环境绩效信息披露及其影响因素实证研究_来自我国上市公司社会责

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9、Companies: Empirical Evidence Based on Social Responsibility Reports HE Li mei 1 HOU Tao 2 ( 1. School of Economics and Management, North China University of T echnology, Beijing 100144, China; 2. China National Electronics Import and Export Corporation, Beijing 100044, China Abstract Previous study

10、 on environmental disclosure in Chinese listed companies was all based on information in annual reports. We perform our empirical analysis based on the sample of 112 listed companies 2008 Social Responsibility Reports in heavily polluted industry. We develop an environmental performance information

11、disclosure index ( EPDI and evaluate the environmental performance information disclosure according to the Sustainability Reporting Guidelines Version 3. 0 ( G3 developed by the Global Reporting Initiative ( GRI in 2006. Then we develop a multivariate linear regression model to test the determinants

12、 of environmental performance information disclosure. We find that EPDIs are critically low and are significantly positive correlated to corporate size. And the EPDIs of Shanghai Stock Exchange which had more rigid regulation on environmental information disclosure are significantly higher than those of Shenzhen Stock Exchange. We find no significant relationship between financial leverage, profitability , controller, economic zones and EPDIs. So to improve the disclosure of environmental performance information, we should strengthen regulation a