Research On Stakeholders And Environmental Accounting Information

Recent years, the environment is suffering serious pollution accompanied with the extensive economy development in China. With more serious environmental conditions, it has been an inexorable choice for the human beings to protect environment, maintain ecological balance and sustainable development, keep the harmony between man and nature. The enterprises have to put the environmental protection idea into their own development strategies in order to meet the demands of their own future development. Therefore, it is the most internationally effective means for the enterprises to take the environmental disclosure tragedy for fulfilling the responsibility of protecting the environment. However, the problem is this:Are the enterprises willing to disclose environmental information, and have they done like that? That is the key to improve the quality of environmental disclosure at present.There are lots of influential factors for the environmental information disclosure level. With a view of stakeholders, this paper analyzes the different degree of environmental information disclosure quality of the various stakeholders, and gives some suggestions on enhancing the environmental information disclosure level. The enterprises and the stakeholders take the influences with each other. On one hand, the interests of stakeholders are affected by the decision of the enterprise. For example, environmental pollution which is caused by the company may directly impact the ecological balance. and then affect the quality of social public’s life. Publishing false accounting information has a direct bearing on the scientificalness and efficiency of the stakeholders’ decision-making. On the other hand, the stakeholders will also affect the enterprise’s behavior. Since the enterprise decision is directly affected by the government’s policies and regulations, the enterprise can establish a good image in public only after it responds positively to the reasonable requirements of the public. Therefore, as far as the stakeholders can see, enterprise can acquire long-term survival and development only by full disclosure of environmental accounting information.Based on the stakeholder theory, asymmetric information theory, sustainable development theory and organizational legitimacy theory, the paper has selected employees, shareholders, suppliers, creditors, government and consumers as six major stakeholders, and analyzes the different degree of environmental information disclosure quality that various stakeholders have. In order to prove the feasibility of the theories, it selects 727 listed companies during 2009 to 2013 in Shanghai Stock Exchange, a total of 4235 samples of related data, verifies the theoretical hypothesis, and respectively inspects the relationship between internal stakeholders and environmental information disclosure, and that between the external stakeholders and environmental information disclosure. Finally, according to the analysis and the current situation of environmental information disclosure in China, research conclusion is arrived at. The paper points out the limitation of the former study, and gives corresponding suggestions to regulators, which gives some pieces of advice for the government to make the rules for the companies and investors improving environmental information disclosure quality.