Research On The Relationship Between Organizational Legitimacy And The Quality Of Corporate Environmental Accounting Information Disclosure

The quality of corporate environmental accounting information disclosure is an important window for external stakeholders to evaluate the performance of enterprise s' responsibility for environmental protection,and China's polluting enterprises are the key to the effective implementation of the national "green mountain and gree n water" development strategy.From the perspectives of system and strategy,this paper firstly studies how the two kinds of organizational legitimacy affect the quality of environmental accounting information disclosure of polluting enterpri ses in China,and further studies the situational effects of institutional investors,pollution severity and property rights difference.The empirical results of China's polluting enterprises show that: When the political and market legitimacy are lower and the pressure of legitimacy is stronger,enterprises are more likely to improve environmental accounting information disclosure quality.The influence of political and market legitimacy on the quality of corporate environmental accounting information disclosure is stronger in enterprises with higher pollution levels.The more shares held by institutional investor,the stronger the influence of market legitimacy on corporate environmental accounting information disclosure quality,while the weaker the influence of political legitimacy.The relationship between market legitimacy and corporate environmental accounting information disclosure quality is stronger in non-state-owned enterprises,where institutional investors own more shares.The relationship between political and market legitimacy and corporate environmental accounting information disclosure quality is also more obvious in the non-state-owned enterprise group,where the degree of pollution is denser.This paper suggests: on the one hand,the government and regulators should strengthen the policy of environmental accounting information disclosure;on the other hand,mobilize sufficiently the positivity of market participants to monitor environmental information.In order to effectively improve the quality of environmental accounting information of China's polluting enterprises,we must rely on the double-wheel drive mechanism of political legitimacy and market legitimacy.