The Study Of The Influencing Factors On The Environmental Responsibility Of The Central Enterprises

Environmental pollution incident occurred frequently in recent years,threatening the people’s life and living conditions,the survival of people for environmental protection consciousness gradually awakening,investors become more and more attention to environmental responsibility in the capital markets.Countries put forward the concept of scientific development and build a harmonious society construction,guide and standardize the management behavior of enterprises,strengthening the construction of its environmental responsibility,the central enterprises as the main body of public economy and the backbone of state-owned economy,actively perform environmental responsibility to advance the strategic adjustment of state-owned economic layout and structure,the implementation of the national macroeconomic regulation and control,enhance national comprehensive competitive power and safeguarding national economic security,promote the national economy and social environment,balanced and sustainable development has the vital role.Therefore,Central enterprise environmental responsibility has become a national obligation,and the way of the specific content of environmental responsibility and definition is still very fuzzy,fulfillment of environmental responsibilities of the state is bad,so the factors restricting the level of corporate environmental responsibility become hot issues of common concern to the social from all walks of life and key problems.Enterprise environment responsibility research starts late in our country,the author through HeXun environmental liability rate of the central enterprises to the level of environmental responsibility has carried on the quantitative,the results show that the environment responsibility of the central enterprises in China to perform at a lower level,there is a big improvement space.So the author will domestic and foreign scholars to perform the influence factors of environmental responsibility for the enterprise to carry on the summary and induction,understand the status quo of the research in the fields and frontier,the characteristics of enterprises,corporate governance,external influence,three dimensions of comprehensive influence factors as explanatory variables,selected the 2012-2015 continuous exist in Shanghai stock exchange and shenzhen stock exchange listed on the panel data of 100 companies multiple regression,and passed the robustness test,the results showed that the central enterprise’s profit ability,debt paying ability,executive sex ratio,size of the board of supervisors,social supervision level,regional level of economic development for the performance of environmental responsibility has a positive influence;Enterprise growth capacity,the company scale,the executives of age,two values,equity concentration has a negative effect on performance of environmental responsibility;Executive compensation,executive education,equity balance degree not by significance test had no significant influence to the central enterprises to fulfill environmental responsibility.In this paper,on the basis of related theory has carried on the empirical research,from the structure is divided into six parts.The first part is introduction,mainly introduced the research background,purpose,significance and the research results of scholars at home and abroad,on this basis to determine the research ideas,research methods of this article.The second part is the related concepts and theoretical basis,this paper introduces the concept of the origin of corporate environmental responsibility,and related theory,to lay a solid theoretical foundation in this paper.The third part is the central enterprises to the status quo of environmental responsibility,with the help of HeXun rate their environmental responsibility of the central enterprises to fulfill their environment responsibility present situation has carried on the quantitative and descriptive statistics.Chapter iv for the determination of influence factors,characteristics,corporate governance,from the enterprise external influence three aspects determines the impact of central enterprise environmental responsibility to fulfill the multi-dimensional comprehensive factors,and put forward the fourteen hypothesis according to the relevant theoretical basis.The fifth chapter for empirical research,through multiple regression of panel data has carried on the empirical analysis,and a robustness test was carried out.Chapter vi conclusions and countermeasures and Suggestions for research,and puts forward corresponding proposals on the shortage of the paper.