《信息披露与企业绩效研究开题报告（英文版）》

1.EnterpriseresourcetheoryFromtheperspectiveofenterpriseresource-basedtheory,environment-friendlyenterprisestendtodisclosemoreinformationtoconveytheirexcellentperformancetothepublicandwinagoodreputationfortheenterprisebecauseoftheirgoodperformanceintheenvironment.Forenterprises,suchinformationdisclosuremayformacomparativeadvantage,sosuchinformationdisclosuremayalsobringsomeactualeconomicbenefitstoenterprises,thatis,itmayhavesomepositiveimpactontheeconomicperformanceofenterprises.2.CorporatesocialresponsibilitytheoryThedevelopmentofenterprisesisinseparablefromthesupplyofsociety.Society,especiallytheenvironment,alsoneedsenterprisestopayenoughattention.Theemergenceofsocialresponsibilitytheoryprovidesanewdirectionforthedevelopmentofenterprises,thatis,enterprisesshouldnotonlypursueeconomicinterests,butalsotakeintoaccountsocialbenefits,soastobecomeasocialenterprisereallyneededbythesociety.Fromtheperspectiveofsustainabledevelopment,enterprises'socialresponsibility,includingenvironmentalresponsibility,notonlylaysagoodsocialfoundationforthesustainableoperationofenterprises,butalsothesourcepowerofsocialandeconomicsustainabledevelopment.Fromtheperspectiveofthepublic,theimprovementofenvironmentalawarenessmakesthepublicpaymoreattentiontothesocialresponsibilityofenterprises.Inaword,enterprisesactivelyfulfilltheirsocialresponsibilitiescanachievetheeffectofachievingboththeirowneconomicbenefitsandsocialandenvironmentalbenefits.3.VoluntaryinformationdisclosuretheoryBasedonthetheoryofvoluntarydisclosure,reliableandcomprehensiveenvironmentalinformationandsocialresponsibilityinformationdisclosurearemorelikelytoberecognizedbythepublic,andhelpfinancialanalyststopredicttheprofitabilityoftheenterprise'slong-termdevelopment.Objectiveinformationdisclosuremayalsoneedtobearavarietyofcosts,includingtheactualcostofdisclosure,thecostofeffectiveinformationexposureandthepotentialcostofmakinglong-termcommitments.Therefore,thoseenterpriseswithloosefinanceandhigheconomicbenefitsaremoreabletobearthesecosts.Therefore,suchenterprisestendtomorecomprehensiveandhigh-qualityinformationdisclosure.4.SustainabledevelopmenttheoryThetermsustainabledevelopmentisnostrangertousnow.Withtheshortageofresourcesandthedeteriorationoftheenvironment,peoplehaverealizedthateconomicdevelopmentcannotbeatthecostofdamagingtheenvironment,andthetheoryofsustainabledevelopmentwasborn.Inthecontextofglobaladvocacyforsustainabledevelopment,enterprisesshouldalsopayattentiontotheirownenvironmentalproblems.Asthepublic'sattentiontoenvironmentalissuescontinuestoincrease,asthemaindriverofeconomicdevelopment,enterprises'productionandoperationbehaviorisalwaysconcernedandsupervisedbythepublic.Enterprisescannotblindlysacrificetheenvironmenttopursuethegrowthofeconomicbenefits.Theyshouldcomprehensivelyconsidertheimpactofeconomicinterests,resourcesandpollutiontoachievesustainabledevelopment.Therefore,enterprisesneedtodiscloserelevantenvironmentalinformationtothepublicabouttheirenergyconsumptionduringtheoperationperiodandtheircontributiontoenvironmentalprotectionandgovernance.Thiscannotonlyshowthatenterpriseshaveundertakenenvironmentalresponsibility,butalsoattractmoresupportandopportunitiesforenterprises,enhancetheircompetitiveadvantageintheeconomicmarket,andrealizetheharmoniousdevelopmentofenterpriseeconomyandecologicalenvironment.CriticalevaluationofkeyitemsintheliteratureBasedontheexistingtheoreticalsupport,moreandmorescholarshavemadeempiricalresearchtotestthecredibilityoftheabovetheory.Theearliestempiricalresearch,mostlyintheformofeventresearch,beganwiththeimpactofnegativenewsandsomepositiveinformationdisclosureonenterprisestockprice.Forexample,nhjLorraine,DJcollison,DMpower(2004)tooklargeenterprisesintheUKastheresearchobject,paidattentiontothepublicationoffinesforenvironmentalpollutionandtheevaluationofgoodenvironmentalachievements,andtestedwhethertheseinformationaffectedthestockpriceinthenextmonth.Theresultsshowthatthestockmarketusuallyrespondstosuchnews,especiallythenewsaboutfines,atmost1weekafterthenewsrelease,butdoesnotrespondtothenewsaboutenvironmentalperformanceanddepartmentmembers.Cheng(2018)believesthatthisapproachhascertainlimitations.Firstly,thesamplesizeissmall,andtheconclusionisnotconvincing;Secondly,thechangeofstockpriceisshort-termandtemporary,whichismoreabouttheimpactoftheinformationonenterpriseperformance,andtheeffectofinformationdisclosureonstockpricemaytakealongtimetorespond;Finally,whetherenterpriseeconomicperformancecanpromoteenterpriseinformationdisclosurecannotbeverified.MainresearchquestionsThemainproblemsofthisstudyareasfollows:Howwillenterprisesachievesustainabledevelopmentthroughindependentandcomprehensivedisclosureofcorporatesocialresponsibilityandenvironmentalinformation?Inordertonarrowthescopeoftheinvestigation,thisstudyputsforwardthefollowingquestions:1.Basedonthecurrentprominentproblemsinenvironment,energyandpollution,whatisthecurrentsituationofenvironmentalinformationdisclosureofenergyenterprisesinChina?2.WhatarethemainproblemsofenvironmentalinformationdisclosureofenergyenterprisesinChina?3.Whataretheeffectsofenvironmentalinformationdisclosureonenterpriseperformance?4.Arethereanyrelevanttargetedsuggestionsfortheseproblemsandtheirimpact?MethodologyResearchparadigmThispaperwillusethemethodsofliteratureanalysisandcasestudytoexploretheimpactofenvironmentalinformationdisclosureontheperformanceofenergyenterprises.Firstly,thispaperusestheliteratureanalysismethodtosortoutandsummarizetheexistingliterature,clarifytheresearchdirectionofthispaper,andintroducetherelevantconceptsandtheoriestoprovideatheoreticalbasis;Secondly,thecasestudymethodisusedtostudyandanalyzethecollecteddata.ScopeofstudyBecausethisstudyfocusesonsocialenvironmentalinformationdisclosureandenterpriseperformance,thispaperreducesthesampletotheimpactofenvironmentalinformationdisclosureonenterpriseperformance.DataCollectionandPresentationBecausethisstudyisbasedoncasestudy,104energyenterpriseslistedonA-sharesinShanghaiandShenzhenwillbeselectedastheresearchsample.Duetothelagofenvironmentalinformationdisclosedbyenergyenterprises,theexplanatoryvariableofthispaperadoptstheenvironmentalinformationdatadisclosedfrom2015to2017,whiletheexplanatoryvariableadoptsthedatafrom2016to2018.Finally,atotalof312validsampledataareobtained.LimitationsofResearchDesignFirstly,thereisnoclearselectionstandardfortheenergyindustryinChina,sotheenergyenterprisesselectedinthispapermaybelackofcomprehensiveness.Moreover,duetotherelationshipbetweentimeandworkload,thispaperonlyselectsthedataofenergyenterprisesforthreeyears,withashorttimespan.Therefore,infutureresearch,scholarscanadoptmorestrictandclearindustrystandardstoselectenterprisesandprolongthetimespan.Secondly,theenvironmentalinformationdisclosedbyenergyenterprisesisrichanddiverse,butmostoftheenvironmentalinformationdisclosedbyenterpriseslackindependentthird-partyauditreports.Inthisstudy,onlytheenvironmentalinformationdisclosedbyenterprisesiscollectedandsorted,andtheimpactofthequalityofenvironmentalinformationdisclosedbyenergyenterprisesisnotconsidered.Therefore,inthefutureresearch,thequalityofenvironmentalinformationdisclosurecanbeincludedintheenterpriseenvironmentalinformationevaluationstandardtoexploreitsimpactonenterpriseperformance.EthicallssuesIntermsofethicalissues,secondarydatacollected,analyzedandimplementedinresearchprojectswillbeappropriatelycitedtoavoidplagiarism.Ifrawdataarecollected,itisimportanttoobtaintheconsentofparticipantsthroughvoluntarydecisionsbeforeconductingsurveysandinterviews.Inordertoshowthetransparencyofda