Executive Incentives?Media Attention And Environmental Information Disclosure Quality

Looking back on the 42 years of reform and opening up,China's socialist modernization has made great progress,but it is followed by many threats to the ecological environment,which must be a sense of urgency and responsibility for environmental protection and pollution control.Since the beginning of this century,China's relevant government departments have successively formulated and published a few documents related to environmental information disclosure.At the same time,enterprises,especially listed companies,as the participants of market economic activities,their related production and operation activities have also become one of the important factors that lead to environmental pollution and deterioration,and they should also take the initiative to bear the corresponding environmental information disclosure and other main responsibilities.Following the concept of green development and disclosing environmental information within the enterprise,not only can the enterprise convey information about its active participation in environmental protection to the media and other public,and further improve its environmental performance and corporate reputation,but also the external supervision of the media and other public,will force the enterprise to more actively disclose information about the impact of its production and operation activities on the environment,so as to improve their own environmental behavior level?More importantly,the enterprise abides by and pursues the environmental protection law and environmental information disclosure system.Executives are considered to be one of the internal stakeholders of the listed companies to disclose environmental information,and executive incentive is the quality of environmental information disclosure of the leading companies.However,a large number of theories and practices show that executive incentive has obvious welfare motivation and executive self-interest tendency.As an important attempt atthe internal level,how will executive incentive affect the quality of environmental information disclosure? The introduction of media attention to this external cause confirms how this factor regulates the mechanism of executive incentive and environmental information disclosure quality?According to the logical relationship of the topic,the author collects and arranges the literature at home and abroad to provide the corresponding theoretical support for the study of this paper.Based on the seven-year data of Listed Companies in Shanghai and Shenzhen A-share manufacturing industry from 2010 to 2016,and based on the hypothesis that executive incentive,environmental information disclosure quality and media attention regulate the relationship between them,this paper makes an empirical analysis,and draws the following conclusions:(1)Giving executive equity incentive and salary incentive is conducive to improving the environment of listed companies the quality of information disclosure.(2)Media attention has a positive regulatory effect on the relationship between executive equity incentive and the quality of environmental information disclosure.(3)Media attention has a positive regulatory effect on the relationship between executive compensation incentive and environmental information disclosure quality.Finally,based on the above conclusions,the paper puts forward relevant suggestions for or the enterprises and media.