The Research About The Environment Accounting Information Disclosure Model And Effect Of The Listed-companies

The Game problem between economic development and environmentalprotection has been long noted in worldwide. With the continuous development of theglobal economy, the environmental problems are more and more focused in everycountry. The environmental information and environmental accounting informationdisclosure research come in flocks. The environment accounting information, whichis disclosed by enterprise in standardized and unified mode, has transverse andlongitudinal comparability. So as to reduce the costs of disclosing、getting andreading it. And that can help promoting our country to establish binding informationdisclosure mode in the legal level. At the same time, we can reveal the attentiondegree on environmental protection in some extent, inspire enterprise pay moreattention to environmental protection and the sustainable development of economy、society and the environment, improve enterprise’s social reputation and financinglevel, and finally realize the benign symbiosis state of interested parties，by studyingthe environmental accounting information disclosure level and its effect of ourcountry enterprises.The literature has mainly research environmental accounting informationdisclosure from its content, forms and channels etc, but it is relatively less on theeffect of disclose. And in these less studies, different researchers often obtain thedifferent conclusion. Based on this, this paper first combs the meaning ofenvironmental accounting information, it believes that the environment accountinginformation includes not only the information related to the environment accountingbut also the information which is not related to the environment accounting, and it isone of the theoretical basis in this article; And then the whole article is mainlydivided into four parts, which includes content, level, efficiency and mode ofenterprise environment accounting information disclosure, to study it.Firstly, the disclosure level of environmental accounting information. Based onthe equidistant sampling, we can get101listed-companies of heavy pollution industry in China, and the publishing annual reports and independent reports from2009to2011of these companies are the research object of this paper. This paper respectivelyassign the environmental accounting information disclosure quantity and quality ofthese reports by the content analysis method, and the points of environmentalaccounting information disclosure level is the sum of standardized quantity score andquality score. Studies have found that the mean quantity of environmentalaccounting information disclosure in the sample company’s annual report is lowerthan the independent report, but its quality is higher than the independent report.Overall, the environmental accounting information level of the annual report ishigher.Secondly, the disclosure content of environment accounting information. In thispaper, the main content of environmental accounting information disclosure can bedivided into six aspects: environmental management, resources use, the investment onenvironmental protection, environment liability, expenses disbursed, preferences andsubsidies. Through studying the six aspects of the information disclosure quantity andquality in the annual reports and independent reports to investigate the similaritiesand differences about the environmental accounting information disclosure content ofthese two environmental accounting mode, and lay a foundation for the study ofenvironmental accounting information disclosure level. The study found, in theannual report, the heavy pollution industry in China pay more attention to theenvironmental management and the preferences and subsidies, etc, while neglect theresource utilization and expenses disbursed. And different industries show differentlevel on the investment on environmental protection and environment liability. On thewhole, independent report and annual report have some mutual supplement on the sixaspects content.Thirdly, the disclosure effects of environmental accounting information. Thearticle use SPSS16.0to put an analysis with multiple regression analysis on thesevariables: environmental accounting information disclosure quantity, quality and level, financial performance for the enterprise (the net rates of assets ROAI and theyield rates of net assets ROE) and the company size, which found that theenvironmental accounting information disclosure quantity, the natural logarithm ofenvironment accounting information disclosure quality and the natural logarithm ofenvironmental accounting disclosure level have a positive correlation with thecorporate financial performance, which measured by the net rates of assets ROAI.And the regression results are consistent when we replace the ROAI by the yield ratesof net assets ROE as the dependent variable to do the robustness test. The aboveconclusions show that the environment accounting information disclosure forcorporate financial performance has a certain positive effect.Fourthly, the disclosure models of environmental accounting information. thearticle through comparing the sample company, which disclose the environmentaccounting information not only by the annual reports but also by the independentreport of comparison, to find a lot of heavy pollution industry in our country discloseenvironmental accounting information with the annual report at present, but thecompany rates, which disclose environmental accounting information by theindependent report, is increasing year by year. And there is some certaincomplementary between the annual reports and the independent reports on thedisclosure content of environmental accounting information no matter in the qualityor in the quantity.Combining the normative research and empirical research, this paper found thatat present the environment accounting information level can be further improved,which is disclosed by the heavy pollution industry in China; Environmentalaccounting information disclosure model is transition gradually from the annualreport dominated to the independent report, but the normative and normativedisclosure mode is not be established truly; The positive relationship between theenvironmental accounting information disclosure level and the enterprise financialperformance, can promote in a certain extent the enterprise to establish a standardized disclosure model, and disclose a high level of environmental accounting information.In fact, regardless of the relationship between the environmental accountinginformation level disclosed by the corporate and corporate performance (including thefinancial performance and the non-financial performance), environmental problemand the information disclosure are all the inevitable problems in the process of theenterprises operation and management. Environment is the material basis for theenterprise survival, the information disclosure is a channel, which will make thecommunication between the enterprise and its stakeholders and other externalenvironment go smoothly. The enterprise must to promote actively the harmoniousdevelopment between environmental and economy. And make an effectivecommunication with the outside world by the unified disclosure mode.