Research On The Determinants Of Carbon Accounting Information Disclosure By Manufacturing Listed Companies

Climate change has had a profound impact on the world, the global climate warming and the frequency of extreme weather conditions have attracted worldwide attention. In response to the increasing greenhouse gas emissions and fossils increasingly serious energy crisis, thus the rise of low-carbon economy, carbon accounting as a branch of environmental accounting has gradually developed. In2013, the National Development and Reform Commission have been launched in shenzhen, Shanghai, Beijing, tianjin, guangdong five carbon trading market, nearly2,000enterprises have been included in the compulsory quota control, its annual financial report and necessary disclosure of information required to incorporate carbon emissions information. In the important opportunity for the development of China’s current carbon market, analyzing current situation and problems of China Listed Companies carbon accounting disclosure information, research factors of carbon accounting information disclosure by manufacturing listed companies, can promote our country manufacturing industry listed companies active in energy conservation and emissions reduction, voluntary carbon accounting information disclosure, and provide the reference for the government to strengthen the supervision and guidance of manufacturing listed companies.Based on sustainable development theory, social responsibility theory, stakeholder theory, the asymmetric information theory and signaling theory as the theoretical basis of the article, starting from the existing research results at home and abroad, choose Shenzhen and Shanghai A-share eligible317manufacturing listed companies as the research sample, analysis the present situation of carbon accounting information disclosure from the disclosure form, content and proportion three aspects, and find out the existing problems. Then apply the theoretical basis of this paper analyzes factors from both internal and external environment, and then from the enterprise internal indicators (the company size, profitability, development capacity, ownership concentration) and external index (the government pressure, social supervision, industry characteristics, regional economic level) two aspects, analysis the factors of carbon accounting information disclosure levels by manufacturing listed companies through the empirical test. The results indicate that the carbon accounting information disclosure levels of manufacturing listed companies at present is generally low, but showing a good development trend. The company size, social supervision pressure, industry characteristics, regional economic level with carbon accounting information disclosure level exist significant positive correlation, profitability with carbon accounting information disclosure level exists significant negative correlation, indicating a good performance for the company did not give high attention to low-carbon economy, more through a high level of profitability to attract investors. Development capacity, ownership concentration, the government pressure with carbon accounting information disclosure is no significant influence. On the basis of empirical research, this paper finally put forward from two aspects of enterprise internal environment and external environment may be effective suggestions and countermeasures, in order to improve the level of carbon accounting information disclosure by manufacturing listed companies and develop low-carbon economy in our country.