The Research On China's Pharmaceutical Listed Companies Environmental Accounting Information Disclosure

With the rise of Environment-friendly society Environmental protection identified as the China's development strategy and , the research of environmental accounting in China is facing an unprecedented opportunity for development, especially for the environmental accounting information disclosure that is the first to enter the practice of environmental accounting. Based on this background, I make a survey of environmental accounting information disclosure of China's pharmaceutical listed companies.The paper describes that the construction of environmental accounting and environmental accounting information has a role in promoting the construction of Environment-friendly society in China, from environmental protection strategic point of view. Then the paper elaborated on the disclosure of environmental accounting information related theories, this section is divided in two parts: the first part is the introduction of environmental accounting information disclosure involved in economic theory, including: transaction cost theory, principal-agent theory and game theory; the second part describes the environmental accounting-related expertise that is used in the following analysis. The paper then describes the conditions and characteristics of accounting information disclosure in the United States and Japan and take environmental accounting report of Baxter(a large pharmaceutical company in the United States) for example in order to find out advanced experience that we can learn to guide China's environmental accounting practices.The author makes an investigation and analysis of environmental accounting information disclosure of China's pharmaceutical listed companies. Then the author takes the Prospectus, 2008 Annual Report and the 2008 Social Responsibility Report as the investigation objects to study the Prospectus, 2008 Annual Report and the 2008 Social Responsibility Report of China's pharmaceutical listed companies with empirical method. The author proposed environmental accounting information disclosure problem: a part of the requirement to disclose environmental accounting information is no real meaning, the environmental accounting information that companies announce voluntarily lack comparability, without the authentication of company social responsibility report, the environment accounting information lacks reliability. At last, the author makes recommendation on the environmental accounting information disclosure of China's pharmaceutical listed companies from the government, theory and corporate aspects: The Government should play its full role out to promote the development of environmental accounting information disclosure; the Academics should deepen research of environmental accounting information disclosure theory and practice. The author hopes this paper could provide a useful reference for other scholars'research.