Study On Factors Affecting Environmental Accounting Information Disclosure Of Heavily Polluting Manufactuirng Companies Listed On GEM

In recent years, environmental pollution incidents intensified, soenvironmental issues，they are highly valued by countries and peoples, but thestudy of environmental accounting started lately in our country, limiteddevelopment. In particular, the problem of environmental accounting informationdisclosure GEM listed companies, does not have a standardized support laws.According to Yun Ling Global Responsibility Rating (RKS) monitoring resultsshow that the Shenzhen Stock Exchange in2012, a total of233A-share listedcompanies to disclose social responsibility report, which released a reportvoluntarily for the133companies, including40companies of Shenzhen board,74for the Shenzhen SME board Company,19for Shenzhen GEM companies,voluntary release rate of57%GEM companies are all voluntary release. Thisphenomenon reflects the good momentum of development of GEM companies interms of responsibility information disclosure. However, the current number ofvoluntary information disclosure GEM is still small, so what kind of companiesare more willing to disclose environmental accounting information it? Researchpaper, GEM listed company to expand its influence factors for the object. Takinginto account the impact on the environment and environmental accountinginformation disclosure heavy polluting industries a greater impact on thecompany itself, so choose the heavily polluted manufacturing GEM for the study.From the theoretical part of the basic concepts and theories start, focuses onthe meaning of environmental accounting, environmental information， environmental accounting information. And the main content of environmentalaccounting information disclosure, analyzed on the basis of relevant theories ofenvironmental accounting information disclosure. Then combine thecharacteristics of GEM listed companies heavily polluting manufacturingsystems from theoretical analysis of the corporate governance structure, affectthe company’s future financial characteristics and risks of the three aspects ofenvironmental accounting information disclosure. Specifically selectedownership concentration, Chairman and general manager of the two grades inone, the proportion of institutional investors holding, the proportion ofindependent directors, the company’s development, profitability, operationalcapacity, solvency, company size and dependence on a single customer these tenfactors theoretical analysis, the study hypothesis of this paper.Empirical part, heavily polluting manufacturing to our GEM2010-2013panel data is based on ten factors affecting the regression model proposed by thepanel study the theoretical part of the environmental accounting informationPerak. The study found that (1) The concentration of ownership, the proportionof independent directors are associated with environmental accountinginformation disclosure, the proportion of institutional investors holding anegative correlation of environmental accounting information disclosure. Thechairman and general manager of the two posts in one or not does notsignificantly affect the disclosure of environmental accounting information.(2)The company’s development capabilities and profitability of environmentalaccounting information disclosure is reversed.(3) The size of the company has asignificant positive impact on the environmental accounting informationdisclosure. However, its operating capacity, solvency, dependence on a singlecustomer impact of environmental accounting information disclosure was notsignificant. It should be noted that: text only examined part of heavily polluting manufacturing companies listed on GEM, but as the company continues toexpand, the company is listed on the GEM growing, as well as three new boardexpansion, factors affecting environmental accounting information disclosurealso changing, as the company’s point of view to consider the issue is slowlychanging. Therefore, future research will take into account the changes in thefactors within nowadays would be more reasonable.Finally, According to the results of theoretical and empirical research,combined with the actual situation of China’s current environmental accountinginformation disclosure, development agencies from government regulation andpolicies, the listed company itself made two recommendations to further improveour level of environmental accounting information disclosure.