| With the rapid development of China’s economy since the reform and opening-up. China’s road of industrialization and modernization is fully forward, and has made the progress which many of the world’s developed countries used a hundred years made, our national becomes more strong and people’s live is getting better, also these development produce a certain influence on the pattern of the world Economic and Social. However, the extensive mode of economic growth while promoting economic development on the environment cause greater pressure. The Government recently issued the "12th Five-Year Plan on Environmental Protection", which arms to speed up the resource-saving and environment-friendly society, promote the reduction of major pollutants and effectively resolve outstanding environmental issues, strength the key areas of environmental risk prevention and improve the environmental protection of basic public service system,perfect the implementation of major environmental protection projects, and improve policies and measures to strengthen organizational leadership and evaluation assessment. With the introduction of national policies and regulations, the public and more and more enterprises began to pay attention to environmental issues. The laws also stipulate that "putting environmental costs into the economic analysis and decision-making process to eliminate the free use of the environment and environmental costs onto society practices in the past". Environmental disclosure has become an important means of environmental monitoring and environmental governance, on the one hand, it reflects the responsibility and obligation of the corporate commitment to the environment, on the other hand, it is also an important tool of the general public and relevant government departments to oversee the enterprise, it is the objective needs of economic development. The mining industry is the pillar industry of national economy, but it is also one of the heavily polluting industries. The mining industries play an essential role in the development of national economic, it is also caused by one of the important sources of environmental pollution. Therefore, the study of the Mining Industries Environmental Information Disclosure can help improving the awareness of environmental protection of the extractive industries.We can learn from the mining industry to study the environmental accounting information disclosure of other industries.Environmental accounting is a new branch of modern accounting, which rose in Europe and the United States in the1970s. It is based on the development of environmental protection, use the accounting theory and methods, using a wide range of measurement instruments and property, reflecting in the report of the impact of the production activities by the accounting entity’s on the natural environment and its maintenance, development and compensation to provide relevant information for policy-makers, in order to achieve a rational allocation of resources and improve environmental conditions. On the end of last century, the articles of environmental accounting began to appear, but this did not cause people’s attention. In recent years, with the rapid economic take-off, China’s environmental problems continue to occur, deteriorating environmental conditions, natural disasters occur frequently, so scholars began to study this subject. Presently, China’s accounting researchers for the study of environmental information disclosure is still specification, and the researches which based on the application of environmental accounting are very few. The empirical researches only carried out the statistical analysis of the sample enterprises, or listing the level of information on the environment, through the statistics listed company disclosure of environmental information to explore the environmental costs of information disclosure form, content and manner. Disclosure of the influencing factors for environmental accounting information is the lack of in-depth study.Therefore, on the basis of the theory of the environmental costs and environmental information disclosure, this study gives out the underlying assumptions of the factors which impact the disclosed environmental accounting information of listed companies,making further analysis on the basis of empirical results, and giving some advices on the disclosure of the corporate environmental accounting information from the macro and micro levels. The specific article is structured as follows:The first chapter,Introduction.Introducing the background and significance of this study, the main research method and content, as well as innovation of this paper.Chapter two, literature review.This chapter is about domestic and international environmental accounting disclosure of information theory and research results, and comparative analysis, giving some recommendations. Domestic research for environmental disclosure are more focused on the theoretical aspects, researches for the study of environmental impact factors are less.abroad for the study of environmental information was earlier, the study was also more mature, and some theoretical is in practice.Chapter three, theoretical basis and its influencing factors. Mainly elaborated the theory of environmental accounting, including environmental costs, sustainable development of the theory, the environment property rights theory and environmental means of information theory, theoretically discussed the content of the environmental costs, including the importance of disclosure of environmental information and environmental accounting information should be disclosure of the content.Chapter four, the study design. Pointed out that the study sample and the source of the data, variable selection、modeling and the assumption of this article. In this paper, through the analysis of previous studies, combined with China’s environmental laws and regulations, considering the entry of10disclosure of environmental information disclosure of listed companies, constructed inspection and environmental disclosure level of environmental information disclosure index of the EDI, and put forward four assumptions:Company size, level of supervision, occurrence of a major pollution issues, and company profitability with environmental accounting information of listed companies disclosed has a positive correlation. The article also raises three control variables:the proportion of outstanding shares, debt ratio, and company location.Chapter five, empirical analysis. Using SPSS software to process the model and data, analysis the results.108samples screened from the mining industry in Shanghai and Shenzhen stock of the empirical were analysis, empirical results show that the size of the company, the company’s profitability, occurrence of a major pollution issues has a positive correlation with environmental accounting of listed company disclosure level. The level of supervision did not pass the detection of the model. The control variables, only the proportion of tradable shares can entry the model by testing, the other two variables did not make the model.Chapter six, discussing and advice. This section summarizes the results of this study, and gives some proposals based on the results of the environmental costs of information disclosure from the macro and micro aspects. Such as improve our environmental accounting from the macro environment, establish and improve the environmental accounting theory and systems, emphasis on the control of environmental costs, supervision and guidance of the government and industry sectors.The main innovation of this article is the following two points:1、Using the environmental information disclosure index to measure the extent of environmental accounting information of listed companies. Although previous studies also used environmental information disclosure index as an indicator to analyze the extent of environmental pollution emissions, but the entries selected in building environmental information disclosure index are the author’s own analysis of the various theories and investigations, with a strong novelty. This study Selects10entries of the liabilities of the information as the basis for building environmental information disclosure index:the description of the Government’s environmental laws, the description of the environmental protection program, the implementation of environmental programs to improve the description of the situation, investment in environmental protection facilities and depreciation and amortization charges, green fee、 sewage fee、resource user fee, the government grant information in the environment, the amount of the consumption of natural resources, suffered penalties for violations of environmental laws and regulations, due to environmental problems caused through directly aggregated to build the index environmental information disclosed of sample companies.2、Selecting factors that affect the environmental information disclosed, the paper consider the occurrence of a major pollution issues, which previous studies have not been taken into account, this study also shows that the variable has an obvious correlation with environmental accounting information disclosure. With the improvement in the level of the social market and the gradual improvement of relevant state laws, the company’s external transparency of the degree is gradually improving. Into the information age, any act of the company through the media was quickly known to the public, in order to avoid greater losses after the occurrence of significant matters, listed companies tend to make announcements of the progress and treatment measures and the impact on the company.If the company occurs a major environmental pollution issues during this year, the operating expenses will increase, this may affect the profitability of the company. After environmental pollution, the company must immediately extract the funds to take measures to control. With the public focus on environmental issues, companies must give the society an account. So major environmental pollution issues will affect the management decided whether to disclose environmental accounting information. Therefore, this variable was in the design considerations of this study. |
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