Research On Environmental Responsibility Information Disclosure Of Shanghai Stock Exchange In Biological Medicine Industry Under The Legitimacy Theory

Since Suchman gave the definition of legitimacy authority, academic field use thelegitimacy theory in the political science theory, which comes from economic andpolitical area, from then on, there began a new beginning of research on corporateenvironmental responsibility information disclosureThe public want the enterprise to do more on the environment responsibility, thecompany faces more pressure comes from the public, there is a trend that firstly a quitesmall number of the company disclose their environmental responsibility informationvoluntarily, which is in the field of population industry,then laws and regulations comefrom government and industry organizations want the company to disclose theirenvironmental information, and now more and more company realize that thedisclosure of environmental information can help the company to get higher reputationand so on, generally speaking,the quality and level of the environmental informationdisclosure have improved.Legitimacy theory provides a new perspective on the research of the motivation ofenterprise environment responsibility information disclosure. This article use thecombined research methods of normative research and empirical research within theframework of legal theory, using the data comes from annual report and socialresponsibility report of pharmaceutical industry enterprise. Carry on the comparativeanalysis form the channels and content percept. For the content area, analysis thecontent and index of the environmentally responsible information disclosure form thevoluntary and mandatory perspective, from the perspective of legitimacy, use the dataform2009、2010and2011to analysis comparably, in order to observe the trend of theenvironmental responsibility changes, then to form the descriptive statistics of ourcountry enterprise environmental information disclosure, and the problem are faced inthe environmental responsibility information disclosure area, and give therecommendations for future development of environmental responsibility informationdisclosure.This paper research on the present situation and problem in the area of environmental responsibility information disclosure, and are divided into six parts tostudy on it, the structures are as follows.The introduction part gives the background and meanings of our research, andreview the research result both home and abroad, and point out the research contentsand method, finally the innovation of the research.The first chapter is the theory background of the research., talking about thebackground and significance of the research, which includes the sustainabledevelopment theory, stakeholder theory, asymmetric information theory, principal-agenttheory and legitimacy theory, at the same time, mainly talking about he meanings of thelegitimacy theory, these theory forms the basic foundation of the following research.The chapter two focus on the legitimacy theory and environmental informationdisclosure, firstly, explain the corporate environmental responsibility informationdisclosure at the background of legitimacy theory, and the government regulations atthe pressure of legitimacy the corporate faces.The chapter three analysis the current situation of listed company in the ourbiological medicine industry in our country. The first part focus on the distribution ofthe corporate and description of the characteristics of the public pressure. The secondpart is taking about the voluntary information disclosure under the pressure of thelegitimacy the company faces, and analysis from the ways and the content. The thirdpart analysis the execution result of the mandatory environmental informationdisclosure under the pressure of government regulations.The fourth part analysis the problems which comes from the third part, andresearch from the ways and content of the disclosure, and the same time, analysis thereasons of the problems.The chapter five is the conclusions and recommendations of the research, comingto a result of the research, and giving the recommendations of the future developmentof the corporate environmental responsibility information disclosure, finally, giving thedeficiencies of this study.