政府监管、经营开放性与企业环境信息披露——基于我国重污染行业的实证分析  

Government Supervision,Openness of Economy,and Environmental Information Disclosure:Empirical Analysis of Highly Polluted Industry in China

作　　者：张正勇[1,2] 段咏雪 ZHANG Zhengyong;DUAN Yongxue(School of Accounting,Nanjing University of Finance and Economics,Nanjing 210023,China;School of Business,Nanjing University,Nanjing 210093,China)

机构地区：[1]南京财经大学会计学院,江苏南京210023 [2]南京大学商学院,江苏南京210093

出　　处：《南京财经大学学报》2019年第1期78-87,共10页Journal of Nanjing University of Finance and Economics

基　　金：国家自然科学基金青年项目(71402068);江苏高校哲学社会科学研究基金项目(2018SJA0241);江苏高校优势学科建设工程资助项目(PAPD);江苏省研究生科研与实践创新计划项目(SJCX18_0411)

摘　　要：企业环境信息披露的影响因素一直是学界和实务界的研究关注点。当前我国企业环境信息披露总体水平仍处于发展阶段,环境信息披露水平、质量和内容在不同行业、地区、股权结构间表现出明显差异。以我国沪深A股重污染行业2009—2015年相关信息为研究样本进行实证分析,分别探讨了我国政府对企业环境信息公开的监管力度以及经营开放性程度对企业环境信息披露水平的影响。研究发现,政府的监管力度会对企业环境信息披露水平产生积极影响,而从外资占比和境外收入占比两个维度进行衡量,企业环境信息披露水平与经营开放性存在正向影响。为此,经济新常态下我国政府在完善相关法律法规的同时,应鼓励企业在"一带一路"倡议下积极开拓国际间的贸易和投融资范围,吸收先进的公司治理理念和经验,从而加强对企业环境信息披露的监管和引导。Currently,the overall level of corporate environmental disclosures in China is still in the development stage,and the level,quality,and content of environmental disclosures show significant gaps among industries,regions,and different equity structures.The factors that influence the disclosure of environmental information in enterprises have always been the focus of academic and practical circles.Using the sample of China's A-share listed firms in highly polluted industry from 2009 to 2015 for empirical research,this paper discusses the impact of government supervision and openness of economy on environmental information disclosure respectively.Results show that government supervision has a significantly positive impact on the level of corporate environmental information disclosure,and from the two dimensions of foreign investment and overseas revenue,there is a positive correlation between corporate environmental information disclosure and openness of economy.Therefore,under the new normal of economy,while improving relevant laws and regulations,our government should encourage enterprises to explore the scope of international trade and investment and financing actively,and absorb advanced corporate governance concepts and experiences in the construction of“One Belt and One Road”,so as to strengthen the supervision and guidance of environmental information disclosure.

关 键 词：重污染企业 环境信息披露 政府监管 经营开放性 

分 类 号：F272.3[经济管理—企业管理] F426[经济管理—国民经济]