Overseas Background Of Board,Rreen Innovation And Environmental Information Disclosure

Since the reform and opening up,China’s economy has developed rapidly,but outstanding achievements have also brought about many environmental problems,giving full play to "the main role of enterprise environmental governance" is an important link to achieve the adaptation of economic development and environmental protection.Disclosure of environmental information by enterprises is a significant tool of environmental management.Improving the level of enterprise environmental information disclosure is the requirement of the state to the enterprise,and also the concrete embodiment of the enterprise to fulfill environmental responsibility.Corporate environmental information disclosure is the result of directors’ judgment and decision based on their personal background characteristics.In recent years,the trend of talent internationalization has been continuously strengthened.The overseas background of the directors acts on the environmental awareness and actions of the company directly.Can the overseas background of directors have a positive impact on the environmental information disclosure of enterprises? If so,through what mechanism? These questions remain to be answered.This paper reviews the literature in three aspects of the board overseas background,green innovation and environmental information disclosure,and summarizes the main views and conclusions.Based on theories such as high ladder team theory and signal transmission theory,green innovation is taken as a mediating variable to study the influence path of the overseas background of board and environmental information disclosure,and then the research hypothesis of this paper is put forward.Then,this paper uses the data of heavy pollution industry companies listed in Shanghai and Shenzhen A-share from 2014 to 2019,constructs fixed effects model and Tobit model,and empirically tests the influence of the overseas background of the board on environmental information disclosure,explores the intermediary role of green innovation between them,as well as further explores the mediating role of different types of green innovation and the moderating role of other backgrounds of board members.Through empirical analysis,the following conclusions are drawn: the overseas background of the board can significantly promote corporate environmental information disclosure;Moreover,the overseas background of the board can improve environmental information disclosure by promoting green innovation,which verifies the mechanism of "overseas background of the board-green innovation-environmental information disclosure".In addition,from the view of heterogeneity of green innovation,the overseas background of the board is more inclined to promote environmental information disclosure through more difficult green innovation,rather than less difficult green innovation.From the view of other background features of board,the research and development background and academic background of board play a positive regulatory role in the relationship between the overseas background of board and environmental information disclosure.This paper has the following three contributions: First,it organically combines the hot issues in the field of corporate governance with the field of environmental governance,reveals the supervision function of directors with overseas background in the aspect of corporate environmental issues,and provides a new perspective for relevant research.Second,the relationship among the three is studied for the first time,and the model of "Overseas Background of the Board-Green Innovation-Environmental Information Disclosure" is established,which expands the research in relevant fields.Thirdly,this paper also makes an in-depth study of the mediating role of different types of green innovation and the synergies between different backgrounds of board members,which enriches the research content is more rich and the research conclusion is more specific.In general,this paper has a certain instructive role for the government to better implement the policy of overseas talent introduction,enterprises to optimize the allocation of board members and achieve the harmonious development of economy and environment.