An Empirical Analysis Of Influencing Factors For Environmental Accounting Information Disclosure Of Listed Companies, Based On The A-share Listed Companies Data Of Anhui Province During2011-2012

At present, the problem of the environment pollution is a serious problem our countryfacing in the process of economic development. As one of the important participants ineconomic life, the listed companies not only create wealth, but also pollute our planet.Therefore, they have unavoidable responsibility in the aspects of environmental protectionand governance. Environment protection requires the information disclosure of companiesreflect the fiduciary duty of economy and environmental accountability. But thecomplexity of the environmental activities and environmental matters do not conform tothe traditional accounting recognition and measurement principles. The require mentionedabove has never been incorporated into the financial and accounting report system.Environmental accounting is born out of the needs of the green development. In order toimprove the comprehensive benefit, the company should build the sustainable environmentaccounting system and pay attention to economic benefits, social benefits andenvironmental benefits at the same time. Therefore, in order to meet the requirements ofstakeholders, the effect factors of corporate environmental accounting informationdisclosure of the research is of theoretical and realistic significance.This article selects data of77A-share listed companies in the year of2011-2012inAnhui province as the research sample. In view of the environmental accountinginformation disclosure of economic background and legal background, this articlereferences to the characteristics of the foreign environmental accounting informationdisclosure, analyzes the present situation of environmental accounting informationdisclosure of the sample company. Then combining previous research results, disclosurestatus and stakeholder theory, and the corporate social responsibility theory, it puts forwardeight independent variables (the company size, asset-liability ratio, profitability, theproportion of tradable shares, a separate report, the listed sites, industry differences,chairman and general manager whether separation) as the hypothesis impactingenvironmental information disclosure level research. At last, it evaluates the environmentalaccounting information disclosure of sample companies item by item through theenvironment accounting information disclosure scale. According to the result ofconsideration to mean and the median as the threshold for disclosure score value andcontinuous variable interval period of division, it further analysis the influence factors ofenvironmental accounting information disclosure level by using the unorderedclassification Logistic model.Based on the research, results are as follows:(1) the environmental accountinginformation disclosure of listed companies has the such problem as optional disclosuremode, lack of self-consciousness in the disclosed separately report, inadequate disclosurewithout independent third party audit and so on;(2) compared to2011, the listed companyenvironment accounting information disclosure level has improved in2012, but the overalllevel of disclosure is still relatively low;(3) the environmental accounting informationdisclosure level is affected by five factors (company size, asset-liability ratio andprofitability, a separate report, industry differences). Under a certain level, company sizeand profitability is positively related to the level of environmental accounting information disclosure. The effect was not significant when reaching a higher level; Middle levelasset-liability ratio was positively related to environment accounting informationdisclosure. When reaching a higher level asset-liability ratio, the effect was not significant;Separate reports and industry differences are significantly and positively related to levelsof disclosure. Listed companies which have issued separate reports and companies in theheavy pollution industry have higher levels environmental accounting informationdisclosure. According to the results, in order to promote the development of China’s listedcompany environment accounting information disclosure level, the article puts forward thefollowing suggestions:(1) establish a standardized information disclosure mode;(2)strengthening the listed company disclosure of a separate report disclosure;(3) strengthencontent specification of environmental accounting information;(4) establish a betterenvironmental audit system;(5) improve the company’s size and profitability of heavypollution industry;(6) guide to set up green investment agencies, encourage financialinstitutions to use more environmental standards;(7) optimize corporate governanceinstitutions.