Research On The Influence Of Corporate Governance Structure On Environmental Performance Under The Action Of Environmental Responsibility Words And Deeds

With the rapid development of economy in Beijing-Tianjin-Hebei,the problem of ecological environment has become increasingly prominent.The increasingly severe environmental situation has attracted the attention of the government and other stakeholders,and also made enterprises realize the importance of their own environmental management.So,in the context of green development,is improving corporate governance conducive to improving corporate environmental performance?In addition,the disclosure and performance of environmental responsibility is not only the basis of enterprise environmental performance measurement,but also the product of corporate governance,which is closely related to corporate governance structure and environmental performance.Based on the above considerations,this paper considers whether the impact of corporate governance structure on environmental performance will change under different circumstances of environmental responsibility disclosure and performance.First of all,based on the collation of relevant literature at home and abroad,under the guidance of sustainable development theory,stakeholder theory and other theories,this paper has made a full theoretical support for the formulation of research framework and research hypothesis.Secondly,from the perspective of the whole process of input and output,this paper constructs the environmental performance evaluation index system of heavy polluting enterprises to evaluate the current situation of environmental performance in Beijing-Tianjin-Hebei region.Thirdly,put forward the research hypothesis,determine the measurement standard of variables,including corporate governance structure,environmental responsibility words and deeds,and take 2015-2018 data of Beijing-Tianjin-Hebei heavy pollution listed companies as the sample,build a multiple linear regression model,and investigate the impact of corporate governance structure on environmental performance under the full sample,and draw the following conclusions:the concentration of equity under the full sample,the frequency of the board of supervisors meeting All of them are positively related to environmental performance,but executive compensation is negatively related to environmental performance,and the nature of property right is not related to environmental performance.Then,taking the words and deeds of environmental responsibility as adjusting variables,we make group test and draw relevant conclusions:compared with the enterprises with different words and deeds of environmental responsibility,the enterprises with the same words and deeds of environmental responsibility,in terms of equity concentration,property right nature and meeting frequency of the board of supervisors The positive impact on environmental performance is significantly enhanced,and the negative effect of executive compensation on environmental performance is weakened.Finally,according to the results of quantitative research,this paper puts forward countermeasures and suggestions from the government level and the enterprise level,in order to promote the formation of a benign environmental management system,explore and promote the green development model of heavy pollution listed companies,and achieve win-win economic and environmental protection.