Structural Equation Modeling for the Quality of Environmental Information Disclosure of Listed Companies in China

The listed companies environmental information disclosure quality embodies the corporate social responsibility that communicated with the outsider, from legality point of view, the environmental information disclosure quality is decided not only by company internal promotion, more important by the pressure from outside, this is also the original intention of our research. Our research adopting LISREL, introducing Structural Equation Modeling, using exploratory factor analysis of environmental information quality, and exploring the influence of recessive endogenous variables and exogenous variables, finally testing our hypothesis. In pursuit of profit maximization, the listed companies, at the same time take the social responsibility including environmental responsibility. From the aspects of information communication, the company needs to report to the outsiders and stakeholders information about environmental responsibility. Neoinstitutional economics analyzing the CSR environmental policy enforcement driver, conclude that institutional environment and organizational legitimacy is the key driver of the enterprise environmental responsibility (Rivera, Hess, 2008). Our research, starting from the perspective of organizational legitimacy, searching the environmental information disclosure is driven by internal motivation or outside pressure, and how they affected environmental information. Using structural equation model, using LISREL software, we use exploratory analysis hope to find the influencing factors on the quality of the environment information disclosure.