Study Of Influence Factors On Environmental Information Disclosure Of Public Company In Extractive Industry In China

Environmental quality is becoming worse recently, people also concerned theresulting health problems, also the environmental pollution arouses people’s Arousedpeople’s concern.The main causes of pollution of the environment is due to the rapiddevelopment of urbanization and the growing of the industry development. As themain culprit of environmental pollution, the enterprise can’t shirk responsibility to theenvironment protection and governance, especially for such industries as mining.Therelevant environmental information disclosure is imperative, also people need acomfortable living environment. Specifically, the enterprise should not only observethe basic environmental protection laws and regulations, on this basis, but also try totake measures to prevent pollution caused by production or emergency pollution, anddisclosure the environmental accounting information in detail. In the result, providinginvestors with investment guide, the enterprise also win more financing for theenterprise itself, and achieve the sustainable development.This article takes extractive industries listed companies as research samples fromyear2010to2012, analyzes influence factors that is likely to affect the enterpriseenvironment information disclosure. The paper selects the company size, profitability,debt level, equity concentration, as the influence factors of environmental informationdisclosure of listed age after the theoretical analysis, puts forward hypothesis andbuilds the model. This paper discusses the influencing factors of corporateenvironmental information disclosure and how these factors affect the environmentalinformation disclosure level, the results are as follows:(1) the company scale and thelevel of environmental information disclosure is significantly related, meaning thatthe greater the size of the listed company, the disclosure of environmental accountinginformation of the corresponding will also be more;(2) the level of earningprofitability and the level of environmental information disclosure is significantlyrelated,that is to say, the earnings level is higher, the enterprise environmentaccounting information disclosure level is higher;(3) the company debt level andenvironmental information disclosure is significantly relate, meaning the level of thehigh rate of assets and liabilities of the company, the company’s environmentalinformation disclosure level will also corresponding higher;(4) the companyownership concentration and the environment significantly negatively related,meaning the level of information disclosure of listed companies equityconcentration is higher, the company’s environmental accounting informationdisclosure level will be lower;(5) listed company age and environmental informationdisclosure is significantly related,meaning the level of the listed companies listed agelong, environmental accounting information disclosure level is relativelyhigh.According to the empirical conclusions and analysis, this paper puts forward thepolicy Suggestions to improve China’s environmental accounting informationdisclosure and the improvement measures, at the same time puts forward the existingresearch shortcomings.