Research On The Influence Of Jizhong Energy Security Accounting Information Disclosure Quality On Enterprise Value

The report to the 19th National Congress of the CPC clearly pointed out that enterprises should pay attention to production safety,establish the concept of safe development,and improve the responsibility system for production safety.This means that enterprises in the process of development,they should not unilaterally pursue profit maximization,should shoulder more safety responsibilities,and safety accounting information as the government and the public to understand the enterprise safety production status window,its disclosure quality has become the focus of current research.Enterprises actively disclose safety accounting information,improve the quality of safety accounting information disclosure is the performance of the courage to assume safety responsibility,can establish a good corporate image,attract more investors,but also improve the social reputation of the enterprise,and ultimately affect the value of the enterprise.Therefore,in the coal industry safety production issues under the environment of concern,it is particularly important to explore the impact of the quality of safety accounting information disclosure on the value of coal enterprises.Taking Jizhong Energy as an example,this paper first introduced the relevant concepts and theories involved and expounded the reasonable application in the article.Secondly,the content analysis method was used to construct the quality evaluation system of safety accounting information disclosure in the coal industry,and applied it in the case enterprises,so as to obtain the disclosure quality score of Jizhong Energy during each period from 2015-2020.Thirdly,the free cash flow discount model was valued and the specific impact of the quality of safety accounting information disclosure on the enterprise value was analyzed.The research found that:(1)There were 6 main kinds of safety accounting information disclosure mode in coal industry,and the disclosure mode of board report,financial report and notes was widely used,while the prospectus and internal report of major matters were used less;In terms of disclosure content,while the quality of mandatory disclosure was high,the initiative of voluntary disclosure was poor.(2)The disclosure mode of Jizhong Energy from 2015-2020 was exactly the current situation of the coal industry;In terms of disclosure content,qualitative disclosure was higher than quantitative disclosure,mandatory information disclosure was better than voluntary information disclosure;Poor disclosure initiative,low disclosure quality and missing negative information,internal reasons were lack of high-quality safety accounting talents and safety responsibility awareness;External reasons were insufficient public safety supervision awareness and external audit.(3)Jizhong Energy security accounting information disclosure quality was correlated to the value of the enterprise as a whole,the higher the quality of enterprise security accounting information disclosure would make the operating costs,financial expenses,income tax,operating current liabilities,and operating income,fixed assets,intangible assets,goodwill,long-term deferred expenses would increase,eventually affected the change of enterprise value.Based on the above research,this paper puts forward countermeasures and suggestions from the perspectives of society,government and enterprises to promote Jizhong Energy to improve its safety accounting information disclosure quality and increase the value of the enterprise,and also provide relevant reference for other enterprises in the coal industry.