Research On Management Incentives?Media Concerns And The Quality Of Corporate Environmental Information Disclosure

In the past 40 years of reform and opening up,with the rapid development of national economy,environmental problems have become increasingly serious.In recent years,environmental issues have become the focus of enterprises and the public.Environmental information disclosure is conducive to improving the transparency of enterprises' environmental behavior and increasing stakeholders' understanding of listed companies' environmental performance.With the frequent environmental pollution incidents of listed companies,the public is deeply concerned about the environmental protection work of Listed Companies in China.Based on this background,this paper empirically examines the positive effect of managerial incentives on the quality of environmental information disclosure of listed companies.On this basis,it further studies whether the positive effect of managerial incentives on the quality of environmental information disclosure of listed companies will change and how it will change when enterprises are under the pressure of external media attention.Finally,according to the results of this study,from the perspective of enterprises,media and government,some suggestions are put forward to improve the quality of environmental information disclosure.The results of this study show that:(1)management compensation incentive and management equity incentive are conducive to improving the quality of environmental information disclosure of enterprises,but compared with management incentive,management equity incentive plays a stronger role in improving the quality of environmental information disclosure of enterprises;(2)when enterprises have external media attention,management compensation incentive on environmental information disclosure of listed companies.The positive effect of quality has been weakened significantly,while the positive effect of management equity incentive on the quality of environmental information disclosure of listed companies has been significantly enhanced.This shows that when there is external media attention,compared with management incentive,management equity incentive is more conducive to improving the quality of environmental information disclosure of enterprises.Environmental problems not only affect the survival and development of enterprises themselves,but also affect the survival and development of everyone.The solution of environmental problems not only rely on the efforts of enterprises themselves,but also closely link the public with enterprises.In addition,when solving the environmental problems of enterprises,we should pay attention to the role of the media,and use the power of the mediato supervise the environmental information disclosure of listed companies.