Research on Stakeholders Pressure on Chinese Listed Company's Environmental Information Disclosure

Abstract

With the improvement of corporate stakeholders' environment consciousness, the relativity between the corporate environmental information and the stakeholders' decision is growing. Company as the beginner of the industry pollution faces more and more pressure on environmental information disclosure. The article analyzes the relativity between corporate environmental information disclosure level and the pressure from different stakeholders through constructing multiple regression models. We use content analysis method to obtain environmental information disclosure index of sample companies and use multiple regression analysis to find the relativity between corporate environmental information disclosure level and the pressure from government, manager, creditor, consumer and investor. The result indicates that government's pressure is significant and negative associated with EDI. There has positive correlation between corporate environmental information disclosure and manager's pressure and investor's pressure. There has no correlation between corporate environmental information disclosure and creditor's pressure and consumer's pressure.