The Research On The Two-way Supervision About The Quality Of The Voluntary Disclosure Of Information Research

Along with the social the public and the government is becoming more and more attention to the problems of environment,more and more enterprises exist "greenwash".Environment information disclosure quality is not only the enterprise reputation,improvement of environmental performance of the specific performance,and it is the basic information of the stakeholders decision basis.Used to supplement the mandatory environmental information disclosure,voluntary information disclosure quality to improve the overall environmental quality of information disclosure,inhibition of "green" behavior is of great significance.Firstly,based on domestic and foreign scholars research results,Sums up the theoretical basis for enterprises voluntary information disclosure,mainly include legitimacy theory,the stakeholder theory and legitimacy theory of voluntary disclosure.Generalize the existing evaluation index system of environmental information disclosure,according to the actual situation of our country,we establish a voluntary environmental disclosure index to measure the quality of corporate voluntary disclosure of information.We consider Shenzhen Stork Exchange A-share all industries as the samples,and using VED as the dependent variable,from social auditing and the government environmental protection verification two-way supervisions investigate the problem of the voluntary information disclosure quality,find that:(1)Social auditing has significant positive correlation with VED at 1% level;(2)The government environmental protection verification is verification significant positive to VED at 1% level,too.At the same time,this paper also introduces the characteristics of internal governance as cross variables,further find:(1)the nature of the controlling shareholder,the number of independent director,executive education background and political background can promote the social audit and the government environmental protection verification for its role in quality of voluntary information disclosure;(2)Executives age and supervisors' size have no obvious role in promoting to social audit and the government environmental protection verification.Finally,according to the empirical results of this analysis,we put forward recommendations in five areas: TheCarry out government environmental protection verification;Strengthening environmental auditing;Improving corporate governance;Enhance environmental awareness of stakeholders;Establish reward punishment mechanism to improve voluntary environmental quality of information disclosure.