Research On The Influence Factors About The Environmental Accounting Information Disclosure In Chinese Listed Companies

With the rapid development of the economy，the quickening of the process ofurbanization and industrialization in our country，environmental pollution increases seriously.Enterprise is the main body of the pollution source and it has responsibility to protect thenatural environment and restore the health of nature. Enterprise must comply with stateenvironmental protection laws and regulations, take a series of measures to finish prevention,course controls and after the event management. It would also need to disclose their ownactivities to the effects on the environment, guide investors to "green investment" and meetinvestors for the environment accounting information needs so as to realize their ownenvironmental value, maintain good public image and get more financing.In reality, the interested parties of enterprise activities requests the enterpriseenvironment accounting information disclosure and the government also requests mandatedpollution of the enterprise to disclose environment information, however, from the view pointof cost and benefit, the enterprise may be won’t disclose or disclose less impact on theenvironment and environmental performance and other relevant information for their ownactivities. This kind of behavior will cause the enterprise investors could not know the truth,make the mistake of investment and disturbing the order of the capital market. So this articlestudies the factors of the listed company environment accounting information disclosure level,In order to find out the important factors of the listed company environment accountinginformation disclosure level, thus has pointed the listed company environment accountinginformation disclosure level of ascension and better satisfies the interests of the informationneeds of shut. The specific research ideas as follows:First, this article reviews and summarizes the literatures about environment informationdisclosure level of the domestic and foreign, defines related concepts about the environmentaccounting information disclosure and expounds the theory basis about environmentaccounting information disclosure; Second, on the basis of previous studies, with the theoriesof sustainable development, social responsibility theory, information asymmetry theory,agency cost theory, signal transmission theory and stakeholder theory for support, we putforward the empirical hypothesis. With the annual report and social responsibility report of63 manufacturing and mining listed companies of Shandong province for the research object anddata sources, by the environment accounting information disclosure index as the dependentvariable, with the company size, profitability, financial leverage, development ability, theproportion of the independent directors, equity concentration, the chairman and generalmanager separation, regional differences and industry differences as the independent variable,we construct empirical model; And then, we proceed descriptive statistics analysis, thecorrelation analysis and regression analysis for environment accounting information disclosedindex and influencing factors and draw the following conclusions:(1)environment accountinginformation disclosure level of the listed company in China is low and disclosure leveldifference between company is bigger;(2) Enterprise scale, development ability, industrydifferences are positive related with environment accounting information disclosure level oflisted company;(3) Profitability has negative correlation with environment accountinginformation disclosure level of listed company;(4) Financial leverage, the proportion of theindependent directors, equity concentration, the chairman and general manager separation andregional differences have not significant correlation with environment accounting informationdisclosure level of listed company. Once again, according to the empirical results, we putforward the following suggestions:(1) Strengthen enterprise external environmentconstruction to increase pressure of the environment accounting information disclosure.Including establishing the relevant laws and regulations of environment accountinginformation disclosure, making environmental accounting standards and informationdisclosure system, increasing supervision about environment accounting informationdisclosure, strengthening academic research about environment accounting informationdisclosure and increasing public awareness of environmental protection;(2) Improve thecorporate governance structure and set up and perfect the internal control system. Includingperfecting the board structure and standardizing the board organization, equating structureoptimization and playing the implementation effect on investors, improving the board ofsupervisor’s operation mechanism and the level of management of the board of supervisors;(3)Enhance enterprise environmental protection consciousness and improve accounting andrelevant personnel of professional quality. The government should joint environmental groups,media and other related departments to propagandize the importance of environmental protection, by the way of training in and accounting personnel self-study to train environmentaccounting professionals and promote the enterprise have the ability to disclose environmentaccounting information consciously; Finally, we put forward the improvement measuresaccording to the defects of the study.