Research on Internal and External Pressure Model of Environmental Information Disclosure Based on Legitimacy Theory
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DOI: 10.25236/hecb.2023.017
Author(s)
Yuxin Ning, Suyao Liu
Corresponding Author
Yuxin Ning
Abstract
The disclosure and quality of environmental information play an important role in making sound decisions, while the disclosure of complete environmental information is affected by internal and external pressures. Based on the theory of legality, we construct an internal and external pressure model for the environmental information disclosure on pollution by listed companies. We measure the internal and external pressure of companies by using the entropy method with multiple regression analysis. The result shows that external pressure promotes the disclosure of corporate environmental information more than internal governance. It is suggested that the government, credit institutions, and the media play their supervisory role.
Keywords
internal governance, external pressure, environmental information disclosure, entropy method