The Empirical Study Of The Correlation Between The Environmental Accounting Information Disclosure And Corporate Governance Structure

With the rapid development of China’s economy, environmental problems become more and more serious. As an important participant in national economic life, enterprises’disclosure of the environmental accounting information is becoming more and more important. The environmental accounting information embodies the fulfillment of environmental responsibility of the enterprise, which can satisfy the need of enterprises’stakeholders. And it is an effective way to alleviate the information asymmetry between the internal and external, reduce the agency cost, establish an environmental friendly corporate image and improve enterprises’performance. Besides, the corporate governance structure is an institutional arrangement which aims to improve the performance of the enterprise, and it can influence the environmental accounting information disclosure through strengthening the supervision of top mangers’behaviors. This paper is taken to find out the correlation of the environmental accounting information disclosure and corporate governance structure. The conclusions of this paper are very meaningful, which can guide us how to promote the environmental accounting information disclosure through the optimization of corporate governance structure.After summing up the academic research achievements about environmental accounting information disclosure, four independent variables and three control variables are selected,100heavy pollution industry listed companies are taken as the study samples. Then a multiple linear regression model is applied to analyze how the different parts of corporate governance structure affect the enterprises’disclosure of the environmental accounting information. Through the empirical study, some conclusions are found as follows:in China, the quantity of different heavy pollution industry listed companies’disclosure of the environmental accounting information are very differently, and for different heavy industries, the average quantity of the enterprises’disclosure of the environmental accounting information are also very differently; for the three control variables, corporate size and profitability are the influencing factors of enterprises’environmental accounting disclosure, however, financial leverage is not; heavy pollution industry listed companies’environmental accounting information disclosure has positive correlations with the proportion of independent directors and the size of the board of supervisors, however, chairman of the board concurrently general manager and executives’educational level have no significant influences on it. Based on the conclusions of the empirical study, four following suggestions are put forward:forcing the heavy pollution industry listed companies about the disclosure of Environmental Report; appealing creditors to attach importance to the disclosure of the environmental accounting information; increasing the proportion of independent directors; increasing the size of the board of supervisors. With these suggestions, we expect the level of the environmental accounting information disclosure can be improved.