Study On The Influence Of Government Expenditure Of Energy Saving And Environmental Protection On The Environmental Accounting Information Disclosure

In order to achieve the goal of sustainable development of social economy,it is urgent to improve the modern environmental governance system,which also means that enterprises should actively assume environmental responsibility and improve the quality of environmental accounting information disclosure.With the implementation of a series of measures by the government,the role of the government in promoting enterprises to improve the quality of environmental accounting information disclosure has gradually come to prominence.At present,it has been proved that the implementation of command-type environmental regulation policy by the government will improve the quality of enterprise environmental accounting information disclosure.This paper starts from the perspective of the government’s energy conservation and environmental protection expenditure,an input environmental regulation policy.Through the establishment of the model,it is concluded that government expenditure on energy conservation and environmental protection has a good driving effect on enterprises’ environmental accounting information disclosure,which can convey the signal that the government attaches great importance to environmental protection and encourage enterprises to assume environmental responsibility.Because heavy polluting enterprises have the characteristics of high pollution and high emission,compared with other enterprises,such enterprises cause more serious pollution to the environment.Whether heavily polluting enterprises can actively undertake environmental responsibilities and disclose more environmental accounting information has attracted more attention from the society.In this paper,heavy polluting enterprises listed on A-shares from 2011 to 2020 are selected as samples,and the scoring system is adopted to measure the disclosure level of environmental accounting information of enterprises by referring to existing literatures.Firstly,the environmental accounting information disclosure projects are divided into monetary projects and non-monetary projects.Secondly,the sub-projects within these two projects are scored.Among them,monetized information includes environmental liability disclosure,environmental performance and governance disclosure,while non-monetized information includes environmental management disclosure,environmental certification disclosure and environmental information disclosure carrier.From the perspective of government expenditure on energy conservation and environmental protection,this paper studies the incentive effect of government behavior on corporate environmental responsibility performance,and investigates the difference in the effect of government expenditure on energy conservation and environmental protection under different external financing needs and property rights.The empirical conclusions of this paper are as follows:(1)Government’s increased expenditure on energy conservation and environmental protection can promote enterprises to improve the quality of environmental accounting information disclosure.(2)Compared with enterprises with low external financing needs,when enterprises have high external financing needs,government expenditure on energy conservation and environmental protection has a stronger positive impact on the level of environmental accounting information disclosure of enterprises.(3)The grouping test based on property rights found that,compared with state-owned enterprises,government expenditure on energy conservation and environmental protection had a more significant impact on the level of environmental accounting information disclosure of non-state-owned enterprises.The above conclusion is still significant after substitution of explanatory variables and explained variables,control of government regulation and exclusion of samples of municipalities directly under the central government.The research conclusions enrich the influence of government behavior on enterprises’ fulfillment of social responsibility to a certain extent and deepen the research on the factors affecting the level of environmental accounting information disclosure of enterprises.At the same time,under the background that the country pays more and more attention to environmental issues,it provides an empirical basis for promoting enterprises to improve the level of environmental accounting information disclosure and encouraging business owners to publicize their environmental liabilities and environmental management information to the society.