The Effect of Internal Stakeholders on Environmental Performance Information Disclosure: Evidence from China

Abstract:

This study examined the impact of internal stakeholders on environmental performance information disclosure. Based on data from Shanghai A-share companies for the period 2008 to 2011, we differentiated the effects among different groups of internal stakeholders. Our results show that shareholding ratio of the top ten major shareholders and the number of corporate employees positively affects environmental performance information disclosure (EPID) significantly, and institutional shareholding ratio negatively affects environmental performance information disclosure significantly. We do not find shareholding ratios of small and medium-sized investors, qualified foreign institutional investors (QFII) and B-share investors affect EPID significantly. Our results suggest that internal stakeholders do affect environmental performance information disclosure, but the extent varies depending on specific groups of internal stakeholders.

• Periodical: Applied Mechanics and Materials (Volumes 448-453)
• Pages: 4407-4411
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.448-453.4407
• Online since: October 2013
• Authors: Ke Peng*, Yong Bo Kang
• Keywords: Environmental Performance, Information Disclosure, Internal Stakeholders

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