The Environmental Accounting Information Disclosure On The Influencing Factors’ Study

In recent years, sandstorms and fog haze weather and other environmental pollutionthreaten human’s physical and mental health. The environmental problems attract more andmore attentions by all countries and the social public.Environmental issues has been widelyaccepted and the sustainable development strategy for the highly anticipated, has become the commonchoice of the world.The enclosure of environmental accounting information has an importantsignificance on the implementation of the strategy of sustainable development.The environmental accounting information disclosure has been divided intodecision-making usefulness environmental accounting information disclosure andopportunistic environmental accounting information disclosure with the standard researchmethod in this article.The motivation to do a disclosure of environmental information is analyzedthoroughly from two angles of the demand and supply of information.Based on the principal-agencytheory, sustainable development theory, social responsibility theory and asymmetricinformation theory, combining the research methods and conclusions of former literaturesand the special research background in China, this paper use empirical method to study theinfluencing factors of environmental accounting information disclosure.In this paper, we take more than130companies as research subjects, which can beclassified into five heavily polluting industries, as followings: textile industry, printing anddyeing industry, paper industry, pharmaceutical industry and thermal power industry. Allthese companies are A-share listed in Shanghai or Shenzhen stock market.We use the dataof their financial and non-financial data from these companies’2009-2011Annual Reportsand Social Responsibility Reports for empirical analysis.Using logistic regression methods,we analysis11factors that may influence the disclosure of environmental accountinginformation by SPSS software. The research results show that the proposed assumptionsthat environmental accounting information disclosure and the proportion of independentdirectors, the type of audit opinion and supervision of social groups and the media have nopositive correlation, which means it doesn’t pass the test; neither nor the assumption thatthe Audit Committee settlement and corporate environmental accounting information has apositive correlation;As to the assumption of whether the listed companies through the ISO14001certification for environmental management, the size of the company, the company’sgrowth, the proportion of the outstanding shares, the degree of corporate liabilities and theutilization efficiency of the company’s assets have a positive correlation with theenvironmental accounting information disclosure,which has been supported by theempirical results.The empirical results show that the information disclosure of listedcompanies in environmental accounting and their profitability is negatively correlated,which is contrary to our assumptions. Finally, according to our study results,we put forward some policy recommendations from both internal and external of enterprises’ view.