央企高管政治晋升预期与环境信息披露质量——基于重污染行业的实证研究被引量：3

Executive’s Political Promotion Expectation of the Central SOEs’ and Political Promotion Expectation of Central SOEs’ Executives and Environmental Information Disclosure Quality——An Empirical Study based on Heavily-polluting Industries

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摘要选取重污染行业央企上市公司为研究对象,通过手工整理其高管个人特征数据,实证检验高管政治晋升预期与环境信息披露质量的关系。研究发现:重污染行业央企董事长政治晋升预期与环境信息披露质量显著负相关,支持政治晋升预期“消极效应”假说,但总经理政治晋升预期对环境信息披露质量影响不显著,说明“一把手”现象在央企较为突出。而且,地方政府环境监管力度越强,重污染行业央企董事长政治晋升预期与环境信息披露质量的负相关性越显著,表明董事长在面临政治晋升机会时存在“风险规避”倾向;公司上市年限越长,董事长政治晋升预期对环境信息披露的负向影响越低,表明声誉“软约束”能发挥积极作用。 This paper empirically studied the relationship between executives’political promotion expectation and environmental information disclosure quality focusing on central SOEs in heavily-polluting industries,with hand-collected data of executives’personal characteristics.It was found that central SOEs’chairmen’s political promotion expectation was significantly negatively correlated with the quality of environmental information disclosure in heavily-polluting industries,supporting the“negative effect”hypothesis of political promotion expectation,but presidents’political promotion expectation had no significant impact on that,which indicates that the“first-in-command”phenomenon is prominent in central SOEs.Moreover,under the influence of local governments’environmental supervision,the negative relationship between chairmen’s political promotion expectation and environmental information disclosure quality is stronger,showing that chairmen have a tendency to“evade risks”when facing political promotion opportunities;while the listed age can inhibit the negative relationship,indicating that the“soft constraint”of reputation plays a positive role.

作者李强王圣营 LI Qiang;WANG Shengying(School of Management,China University of Mining&Technology,Xuzhou Jiangsu 221116,China)

机构地区中国矿业大学管理学院

出处《北京理工大学学报（社会科学版）》 CSSCI 北大核心 2019年第6期22-30,共9页 Journal of Beijing Institute of Technology：Social Sciences Edition

基金国家社会科学基金一般项目“管理防御对企业选择性环境信息披露的影响及控制机制研究”(16BGL067)

关键词政治晋升预期环境信息披露央企重污染行业 political promotion expectation environmental information disclosure central SOEs heavily-polluting industry

分类号 F426 [经济管理—产业经济]

作者简介李强(1980-),男,博士,教授,E-mail:kdliqiang@163.com。