Supplier Concentration,Corporate Reputation And Environmental Information Disclosure Quality

At present,trade frictions around the world have aroused concern about supply chain security,and more enterprises are aware of the necessity of establishing stable cooperative relations with suppliers.Supplier concentration is a measure of the relationship between suppliers and enterprises.More concentrated suppliers can reduce the uncertainty of enterprise procurement activities and save transaction costs.In recent years,the correlation between supplier concentration and business decision has become one of the research focus.The existing literature has discussed the influence of supplier concentration on financial behavior such as enterprise audit opinion purchase,financial leverage,commercial credit and so on,but rarely pays attention to enterprise environmental behavior.Environmental information disclosure is an important tool for enterprises to transmit their environmental performance to the outside world.Based on this,this paper studies whether supplier concentration can affect the quality of environmental information disclosure,and analyzes whether corporate reputation affects the relationship between them.Based on the background of environmental information disclosure and supplier information disclosure system in China,based on signal transmission theory,relationship contract theory,resource dependence theory,cost-benefit theory,social capital theory and legitimacy theory,this paper constructs a theoretical analysis framework of the relationship between supplier concentration and environmental information disclosure quality.Secondly,the regression model is constructed to test the relationship between supplier concentration and environmental information disclosure quality and its action path.Then the regulatory variable of corporate reputation is introduced to explore whether corporate reputation can regulate the relationship between supplier concentration and environmental information disclosure quality.At the same time,the heterogeneity of corporate reputation regulation under different legal environment and public awareness of environmental protection is further investigated.The results show that there is a significant inverted-U relationship between supplier concentration and environmental information disclosure quality.With the increase of supplier concentration,the quality of enterprise environmental information disclosure increases first and then decreases.The mechanism test shows that management shortsightedness plays an intermediary role between supplier concentration and environmental information disclosure quality.Further considering the reputation of enterprises,corporate reputation weakens the correlation between supplier concentration and environmental information disclosure quality,making the inverted-U curve more gentle.Moreover,in areas with sound legal environment and high public awareness of environmental protection,the regulatory role of corporate reputation is more obvious.Finally,in order to improve the quality of enterprise environmental information disclosure in China,this paper puts forward some policy suggestions,such as scientifically maintaining the relationship with suppliers,perfecting the corporate governance mechanism and supervision mechanism,strengthening the governance effect of reputation,strengthening the construction of legal environment and raising public awareness of environmental protection and so on.This paper expands the "double-edged sword" effect of supplier concentration from the perspective of enterprise environmental behavior,which not only enriches the research on the economic consequences of supplier concentration and the influencing factors of enterprise environmental behavior choice,but also provides a decision reference for the government to standardize the enterprise environmental behavior and improve the quality of environmental information disclosure from the perspective of formal system and informal system.