Stakeholder Pressure, Social Trust, Governance And The Disclosure Quality Of Environmental Information
This paper studies the relationship between stakeholder pressure, social trust, corporate governance, and the environmental information disclosure quality of listed Chinese companies. The evidence shows that stakeholder pressure and corporate governance have a positive relationship with the disclosure quality of environmental information. Higher pressure from government and creditors, and better corporate governance, results in higher disclosure quality of environmental information. Over different industries, the correlation between social trust and disclosure quality of environmental information is different. The authors find that social trust is negatively related with environmental information disclosure quality for companies that are not heavy polluting, and positively related to heavy polluting companies. Finally, they propose several suggestions for the improvement of disclosure quality of environmental information in China.