Analysis of the Evolutionary Game of Three Parties in Environmental Information Disclosure in Sustainability Reports of Listed Forestry Companies in China

Abstract

(1) Background: In the construction of an ecological civilization in China, the forestry industry has special characteristics which can produce both ecological and economic benefits. Environmental information disclosure can help the construction of an ecological civilization system; the study of the environmental information disclosures of forestry listed companies can help the development of ecological civilization construction and is conducive to considering forestry as a pilot model and extending to other industries; (2) Methods and results: Based on evolutionary game theory and stakeholder theory, an evolutionary game model of listed forestry companies, government departments, and the public was applied with MATLAB software to simulate and analyze the influencing factors of the environmental information disclosures of listed forestry companies; (3) Suggestions: Optimization of the environmental information disclosure mechanism of forestry listed companies includes: optimization of the environmental information disclosure mechanism, the reward and punishment mechanism, the environmental information sharing mechanism, and the interest coordination mechanism.

A Study on the Mechanism of Environmental Information Disclosure Oriented to the Construction of Ecological Civilization in China

“…Thus, to promote the environmental information disclosure system of multiple subjects, it is necessary for government departments to take the lead, formulate relevant laws and regulations, and clarify the content and methods of environmental information disclosure; for companies to play a basic role in the allocation of market resources and provide environmental information; and for the public to collaborate and supervise, forming an environmental information disclosure mechanism led by the government, with the participation of enterprises and dual supervision by the government and society. This also implies the game relationship between the government, enterprises and the public [38].…”

“…The government needs to screen the content of social public supervision to determine the true validity of the information. Finally, listed forestry companies disclose environmental information, accept the supervision of government departments and the public, assume corporate social responsibility, improve corporate brand reputation, and balance economic interests and environmental benefits [38].…”

The Impact of Foreign Direct Investment on the Forestry Industry Structure Upgrading: The Moderating Effect on Labor Migration

“…Referring to Lu and Yue (2022) [20], forestry is divided into three industries, and the three industries are ranked in order of importance as tertiary, secondary, and primary industries, and assigned weights of 3, 2, and 1 to obtain Equation (5).…”

Evolutionary Game Analysis of the Quality of Agricultural Products in Supply Chain

“…The theory originates from the theory of biological evolution, which has successfully explained some phenomena in the process of biological evolution. Nowadays, economists have made remarkable achievements in analyzing the factors influencing the formation of social habits, norms, institutions, or systems and explaining their formation process by using evolutionary game theory [11][12][13]. Due to the serious information asymmetry in the flow of agricultural products in the supply chain, coupled with the fact that the quality of agricultural products cannot be easily detected, some stakeholders have the motivation to seek their own interests and damage the interests of others [14], resulting in a certain conflict of interest in the quality of agricultural products among stakeholders in the supply chain [4].…”