Research On Enterprise Water Information Disclosure Under Internal And External Demand Orientation

The global water crisis has become the third biggest threat in the world,and will become one of the most serious and practical problems that we must face in the 21st century.Dealing with the risk of water resources has an extraordinary significance for both country and enterprise.For a long time,Chinese enterprises have always said better than done better about the water environment.The shortcomings and delays in water information disclosure are the important reasons for enterprises to act arbitrarily.Water information disclosure is the link of enterprises,the public and the state.The research on it can guide enterprises to conduct high-quality water information disclosure,coordinate the relationship between the economic development and ecological environment,and promote the construction of ecological civilization and sustainable development in China.At present,environmental accounting mainly focus on existing research in China's carbon emissions,but few research of water information disclosure is covered.Based on sustainable development theory,signal theory,stakeholder theory and social responsibility theory,this paper constructs a theoretical research framework of internal and external demand orientation on the basis of China's green credit policy.At the same time,I select the study sample of 594 heavy polluting enterprises,and uses empirical research to probe into the influence factors of enterprise water information disclosure.The study found that the internal and external factors of enterprise scale,production safety,equity structure,national policy and other enterprises will have an impact on enterprise information disclosure of water.Then the theory is applied to practice,and the relevant elements of the theoretical framework are further tested with practical cases.Finally,some suggestions are put forward according to the conclusions:(1)Promoting the system construction of industry self-discipline,encouraging enterprises to make voluntary disclosure and accept social supervision.(2)Improve the water information disclosure policy and regulation system of enterprises,and control their water information disclosure.(3)Water environmental performance factors should be added into the selection and incentive mechanism of enterprise managers.(4)Further optimize the green financial policy and lead enterprises to disclose water information with high quality.