产权视角下企业环保信息披露的异质性研究  

Heterogeneity Research on the Enterprise's Environmental Information Disclosure in Terms of Property Rights

作　　者：易崇艳[1] Yi Chongyan

机构地区：[1]重庆大学法学院

出　　处：《学术前沿》2018年第21期96-99,共4页Frontiers

基　　金：河北省社科课题 “京津冀区域应用大数据 防治环境 污染的法律问题研究”的阶段性成果,项目编号为：HB16FX005

摘　　要：国有上市公司财务绩效与其环保信息披露呈现显著的负相关性,且国有持股比例越高越有利于其环保信息的披露工作,而国有上市公司与政府之间的天然联系则使得政府环保投入的增加有利于国有上市公司的环保信息披露工作,但社会环境的改善对于国有上市公司的环保信息披露影响不显著。财务绩效越好的非国有上市公司越倾向于披露环保信息,但是较高的股权集中度则降低了披露的积极性,而政府环保投入在一定程度上挤出了非国有上市公司的环保投入,社会环境的改善则可以显著激励非国有上市公司的环保信息披露工作。The financial performance of state-owned listed companies has a significant negative correlation with their disclosure of environmental protection information.The higher the proportion of state-owned shares,the easier the disclosure of environmental information.The natural connection between state-owned listed companies and the government causes the increased government spending on environmental protection to better facilitate the disclosure of environmental information by the state owned listed companies,but the environmental improvement does not have such an effect.The non-state-owned listed companies with better financial performance are more inclined to disclose environmental information,but high concentration of equity would dampen their enthusiasm of disclosure,and the government's environment-related spending would squeeze out that by the non- state-owned listed companies to a certain extent.Environmental improvement can significantly stimulate environmental information disclosure of the non-state-owned listed companies.

关 键 词：环境保护 信息披露 产权 

分 类 号：F275[经济管理—企业管理]