Internal Controls,Analyst Focus And Corporate Environmental Performance

With the acceleration of economic development and the improvement of the market economy,China’s GDP has continued to grow,but with it,environmental pollution problems have occurred frequently.The 2021 government work report of the two sessions put forward "carbon neutrality" and "carbon peak",and introduced a series of environmental protection policies and regulations to save the deteriorating ecological environment,but relying on the strength of the government alone is far from enough.As the main body of market economic activities and the main consumer of resources,enterprises should actively assume the responsibility of protecting the environment.As an independent third party,analysts can give full play to their external supervision and governance role to restrain the behavior of enterprises.At the same time,analysts can also play their role as information intermediaries,and convey the relevant information of the enterprise into information that the public can understand through professional interpretation,reduce the information asymmetry between the enterprise and the investor,and form a comprehensive supervision of the enterprise.Based on this,this paper explores the impact of internal controls on corporate environmental performance and the impact of analyst concerns on the relationship between the two.First of all,this paper sorts out the research results of related issues,then puts forward research hypotheses according to relevant theories,and finally selects 597 sample data of A-share listed companies in Shanghai and Shenzhen from 2017 to 2019 for empirical testing,and studies the impact of internal control on corporate environmental performance and the impact of analysts’ attention on the relationship between the two.At the same time,the impact of internal control on the environmental performance of enterprises under different property rights and growth capabilities is further studied.Relevant conclusions were drawn:(1)internal control has a significant role in promoting the improvement of corporate environmental performance;(2)analysts focus on further strengthening the relationship between internal control and corporate environmental performance.Finally,it puts forward policy suggestions such as enterprises to strengthen their own internal control construction.The research in this paper provides a new perspective on the relationship between internal control,analyst concerns and corporate environmental performance,and provides new ideas and methods for promoting enterprises to actively assume environmental responsibilities and thus promote the improvement of environmental problems in China.