Empirical Study On Corporate Environmental Responsibility Information Disclosure Status And Influencing Factors

After the Industrial Revolution, the deepening of economic globalization, environmental issues become the focus of global concern. "Water deterioration", "PM2.5 index " "cancer villages surge" are occur frequently in the newspaper.China’s environmental problems showing a new trend.Enterprises as the main force in promoting economic and social development, have played a key role in the process of environmental pollution problems. As Chinese government continue to strengthen the supervision of environmental protection regulation.How to balance the economic benefits and environmental benefits has become the focus of attention.Based on the problems, through the theoretical research and empirical test to research the following problems: the influencing factors of enterprise environmental responsibility of information disclosure.How to build environmental responsibility information disclosure index evaluation system to measure the level of corporate environmental responsibility? Corporate environmental responsibility, environmental information disclosure and its influence on how the relationship between the factors?The theoretical research part, collecting and reading of literature at home and abroad, this paper introduces the basic situation of domestic and foreign enterprises, environmental responsibility information disclosure influencing factors and the domestic and foreign research on the empirical study on environmental information disclosure. Secondly, based on the concept of sustainable development, combined with the influence of stakeholders on environmental behavior of enterprises to put forward the theoretical basis of this paper: stakeholder theory, asymmetric information theory, signal transmission theory, the external effect theory. Starting from the enterprise features to build environmental responsibility information disclosure influence factors of the theoretical model. The empirical research part, based on corporate disclosure of environmental information and factors related data accessibility and usability, build environmental responsibility information disclosure index evaluation system. This paper selects the annual report and social responsibility report from 2011 to 2013 in Hubei province listing corporation released as research sample, combined with environmental responsibility information disclosure and enterprise characteristics index, putting forward the hypothesis and establish the regression model to test the relationship between dew environmental responsibility information disclosure and enterprise financial performance.Empirical results show that: From 2011 to 2013, the sample of corporate environmental responsibility improved environmental responsibility information disclosure quality. However, the presence of environmental responsibility information disclosure is not sufficient to reflect the content is not specific, not comprehensive, does not have a substantive sense. Listing Corporation scale and environmental responsibility information disclosure are positively related; Assets liabilities ratio and environmental responsibility information disclosure are positively correlated, but not significantly; EPS and environmental responsibility information disclosure negative correlation; net interest and environmental responsibility information disclosure was negative correlation; Environmental Award and environmental responsibility information disclosure significantly was positive correlation; the listed location and environmental responsibility information disclosure positive. EPS and environmental responsibility information disclosure was negatively correlated; net interest and environmental responsibility information disclosure was negatively correlated. Make policy recommendations based on empirical results.