Research On The Effects Of Environmental Accounting Information Disclosure Of Financial Performance

Under the background of economic globalization, China’s economy has made remarkable achievements, but also brought serious environmental problems. Enterprise as an important contributor to economic development, but also an important environmental polluters, with the gradual deepening of the concept of sustainable development, the public are increasingly concerned about the disclosure of corporate environmental accounting information and use it to understand the situation of corporate environmental responsibility Therefore, to promote the study of corporate environmental information disclosure is imperative. This is not only the traditional accounting information disclosure supplement and development of the theory, but also conducive to the establishment in line with Chinese characteristics standardized and unified environmental information disclosure system, while helping to promote companies focus on environmental responsibility, improve corporate reputation, access to economic and environmental benefits the final realization of economic, social and environmental sustainability.The main purpose of the article is to analyze the pharmaceutical industry Environmental Accounting Information Disclosure status quo of Environmental Accounting Information Disclosure Quality level of financial performance, exploring the power to promote the enterprises to actively disclose environmental accounting information, and make recommendations. The article first introduces the background and significance of the study, and then reviews the literature on environmental information disclosure theory, environmental disclosure and corporate performance relationship like, then define the definition of environmental accounting information, business performance and other concepts can be explained sustainable development of the theory of the basic theory, stakeholder theory, asymmetric information theory to analyze the environmental accounting information disclosure on firm performance impact mechanism and to study the current situation of the pharmaceutical industry, environmental accounting information disclosed in the current legal context, leads a hypothesis, a multiple regression model was constructed to 2009--2013 years Shanghai and Shenzhen two pharmaceutical industry companies based on panel data, and then STATA12.0 panel data analysis software to empirical testing and analysis to study the country Pharmaceutical industry companies Environmental Information Disclosure impact on corporate financial performance, and draw the relevant conclusions. The main conclusions are: environmental accounting information disclosure, the higher the level of quality, the lower the corporate assets and liabilities, both negatively correlated; environmental accounting information disclosure, the higher the level of quality, the higher operating margin business, positive correlation; environment The higher the quality of accounting information disclosure level, the flow of the higher turnover, a positive correlation; environmental accounting information disclosure, the higher quality level, the higher the rate of business growth, a positive correlation. Description enterprise level to improve the environmental quality of information disclosure, can bring more financial performance. Finally, this paper based on findings made policy recommendations to help to improve the environmental quality standards of information disclosure from both business and government.