CAJ | 학술논문

当前，政府以信贷政策促进企业披露环境信息的理念初步形成，推进环境信息公开已成为政府工作的重要内容之一。论文以2010—2012年沪深石化塑胶行业A股上市公司为样本，采用相关分析、回归分析等方法对市场化、债务融资与环境信息披露进行研究，旨在探讨不同市场化地区债务融资与环境信息披露的相关性，为信贷政策的制定与落实提供经验证据。结果显示债务融资与企业的环境信息披露正相关、市场化与环境信息披露正相关，对于高市场化进程地区的企业而言，其债务融资比例与环境信息披露水平之间的正相关关系比低市场化进程地区的企业更显著。
당전，정부이신대정책촉진기업피로배경신식적이념초보형성，추진배경신식공개이성위정부공작적중요내용지일。논문이2010—2012년호심석화소효행업A고상시공사위양본，채용상관분석、회귀분석등방법대시장화、채무융자여배경신식피로진행연구，지재탐토불동시장화지구채무융자여배경신식피로적상관성，위신대정책적제정여락실제공경험증거。결과현시채무융자여기업적배경신식피로정상관、시장화여배경신식피로정상관，대우고시장화진정지구적기업이언，기채무융자비례여배경신식피로수평지간적정상관관계비저시장화진정지구적기업경현저。
At present, the idea of using environmental information disclosure to promote govern- ment credit policy initially formed, and promoting the disclosure of environmental information has become one of the important contents of the work of the government. This paper takes A shares of listing Corporation as a sample in Shanghai and Shenzhen Petrochemical Industry in 2010 - 2012, and uses correlation analysis, regression analysis and other methods to study marketiza- tion, debt financing and environmental information disclosure, discuss the relativity of debt finan- cing and the disclosure of environmental information among different market areas to provide some empirical evidence for making credit policy and implementation. The results showed that the debt financing and corporate environmental information disclosure is positively related, mar- ketization and the disclosure of environmental information is relevant, and for the enterprise in high marketization area , the positive relationship between the proportion of debt financing and the level of environmental information disclosure is more significant than enterprise in low marketi- zation area.