Internal Control, Nature Of Property Right And Environmental Information Disclosure Quality

Since the reform and opening-up policy, china’s economy has greatly progressed and developed for more than thirty years ago. However, the economic development contains the increasingly serious environmental problem which has severely affect people’s life. The corporation, as the subject of environmental pollution, not only attracts high attention of the governments and stakeholder, but also should obey the environmental policy and regulation to regulate its own behavior. The existed document research analyzes the motives of corporation’s environmental information disclosure mainly from the view of corporations’ external pressure. The author think the internal control as the self-restricting mechanism, nature of property right as the corporations ‘distinctive attribute, and both of them may greatly influence the corporation’s environmental information disclosure. Based on this, the thesis mainly studies the relation among internal control, nature of property right and environmental information disclosure.Based on the social responsibility theory, principal-agent theory, and information asymmetry and signal transmission theory, the thesis firstly establish the theoretical analytical framework of the relation among internal control, nature of property right and environmental information disclosure. Then, the thesis quantize the quality of corporation’s environmental information disclosure by content analysis, take the DIB internal control index as the measurement criteria of the quality of internal control, select the A stock manufacturing-listed companies of Shanghai and Shenzhen from 2012 to 2014 as the study sample, use SPSS17.0, take the descriptive statistics, correlation analysis and regression analysis methods, empirically test the influence of internal control, nature of property right on quality of environmental information disclosure, and further discuss the internal control will influence the quality of environmental information disclosure differently with different nature of property right. The study shows that( 1) the internal control, nature of property right of china’s manufacturing-listed companies are positively associated, which means the better the efficiency of corporation’s is, the better the quality of environmental information disclosure is.( 2) the state-owned enterprises have relatively high quality of environmental information disclosure.(3) compared with non state-owned enterprises, the internal control can improve the quality of state-owned enterprises ’ environmental information disclosureWith the development of market-oriented economy, the state-owned enterprises gradually get rid of the imbalance of internal power at the early period of restructuring, facing the increasingly fierce market competition, the state-owned enterprises have more motives to strengthen and perfect the internal control than the non state-owned enterprises. Therefore, the perfect internal control will help the corporations actively disclose the environmental information to the social public. In the last part, based on the study conclusion, the thesis proposes some suggestions to improve the quality of corporations’ environmental information disclosure. The author think the relevant government agencies should amplify laws and regulations, enterprise should strengthen its own internal control and perfect corporate governance structure, and give full play to the supervisory role of the mass media. We will supervise and urge enterprises actively disclose the environmental information from multi aspect and all-dimension. It is not only helpful to maintain the interests of the stakeholder, but also help the enterprise to establish the great corporate image, gain more consumers’ identification and have further development.