A Study On The Influencing Factors Of Carbon Accounting Information Disclosure In China’s Listed Companies

Since the reform and opening up, China’s economy, politics, culture and other aspectsof construction have made impressive achievements. However, the rapid pace ofdevelopment also brought some ecological and environmental problems that havebeen a serious threat to our environment, such as the global warming, air pollution,waste of resources, shortage of energy and so on. In recent years, PM2.5air crisis andother environmental events have made the issue of climate change caused bygreenhouse gas emissions caused wide public concern. The pace of energy-saving andemission-reduction allows of no delay.As the main responsibility for carbon emissions, more and more companies realizethat carbon emissions are closely related, and there are many global companies hasmade a positive response.In contrast, low-carbon economy is late and laggard inChina. Carbon accounting information disclosure status is in a state of confusion andthere is no unanimous system. In the current circumstances, promoting carbonaccounting information disclosure has important significance to controllinggreenhouse gas emissions, boosting enterprise development, promoting economicrestructuring and achieving sustainable development.For the current research status, literature review, data collection, empirical analysisand other methods are used In the course of the study aiming to understand the carbonaccounting information disclosure condition of listed companies in China and explorethe main factors. In support of the theory of sustainable development and based on theactual situation of China’s listed companies, affecting factors of carbon accountinginformation disclosure are screened and defined. What’s more,1264study samplesform from the statistics in2008-2011of316companies listed in Shenzhen andShanghai stock A market. We take the listed companies carbon accountinginformation disclosure index as the dependent variable, the six influence factorswhich respectively reflects the characteristics of the industry, company size, the extent of the liabilities etc. as the independent variable based on the assumption. Then wecarry on the empirical analysis and explain the results. In the descriptive analysis ofthe sample data, we find that China’s listed companies’ carbon accounting informationdisclosure present a rising trend in recent years, but the disclosure degree issignificant variation and the overall level is lagging behind. In multiple regressionstatistical analysis of the sample data, we can conclude that four variables which arethe characteristics of the industry, company size, debt level and the development ofcapacity passed the examination into the regression model and the proportion ofindependent directors and profitability does have no good significant.On the basis of theoretical study and empirical research, corresponding policyrecommendations are proposed in this paper. Such as conducting carbon accountingtheory research, improving relevant laws and regulations, strengthening supervis ionof the relevant departments, enhancing public awareness of low-carbon environmentand improving the ability of corporate disclosure. Through the above measures, wecan expand in-depth research in this field, enhance listed companies’ ability of carbonaccounting information disclosure and fully promote the vigorous development ofChina’s low-carbon economy.