External Pressure And Company Environmental Disclosure

BACKGROUNDIn the fort of the current disclosure of China’s environmental information, the level of information disclosure of listed companies in the environment gradually improved in recent years, but still at a low level of disclosure, both from the disclosures, methods, quality, etc. are unsatisfactory, and with developed countries there is a big gap. For all these cases, the paper study what impact on the disclosure of listed companies on environmental information? What causes companies do not actively disclose environmental information? Government regulation is not in place, or do we have a system problem, or it is the public’s rights awareness is not high. Based on these questions, In-depth study of environmental information disclosure of listed companies have a dual theoretical and practical significance.PURPOSEThe purpose of this study is to measure the status of corporate environmental information disclosure, and thus explore the external pressure impact on the corporate environmental information disclosure to enrich the research of enterprise environmental information, and promote the improvement of corporate environmental information disclosure system.MAIN CONTENTThis paper is divided into five chapters, each chapter are as follows:The first chapter is the introduction. This chapter explained the four main issues:the first issue tells the research background and the significance of this study both in theoretical and practical; the Second one tells the research framework and content, illustrates the basic framework of this paper; the Third issue tells research methods; the last one tells the main contribution of this paper and insufficient.The second chapter is a literature review of environmental information disclosure. From the perspective of domestic and international, this chapter focuses on the literature on environmental information disclosure. There are introduces the content, carriers, factors of the environment disclosure. And getting some inspiration form the literature, and finding some shortcomings to put forward research direction.The third chapter is the theoretical analysis of external pressure and company environmental disclosure. The first section is the theoretical basis of external pressure and the company listed on the disclosure of environmental information. Section two is the influence of external pressure influence on corporate environmental information disclosure. Section three reveals the status quo of China’s environmental information disclosure of listed companies and the problems, which are analyzed on the basis of the previous analysis.The fourth chapter is divided into four parts, to introduce the empirical analysis of environmental information disclosure and the result analysis. Using content analysis and Choosing711samples, the sample selection and data sources are described in detail. This paper also puts forward five hypotheses in the research hypothesis, such as social trust, heavy pollution industry enterprises, the local government on environmental information disclosure regulation and the proportion of state-owned shares and bank loans. Also through descriptive statistics and multivariate regression method to test the five hypotheses having what kind Influence on the level of environmental information disclosure of listing Corporation in China.The fifth chapter is the conclusion of the study and countermeasure suggestion. Putting forward the feasibility of the proposed from three angles of government, enterprise, public supervision, and pointing out the direction of further study and the limitations of this paper.MAIN CONCLUSIONTake the listing companies as samples, combined with the relevant index data, according to the results of theoretical research hypothesis is put forward, such as:From five aspects of the construction environmental information, the index system is comprehensive.Through the establishment of environmental information disclosure index, and the descriptive statistics, we find that environmental information disclosure of listed companies in our country is relatively low and the level of difference.Also, has a positive impact on the listing Corporation’s legitimacy pressure level of disclosure of environmental information. The higher legitimacy pressure, the higher level of disclosure of environmental information.So, we should train the consciousness of environmental protection from perspective of government regulation, enterprise itself and the public to strengthen the environmental information construction.MAIN CONTRIBUTIONBased on research results of previous borrowing, Studying of Chinese listing Corporation disclosure of environmental information and combined with the actual situation has been attributed to conclude.Beyond the effect of the legitimacy pressure, this article will also include the government pressure and creditors, making up for the shortcomings of previous studies.The article also puts forward four aspects of future research should focus on, which have contribution to the future study.