摘要
环境污染和环境信息披露日益引起世界各国重视。该文以化工行业A股上市公司为样本,采用Logistic模型研究上市公司财务状况对环境信息披露的影响。研究结论表明:披露环境信息的企业总数逐年增长,重污染企业披露的环境信息内容和数量逐年提高;上市公司盈利能力越好,越倾向披露环境信息;大公司更有动力披露环境信息,减少信息不对称而产生的代理成本;公司发展能力与环境信息披露负相关,上市公司的负债程度与环境信息披露负相关,但不显著。该文对提高环境信息透明度、规范上市公司环境信息披露提出了相应的政策建议。
Environmental pollution and environmental information disclosure have increasingly drawn the attention of the countries around the world. The article selects A-share listed companies of chemical industry in China. Using Logistic model, we research the impact of financial performance of listed companies upon environmental reporting. The conclusion of the study shows that the total number of enterprises which disclosed environmental information has increased year by year, and environmental information content and vohune which heavy pollution corporations disclosed have increased annually. And the morn profitability the listed companies attain, the more environmental information they incline to disclose. Moreover, companies will have ability to disclose environmental information so as to reduce the agency costs arising from information asymmetry.Furthermore, the development capacity of conpanies is negative correlation to environmental reporting, and the liabilities degree of listed companies is negative correlation tu environmental information disclosure, but it is not significant. This article also offers policy recommendations that enhance environmental information transparency and regulate environmental information reporting of listed companies.
出处
《中国人口·资源与环境》
CSSCI
2008年第5期112-117,共6页
China Population,Resources and Environment
关键词
财务状况
环境保护
环境信息披露
financial situations
environmental protection
environmental reporting
