The Research On The Influence Of Corporate Governance On The Enterprise Environment Information Disclosure

Since the environment problem is getting increasingly severe, the public more concern about it and the accounting field is not an exception. Accounting field utilizes environment information disclosure to enable shareholders and owners to understand about companies’ current situation and existing problems. Meanwhile the disclosure of environment information assists to achieve a fair capital market and eliminates the information asymmetry. Therefore, environment information disclosure issue is getting people’s attention. A lot of factors could influence environment information disclosure and the structure of corporate governance is one of those, which can’t be ignored. The relationship between environment information disclosure and corporate governance is worth to discuss, in both theoretical and practical aspects. However, when Chinese scholars investigate the factors that impact the environment information disclosure, they treat corporate governance as an element, rather than do the specialized research about how corporation governance structure affects environment information disclosure. Based on that, this thesis analyzes the impact of listed companies’ corporate governance structure to the level of environment information disclosure.This thesis introduces the foundational theories about the disclosure of environmental information and corporate governance in the first place, this part described the environmental information disclosure and the identity of the environmental accounting information disclosure, corporate governance and the identity of the corporate governance structure, as well as analyzes the relationship between corporate governance and company environment information disclosure under stakeholder theory, agency theory and compliance theory. Secondly, it generally illustrates the effect of corporate governance structure to environment information disclosure, and then analyzes how ownership structure, Board of Director and Board of Supervisor influence the environment information disclosure. Afterwards, on the basis of theoretical analysis,89 companies, which are listed in Shenzhen and Shanghai Stock and from A-share market pharmaceutical industry, are chosen as research sample. Through empirical study, it is found that:the level of listed companies’ environment information disclosure has great position correlation with proportion of independent directors, the size of the Board of Supervisors, number of meetings of the Supervisory Committee and company size, strong negative correlation with ownership concentration; and the correlation with ownership property, CEO and the size of board is not significant. Finally, according to the result of the empirical study, this thesis offers three suggestions from the following aspects: Optimize the ownership structure of listed companies, give full play to the functions of the Board of Directors and the Supervisory Board, so as to enhance the level of environment information disclosure.