Study On The Impact Of Outgoing Audit Of Natural Resource Assets Of Leading Cadres On Corporate Environmental Responsibility Fulfillment

With the rapid development of China’s economy,the problem of environmental degradation is receiving more and more attention.Since the implementation of the Guidelines for the Preparation of Enterprise Environmental Reports in 2011,heavily polluting enterprises have been required to fulfill their environmental responsibilities and disclose environmental information,yet in reality many resource-based and heavily polluting enterprises still suffer from a lack of environmental responsibility,and the situation remains grim.The responsibility of ecological environment and natural resource asset management into the performance appraisal system of the leading cadres’ natural resource asset discharge audit occupies an important position in the national environmental governance.The phased implementation and gradual expansion of the policy has created a "quasi-natural experimental scenario",which provides the premise for studying the micro governance effects of the policy on enterprises.Based on this,this paper takes 2011-2017 as the time window,selects A-share listed resource-based and heavily polluting enterprises as the sample,constructs a multi-period double difference model to test the national governance role of government auditing from the perspective of corporate environmental responsibility fulfillment,explores the mediating role played by legal regulation in the relationship between leading cadres’ natural resources assets discharge auditing and corporate environmental responsibility fulfillment,and conducts further analysis from different perspectives such as firm-level The study also examines the role of legal regulation in mediating the relationship between corporate environmental responsibility and the discharge of natural resource assets by leading cadres,and further analyses it from different perspectives,including firm-level and external differences.The findings show that,first,the level of corporate environmental responsibility fulfillment in the pilot cities is higher than that in the non-pilot areas,i.e.,the leading cadres’ natural resources assets exit audits can significantly promote corporate environmental responsibility fulfillment.Second,the implementation of the leading cadres of natural resources assets out of office audit can strengthen the level of regional legal regulation to a certain extent,providing a good rule of law environment for corporate environmental behavior,thus promoting the fulfillment of corporate environmental responsibility.Third,further analysis reveals that,in addition to enterprise size,the nature of enterprise property rights,regional differences and media attention all have an impact on the relationship between leading cadres’ natural resource asset discharge audits and the fulfillment of corporate environmental responsibility.Specifically,regardless of whether the enterprise is large or small,the discharge audit of natural resource assets can promote the fulfillment of corporate environmental responsibility,and there is no significant difference between the two;compared with state-owned enterprises,the discharge audit has a stronger effect on the fulfillment of environmental responsibility of non-state-owned enterprises;compared with the eastern region,the implementation of the pilot discharge audit in the central and western regions can promote the fulfillment of corporate environmental responsibility;the higher the media attention,the more the discharge The higher the media attention,the more the audits can promote the fulfillment of corporate environmental responsibility.Finally,based on the above findings,this paper proposes the following policy recommendations at the governmental,social and enterprise levels: improve the system of exit audit of natural resource assets;strengthen the application of audit results;innovate audit methods;strengthen the training of auditors;strengthen the construction of legal environment;actively play the function of media supervision on the environmental governance of enterprises;and enterprises should improve their environmental awareness and cultivate self-discipline in fulfilling their environmental responsibilities.