The Impact Of The Types Of Actual Controllers On Environmental Information Disclosure

With the global environmental problems are becoming more and more serious,people’s awareness of environmental protection still needs to be improved.In recent years,there have been serious environmental pollution incidents caused by enterprises’ inadequate disclosure of environmental information one after another.As the representatives of corporate social responsibility,the listed companies are obliged to accept the supervision form the people in order to improve the quality of environmental information disclosure and avoid the recurrence of accidents.As the listed companies in heavy pollution industry,they are more obliged to disclose environmental information due to the serious pollutant discharge caused by theirs own operation,so as to let all stakeholders know the work of companies on environmental governance.In Henan province,the per capita share of resources is small and the total amount of pollutant emissions is large,which is still far from the expectations of the people of the whole province.However,as the entity who can actually control the company’s behavior,there are few literatures that directly show whether the actual controllers of listed companies has an impact on the quality of environmental information disclosure.The purpose of this study is to explore whether there is a correlation between the types of actual controllers and environmental information disclosure.This paper takes heavy pollution industry listed companies in Henan province from 2009 to 2018 as the samples to carry out research.First of all,through analyzing the current situation of the environment and sorting out the relevant literature to make the significance of this study clear and definite.Secondly,I collect a large number of data by hand around the research hypotheses and build the panel data model.Thirdly,using relevant econometric methods to carry out this empirical study.And then come to a conclusion that “Under the control of other influencing factors,the types of listed companies actual controllers have an impact on environmental financial information disclosure,environmental non-financial information disclosure and environmental information disclosure.The quality of environmental financial information disclosure,environmental non-financial information disclosure and environmental information disclosure of listed companies whose type of controllers is state-owned is significantly higher than that of listed companies whose type of actual controllers is natural person and other entities.However,the hypothesis of ?The types of listed companies actual controllers as natural person are better than other entities in terms of environmental financial information disclosure quality,environmental non-financial information disclosure quality and environmental information disclosure quality? is not fully verified.” Finally,giving some relevant suggestions from perspective of the listed companies actual controllers,other stakeholders and governments,analyzing the limitations of the study,and putting forward the future research targets.