A Research On Environmental Accounting Information Disclosure Of Listed Companies

With the China’s economic rapid development, environmental pollution has been a growing problem, extreme climate phenomenon and severe natural disasters happen frequently,which threats to human health,it is obvious that the high energy consumptions and high pollution emissions have a direct relation with this situation.At"The12th five-Year"period, China will still be in the industrialized and rapid development stage, the heavy chemical industry will continue to account for a large proportion.The rapid growth of chemical industry will lead to the high emissions of pollutants and a serious decline of air quality, sparking a series of environmental pollution problems, as a result, the sustainable development of society as well as the survival of mankind is facing serious threats.Based on this, the risk awareness of corporate environmental protection and pollution products should be strengthened,at the same time,the corporate environmental accounting information disclosure level needs to be improved.Compared with Western developed countries, environmental accounting information disclosure started relatively late in China. In recent years, as environmental issues become increasingly severe and natural disasters take out frequently, environmental awareness of the human is arousing, which sets off a wave in the field of environmental accounting research boom. Mainly on the following aspects:(1) environmental accounting information defined research;(2) environmental accounting information disclosure contents and way;(3) environmental accounting information disclosure status and prospects;(4) environmental accounting report design;(5) environmental accounting information disclosure institutional research. Take the chemical industry as a example, this article use empirical research to study corporate environmental accounting disclosure status and current problems on the basis of the previous literatures, According to it, the inssue put forward effective measures to regulate corporate environmental accounting information disclosure system and to provide some guidance for the improvement of the level of corporate environmental accounting information disclosure at the last.First, this article use the data of the annual report of the listed companies of the chemical industry in2009to2011, analyzing the status of environmental accounting disclosure of the chemical industry from two aspects of the contents and manners in qualitative and quantitative way, based on which concludes a series of questions that is low-level, non-standard, uncomprehensive, non-uniform, not to prepare an independent environmental reports considering corporate environmental accounting information disclosure.Secondly, under the premise of the above problems, subsequently, this article parses the root of the basis on the ground of the annual report data of chemical industry in2009to2011, using empirical research to have descriptive statistics and regression analysis about two influencing factors in terms of environmental accounting information disclosure, and analysis of enterprise asset size, profitability, financial leverage, controlling sexual, separation of the two roles, the proportion of independent directors on the impact of environmental accounting information disclosure.Found by the studying, the influence factors mentioned above will promote the improvement of environmental accounting information disclosure, that is, the larger the asset size,the stronger the profitability,the higher the asset-liability ratio, the higher the level of corporate environmental accounting information disclosure;the higher the holding rate,the separation of the role,the greater the proportion of independent directors, the higher the level of corporate environmental accounting information disclosure.Through regression analysis,environmental accounting information disclosure of listed companies be lagerly effected by asset size as well as holding, this is because the larger the scale are, the more attention society and government, more improved internal systems are, the more tendency environmental accounting information disclosure; the state holding have a stronger sense of social responsibility more than the non-state-owned holding, while,subjected to greater government control constraints, in order to establish a good corporate image, it easily disclose the whole environmental accounting information.Finally, on the basis of empirical studies of the impact factors obtained,this article put forward policy recommendations enhancing environmental accounting information disclosure according to the above problems, which are summarized as following:①Built the sound laws and regulations considering environmental accounting information disclosure.Release timely environmental accounting information guide and formulate the specialized environmental accounting information disclosure regulations.②Strengthen risk prevention and management of environmental information disclosure.One hand,enhance enterprise risk prevention of environmental pollution, on the other hand, carry out the audit and supervision, strengthening corporate environmental accounting information disclosure within the external audit.③Improve the environmental accounting information disclosure system.Formulate a unified environmental accounting information disclosure contents, set the special environment accounts in the financial statements, and encourage enterprises to prepare an independent environmental reports.④Optimize corporate governance structure, improve the corporate governance system. Improve the access to threshold of asset size of the heavy polluting industries, and strengthen the state holding of heavy polluting industries, and increase the environment subsidies of the weak profitability business, and improve the construction of the system of independent directors.(5)Strengthen accounting personnel follow-up education, enhance the people’s awareness of environmental protection. Strengthen the professional skills of the accounting staff.Enhance the awareness of ethics and social responsibility of accounting staff, calling for universal environmental protection.Above all, with the increasing deterioration of the environmental issues, the relevant state departments strengthen corporate environmental accounting information disclosure requirements, some environmental accounting regulations were introduced, such as2010’s " Environmental Information Public Examination Approach (Trial)",2012’s "About The National Environmental Protection Standards "The12th Five-Year’ Development Plan Notice",these mandatory regulations standardized corporate environmental accounting information disclosure, and provide a space for scholars of environmental accounting information disclosure. Environmental accounting information disclosure is not only a must to curb environmental pollution, but also a requirement to make decisions for stakeholders.