企业环境信息披露的驱动机制与调节效应-基于利益相关者视角的研究

Since China is facing increasingly severe environmental pressure, it have been realized that environmental information disclosure (EID) can be used as an important tool to regulate corporate environmental practices in order to promote enterprises for shouldering their environmental responsibility. Based on the stakeholder theory, this study focuses on an important issue that how to drive enterprises timely, turely and completely disclosing their environmental information, by means of measuring the level of environmental information disclosure and analyzing its evolution, and identifying the key driving forces. We will further split the environmental information disclosure into two types (i.e., voluntarily environmental information disclosure, mandatory environmental information disclosure), and empirically examine how the pressures of external stakeholders and the internal economic motivation drive enterprises voluntarily and mandatory disclosing their environmental information, and then explore how the important corporate characteristics (i.e., ownership and product market competition) have direct effects on EID and how these corporate characteristics moderate the relationship between the diving forces and EID. It is hoped to provide a better understanding on the mechanism of driving forces on corporate environmental disclosure behaviors in China, and helps to propose the effective measures impelling enterprises to undertake environmental responsibility.

随着中国面临日益严峻的环境压力，企业环境信息披露已成为加强外部监管、促进企业履行环境责任的重要手段。针对我国企业环境信息披露的问题，本课题以利益相关者理论为理论基础，通过对企业环境信息披露水平的系统测度及其演绎规律的分析，识别企业环境信息披露的关键驱动力。进一步将企业环境信息披露细分为自愿性与强制性环境信息披露，研究外部利益相关者压力及企业内部经济动机对自愿性与强制性环境信息披露的响应机理，分析企业特征变量（所有权特征和企业产品市场竞争）对企业环境信息披露的直接效应与调节作用。本课题致力于寻求一个对当前中国企业环境信息披露的理论解释，为探索企业环境信息披露的有效驱动与治理机制，以期为企业积极履行环境责任提供支撑，并为政府有关部门提供政策制定的理论依据。

近年来，中国发生了一系列重大环境污染事件，一些重大环境事件发生后未能及时发布信息，进而产生不良社会影响甚至引发群体事件，造成不良社会影响。企业环境信息披露已经成为社会广泛关注的问题。.本研究密切结合我国管理情境，对以下三个方面进行了深入研究：①基于利益相关者、资源基础观和社会资本等理论，深入探究了外部利益相关者（企业政治资本、行业环境等）对我国企业环境信息披露的驱动机制；②考察了多种因素对环境绩效与经济绩效之间关系的影响及影响机制；③基于合法性理论、社会心理学认知理论、信号理论等，研究了环境违法事件对企业声誉的影响，以及投资者的反应。上述研究内容为构建全面环境管理理论框架奠定了基础。.基于上述研究，本项目已在SSCI/SCI 期刊发表（录用）论文18篇，出版专著1本，研究成果得到众多国际知名学者引证和肯定，为企业环境创新管理提供了最新理论支持，并为政府政策制定提供了扎实的理论依据。