Information disclosure on environmental effort by firms for socially responsible investment

企业社会责任投资环境努力信息披露

• 批准号: 22730290
• 负责人: NAKANO Makiko
• 金额: $ 1万
• 依托单位: Nagoya University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Young Scientists (B)
• 财政年份: 2010
• 资助国家: 日本
• 起止时间: 2010 至 2012
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22730290/
• 关键词: 社会的責任投資; カーボン; ディスクロージャー; プロジェクト; 情報公開; 企業の社会的責任; カーボンディスクロージャープロジェクト

Recently, socially responsible investment attracts attention. Information disclosure on firms’ environmental efforts is important for diffusion of socially responsible investment. This study focuses on Carbon Disclosure Project and the purposeof this study is to examine the factors that influence information disclosure by firms.The sample period is from 2006 through 2008. The sample firms is the firms that are included in CDP Japan 500 and that emit large amount of greenhouse gas emissions.The dependent variable is the variable that shows the degree of providing environmental information. The independent variables are those that are considered to be associated with the information disclosure by firms. The estimation results show that the foreign shareholding ratio, Herfindahl Index, number of employees, advertisement expenditure and debt asset ratio have statistically significant effect on environmental information disclosure by firms.

最近，社会责任投资引起了人们的关注。企业环境工作的信息披露对于社会责任投资的传播非常重要。本研究以碳信息披露项目为研究对象，以2006 - 2008年为样本期，考察影响企业信息披露的因素。样本企业是CDP日本500强中温室气体排放量大的企业，因变量是表示环境信息提供程度的变量。自变量是指那些被认为与公司信息披露有关的变量。结果表明，外资持股比例、赫芬达尔指数、员工人数、广告支出和资产负债率对企业环境信息披露有显著影响。