Corporate Governance,institutional Pressure And Environmental Performance

In recent years,the unbalanced development of China's economy has caused more and more serious environmental pollution problems,which seriously restricts the health and sustainable development of mankind.Under the background of China's comprehensive reform,can enterprises,as the main force of environmental protection and pollution control,actively respond to the call of national ecological civilization construction and reasonably improve the internal governance mechanism to achieve the goal of reducing pollution emissions and improving environmental performance?Similarly,under the external pressure from national policies,peer enterprises and public interest groups,how does an enterprise use the role of corporate governance mechanism to improve its environmental performance? Centering on these two issues,the text combines internal and external perspectives to study the correlation between corporate governance and environmental performance,and discusses the impact of different institutional pressures on the relationship between corporate governance and environmental performance.First of all,this article combed the domestic and foreign scholars to the environmental performance related concept,corporate governance and environmental performance,corporate governance system pressure and the relationship between environmental performance research,carried out on the existing research induction and summary,and compiled in this paper,the research of sustainable development theory,stakeholder theory,principal-agent theory,theory and system theory related theory,combined with the existing literature,the corporate governance,system pressure and the relationship between environmental performance theory analysis,and put forward the corresponding assumptions.Secondly,this article selects the listed companies of heavy pollution industry in2014-2018 as the research object,using the principal component analysis(pca)from shareholder governance,management and directors and supervisors three dimensions to establish comprehensive index of corporate governance,in addition to choose social responsibility report disclosure of environmental expenditure as substitution variables of enterprise environmental performance,and introduced the system pressure as a moderator variable,according to the system pressure can be divided into groups of different pressure imitate pressure,pressure and specification,on enterprise competitiveness,environmental regulation and environmental public welfare organization quantity measure.Then,by using descriptive statistics,correlation analysis and regression analysis and other research methods,empirical analysis on the relationship between corporate governance and environmental performance,and examines the different system pressure on the relationship between corporate governance and environmental performance adjustment,get the following conclusion: the corporate governance of environmental performance has significant positive influence;The positive correlation between corporate governance and environmental performance is significantly moderated by imitation pressure and forced pressure.Regulatory pressure has no significant moderating effect on the positive correlation between corporate governance and environmental performance.Finally,policy Suggestions for improving environmental performance are put forward from the perspectives of government and enterprises:For the government,one is to establish and improve national laws and regulations to encourage the development of green environmental protection industry;Second,unify the national environmental information disclosure mechanism,improve the environmental protection management system;Third,we will strengthen market openness in all regions and create a healthy competitive environment.For their enterprises,one is to coordinate the consistency of management objectives,improve the awareness of social responsibility;Second,the establishment of environmental information sharing platform,timely grasp the dynamic change of environmental protection strategy;Third,effectively integrate human management resources and promote cross-functional team collaboration.