Abstract
Based on the policy background of China “13th Five-Year Environmental Protection Plan”, this paper empirically explores the influences of external corporate features and internal governance structure on the score of environmental responsibility (ER) rating. It is concluded that the score of ER rating is positively related to corporate scale and concentration of shareholding. Besides, the findings show that the score of ER rating of heavy pollution industry is significantly lower than that of other industries. The government in China should improve the supervision system of ER information disclosure so as to drive enterprises to earnestly fulfill their social responsibility.
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Acknowledgements
This paper is the periodic research outcome of the National Social Science Fund Project (12BGL044), the“12th Five-Year Plan” Project of Education in Jiangsu Province (D/2013/01/007), the “13th Five-Year Plan” Project of Education in Jiangsu Province (D/2016/01/76), the 2015 Graduate Education Reform Project in Jiangsu Province (JGZZ15_029), the 2015 Soft Science Project in Xuzhou(KC15RH117), and the 2016 National Undergraduate Innovation Training Program (201610290062).
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Sun, Z., Lu, W., Wang, Y. et al. ER model based supervision system analysis using information disclosure. Cluster Comput 20, 215–224 (2017). https://doi.org/10.1007/s10586-017-0779-6
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DOI: https://doi.org/10.1007/s10586-017-0779-6