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Motives And Influencing Factors Of Environmental Information Disclosure By Listed Chinese Company In The Petroleum Industry

Posted on:2012-01-23Degree:MasterType:Thesis
Country:ChinaCandidate:R C JiangFull Text:PDF
GTID:2189330335457489Subject:Accounting
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The oil industry is one of pillar industries of the world economy. But in recent years, along with the social economy development, China and other countries and regions in the world has had a series of major environmental pollution accidents. These accidents lead the social public and government departments concerned more and more on listed companies'environmental information and increasingly pay more attention to its business activities on environmental influence. As the emergence of "ethic investment" and other new ideas of investment, investors will no longer just concern the financial data as the basis of decision-making, but also concern the social responsibility information, including enterprise environmental information. That prompted the listed companies take environmental protection measures to improve environmental consciousness. But now the listed company environment information disclosure still exist many flaws, such as information distortion, passive, content chaos. Therefore, the listed company in financial statements for the environment information disclosed the motive and effect factors of accounting theoretical research, become increasingly concerned major issues. Whether foreign and domestic, successively conducted on the listed company of the environment information disclosed the question normative research and empirical research, and has obtained some achievements, established the Environmental Disclosure Index (Environmental Disclosure Index, EDI), to analyze the Environmental information listed company motivations and influencing factors. In this context, this paper, through studying oil companies, using the financial report of listed companies, discusses the empirical methods of environmental disclosure motivations and its influencing factors.This paper, on the basis of previous studies, using EDI as the measure of the extent to information disclosure of listed company environment, constructs the indicator of a multiple linear regression model. Building the multiple linear regression models has two problems: one is that the program does not constitute EDI unified specification. The paper analyze China's oil industry environment information disclosure of the listed company from descriptive statistical angle, puts forward the related programs of EDI, referencing predecessors theories. The second one is to determine the multivariate linear regression equation with the independent control variables. This paper discusses the environmental accounting information disclosure motivations of the listed company from the perspective of information supply and information needs. And then put forward four hypotheses: the size, the place, the state of the enterprise and Big4 will affect the environment information level. The paper establishes four variables to explain the EDI according these assumptions. After that, the paper uses multiple regression analysis method to build multivariate linear regression model, and analysis empirically the relationship between size, place, state of the company, BIG4 and EDI. In addition, aiming at China's oil companies in the environment information disclosed the existent problems, the paper puts forward that completing legal laws and regulations, optimizing equity ratio, improving the auditing level, setting up information evaluation system, strengthening the theory research, as well as environmental propaganda etc way, will improve our country environment information disclosure level.
Keywords/Search Tags:Environmental Disclose, Environmental Disclosure Index (EDI), Multivariate Linear Regression
PDF Full Text Request
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