摘要
在我国大力发展低碳经济的背景下,企业碳信息披露面临的社会舆情与相关部门监督等各方面的压力不断增加。以2012年上证社会责任指数成分股作为研究样本,实证检验了社会压力、碳信息披露透明度和权益资本的关系。研究结果表明:社会压力与企业碳信息披露水平正相关,高碳行业与低碳行业碳信息披露水平存在显著差异,碳信息披露水平与权益资本成本呈显著的负相关关系。研究对于碳排放管理政策评价和碳信息披露研究具有重要意义。
In the context of China＇s rapid dev elopment of low-carbon economy, the enterprises are faced with increasing pressure from public opinions and the supervision of relevant departments when disclosing carbon information. Taking the constituent stocks of SSE Social Responsibility Index in 2012 as samples, this paper empirically tests the relationship between social pressure, transparency of carbon information disclosure and equity capital. The results show that there is a positive correlation between social pressure and the level of carbon information disclosure. There exist significant differences in carbon information disclosure between high carbon industry and low carbon industry.There is a significantly negative correlation between the level of carbon information disclosure and the cost of equity capital. This study is of great significance to the evaluation of carbon emission management policy and the researches of carbon information disclosure.
作者
崔秀梅
李心合
唐勇军
CUI Xiu-mei LI Xin-he TANG Yong-jun(Nanjing Audit University, Nanjing 210029 Nanjing University, Nanjing 210029 Hohai University, Nanjing 211100, China)
出处
《当代财经》
CSSCI
北大核心
2016年第11期117-128,F0003,共13页
Contemporary Finance and Economics
基金
国家社会科学基金一般项目"基于流域生态系统管理的自然资源资产负债表编制与应用研究"(15BGL054)
江苏省教育厅哲学社会科学研究项目"低碳经济下的企业绿色投资:理论与实证研究"(2014SJB198)
江苏省教育厅高校优秀中青年教师境外研修项目(苏教师2012六号文)
关键词
碳信息披露
透明度
社会压力
资本成本
carbon information disclosure
transparency
social pressure
capital cost
