A Study On The Influencing Factors Of Carbon Accounting Information Disclosure In Chinese Listed Companies In Heavy Polluting Industry

With the rapid development of Chinese economy, politics and culture, global warming,the domestic comprehensive PM2.5air crisis and other issues have been a serious threat to ourenvironment. So the pace of the low-carbon emission-reduction is urgently needed. In thecurrent circumstances, the study of the current situation and influencing factors of Chineselisted companies in heavy polluting industry can find effective ways to improve the level ofcarbon accounting information disclosure for the Chinese company. This is not only beneficialto the sustainable development of the company, but also to better regulate the carbonaccounting information disclosure of Chinese company for regulators and protect the rightsand interests of stakeholders.In order to understand the current situation of information disclosure of carbonaccounting and explore the main factors in Chinese heavy polluting industries listed companies,for the current status of research，the research method of document analysis, data collection,empirical analysis are applied in this paper. It is reviewed the related research results at homeand abroad and based on the actual situation in Chinese heavy polluting industries listedcompanies and the theory of sustainable development to screen and define the factors ofChinese heavy polluting industries carbon accounting information disclosure of listedcompanies.855study samples form the statistics in2010-2012of285companies listed inShanghai stock A market. This paper descriptive analyses the overall level of the carbonaccounting information disclosure of the listed companies in heavy polluting industry andmultivariate regression statistical analyses the factors of the carbon accounting informationdisclosure from the features of company, the governance structure, external supervision, andother external factors.Through empirical research and detailed analysis, the following conclusions are making:the overall level of the carbon accounting information disclosure in Chinese heavy pollutingindustries is lagging behind. What’s more, the variables of company size, debt capacity, equitynature and regional economic development have a major impact on the information disclosure of carbon accounting. On the basis of the conclusions, this paper mainly puts forward thesuggestion for improving carbon accounting information disclosure from the views of internalconstruction of the company, external supervision and academia. So as to enhance listedcompanies’ ability of carbon accounting information disclosure and fully promote the vigorousdevelopment of Chinese low-carbon economy.