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A Study On The Relationship Among Female Executives,Environmental Information Disclosure Quality And Corporate Value

Posted on:2019-03-10Degree:MasterType:Thesis
Country:ChinaCandidate:B H ZhangFull Text:PDF
GTID:2417330545960226Subject:Accounting
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Nowadays,the social economy is developing at a high speed,accompanied by the improvement of the social and cultural level.And women's self-awareness in the awakening,daily necessities is no longer the only part in their whole life,women have outstanding performance in the workplace and the demand of female talent improve gradually.In recent years,the number of female executives in Chinese enterprises has been increasing,and their contribution to enterprises has become prominent,therefore the diversity of gender in senior management team has attracted the attention of the community.The growing economy has led to the increasingly consumption of resources.At present,serious environment pollution in our country are concerned and our government is also adopting governance measures actively.According to statistics,80% of the pollution in the natural environment comes from companies,so Chinese government attaches great importance to the environmental information disclosure of enterprises.The company's senior executives are the main policy makers of the organization,their behavior plays a guiding role in the company's management.The environmental information disclosed by the senior executive team has become a link between thecompany and its investors,not only environmental information disclosure with high quality can help the company establish a good social image,but also can enhance the company's soft power and avoid environmental risks.Can female executives of listed companies promote the enterprise to make more efforts in the environment and promote the value of listed companies?First of all,it analyzes the relationship between the three variables from the theoretical perspective and puts forward the hypothesis of this paper.Secondly,it selects 175 listed companies in heavy pollution listed in Shenzhen Stock Exchange,and collects relevant information from 2008 to 2015,then establishes evaluation indicators and models to verify the relationship between the three variables.The final findings are as follows:(1)the increase in the proportion of female executives in listed companies of heavy pollution industry will help to improve the value of the company.(2)female executives of listed companies in the heavy pollution industry can improve the quality of company environmental information disclosure.(3)the disclosure quality of listed company's environmental information plays a partial intermediary role between female executives and corporate value,that is to say,female executives can improve corporate value by improving the quality of environmental information disclosure.In summary,the following suggestions are proposed:(1)to promote the diversity of senior management team,the listed companies should increase the proportion of female executives and the efficiency as well as the effectiveness of decision-making.(2)the government should actively improve the regulations and laws related to the disclosure of environmental information of listed companies,and strengthen supervision so that the listed companies will have laws and regulations to follow in the daily environmental governance and disclosure process.(3)efforts should be made to promote the environmental protection awareness of listed company executives through publicity and education,and promote the company to contribute more to the environment and be a responsible enterprise.
Keywords/Search Tags:female executives, corporate environment information disclosure, corporate value, heavy pollution industry
PDF Full Text Request
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