information disclosures is larger. The influence of external institutional environment on the corporations＇ environmental information disclosures is restricted by the internal equity property.

关 键 词：市场化进程 终极控制人 环境信息披露 

分 类 号：F276.6[经济管理—企业管理]