An Empirical Study Of The Impact Of Financial Performance On Carbon Disclosure

Because of global warming, melting glaciers, rising sea levels, pets diseases increased and hazy weather frequently patronizing in recent two years, the greenhouse gas-carbon dioxide caused these problems is pushed to the cusp of public opinion, carbon information has become a focus of study in recent years.This paper tries to analyse whether there are significant differences between the disclosure and non-disclosure carbon information companies and the effect of financial performance of carbon disclosure financial performance on carbon information. with which financial performance enterprise tends to disclose carbon information? How to promote the enterprise to disclose carbon information, to achieve energy-saving emission reduction?This paper is based on literature review and situation analysis, consulting relevant theories, then proposes hypotheses and constructs the model. This paper selects 2011 to 2013 Shanghai and Shenzhen stock market 268 listing corporation of high carbon emission industries companies as samples, use SPSS20.0 to analyse whether there is a significant difference of listing corporation financial performance between the disclosure and non disclosure enterprise through the independent samples T test, then constructs the regression model to analyse the effect of financial performance on carbon disclosure. And the different nature of enterprises, social responsibility report disclosure and analyse whether enterprises are comparatively test analysis. On this basis, further analysis of the effect of the previous financial performance of carbon disclosure. Finally, summarizes the research conclusions and puts forward relevant policy suggestions. And make comparative test between the different nature of enterprises, disclosure social responsibility report and non-disclosure. On this basis, make a further analysis of the effect of the previous financial performance of carbon disclosure. Finally, this paper summarizes the research conclusion and puts forward relevant policy suggestion.The results of the study found that:financial performance of carbon information disclosure enterprises is significantly higher than non-disclosure enterprises; high carbon emission industries listing Corporation profitability, liquidity and solvency has significantly positive correlation with carbon disclosure. In addition, enterprise scale, independent directors, the social responsibility report and carbon information are significantly positive related. The relationship between carbon disclosure and financial performance have different performance in the state-owned enterprises and non state-owned enterprises, also have different performance in the disclosure of social responsibility and the enterprise fails to disclose social responsibility; the current financial performance than previous financial performance impact on its impact on carbon disclosure.According to the research results, we put forward related policy recommendations:the government should strengthen the propaganda, improve the carbon disclosure consciousness of the enterprise, establish and improve the information disclosure system of carbon, and the effective carbon trading market should be established as soon as possible; the managers of the enterprise to strengthen enterprise management, improve the profitability of enterprises; in addition, the state-owned enterprises should do a good job take the lead role, carbon disclosure.