External Pressures, Top Executives’ Characteristics and Environmental Information Disclosure: Empirical Evidence from Listed Companies of Heavy Pollution Industry

Based on stakeholder theory, this paper takes China’s listed companies of heavy pollution industry from 2011 to 2014 as the research objects, and studies the working mechanism of external pressures and top executives’ characteristics on level of environmental information disclosure (EDI). The results show that external pressures from government regulation and public opinion supervision significantly improve EDI; Top executives’ compensation affects EDI most, followed by top executives’ political connections; Top executives’ shareholding is slightly positively correlated with EDI; Enterprises with political connections receive more government regulation and public opinion supervision than those without; Top executives’ political connections weaken the effect of government regulation on EDI.

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Evaluation of Environmental Information Disclosure of Listed Companies in China’s Heavy Pollution Industries: A Text Mining-Based Methodology

Sustainability ◽

10.3390/su13105415 ◽

2021 ◽

Vol 13 (10) ◽

pp. 5415

Author(s):

Rongjiang Cai ◽

Tao Lv ◽

Xu Deng

Keyword(s):

Text Mining ◽

Information Disclosure ◽

Listed Companies ◽

Environmental Information ◽

Evaluation Framework ◽

Scoring Method ◽

Study Results ◽

Environmental Information Disclosure ◽

Heavy Pollution

Environmental information disclosure (EID) of listed companies is a significant and essential reference for assessing their environmental protection commitment. However, the content and form of EID are complex, and previous assessment studies involved manual scoring mainly by the experts in this field. It is subjective and has low timeliness. Therefore, this paper proposes an automatic evaluation framework of EID quality based on text mining (TM), including the EID index system’s construction, automatic scoring of environmental information disclosure quality, and EID index calculation. Furthermore, based on the EID of 801 listed companies in China’s heavy pollution industry from 2013 to 2017, case studies are conducted. The case study results show that the overall quality of the EID of listed companies in China’s heavily polluting industries is low, and there is a gap differentiation between the 16 industries. Compared with the subjective manual scoring method, TM evaluation can evaluate the quality of EID more effectively and accurately. It has great potential and can become an essential tool for the sustainable development of society and listed companies.

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Analysis on Environmental Information Disclosure of Listed Companies in Heavy Pollution Industries in Shandong Province

Learning & Education ◽

10.18282/l-e.v9i4.1702 ◽

2021 ◽

Vol 9 (4) ◽

Author(s):

Xuan Wang

Keyword(s):

Information Disclosure ◽

Listed Companies ◽

Environmental Information ◽

Current Situation ◽

Shandong Province ◽

Environmental Information Disclosure ◽

Heavy Pollution ◽

Countermeasures And Suggestions ◽

Different Levels

Based on the research samples of Listed Companies in heavy pollution industries in Shandong Province, this paper studies the current situation of their environmental information disclosure, finds out the problems existing in the environmental information disclosure of such companies, analyzes the causes of the problems from different levels, and finally puts forward countermeasures and suggestions to improve the environmental information disclosure of Listed Companies in heavy pollution industries, in order to provide some reference for improving the level and quality of environmental information disclosure of Listed Companies in heavy pollution industry.

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Environmental Information Disclosure and Auditing of Listed Companies in Heavy Pollution Industries

E3S Web of Conferences ◽

10.1051/e3sconf/202018502018 ◽

2020 ◽

Vol 185 ◽

pp. 02018

Author(s):

Shi Xiao

Keyword(s):

Information Disclosure ◽

Audit Fees ◽

Listed Companies ◽

Environmental Information ◽

Financial Statement ◽

Related Information ◽

Environmental Information Disclosure ◽

Heavy Pollution ◽

Audit Opinions ◽

The Impact

Concentrating on environmental issues in financial statement auditing is the main way for auditors to fulfill their environmental protection responsibilities. By studying the impact of environmental information disclosure on audit fees and audit opinions, we can infer how closely the auditors focus on environmental matters to some extent. In this paper, listed companies with serious pollution in A-share market in China from 2014 to 2019 are selected as research samples to explore the correlation among environmental-related information disclosure, audit fees and audit opinions. Through empirical analysis, it is found that the level of environmental information disclosure of listed companies in heavily polluted industries is positively correlated with the audit fees, and negatively correlated with the publication of non-standard audit opinions.

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