Studay On The Determinants Of Carbon Accounting Information Disclosure In Chinese Listed Companies

With the challenge of climate change and global warming getting worse,the low-carboneconomy is rising quietly in the worldwide. In the face of new economic phenomena andeconomic activity, accounting as a new modern management information system should make apositive change. Accelerating the construction of carbon accounting system and carbonaccounting information disclosure mechanism has great practical significance for achievingenergy conservation and shifting economic development mode from high emissions.It will belighting direction for the road of sustainable development.This paper attempted to study the carbon accounting information disclosure in carbonaccounting system and using the empirical research method to find out the factors affect on thecarbon accounting information disclosure. Thereby we offered advices on China’s development oflow-carbon economy. Four carbon emission industries are electricity, heat production and supplyindustry, oil processing and coking, ferrous metal smelting and rolling processing, chemical rawmaterials and chemical products manufacturing.First, I selected all listed companies of four carbon emission industries during the periodfrom2010to2013as the research object, excluding the newly listed companies and enterpriseswith incomplete data. Finally, it has204listed companies and722research samples after selecting.And I sorted out the annual carbon accounting information disclosure level manually from thelisted company’s annual report and social responsibility report as the dependent variable. Basedon the assumption I used the company size, profitability, capacity development, proportion ofindependent directors, whether a company is in the emissions trading pilot cities and other factorsas independent variables for empirical analysis.Second I proceed descriptive statistics analysis forvariables. We draw corporation that carbon accounting information disclosure level of Chinashowed an increasing trend, but the overall situation is still in the middle levels. Third I proceedcorrelation analysis and regression analysis for carbon accounting information disclosedindex andinfluencing factors. Last we draw the following conclusions: company size, capacity development,the chairman and general manager separation and whether the company is in the emissions tradingpilot cities by four variables is consistent with the hypothesis testing, and the regression results ofownership concentration is on the contrary with assume. The profitability and the proportion ofindependent directors doesn’t have significant effect on carbon accounting information disclosurelevel of listed company.According to the conclusions, the paper puts forward four-point proposals, includingstrengthening outside pressure of corporate for disclosuring carbon accounting information; improving the corporate governance structure and the internal control system; promoting carbontrading in nationwide; accelerating the construction of the theoretical system of carbon accountingand improving the professional quality of accounting personnel. I hope our country can build themechanism of carbon accounting information disclosure effectively and promote the developmentof china’s low-carbon economy.