Abstract
Under the background of the construction of ecological civilization in China, since China has a vast amount of territory and large distances between cities, the intensity of environmental supervision in different regions may affect the enthusiasm of enterprises to disclose carbon information. Based on the listed companies of the Chinese heavy pollution industry from 2009 to 2014, using the content analysis method, the paper researches the influence of the spatial heterogeneity regarding government regulation and spatial distance on enterprise carbon information disclosure and puts forward some suggestions. The empirical results show that carbon information disclosure is significantly positively related with the spatial heterogeneity of government regulation. The spatial heterogeneity of government regulation is significantly positively associated to non-financial carbon information disclosure. The relationship between government supervision and financial carbon information disclosure is not significant. Spatial distance and carbon information disclosure are significantly positively related. There is also a significant positive correlation between spatial distance and financial carbon information disclosure. Further study finds that in public enterprises, the spatial heterogeneity of government regulation will promote carbon information disclosure, and the influence of spatial heterogeneity of government regulation on non-financial and financial carbon information disclosure both are significantly positively related. In non-public enterprises, spatial distance and carbon information disclosure are significantly positively related, and spatial distance and non-financial carbon information disclosure are significantly positively related as well.
Highlights
On 25 September 2015, China announced that the CO2 emissions per unit of gross domestic product (GDP) will decline 60%–65% from 2005 to 2030
It shows that the key to improving the quality of carbon information disclosure is to promote the level of financial carbon information disclosure on the premise of maintaining the level of non-financial carbon information disclosure
The minimum value of government regulation (GOV) is 8.300, the maximum value is 85.300, the average value is 47.841, and the standard deviation is 17.029, which indicates that the degree of government supervision in different regions is quite different; the mean of the spatial distance is 3.575, and the standard deviation is 1.874, which indicates that the difference of spatial distance is great
Summary
On 25 September 2015, China announced that the CO2 emissions per unit of gross domestic product (GDP) will decline 60%–65% from 2005 to 2030. Environmental information disclosure is considered one of the important models of environmental regulation [2] Developed countries such as the USA, Canada, and Australia have forced enterprises to disclose carbon information [3,4,5]. The different regulatory pressure among regions is an important reason for the difference of carbon information disclosure level of enterprises [8]. Geographical location is the main factor affecting the level of environmental information disclosure [9] These differences affect the enthusiasm of enterprises to disclose carbon information. 2014, this paper will analyze the factors affecting the carbon information disclosure of enterprises from the perspective of space, enrich the research literature in this field, and provide information reference for the government’s environmental regulatory decision-making
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