A Study On The Influencing Of Corporate Governance And Carbon Information Disclosure

With the deep development of Low Carbon Economy, transparency of corporate’s carbon disclosure became hot spot of stakeholders. For the current research status,the paper using content analysis method selects resource-based industries listed companies as samples from 2011 to 2013,to understand the Carbon Disclosure of China’s resource-based enterprises.This paper empirically tested the influence degree between internal and external corporate governance characteristics and voluntary carbon information disclosure level with resource-based enterprises as samples. Internal corporate governance characteristics include equity governance, the board of directors’ governance, the board of supervisors’ governance and the external corporate governance characteristics include transaction status, the audit authority.The study found: the relatively large impact of concentration of ownership rate and independent directors rate on Carbon Disclosure,indicating that high degree of ownership concentration and independent directors of listed companies are more willing to raise the level of carbon disclosure. Board size, the Audit Committee’s establishment or not and the size of the board of supervisors affect the voluntary carbon disclosure level to a certain extent, indicating that the Board of Directors, the Audit Committee of the implementation of the voluntary carbon disclosure consciousness are gradually improved, futhermore corporate governance structure is gradually improving. In the extent of the transaction status, the impact of governance’s Carbon Disclosure level is relatively large,indicating that relatively good operating status of listed companies to disclose information sufficient carbon and transparency is relatively high. But the impact of the carbon audit agency authoritative information disclosure level is very small, indicating that Listed companies do not consider the impact of the audit agency authority when voluntary carbon disclosure.Based on theoretical analysis and empirical results, mainly from academia, government, business and Social perspective this paper put forward proposals to improve the Carbon Disclosure,to promote and to encourage the implementation of the voluntary carbon information disclosure,and sustainable development of enterprises.