Research On Influencing Factors Of The Quality Of Environmental Information Disclosure In China’s Listed Companies

Environment pollution and ecology destroying have become a serious problem which threat economic development of countries. After December2009Climate Change conference opened in Copenhagen, the low-carbon concept became the focus of the world. Under this circumstance, the public focus more on the environmental effects of company activities. Information users not only care about financial aspects but also more concentrate on the external factors beyond the reports, especially company environmental information disclosure. The quality of environmental information reporting is crucial for improving accounting system and promoting sustainable development.This essay focuses on environmental information disclosure. Firstly, review the latest development and fundamental theory. Secondly, establish the environmental information disclosure indicators and ratio to assess the reporting quality and analysis the quality of our environment disclosure based on the above indicators and ratios. Thirdly, according to the factors which affect environment reporting giving hypothesis and did Multiple regression analysis based on the data from polluting industries from2008to2010. Finally, the essay proposes some suggestions and solution to improve environmental disclosure.On conclusion, the quality of our current environment disclosure is weak and still under developing, environmental information focus on non-detailed describing rather than quantitative method therefore, it’s not practical. The quality of environmental disclosure has a positive relation with the proportion of state-owned shares, the proportion of tradable shares, the proportion of independent directors, accounting firm size, listed overseas, demand for refinancing and have strong negative relationship with the combined duty of chairman and manager. However, there is a weak negative relation with the degree of ownership. Based on the results environment protection law must be improved, establish environment accounting system, assessment system, better company management, enforce strong social supervision develop green economy to promote environment disclosure.