摘要
本文以2012-2014年连续三年披露碳信息的A股上市公司为研究样本,基于公司内部治理特征与外部治理特征,研究其对碳信息披露的影响。实证发现:我国上市公司碳信息披露整体质量较低,高碳行业的碳信息披露质量稍高于低碳行业;从全行业来看,第一大股东持股比例、控股股东性质及利益相关者治理对碳信息披露质量存在显著的正向影响;从分行业来看,影响高碳行业和低碳行业的碳信息披露质量的影响因素存在显著差异,影响高碳行业碳信息披露质量的因素主要为公司利益相关者治理的外部治理因素,而影响低碳行业的因素包括内部治理结构因素及外部治理的利益相关者治理因素。并且,相同的影响因素(利益相关者治理特征)对两个行业的影响效果也不同。
In the perspective of corporate governance,the paper selected a-share listed companies that had disclosed carbon information from 2012 to 2014 as samples in empirical analysis,to study the impacts on the quality of information disclosure of carbon from the two aspects of internal governance and external governance characteristics,and we found that:The carbon disclosure quality of listed companies is not high,and the disclosure quality of high-carbon industry is higher than that of low-carbon industry;From the whole industry point of view,the proportion of the largest shareholder,the nature of controlling shareholder and stakeholders' governance,these three factors show a significant positive impact on the quality of carbon disclosure;From the angle of industry,the impact factors of carbon disclosure between high-carbon industry and low-carbon industry have significant differences; the impact factors of high-carbon industry mainly contain the external factor:the level of stakeholders governance.However,the factors affecting the low-carbon industry includes internal governance structure and external governance factors.What's more,the same factors(the characteristics of stakeholder governance)'influences on these two industries are different.
出处
《财会通讯（下）》
北大核心
2017年第1期20-25,共6页
Communication of Finance and Accounting
基金
国家社科基金"基于雾霾治理视角的碳减排优化模式与碳审计研究"(项目编号:15BGL060)
河海大学中央高校基本科研业务费专项资金(项目编号:2015B22914)
江苏省教育厅高校哲学社会科学研究基金指导项目"我国上市公司碳信息披露与效应的实证分析"(项目编号:2012SJD630069)的阶段性研究成果
关键词
碳信息披露
公司治理
内部治理特征
外部治理特征
Carbon disclosure
Corporate governance
Internal governance
External governance
