Management Incentive 、Internal Control And Quality Of Environmental Information Disclosure

Along with our country market deepening,China’s economy has made great progress and development,but together with the economic development and the environmental pollution is increasingly serious.Enterprises as the main body of market economy,manufacturing is mainly the problem of environmental pollution,therefore,environmental information disclosure can directly presents the enterprise environmental behavior is focus on the stakeholders.The existing literature on the research of environmental information disclosure mainly from two aspects of external public pressure and the corporate governance structure,this article believes that,based on the principal-agent relationship under the separation of two rights,management incentives can effectively influence managers disclosure behavior and decision,as the internal control supervision the internal mechanism of enterprises,will have an important impact on the quality of corporate environmental information disclosure.Based on this,this paper mainly studies the management incentive,internal control and environment information the relationship between disclosure quality.Based on the principal-agent theory,asymmetric information and signaling and other related research based on the theory of constructing the management incentive,internal control and the relationship between the quality of environmental information disclosure framework.Secondly,through the content analysis method to quantify the corporate environmental information disclosure quality,and the internal control index of DIB is taken as the measure of internal control quality,in addition,select the 2010-2015 in heavy polluting industries listed companies as the research sample data by SPSS20.0,using descriptive statistics,correlation analysis and regression analysis method,respectively the management incentive and internal control environment on the quality of information disclosure by the empirical test,and further discusses the management incentive effect of disclosure quality the relationship between the internal control and environmental information.The empirical study found that:(1)heavy pollution industry in China Listed The internal control and the quality of environmental information disclosure is positively related to the effectiveness of internal control of enterprises better,the environment,the higher the quality of information disclosure;(2)monetary compensation and equity incentive management incentive in the disclosure of environmental information has a significant positive correlation between the enterprises,the level of monetary compensation is higher or is the management equity incentive level is higher,the quality of environmental information disclosure are higher;(3)the management of monetary incentive or management equity incentive can enhance the effectiveness of internal control quality on corporate disclosure.Finally,put forward to improve the quality of corporate environmental information disclosure recommendations according to the conclusion of the study.This article argues that the national government should further improve laws and regulations ofenvironmental pollution,and the relevant norms of corporate environmental disclosure.Enterprises should improve the effectiveness of internal control,strengthen the incentive for management,the implementation of the environment so as to promote the disclosure behavior information.In addition,but also actively guide the various stakeholders in exercising the right of supervision,to the enterprise positive aspects,the full range of supervision enterprises to actively carry out environmental information disclosure.Thus,not only can improve the environmental pollution control good situation of the enterprise,can guarantee the long-term stable development of enterprises.