Research On The Impact Of The Quality Of Social Responsibility Information Disclosure In High Carbon Industries On Enterprise Value

As an important participant of the "the Belt and Road" Green Development International Alliance,China strictly implements the Paris Agreement and actively fulfills its carbon emission reduction commitments.The report of the 20th National Congress of the Communist Party of China proposed that we should regulate and control the energy consumption focusing on fossil energy and control carbon emissions.Carbon peak and carbon neutral are actually the restructuring of the whole industry and energy transformation.As an industry with great impact on the environment and society,the high-carbon industry has become the focus of attention of all sectors of society due to its high carbon emissions and more impact on the environment and society on the way of development and transformation from "Made in China" to "Created in China".At the same time,with the advancement of economic globalization,if Chinese enterprises want to move forward to the international community,their social responsibilities will be first investigated by the international community.The quality of social responsibility information disclosure can reflect the business philosophy and development direction of enterprises,but the quality of social responsibility information disclosure of listed companies in China still needs to be improved.There are problems such as weak awareness of disclosure,low quality of disclosure,mixed content of disclosure,and no unified evaluation standard.This is because the return brought by disclosure of social responsibility information is not as rapid and obvious as other investments,which makes many enterprises ignore its importance.It is of important research significance to prove the economy of disclosure of social responsibility information,that is,whether disclosure of social responsibility information can bring value to enterprises in essence.The article first combs the domestic and foreign literature related to the quality of social responsibility information disclosure and corporate value,defines the scope of the high-carbon industry,expounds the relevant concepts of social responsibility and corporate value,analyzes the current situation of social responsibility information disclosure in the high-carbon industry in China,and puts forward the mechanism analysis and research hypothesis for the research.Next,the data of listed companies in the high-carbon industry from 2011 to 2021 are selected as the research sample,By constructing an empirical analysis model,this paper uses empirical analysis to study the relationship between the quality of social responsibility information disclosure and corporate value,and conducts a robustness test.According to the empirical analysis and test results of the paper,the quality of corporate social responsibility information disclosure has a positive U-shaped impact on corporate value,while accounting conservatism plays a positive regulatory role in the positive U-shaped relationship between the quality of corporate social responsibility information disclosure and corporate value.Finally,from the internal and external aspects,a series of countermeasures are put forward to improve the quality of corporate social responsibility information disclosure and thus enhance corporate value,such as improving relevant laws and regulations,establishing multi-dimensional information disclosure mechanism and unifying evaluation standards,strengthening the supervision of corporate social responsibility information disclosure,integrating social responsibility into corporate culture and values,transforming development models and improving governance capabilities,The purpose is to provide a theoretical basis for enterprises to improve their corporate value by disclosing social responsibility information.