Research On Influential Factors On Environmental Accounting Information Disclosure Of Chinese Listed Companies

In recent years, all the countries in the world were in trouble with the environmental issues. As the awareness of environmental becoming stronger; the sustainable development road is the inevitable choice for all the countries. Enterprises as important social organizations should assume responsibility for the development of economy and environmental protection, to promote the development of human society and make contribution to building a harmonious society. In this context, environmental accounting came into being, and has been widespread concern by foreign scholars and researchers.Environmental accounting information disclosure is an important issue in environmental accounting, also is an entry point to the environmental accounting. At present, environmental accounting information disclosure in our country is at an initial stage. There are many problems both in theory and practice. To disclosure the environmental accounting information is conducive to the development of company and the sustainable development strategy in China. This paper uses the method of the combination of normative and empirical research to study the influence of the factors to environmental accounting information disclosure. The article is divided into six chapters:The first chapter is an introduction, describes the background and significance of the research, research ideas and thesis framework.The second Chapter is the literature review. Taking reviews at research literatures about the environmental accounting information disclosure abroad and domestic, this part forms the basis knowledge of environmental accounting information disclosure and gives some ideas for this paper.The third Chapter is the comparative analysis of environmental accounting information disclosure of domestic and foreign countries. This part introduces the situation of the foreign and domestic environmental accounting information disclosure. By comparison, we can see the shortage and weakness of our country.The fourth chapter is the theory of environmental accounting information disclosure. The paper introduced the theory of sustainable development, concept of fiduciary duty and asymmetric information theory, as its theoretical foundation.The fifth chapter is empirical study on the influencing factors of China’s environmental accounting information disclosure of listed companies. This section is a key part of this paper, selecting seven influenced factors that may affect our country’s environmental accounting information disclosure and collect the data of 230 listed companies, and then make empirical research. The Study finds that the size of listed companies, the proportion of the outstanding shares to the total capital, the location of company and the debt level of company are the major factors that influent environmental accounting information disclosure. Otherwise, the company’s profitability, CEO and independent directors’proportion have no significant effect.The last Chapter gives some advice to improve the environmental accounting information disclosure, basing on the results of the empirical study. This paper listed some policy recommendations from the government, business, academia aspects to improve the environmental accounting information disclose of listed companies.Since the introduction of environmental accounting in China is not long ago, theorists of environmental accounting and information disclosure of the issue is still in the continually exploring. The innovations of this paper are as follow:first, because the research on the environmental accounting disclosure empirical study is very little, so, by constructing a multiple regression model, this article makes an empirical research on the influencing factors of China’s environmental accounting information disclosure of listed companies; second, this paper introduces the theory of fiduciary duty that due to the existence of environmental accountability making environment accounting objectivity and necessity to exist, companies will be conscious of environmental information disclosure; third, according to the empirical results and our reality, this paper gives some feasibility proposals on how to improve our environmental accounting information disclosure level of listed companies. Point out that the government should improve laws and regulations, strengthen policy guidance, develop guidelines and raise public awareness of environmental protection; enterprises should improve the system board, ownership structure and the quality of staff; scholars should strengthen study of theory and practice. There are many deficiencies in the study, for environmental information disclosure is not related to the quality and efficiency; selected sample time span is not long, and the independent variable is selected by hand, so the accuracy of the data is not high, select only seven associated factors, there may be some important factors missed.